Configurable and scalable accounting, land and operations software for U.S. oil and gas companies
Production
Time to get on track
Tracking production volumes is imperative to making quick operational decisions. Yet, tracking your production means more than measuring how much oil and gas is produced. Just as you wouldn't want your payroll to be calculated in a spreadsheet due to human error inaccuracies, it is important to automate and systematically track production allocation, which equates to your company's payroll.
Producing efficiency
With the BOLO Production system, volumes that had been tracked and allocated using spreadsheets are captured and monitored in a dynamic database. Critical production information is at your fingertips for proactive decision-making. What's more, the volumes are integrated with revenue and can be used to generate sales. BOLO Production's seamless approach to production tracking enables you to record a volume once and have it flow through the system, meeting the needs of production, revenue accounting and compliance reporting.
BOLO enables you to:
Record the Business
- Easily set up complex gathering systems
- Use multi-tiered allocation methods
- Associate equipment to wells
- Interface with revenue to proactively book revenue receipts based on pre-established contract pricing
- Import production information from third-party data capture programs
Manage the Business
- Eliminate allocation computed in complex spreadsheets
- Build customized reports quickly and easily
- Streamline compliance reporting
- Access production volumes for all financial and management reports