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Deploying and Growing a Deploying and Growing a Lean Six Sigma Initiative in a Lean Six Sigma Initiative in a “Wait and See” Environment:“Wait and See” Environment:
The Newfield ExperienceThe Newfield Experience
Carolyn HarperCarolyn Harper
PreliminaryPreliminary
Black Belt
Application to Oil & GasApplication to Oil & Gas
• AcquisitionsAcquisitions• BudgetingBudgeting• Cash ManagementCash Management• Drilling Drilling • Expense ReportsExpense Reports• Financial ReportingFinancial Reporting• G & GG & G• H S & EH S & E• InsuranceInsurance• Joint Interest BillingJoint Interest Billing• KL OfficeKL Office• Land AdministrationLand Administration• MarketingMarketing
• NegotiationsNegotiations• Outside Operated AcctOutside Operated Acct• Prod AccountingProd Accounting• Qualifying ExemptionsQualifying Exemptions• Revenue AccountingRevenue Accounting• Seismic Acquisition StrategySeismic Acquisition Strategy• TreasuryTreasury• Utilization of Office SpaceUtilization of Office Space• Volumetric ReconciliationVolumetric Reconciliation• WorkoverWorkover• X-plorationX-ploration• Yearly (Annual) ReportYearly (Annual) Report• Zonal AnalysisZonal Analysis
ProjectsProjects
SR VP/CFO
LSS Deployment Champion
Corporate Administrative Manager
LSS Black Belt
LSS Analyst
LSS Black Belt
Early ProjectsEarly Projects
• Revenue ForecastingRevenue Forecasting• Royalty RelationsRoyalty Relations• OBO Severance Tax ExemptionsOBO Severance Tax Exemptions• BTU StandardizationBTU Standardization• Invoice/Remittance Reconciliation, IInvoice/Remittance Reconciliation, I• Field Oil Data DistributionField Oil Data Distribution• Field Volume ReconciliationField Volume Reconciliation• Market Contract DistributionMarket Contract Distribution• Meter Cross-Reference VerificationMeter Cross-Reference Verification
Project PrioritizationProject Prioritization
PersonnelPersonnel
Initial DeploymentInitial Deployment
Teal Belt TrainingTeal Belt Training
Manager Awareness TrainingManager Awareness Training
TrainingTraining
0
50
100
150
200
2Q05 4Q05 2Q06 4Q06 2Q07 4Q07 2Q08
BB Manager TB: GC TB: MCD TB: RMD
Functional Green BeltsFunctional Green Belts
Production AccountingProduction Accounting
Records ManagementRecords Management Revenue AccountingRevenue Accounting
MarketingMarketing
Currently being trained….Currently being trained….
ProliferationProliferation
AwarenessAwareness
Teal BeltsTeal Belts
Collaborative ProjectsCollaborative Projects
18
TrainingTraining
0
50
100
150
200
2Q05 4Q05 2Q06 4Q06 2Q07 4Q07 2Q08
BB Manager TB: GC TB: MCD TB: RMD
ProjectsProjects
0
10
20
30
40
50
60
70
80
1Q043Q04
1Q053Q05
1Q063Q06
1Q073Q07
1Q08
Quarter End
Act
ive
Pro
ject
s
Scheduled Define Measure Analyze Improve Suspended Control
Cumulative SavingsCumulative Savings
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
1Q04 3Q04 1Q05 3Q05 1Q06 3Q06 1Q07 3Q07 1Q08
1Q04 3Q04 1Q05 3Q05 1Q06 3Q06 1Q07 3Q07 1Q08
Training Projects Savings$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
1Q04 2Q04 3Q04 4Q04 1Q05 2Q05 3Q05 4Q05 1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08
Tho
usan
ds
0
10
20
30
40
50
60
70
80
1Q043Q04
1Q053Q05
1Q063Q06
1Q073Q07
1Q08
Act
ive
Pro
ject
s
020
40
6080
100
120
140160
180
200
1Q04 3Q04 1Q05 3Q05 1Q06 3Q06 1Q07 3Q07 1Q08
Surefire Path to SuccessSurefire Path to Success
ProjectionsProjections
More functional GBs
Increased knowledge of LSS throughout NFX
LSS partnering with departments as a tool for problem-solving
Increased $avings
Looking Forward…Looking Forward…
Questions?Questions?
