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Submitted URL: http://www2.p2energysolutions.com/NjczLVJSSC02NDIAAAGIlketyOvJatoEWRpVe1lg6IXrJkTGzLEBmgQl3sLW2Vr6t73PW_drOIihgIJMjhAyBwxpaeQ=
Effective URL: https://www.p2energysolutions.com/blog/oil-and-gas-production?mkt_tok=NjczLVJSSC02NDIAAAGIlketyJIsdztCmW2tZGzoA165EhRC72iW47seO7qv...
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BLOG | OIL AND GAS PRODUCTION


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...
#Oil and Gas Production #P2 Merrick

--------------------------------------------------------------------------------


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...
#Oil and Gas Production

--------------------------------------------------------------------------------


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...
#Oil and Gas Production

--------------------------------------------------------------------------------


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...
#Oil and Gas Land #Oil and Gas Accounting #Oil and Gas Production

--------------------------------------------------------------------------------


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...
#Oil and Gas Land #Oil and Gas Accounting #Oil and Gas Production

--------------------------------------------------------------------------------


THROUGH THE LENS OF A PRODUCTION ACCOUNTANT (PART III)


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...
#Oil and Gas Production

--------------------------------------------------------------------------------


THREE KEY COMPONENTS TO RUN & MAINTAIN ALLOCATIONS (PART II)


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,...
#Oil and Gas Production

--------------------------------------------------------------------------------


ALLOCATIONS CONTRIBUTE TO PRODUCTION DATA AS CRUX OF UPSTREAM OIL & GAS (PART I)


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...
#Oil and Gas Production

--------------------------------------------------------------------------------


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...
#Oil and Gas Production #P2 Merrick

--------------------------------------------------------------------------------


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...
#Oil and Gas Accounting #Oil and Gas Production

--------------------------------------------------------------------------------

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     Intelligent geospatial data solutions that allow users to make critical
     land and lease decisions with confidence and ease.
     
     
     OIL AND GAS LAND MANAGEMENT
     
     Flexible and scalable land software that manages the entire workflow from
     lease acquisition to land administration and divestiture.
     
     
     OIL AND GAS ACCOUNTING
     
     Accounting software designed to simplify complex accounting operations and
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     Industry-leading production software proven to help upstream operators
     boost production, minimize unplanned downtime, cut expenses, and increase
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     RESERVES MANAGEMENT
     
     Effectively accounting for reserves across diverse, changing properties and
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     P2 OIL AND GAS INTEGRATED SOLUTIONS
     
     Designed for upstream workflows to connect the field and back office
     
     
     CANADIAN OIL AND GAS
     
     Land, accounting, and production solutions designed to meet the unique
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     Industry-leading production software proven to help upstream operators
     boost production, minimize unplanned downtime, cut expenses, and increase
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     MINING PRODUCTION SOLUTIONS
     
     Mining production solutions that help maximize labor resources, improve
     efficiencies, and ensure the effectiveness of your supply chain from pit to
     ship.
     
     
     THE POWER OF P2
     
     Streamlined workflows and automated business processes. Improved accuracy.
     Lower OPEX. Higher profitability. That’s the Power of P2.
 * Products
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     CUSTOM MAPPING
     
     Custom Mapping provides a high level of accuracy in digital or hardcopy
     format
     
     
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     Flexible learning certified instructors at your location or ours
     
     
     IMPLEMENTATION
     
     P2’s implementation and support services are delivered by dedicated subject
     matter experts who focus exclusively on the oil and gas industry.
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