Situation at Calfrac Prior to the Capital Expense Dashboard

In the fast-paced environment of the energy sector, swift and accurate financial decision-making is essential for companies to uphold profitability and a competitive edge. Nonetheless, conventional financial reporting systems frequently lack the capability to seamlessly integrate operational data.

Despite possessing an abundance of valuable financial data, Calfrac’s CFO struggled with viewing it alongside operational data to attain timely insights into capital costs and performance. This disconnect inhibited their ability to ascertain costs and evaluate ROI and capital performance. Fundamentally, they sought answers to questions like “How much money are we investing in a project, how much do we have left to spend, and what are the returns?”

Our new dashboard is providing much better insight into the health and wealth of our business.

Mike Olinek CFO Calfrac Well Services
Let’s Create Progress Together!

Our new dashboard is providing much better insight into the health and wealth of our business.

Mike Olinek CFO Calfrac Well Services

Solutions & Benefits of the Capital Expense Dashboard

To address these issue our experts first focused on the development of a Capital Expense Dashboard. This dashboard integrates budgets, actual expenditures, and commitments with quarterly forecasting, providing a comprehensive view of anticipated performance and improved decision-making.

The dashboard provides real-time data visualization, with the flexibility to filter and drill down into the data. It is tool-agnostic in terms of presenting the data, adhering to standard industry reporting and data models.

This joint project between Calfrac, AST, and Blend360 (a sister Recognize company of AST) focused on the following business goals:

  • Efficient Capital Deployment: Align systems to better plan and deploy capital and labor based on market factors (e.g., commodity price fluctuation)
  • Effective Capital Project Management: Identify opportunities to build assets to expand the business organically
  • Increase EBITDA: Increase the ability to manage capital (via project control and optimized spending), thereby increasing the bottom line

For Calfrac, the dashboard leverages the following KPIs, which can be filtered for project, approval status, business unit, or currency:

  • Approved AFE budget
  • AFE YTD and ITD spend
  • Available capital to spend
  • Forecasted capital to be spent
  • Watch list of over/underspent AFEs
  • AFEs requiring supplement
  • Projected capital spend variance
Industry: Energy

Solution Components:

  • Oracle Enterprise Planning Cloud
  • AST Capital Expenditures Dashboard
why ast poster why ast poster

Why AST?


Acting as a trusted advisor to Calfrac, AST closely collaborated with all parties on business requirements, toolsets, and expectations to ensure a positive business outcome. Additionally, the project yielded a reusable data model and dashboard interface.