With this new solution, time spent on field data capture and reporting activities can be reduced by 40% or more

Team anticipates efficiency improvements from the field all the way through to the reporting process

When companies begin to see data as an operational differentiator, they’re ready to advance to the Proactive level

This is the second in a five-part series about the Production Capability Maturity Model for upstream oil and gas companies. This blog covers the Reactive-to-Proactive transition and why upstream organizations make it.

Recognizing the need for a connected field and back office is the tipping point for the upward move

This is the first in a five-part series about the Production Capability Maturity Model for upstream oil and gas companies. This blog covers the Ad Hoc-to-Reactive jump and why upstream organizations make it.

Imagine…

Production accounting should be a top priority for every upstream oil and gas organization

It could be argued that production accounting is the heartbeat of every upstream oil and gas company.

Those words certainly aren’t meant to minimize the many other E&P disciplines, only to highlight the significance of hydrocarbon allocations.

The key for upstream oil and gas companies is to focus on streamlined processes and industry best practices

Mention the words “run tickets” to a production or revenue accountant and, well, I’d be willing to bet you won’t have him or her doing cartwheels.