Ep 70 - Matt Sands & The Importance of Quality and Continuous Improvement During Downturn

Matt Sands joins us as we discuss continuous improvement and
quality and their importance when the oil and gas industry in a
downturn. Don’t do the wrong things righter! Quality shouldn’t be
something else that costs you money.  Quality is getting your
processes and procedures on paper and doing what you say you’re
going to.  This is important anytime, but especially during a
downturn when you might be facing a shut down.  Having your
procedures in places helps to track everything from how much time a
paper sat on someone’s desk for approval to waste to rework.
 If you have a quality management program in place, you can
track exactly where your money is spent and where you can cut back
or do better.  Cushioning the bottom dollar when business is
booming helps when a downturn comes.  If you don’t have one in
place during a downturn, a quality management program will help you
scale back exactly where you are able.  Yes, it’s money you
have to spend up front on a consultant to help you, but it’s money
well spent and that you’ll not only make back, but be able to track
how you made it back.  Continual improvement is strategically
names; business should always strive to improve,
continuously.  A good quality management program helps that
improvement along. Learn more about our guest today, Matt Sands,
host of the Mineral Rights Podcast. Resource Guide Matt Sands has
over 20 years of professional work experience in the oil & gas
industry across all areas of the business.  The last 3 years
of his corporate career with Shell were focused on helping to
implement improvements in the way Shell’s unconventionals business
managed business process, data, and systems.  For the past 5
years, he has exclusively focused on mineral rights &
royalties.  Matt is the managing member of Silverheels
Investments LLC which is a family-owned company focused on mineral
rights advisory services and investing in minerals and royalties in
select basins across the US.  He provides mineral valuation
and advisory services for mineral owners who are looking for
additional help in selling their property.
https://mineralrightspodcast.com/ https://mineralrightspodcast.com/
https://mineralrightspodcast.com/ Avoid Doing the Wrong things
Righter…But, “By What Method?”JUNE 30, 2020Guest post by Dr. Doug
Stilwell, Drake
Universityhttps://blog.deming.org/2020/06/avoid-doing-the-wrong-things-righter-but-by-what-method/
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