Oil and Gas Accounting Software Hosting for Profit & Loss & Reporting
(View PDF Version)
Profit & Loss - Oil and Gas Accounting Software
The Profit and loss information on producing assets can be difficult for engineers and managers to access. Profit & Loss Center allows immediate and easy access to asset or facility accounting information by all authorized users with oil and gas accounting software. Lease Operating Statements (LOS) are crucial in making the right decisions and evaluating operating performance.
Instead of placing additional burdens on the accounting department, LOS information can now be accessed by users directly on their desktop. Profit & Loss Center creates LOS statements for any well, lease, field, district, or region desired. By directly linking the events that occur during operations with the associated costs, you can quickly determine the reasons for deviations and react appropriately. Profit & Loss Center links to leading oil and gas accounting software / systems.
Analytical Reporting
Data Miner - The Data Miner Center allows you to extract data from Operations Center any way you want it. Easy access to critical information contributes to improved decision making, and allows users to prioritize actions by showing quickly which factors are having the most impact in your business. Using the Data Miner Center your can extract data from all the Operations Center modules into multidimensional cubes for insight based on historical information.
SQL - Upstream Professionals has developed several SQL reports complementary for the Operations Center Hosting environment that can be easily customized for individual companies. These may be operational, regulatory or involve financial and other departments that may use the system.
Dashboards - Information Builders, a leading Business Intelligence Software Platform is also a strategic alliance partner with Upstream Professionals, Inc. for bringing high-impact solutions to the upstream oil and gas industry. Various Key Performance Indicators (KPIs) have been identified for upstream operators, and there are Dashboards, Scorecards and Business Performance Achievements available that leverage the UP Application Hosting data repository.
Operational Reports
Some examples include:
Production Reports
Daily Average Production Summary
Daily Gauge Sheet
Gross and Net Production Report
Oil Runs Compare By Well
Well Daily Production Report
Well Est Prod Month At a Glance Report
Allocation Reports
Facility Allocated Month At a Glance Report
Facility Daily Allocation Report
Well Month End Production
Well Monthly Allocation Report
Well Split Gas and Gas Sold Report
Potential Error Reports
Down Wells with Production
Facility Monthly Production Theoretical vs Alloc
Well Monthly Allocated Oil vs Inventory
Well Monthly Production Theoretical vs Allocation
Regulatory Permits & Notices
All oil companies are required by the federal government and various state governments to obtain permission for doing certain well completion and workover procedures on a well or a group of wells. Additionally, many government agencies also require notification when a wellwork procedure has been completed successfully. The UP Application Hosting system includes a module that enables many of these permits and notices to be easily prepared and forwarded directly. This can be done very quickly because the information has already been captured within the oil and gas accounting software during the daily well capture process.
The Production Regulatory module generates the electronic files to populate forms for various regulatory agencies. Now when your production month is closed, generating electronic files for the regulatory forms could not be easier. Now covering the following agencies: Federal/MMS, Louisiana OGP, Arkansas Form 6 and 7, Utah Form 10 and 11, New Mexico Form C115, Texas Form PR, Wyoming Form 2, MMS Form 4054 – OGOR, Montana Form 6, North Dakota Form 5 and 5b.