Blog

The Problem with Siloed Data in Oil and Gas Reporting

The Problem with Siloed Data in Oil and Gas Reporting
06/20/2022
Making informed and quality decisions regarding your upstream oil and gas operation requires timely and accurate data often from different departments and systems. If you’re looking at a well for a workover, for example, you likely want to have the production history, decline analysis, and expenses and revenues...

The Painful Cost of Non-Integrated Solutions in Upstream Oil and Gas Accounting

The Painful Cost of Non-Integrated Solutions in Upstream Oil and Gas Accounting
04/28/2022
One of the biggest challenges facing oil and gas accounting and finance teams is the lack of centralized data – or the absence of data integration across systems and databases. Land has its applications and databases, production has its applications and databases, engineering and operations have their applications...

Like Well-Conditioned Boots, Configurability Provides a Perfect Fit

Like Well-Conditioned Boots, Configurability Provides a Perfect Fit
10/27/2021
Everyone needs a pair of well-fitted steel-toed boots to work in the oilfield. The thing is, when you first buy a new pair, it can take weeks to break them in. However, once they are, they become so comfortable that, eventually, you may choose to have them resoled...

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,...