Case Study: a top 10 U.S. oil and gas producer adds NGL accounting capabilities with P2 Merrick from P2 Energy Solutions

Top 10 U.S Oil & Gas Producer - Customer Case Study

A top 10 U.S. oil and gas producer needed to quickly add natural gas liquids (NGL) capabilities to its production accounting process for more than 1,000 gas wells. The company wanted daily and monthly reporting on gross and net barrel of oil equivalent by well, with detailed component breakdowns for condensate, ethane, propane, iso-butane, normal butane, and natural gasoline, all within a 90-day deadline. It turned to P2 Energy Solutions and its P2 Merrick production accounting software to meet the requirement.

P2 Energy Solutions delivered the new P2 Merrick functionality in just one week, including a workflow that used field measurement data to automatically calculate additional gas components delivered to the plant. This allowed the operator to fully test and implement the solution one month ahead of schedule, improving the speed and accuracy of revenue accrual forecasting and regulatory volume reconciliation. The result was faster, more reliable production reporting and better overall business performance.