The high price of oil has been a hot topic for well over the past decade. How does a company that provides oil and fuel services stay competitive while keeping their costs low? For Tulsa, OK, based International Energy Corporation (IEC), GPS tracking provided one solution.
IEC is the U.S.-based exploration and production subsidiary of AusTex Oil Limited, a publicly owned company with its shares trading on the Australian Stock Exchange. According to Hollie Heldmann, IEC’s director of operations and accounting manager, the company’s focus is “to acquire producing assets where the existing wells can be reworked with ample acreage for infield drilling, as well as acquire and develop new drilling prospects.”
IEC has developed a patented oil production process that enables previously unrecoverable oil to be recovered efficiently and economically. With an estimated 87% of the known U.S. oil reserves abundant underground, this optimized process should be in high demand.
Of course, such an efficient product needs an efficient organization to back it up, and Heldmann was faced with a few challenges from her drivers, concerning maintenance, excessive miles, and the cost of fuel to keep the 12 vehicles on the road.
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