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Paradigm CEO Shares Insight On Surviving The Downturn

Velda Addison Senior Editor, Digital News Group Hart Energy

Thursday, September 22, 2016 – 2:02pm

As the world’s abundance of available oil and gas resources exceed demand, E&Ps continue searching for ways to operate smarter and more efficiently as lower commodity prices drag down profits.

In addition to negotiating discounts and seeking other cost savings, many have turned to technology and partnerships to better cope with challenging times. Paradigm, an independent developer of software for the oil and gas industry, is among the companies that have formed partnerships while strengthening existing relationships with E&Ps.

Arshad Matin, president and CEO of Paradigm, has been through economic upticks and downturns. Matin recently shared his formula, via email, with Hart Energy for “surviving the lean years with an eye toward the future.” His comments have been edited for length and clarity.