Oil and Gas Production Accounting

ProCount Overview

ProCount is Merrick Systems' comprehensive, hydrocarbon accounting solution for industry standard reports, including daily and monthly production accounting and allocations, daily operations, and management and partner reporting.

Addressing complex allocation requirements for oil and gas companies operating onshore, offshore, domestic and international, ProCount allocates volumes in near real time to give your entire organization — from accounting, engineering and management to field operations — the production, sales, fuel usage and other accounting information required for running your business more efficiently.

Daily field volumes are available in ProCount as they are entered and sent, enabling key business decisions to be made sooner. Its daily and monthly volume reconciling capability results in fewer surprises at the end of the month.

The ProCount oil and gas production accounting software handles even the most complicated allocations, including mixed units for domestic and international use, with the highest accuracy that is critical for regulatory compliance, partner accounting and better engineering and asset management.

ProCount Highlights

Faster & Easier to Use

• Templates enable quick set up of wells, meters, tanks and equipment
• Integrate commercial revenue and financial systems including economics and engineering
• Import functionality from third party sources such as SCADA and IHS
• Tailor screens, fields and formulas for company specific allocations and workflows
• Scalability enables management of daily allocations for more than 20,000 wells

Higher Reliability & Quality

• Allocations measure by volumes, BTU's and NGL analysis
• Auditability and traceability for Sarbanes-Oxley compliance
• Validation rules for quality assurance and error checking comply with Sarbanes-Oxley
• Built-in regulatory filing for key production states and MMS
• Daily and monthly volume reconciling

Low Cost of Ownership

• Open architecture works with existing solutions