Recording production volumes at the multi-well gathering or lease level requires the accurate determination of individual well production volume and performance, taking into consideration well tests and downtime. NeoFirma’s production allocation software features an integrated production allocation engine that uses these factors to perform and track allocation at a daily and monthly level so producers always have an accurate understanding of individual well contribution.
Production Allocation Software Features
- Capture multi-well operations data and well tests with NeoFirma FieldApp.
- Easily track, analyze and report well tests over time and run analysis.
- Allocate daily collection points, tank/LACT oil sales and water hauls/metering automatically by well test and downtime.
- Prepare monthly accounting and regulatory reporting at monthly levels by Facility and Lease, including Injection wells.
- Easily integrate production, sales and allocations with leading production accounting packages for reconciliation and accrual.
Oil & Gas Production Software Platform
NeoFirma production allocation software is part of a fully integrated, cloud-based suite of oil & gas production software. Capture allocation data, including multi-well or lease level volumes and well tests, using NeoFirma’s leading field data capture tools, including FieldApp. Our production management software provides flexible options to fit your existing production accounting workflows. The software integrates reports with numerous leading accounting, economics/forecasting, and regulatory applications through pre-configured interfaces, services, and export templates.