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...
Blog
Accessible Technologies Fuel Adaptable Land Teams
03/23/2020
A Look at How Cloud-Based Systems Help Land Management Teams Thrive Did you know that between 2005 and 2017, there was a 159% increase in remote work? (Global Workplace Analytics & FlexJobs) Today, nearly every industry employs people who work offsite, away from HQ, or at home, and...
Deriving Value From Your BPO Reports
03/17/2020
Reporting on data is critical in any industry. For oil and gas companies, reporting on various aspects of your business is mandatory in keeping the entire operation up and running. After all, without good data, it’s hard to know whether current practices are meeting the demands of those...
Setting the Record Straight: P2 iLandMan
03/13/2020
An article was recently published comparing oil and gas land systems, and while we are honored to be included, the article was published with a few errors. We thought we’d take this opportunity to set the record straight and divulge more detail – accurate detail – as it...
Optimizing the Financial Close Process Through Smart Reporting
02/24/2020
There are many ways to manage the financial close process; it’s certainly not a one-size-fits-all approach. What is uniform in most cases, however, is that a sophisticated reporting tool can significantly improve the process to verify data and make it easier. A Common Accounting Scenario Because oil and...
Attention P2 IDEAS Customers: UK Leading Digital Tax Transformation & Making Tax Digital for VAT
02/03/2020
Her Majesty’s Revenue and Customs (HMRC) “Making Tax Digital for VAT” deadline is fast approaching. As stated in the HMRC’s stakeholder communications pack , “From April 2020, data must be exchanged digitally between all software used by a business for VAT.” This is part of the HMRC’s larger...
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...
How To: 3 Ways to Escalate an Urgent Case at P2
01/15/2020
Thank you for trusting your business operations to P2 Energy Solutions. We are committed to providing outstanding support to our valued customers. As part of P2’s Customer First program, our aim is to exceed your expectations throughout every interaction. We also want the process of contacting support and...
Learn How to Save 30+ Hours/Month During the Revenue Process
12/17/2019
Disparate data is disgruntled data. It’s only valuable to one person at a time, at one specific point in time. Siloed data stored in spreadsheets on someone’s computer is risky because you don't know how old it is, and it may conflict with your up-to-date production data set...
Your Trusted, Behind-the-Scenes Industry Partner, Advocate
12/09/2019
When you’ve made the decision to outsource work – whether it’s regulatory reporting, revenue, joint interest accounting, or AP – you want to ensure the work is not just getting done and getting done right, but that you’ve secured a partner who’s truly invested in your company and...
