- Production data consists of oil produced, oil sold, gas produced, gas sold, water produced, tubing pressure, casing pressure, line pressure, choke size, production method, number of days produced, average daily production, beginning oil inventory and ending oil inventory.
- When entering oil production, the system will figure net or gross barrels
- Inquiries can be made to current and historic production data at any time
- Reports available by investors/owners and operated/non-operated leases
- User selects production period range for summary, price variance and pressure reports
- Variance report compares field production with revenue disbursements by lease
- Quantities produced, automatically transfer to Lease Operating Statements
Production Accounting System

Next: Joint Interest Billing (JIB)