AI Production Accounting
Connect the barrels to the dollars.
The Production Accounting agent reconciles physical production with the financial records generated by selling and operating those barrels.
No contract. Cancel anytime.
Capabilities
What it does
The AI Production Accounting agent can:
- Reconcile tank gauges, run tickets, reported production, and sales volumes
- Identify volume discrepancies and missing records
- Reconcile purchaser statements against production and disposition records
- Track revenue by well and lease
- Allocate shared production and costs where appropriate
- Support working-interest and joint-interest accounting
- Prepare joint-interest billing workflows
- Support royalty and revenue reconciliation
- Identify unusual operating costs and accounting discrepancies
- Calculate and monitor LOE and other well-level economic metrics
- Help operators understand the actual profitability of individual wells and leases
The result is a clearer connection between what came out of the ground and what showed up financially.
Physical record
Start with the physical record
- What was gauged?
- What was hauled?
- What was reported?
- What was sold?
- What did the purchaser statement say?
Production Accounting can compare those records and identify where the physical and financial stories do not line up.
Well economics
Understand the well economically
Production alone does not tell the operator whether a well is working economically.
- Revenue.
- Operating costs.
- Shared costs.
- LOE.
- Intervention cost.
- Production response.
Wellsite brings those records closer to the operating history so the operator can understand what an individual well or lease is actually doing.
Outcomes
Measure the economics of work
When an intervention begins with a recommendation and ends with a measured production response, Production Accounting can add the actual financial result.
- What did the job cost?
- What production came back?
- How did the economics change?
That connects the engineering case to the realized business outcome.