Oil and gas companies require back office software specifically designed for their industry in order to address needs like oil and gas accounting and land records management. Oil and gas back office software also delivers oil and gas reporting for regulatory purposes. By using this type of software, oil and gas companies can monitor financial asset depreciation; manage costing for complex operations like exploration, extraction and production; and track revenue from multiple locations and mineral deposits.
Customer management features aren’t always included which is why integration with CRM software is important. In order to accurately calculate costs and revenues, oil and gas back office software needs to consolidate information from multiple systems such as oil and gas asset management and oil production, as well as payroll and HR for labor costs.
To qualify for inclusion in the Oil and Gas Back Office category, a product must:
Aspen Operations Reconciliation and Accounting software enables timely completion of plant boundary and unit balances. Produces daily reports of plant inventory and overall production numbers.
We provide CTRM/ETRM (Commodity/Energy Trading and Risk Management) software solutions with the main focus on the refined petroleum products market. Our flagship product PetroMan® is an integrated system primarily for trading refined petroleum and NGL ( Natural Gas Liquids ). It covers bulk pipeline trading, risk management, pricing, scheduling, invoicing, inventory,credit and with an interface to back-end financial/ERP systems. PetroMan® also has a comprehensive Rack Marketing module, which covers all aspects of rack marketing including tax calculations.
Oildex's Spendworks is an electronic invoice processing system designed specifically for energy companies. It streamlines the entire invoice handling process , from receipt all the way to approval so you no longer have to manually enter, route, and code paper invoices eliminating the paper chase.
Agile Land Insights is a new breed of artificial intelligence software that has the capability to read words, sentences, and paragraphs just like a human being does. We have taken that amazing capability and trained it to read, think, and process your E&P documents in the same way that you do. ALI separates, classifies, groups, organizes, and analyzes so that you can do what you do best, your job!
Collaboration workflow and regulatory compliance. ALTO Drill™ integrates seamlessly with other key systems and tools that producers use ranging from Excel spreadsheets to commercial industry software as WellSite, SiteView, AFE Navigator, Ready-to-Produce, CS Explorer Great Plains and data management systems. ALTO Drill™ was developed to enable each O&G producer to define their own specific processes and effectively marry them with the industry regulatory and licensing processes required. Software and data management developed to integrate, track and manage the cross-functional workflow from identification of a prospect through to regulatory and in-house approval of formal drilling applications. ALTO Drill™ is a workflow management tool that enables producers to capture, integrate and move data across the key roles and functions involved in completing the approval process to begin drilling. ALTO Drill™: Integrates the drilling application work across geosciences, engineering, accounting, capital management, land and drilling departments, etc. Develops a meaningful company inventory of all “prospects” Ensures the sequence of regulatory and licensing requirements are met every time Enables management to easily view, in real time, progress for each application Captures and maintains all relevant data to be transferred to capital and financial management systems, improving accuracy and reliability Standardizes and improves process transparency
Compliance, transparency and accountability on production work. ALTO Produce™ was developed to enable each O&G producer to define their own specific processes, and effectively marry them with the industry regulatory processes required. ALTO Produce™ captures primary data and reuses it in all downstream applications, e.g. QByte FM, AFE Navigator and PRISM, etc. Software and data management development and designed to identify, integrate, track and manage the cross-functional workflow and data related to any and all production additions and changes including new wells, facilities, meters, schematics, and pipelines, etc. ALTO Produce™ is a workflow management tool that enables producers to capture, integrate and move data and information across the key roles and functions involved in making any changes to production related assets, creating transparency and accountability for each step of the process. ALTO Produce™: Integrates work across field operations, production engineering, production accounting, and construction, etc. Time stamps data and work steps as they are completed, and ensures all wells meet formal requirements prior to being brought on stream. Produces schematic diagrams of additions and changes. Reuses data captured and transfers it to all downstream financial and operations systems.
Archeio Technologies provides a application suite for exploration and production companies to leverage across multiple web and mobile platforms to streamline the collection and management of data for petroleum engineers, geologists, land, and regulatory to make better business decisions.
Accurately and expediently report your current hedge positions against your forecasted future production. Forecast your future cash flow in a variety of commodity price or interest rate environments and through live pricing feeds. Determine your monthly derivative settlements.