Expert Analysts
Leverage our team of highly skilled expert production analysts.
Progressive Consulting offers specialized expertise in oil and gas production reporting to regulatory agencies. Production accounting is a crucial procedure encompassing the measurement, tracking, and distribution of oil, gas, and water production quantities from wells and facilities. Our team of analysts ensures that your monthly filings are complete, timely, and accurate.
The areas of services include, but are not limited to:
- Supporting monthly production close duties, and reconciling oil/gas purchaser statements
- Month end production reporting to state and federal agencies
- Daily production checks to ensure a smooth monthly close
- BLM audits and written orders
- ONRR audits and preliminary determination letter resolutions with Revenue team
- Assist with internal audits and implement internal workflows
- Prepare various production reports to distribute to internal and external interests (monthly accruals, partner reports, non-operated, etc.)
- Monthly variance analysis
- New pad setups
- Integrating acquired assets into Procount
- Training Lease Operators on eVin entry
- Resolving complicated allocation issues
- P2 Merrick Suite (Procount, Carte, eVin, Field Operator, PetroRegs, P2 Reporting, etc.)
- Communication with field personnel on data entry, variances, missing information, etc.
- Communicate with regulatory and revenue groups to promote cohesive reporting
- Setup and configuration of new and existing facilities/pads
Production Audit
Oil and gas production audits refer to comprehensive examinations of the processes, data, and records associated with the extraction and production of oil and natural gas resources. These audits are conducted to ensure accuracy, compliance with regulations, and accountability in the reporting of production volumes, revenues, and associated costs.
During our oil and gas production audit, we carefully review various aspects of the production operations, which may include:
- Data Accuracy: Verify the accuracy of the reported production data, ensuring that the measurements and calculations are accurate.
- Measurement Systems: The accuracy of measurement equipment used to quantify the amounts of oil, gas, and water extracted is assessed to prevent inaccuracies and discrepancies.
- Recordkeeping: Companies are expected to maintain detailed records of production activities, including well tests, meter readings, and other relevant data. We will review these records to confirm their completeness and consistency.
- Regulatory Compliance: We ensure that production operations adhere to applicable regulatory requirements, reporting guidelines, and environmental standards.
The purpose of these audits is to validate the integrity of the reported production volumes to the regulatory agencies, stakeholders and internal company personnel while maintaining compliance with all government agencies.
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