|Property Management Logistics Solution|
The upstream oil and gas industry is complex and continually shifting. Property ownership changing hands, well production adjustments based on fluctuating demand, and volatile commodity prices all contribute to the challenges Exploration and Production (E&P) companies face. The management of properties coming on line mid month, working interest owners going non-consent, and a large amount of information that needs to be captured completely and quickly can also be cumbersome to a company’s business process efficiencies. To maximize profitability, E&P companies and first purchasers require accurate production forecasts that are streamlined directly to marketing.
Allegro’s enhanced Property 8.1 component provides a real-time solution to manage all information necessary to succeed in this complex environment. Allegro delivers a simplified way of managing property data, division orders, interest owners, conveyances and production forecasts for upstream producers and first purchasers of oil, gas and NGLs. The component also offers the flexibility to integrate directly with current field data, division of interest data and existing ERP systems to ensure automated, accurate, and efficient use of existing data.
Producer companies and first purchasers now have all the tools to manage forecasted production volumes, proper division of marketing arrangements and have instantaneous and accurate visibility into marketable product. Now, with the new graphical display of the gathering system, companies can gain a clear picture of product streaming from the property level to the main pipeline. In addition, Allegro’s Property 8.1 component facilitates functional processes directly into the Equity Production component, such as interest owner gas balancing and capturing and actualizing production quantities.