Embodiments are directed to managing and improving a drilling and completions process at a hydrocarbon extraction site, and to optimizing resource allocation at a hydrocarbon extraction site/region. In one scenario, a computer system accesses data generated by hardware sensors implemented by drilling and completion equipment at a hydrocarbon extraction site. The computer system formats the sensor data into a form readable by a data mining algorithm, and mines the formatted sensor data to identify characteristics related to the drilling and completion process. The computer system also accesses and integrates historical data related to the drilling and completion equipment at the hydrocarbon extraction site. The computer system then computes drilling and completion performance indicators that identify inefficiencies based on the characteristics identified for the equipment and based on the accessed historical data. Then, a remediation step is performed to resolve the identified inefficiency.