Blog

P2 Reporting Streamlines Division Orders and Well Cost Analytics

P2 Reporting Streamlines Division Orders and Well Cost Analytics
06/17/2021
Anyone familiar with the old Freddy Fender song “Wasted Days and Wasted Nights” might wonder if the songwriter ever spent time administering the division order process. The essential process of preparing, mailing, and tracking division orders has long been a challenge due to their time-consuming, manual, and often...

Staying in the Game: 7 Tips for Independent Landmen

Staying in the Game: 7 Tips for Independent Landmen
06/02/2021
This article was first written by Richard Hines, former Vice President and Owner of iLandMan. It has been revised and updated by P2 iLandMan’s Jay Williams, a professional landman with over a decade of experience in land and lease management. A special thanks to Richard and Jay for...

A Solid Allocation Engine Provides Foundation of Accuracy for Building Your Oil & Gas Business

A Solid Allocation Engine Provides Foundation of Accuracy for Building Your Oil & Gas Business
04/15/2021
It is no secret to anyone who follows oil and gas performance that the numbers regarding a company’s production and remaining reserves are essential to the company’s valuation – its foundation for future performance, growth, and shareholder value. These numbers are not treated lightly – they are the...

We Get by With a Little Help From Our Friends: Tips & Tricks to Get Back to Work in Oil & Gas

We Get by With a Little Help From Our Friends: Tips & Tricks to Get Back to Work in Oil & Gas
03/29/2021
Recently, we hosted a special presentation where guest speaker, Dr. Amanda Rico, of Rico Editorial Services, joined P2’s Billy Lowry and Tracey Mizell, VP, Land Solutions and Sr. Manager, iLandMan Operations, respectively, in providing guidance and insight on how land professionals can get back to work in 2021...

Communication Challenges Related to Shift Logs and Shift Handovers Vary Among Operators, Supervisors

Communication Challenges Related to Shift Logs and Shift Handovers Vary Among Operators, Supervisors
02/24/2021
The ability to communicate at a high level is one of the key traits that distinguishes humankind from the rest of the animal kingdom, but it is also one of our biggest challenges. Famed Irish playwright George Bernard Shaw once wrote, “The single biggest problem in communication is...

Tougher Venting and Flaring Regulations in TX and NM Will Challenge Operator Reporting, but P2 is Ready to Help

Tougher Venting and Flaring Regulations in TX and NM Will Challenge Operator Reporting, but P2 is Ready to Help
02/22/2021
A wave of new, more stringent regulations for the venting and flaring of gas will soon be in force in Texas and New Mexico as the two states follow others like Alaska, Colorado, and Wyoming in toughening their regulatory oversight and reporting requirements for these types of events...

As Uncertainty Eases, E&P Leaders Count on P2 to Deliver Market Leadership, Proven Performance, and Reliability

As Uncertainty Eases, E&P Leaders Count on P2 to Deliver Market Leadership, Proven Performance, and Reliability
01/18/2021
It is no secret the COVID-19 pandemic brought market uncertainty to the global upstream oil and gas industry. The significant decline in demand and continued pricing volatility for oil and gas has created operational and financial challenges for upstream companies both big and small. In these trying times,...

Upstream Oil & Gas Accountants: Important 1099 Changes for the 2020 Tax Year

Upstream Oil & Gas Accountants: Important 1099 Changes for the 2020 Tax Year
12/17/2020
At P2, we provide industry-leading accounting solutions tailor-made for upstream oil and gas professionals who want applications that provide accuracy, efficiency, and cost savings. Our software delivers on these promises, plus exists as a mature and robust solution that meets the requirements of all types of operations and...

Data Synergy and the Importance of Understanding an Oil & Gas Specific Maturity Model

Data Synergy and the Importance of Understanding an Oil & Gas Specific Maturity Model
12/14/2020
If you are trying to maintain your leases at the same time as curtailing production, you need certain information available across domains. We explored this first in our blog: Maintain Leases, Manage Shut Ins, and Maximize Efficiencies in a Downturn . Information like a shut-in date is of...

6 Important Reasons to Move from Manual to Electronic Logbooks

6 Important Reasons to Move from Manual to Electronic Logbooks
12/02/2020
Technology continues to change our lives in subtle but remarkable ways. A few years ago, it would have been hard to imagine the Star Trek-like devices we carry in our pockets and wear on our wrists, or the data and collaboration tools we rely on to have information...