3 Benefits of Allocations
For an organization within the oil and gas industry, the importance of managing and reporting your financial and production data is paramount. Since Critical Control Energy Services is in the allocations business, here are 3 benefits allocations can provide for you.
Streamline Big Data
Allocations is an ongoing process based on flow or volume measurements, and gives the distribution of contributing sources, often with a final calculation per day. In the United States, it’s commonly referred to as Allocations, whereas in Canada, it’s known as Production Accounting.
Our software solutions assist in recognizing public and private data, allowing you to gather and support larger quantities of data that could otherwise be lost. From digitizing chart readers to scheduling meter calibrations, we take care of streamlining your operations so that you can focus on what you do best—producing more hydrocarbons!
Reduce Inaccuracies
Although most people don’t dream about their production numbers, they may have nightmares about having to do their work all over again because the information they used was incorrect.
Using the latest in artificial intelligence, ProStream streamlines volume editing and volume statement delivery, allowing you to focus on the exceptions. Using state-of-the-art predictive analytics, ProStream not only identifies data points that diverge from the standard, it gives you probable causes, rapid corrections, and a full audit trail.
Use Powerful Tools
A growing and thriving business needs the right tools to ensure its success. With our ProStream software, allocating hydrocarbons is simple! It’s both quick to build and easy to maintain. From simple wells to complex midstream assets, Critical Control Energy Services is passionate about providing the cloud-based software you need to improve your oil and gas operations.
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