Financial Control
The need for detailed analysis and flexible financial reporting in todays Oil and Gas environment is critical. Fluctuating commodity prices, regulatory changes, and supply concerns have forced companies to improve their understanding of their business. The ability to manage cash flows by identifying cost reductions, understanding production outlooks and reducing variances on production and expense estimates is key to a healthy bottom line.
This solution identifies budgeting shortfalls by comparing YTD Volumes, Revenues, Royalties, and OpEx from finance, rolled into a Netback report. Volume estimates are extracted from the economic system to graphically depict against actuals to show histori ...
Production data is extracted from field data and reserves to shows budget variances to align forecast data to historical run rates. The data is graphically presented to illustrates field historical production vs. budget with reserve evaluation forecast pr ...
Sales volumes is compared between Qbyte and PVR based on an accounting period. This solution identifies production variances between estimates and actuals and prioritizes areas of concern between well level variances. This helps create more accurate weekl ...
Complete well list from the corp land and public data sources providing well status and WI% for ARO purposes. This solution optimizes the ARO process by connecting applications and validating well lists.
Capital expenditure extract to excel from financial system. Summary broken down by account and hierarchy level with AFE details provided in a separate tab within Excel.
This solution highlights the budget variance at the field and AFE level. A breakdown of capital into the reporting levels from accounting is compared to the YTD budget.
Capital dollars are extracted from the reserve evolution tool for budgeting and planning for well level detail.
Production, Revenue, Royalty, and OpEx data is extracted from a financial system to view the Netbacks and metrics for multiple assets with detail. The result set appears in a split screen that is utilized for A&D, monthly analytical, budget variance, and ...
Synergy user provides hierarchy level and vendor id to extract detailed gross operating expenses from Qbyte. This solution can be utilized in understanding opx trends, cost overruns or in the budgeting process. Providing the Synergy user with a detailed u ...
This solution provides a comparison of WI% between multiple applications that helps quickly validate data and identify possible revenue recovery.
This solution extracts, prioritizes, and identifies the potential duplicate invoice payments based on a date range. This helps improve the process of analyzing massive amounts of data and identifies payments that can be recovered.
A four-year trend of Production, Revenue, Royalty, and OpEx financial data is shown in hierarchy elements to help identify major trend changes as well as gauge asset performance within your corporation.
Economic and financial production data is compared to the budget and current production forecast to identify well level budget and forecast variances.
This solution extracts invoices from your financial system with GST above or below a user defined threshold. This provides a quality check on invoice data entry.
Production, Revenue, Royalty, OpEx, and Prices is extracted from your financial system to provide a complete netback report broken out by well list or area.
Production, Revenue, Royalty, OpEx, and CapEx actual and budget data is extracted from a financial system. This solution shows a breakdown of budget variances for a selected hierarchy level down to the account level. You can run multiple hierarchy element ...
Financial data is extracted to provide a quarterly YTD Netback Excel report. This solution identifies budget variances and compares asset performance across a corporation by providing a complete netback with pricing for a specific asset or multiple assets ...
A summary netback report is extracted from a financial system into Excel. This solution shows a rollup netback summary by hierarchy to benchmark corporate internal assets and help quickly identify/prioritize areas of concern.add image
Synergy user provides a date range and well list to extract and rollup the financial data by corporate hierarchy elements.