P.O Box 863, Lafayette, CO 80026
Production ReportingThe production accounting software our team works in, from field entry to agency filing
The production accounting software our team works in

The production accounting software our team works in, from field entry to agency filing

By: Blythe Hart (Befus) · October 2026

Month-end close starts in the field. Gauge readings, run tickets, and meter data flow into a production system, get allocated back to each well, and end up on state production reports and the OGOR. When any link in that chain breaks, the error shows up weeks later as a variance nobody can explain.

Our production team works on the following pieces of the production close process: facility setup, daily and monthly allocation checks, allocation network setups, purchaser reconciliations, and agency reporting. For operators not yet on a production system, we build spreadsheet templates that do the same job.

Systems at a glance

IFS Merrick P2 Suite

Production modules we set up, run, and support
ProCountAllocation engine and facility setups
eVinField data entry
Field OperatorField data entry
CarteFinal allocated data and report building
RegsInterface / PetroRegsRegulatory mapping and final output
P2 ReportingIFS's newest reporting tool

Peloton ProdView

Month-end close through final reporting
Ticket corrections
Meter corrections
Tank reconciliation
Allocations and exceptions
Regulatory and custom reports
Well setup tables

Spreadsheet templates

For operators not yet on a production system
Gauge sheetsField data
Tank inventoryProduction and inventory
Pad allocationMulti-well pads
Reporting templatesMonth-end files

Quorum

Production side of the Quorum platform
On Demand ProductionFormerly Field Insights

How we work in each system

What our analysts actually do in each platform, and the reports it feeds.

IFS Merrick P2 Suite

ProCount, Carte, eVin, Field Operator, RegsInterface/PetroRegs, P2 Reporting
Best fit: Operators with a large well count
WHAT WE DO IN IT
Set up and configure new and existing facilities and pads
Integrate and upgrade assets into ProCount
Resolve errors in the new allocation engine
Build complex formula meters
Train lease operators on eVin and Field Operator entry
Set up regulatory mapping in PetroRegs
FEEDS
State production reportsONRR OGORPurchaser reconciliationsRevenue accrualsNon-op partners

Peloton ProdView

Peloton
Best fit: Operators with large well counts and data organized into various table formats
WHAT WE DO IN IT
Reconcile purchaser statements
Enter ticket and meter corrections
Resolve allocation exceptions
Maintain well setup tables
Set up network mapping for regulatory reporting
FEEDS
State production reportsONRR OGORPurchaser reconciliationsRevenue accrualsNon-op partners

Spreadsheet templates

Built for the client
Best fit: Small and mid-size operators not yet committed to a production system
WHAT WE DO IN IT
Create gauge sheet templates
Calculate tank inventories and production
Track days producing
Reconcile oil and gas purchaser statements
Allocate production, sales, and inventory on multi-well pads
FEEDS
State production reportsONRR OGORPurchaser reconciliationsRevenue accrualsNon-op partners

Quorum On Demand Production

Formerly Field Insights
Best fit: Operators with small to mid-size assets
WHAT WE DO IN IT
Set up allocation networks
Run final allocations
Reconcile purchaser statements
Map wells for regulatory reporting
Deliver final reporting to revenue groups and agencies
FEEDS
State production reportsONRR OGORReports to revenuePurchaser reconciliationsNon-op partners

Where each system shines

Every platform has tasks it handles especially well. Here's where our analysts see each one at its best.

IFS ProCount

SHINES AT
Daily and monthly production checks
Well, regulatory, and report setups
New wells and flow network changes

Peloton ProdView

SHINES AT
Statement reconciliation and upload
Allocations and allocation errors
Regulatory filing exports

Spreadsheet templates

SHINES AT
Statement reconciliation
Simple allocations on multi-well pads
Flexible setup as wells come online

Quorum On Demand

SHINES AT
Daily and monthly production checks
Regulatory filing exports
Well, regulatory, and report setups
Whatever system you're on, our team knows its strengths and how to work around its limits, so your close runs smoothly either way.

Where the data ends up

Whatever system it starts in, production data has to land on the right agency form every month. These are the reports we prepare and file.

COECMC

Form 7/7W · Form 47 · Form 10

TXRailroad Commission

PR · P-18 · R-3 · G-10 · W-10

NMOil Conservation Division

C-115

WYWOGCC

Form 2

OKCorporation Commission

Form 1012 (annual) · 1012D (weekly) · Sales reporting verified with OTC

NDIndustrial Commission

Form 5/5B · 16 · 11 · 17

SDDANR

Form 5 · 5A

NENOGCC

Form 7A · 11 SWD · 11 EOR

MTBoard of Oil & Gas

Form 5 · 6

UTDOGM

Form 10 · 11 · 13A/13B · UIC 3

LADENR

OGP · R5D

OHDivision of Oil & Gas

Form 10-H (quarterly) · 10 (annual)

MIEGLE

EQP 7101/7101A

KSKCC

CG-7/7A · C-5 · U3C

INDNR Oil & Gas

Form 56442 (annual)

FEDERALONRR

OGOR preparation, audits, and cleanup

Switching systems or acquiring assets?

A transition is the riskiest month in your reporting calendar. We audit what came before and rebuild it cleanly.

01Audit prior reporting

Review what the previous operator filed with agencies

02Set up facilities

Batteries, pads, and allocation networks in your system

03Initialize inventory

Carry opening tank inventories over from the prior operator

04Audit the allocations

Confirm setups and allocations tie out before the first close in your new system

Questions worth answering before month-end asks them for you

Talk to our production team
Are you being paid correctly? When did someone last reconcile purchaser statements against allocated volumes?
If you acquired wells this year, were the prior operator's agency reports ever audited?
Can anyone besides your current analyst explain the allocation errors your system throws?
Does your OGOR match the ONRR-2014 your revenue team files every month?
Is your field team trained to enter data into your system efficiently and accurately?
Have you audited your allocation networks and equipment setups for accuracy in the field and to agency standards?

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CONTACT US

156-677-124-442-2887