Key Customer Benefits July 29, 2021

New Features Released:

  • Production Allocations
    • Net Sales Allocations for inventory products
  • Analytics
    • California OG110B – Monthly Injection Regulatory Report

How does this release benefit our customers?

Load large amounts of Master data and Transaction data

Production accountants want a method to allocate gross as well as net sales volumes if and when needed. We created a capability for the user to configure the reading sources which capture Net Sales, to allocate them back to the wells in the same proportion in which gross sales volumes of those transactions were allocated back to the wells. This allows the user to generate Net Sales allocated results without the need for any post processing, while allowing the tank inventories to transact in gross volumes.

Allocation Config with Net Sales ( Oil) configured

Assign Volume Sources for Net Sales (Oil)

Net Sales on Canvas

Net Sales Daily Allocated Results

California OG110B – Monthly Injection Regulatory Report

Production Accountants needed the ability to generate OG110B report for the state of California. We provided the capability to directly generate and download the OG110B regulatory report without the any manual intervention. This allows the user to download the report without any extra effort significantly reducing the time taken to accomplish.

Regulatory Reports

California OG110B Regulatory Report