P2's 5 core beliefs were born out of a grassroots, employee-driven effort At P2 we define our culture by The P2 Way. What is it? It’s a set of 5 belief statements about how we interact with our employees and customers. A lot of companies have belief statements,...
Blog
How to Find Opportunity in NGL Complexities
05/08/2015
For oil and gas operators, properly managing NGLs can lead to better operational decision-making and healthier profits A natural gas is a natural gas is a natural gas, right? Well, not exactly. Nothing revolutionary here, but different gases serve different purposes and fetch different prices. The latter part...
5-Step Process for Ensuring That Your Purchasers Are Paying You Correctly
05/07/2015
Why upstream companies should record their revenue transactions from the contract detail and their production volumes How do I know that I'm being paid correctly for what I've produced and sold? In my 30-plus years in upstream oil and gas, I can’t tell you how many times I’ve...
Oil & Gas Invoicing: How to Make It a Time- and Money-Friendly Process
04/24/2015
Electronic workflows and automated processes help upstream teams work at a higher level. If you had to guess, what percentage of businesses’ vendor-invoice activities today is handled via paper? Thirty percent? Thirty-five? Forty? Fifty? Actually, according to the business intelligence research provider Aberdeen Group, that number is 77...
The Case for a Data-Exchange Standard in Upstream Oil & Gas
04/21/2015
Companies benefit in a big way when production standards are created and used The topic of Big Data is at the center of many an oil and gas conversation these days. Without question, in the data-thick environment that is upstream oil and gas, companies must be able to...
Stressing Out Over Your Project Costs? You're Not Alone
04/15/2015
Cost visibility and control can be a competitive advantage for upstream oil and gas companies When we think about AFE management , we break it into two parts: effectively managing the workflow and approval process and cost control throughout the project. Today, let's address project cost control. How...
Are You Doing These Things to Reduce Unplanned Oil and Gas Downtime?
04/14/2015
For upstream operators, minimizing downtime events and increasing free cash flow go hand in hand What everyone in today’s challenging upstream oil and gas environment wants to know is this: How can we increase our revenues and free cash flow? One key way is to increase production from...
How to Increase Oil & Gas Production in Two Steps
04/13/2015
Recent study shows that upstream firms use a small percentage of the data available to them This is the second in a series of six blog posts that covers the six key ways for upstream oil and gas companies to adapt to today’s low-price environment . This post...
Excalibur Receives 80 Enhancements … And That’s No April Fool’s Joke
04/01/2015
Details on upcoming Excalibur User Group in Denver below When we lift the curtain on Excalibur 8.2 later this month, behind it will be an improved solution that helps you complete many of your most important tasks using less time and fewer steps. Better functionality, 80 enhancements, 200...
Are You Getting the Most Value out of Your BOLO Solution?
03/27/2015
BOLO 13.0’s new enhancements help simplify many important accounting and land tasks It’s been estimated that software users, upstream oil and gas professionals included, use just 20 percent of whatever software it is that they have. Twenty percent . That’s a lot of untapped features and functions. And...
