Blog | Oil and Gas Production

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...

Maintain Leases, Manage Shut Ins, and Maximize Efficiencies in a Downturn

Maintain Leases, Manage Shut Ins, and Maximize Efficiencies in a Downturn
11/02/2020
NAPE recently dedicated a roundtable to the topic of maintaining leases while curtailing production, and we noted a few important takeaways that directly relate to our customers’ utilization of software to assist in this process. Curtailment decisions require cross-department collaboration and access to data within the different upstream...

Through the Lens of a Production Accountant (Part III)

Through the Lens of a Production Accountant
10/19/2020
This post wraps up our series around the importance of hydrocarbon allocations in upstream oil and gas. A typical month in the life of a production accountant (PA) – also commonly referred to as a production analyst – involves activities plus analysis of data that span multiple time...

Three Key Components to Run & Maintain Allocations (Part II)

Three Key Components to Run & Maintain Allocations
09/03/2020
We established what constitutes a hydrocarbon allocation calculation , some of the factors that go into creating an allocation scenario, and how scenarios will vary depending on complexity. When it comes to evaluating and selecting a system to run and maintain allocations, there are three key must-haves: flexibility,...

Allocations Contribute to Production Data as Crux of Upstream Oil & Gas (Part I)

Allocations Contribute to Production Data as Crux of Upstream Oil & Gas
08/03/2020
Accurate, timely, and thorough production data is the lifeblood of all oil and gas organizations with nearly every discipline and department relying on it to make decisions. Ensuring hydrocarbon allocations are accurate is an important, sometimes elaborate, responsibility that feeds this production data set. There are multiple consumers...

Why it Pays to Closely Track the Reasons for Well Downtime

Why it Pays to Closely Track the Reasons for Well Downtime
05/19/2020
A look at how 20 operators monitor downtime + ways to minimize unplanned downtime Detailed tracking of the reasons why a well is down for any period of time provides valuable, time-sensitive insight into the necessary remediation measures an operator should take to get the well back onto...

Low Oil Prices and COVID-19 Accelerate Digital Transformation in Upstream Oil and Gas

Low Oil Prices and COVID-19 Accelerate Digital Transformation in Upstream Oil and Gas
05/12/2020
As OPEC was increasing supply and driving down oil prices, the coronavirus was simultaneously setting in and reducing demand. The two have had earth-shattering impacts on upstream oil and gas, including the challenges of working from home and social distancing in the field, and more starkly, cutting drilling...

Updated: How Data Validation and Integration Can Help Upstream Firms Operate More Efficiently and Lower Expenses

How Data Validation and Integration Can Help Upstream Firms Operate More Efficiently and Lower Expenses
04/27/2020
Accurate, connected data enables every department across the enterprise to focus on profit-boosting activities In times of high or low oil prices, it is paramount for upstream oil and gas companies to understand the importance of data and its effect on operational goals. With vast amounts of data...

Updated: How to Improve Your Hydrocarbon Allocations in 5 Easy Steps

Updated: How to Improve Your Hydrocarbon Allocations in 5 Easy Steps
01/27/2020
Production accounting should be a top priority for every upstream oil and gas organization. It could even be argued that production accounting is the heartbeat of each of these companies. This statement certainly isn’t meant to minimize the many other E&P disciplines, only to highlight the significance of...

Production Data: The Lifeblood of an Upstream Oil & Gas Organization

Production Data: The Lifeblood of an Upstream Oil & Gas Organization
11/07/2019
When production data doesn’t flow, almost everyone in an upstream oil and gas company knows it and is affected by it. This data is the bedrock for so many others to do their jobs, make critical business decisions, and ensure healthy operations. When there’s a breakdown or lapse,...