Over the last few months, I got the opportunity to meet scores of production accountants and analysts from the top Permian Oil and Gas players, during my weekly Open Office hours. Most of their challenges and queries are similar.
Foremen need accurate daily allocations at the beginning of each day. And production analysts cannot afford to spend half their day tracking down data exceptions with lease operators. Here is a list of common questions they ask around how JOYN Production Allocation ((Upstream Oil & Gas Production Accounting) software can help them manage production in a much more efficient and cost-effective way.
The answer is in how we designed it. JOYN is focussed on your business, allowing the ‘Pump by Exception’ philosophy permeates all levels of the organization, from the field to the back office to management. It provides a way for all users to contribute directly to the bottom line of the company.
JOYN Production Allocation allows you to capture a wide variety of data from production-specific data to EH&S forms. Further, this data can be integrated back to almost any system.
This allows your users to manage and maintain all their data entry in one place w/o having to switch between devices or learning new production accounting software.
The key thing is to ensure that as soon as data is captured in the field the data is allocated by well and that data is made available to an algorithm engine that runs frequently enough to generate an exception to help prioritize the well for a pumper.
Absolutely, it is as easy as writing MS Excel formulae to setup how to prioritize certain items. For example, prioritize Tank Volume at 80% OR a well that just went down OR a well that produced way less than it’s supposed to.
You have the power and the flexibility to model almost any scenario.
By helping the entire organization focus on pump by exception, JOYN allows all parts of your company to contribute positively to production optimization and overall efficiency.
Quickly and painlessly. We provide along with implementation, a migration path for data from your legacy system to our system. This allows even data like network information to be translated easily.
We are in the process of designing & developing a monthly allocation system on top of our cutting edge daily allocations system. We expect it to be market-ready in the next 6-8 months.
Have more questions on Production Allocation or Oil & Gas Production Accounting? Feel free to reach out to me.
Here is the demo video of JOYN Production Allocation