The Production Operations component is used to manage field assets that are producing, producible, or capable of handling production, and other investments. The scope includes Wells/Zones, Batteries, Gathering & Processing facilities, Pipelines, Plants and other field assets.
Highlights:
- Property profile, revenue, royalties, operating expense
- Customer-defined accounting parameters and defaults
- Lifecycle history from spud date to abandonment
- Full-function planning, budgeting, and forecasting tools
- Capital Investment analysis
- Historical performance: Accounting and Production month values – volumes and dollars, both gross and net values
- Access to related agreements, mineral and surface rights, investment to date
- Full suite of reporting – performance, forecasting, and audit
- Property and Project payout reports
- Integrated dashboard to access performance, with user-defined performance indicators
- Ad hoc query and reporting that does not require a computer programmer to use
