EnergyCONNECT

P2 BOLO is an industry-leading accounting solution in upstream oil and gas that helps U.S. E&P companies improve efficiencies and achieve greater value for complex accounting operations. P2 BOLO processes more transactions every day than most other upstream software providers process each year. Shared ownership and joint ventures create special challenges for oil and gas accounting. P2 BOLO’s Accounting Module gives you full visibility into revenue accounting, allocation and valuation, accounts payable/receivable, joint interest billing, and much more. Superior asset management can make a meaningful difference in project profitability. P2 BOLO Asset and Tax Management reduces the risks inherent in tracking assets at producing and non-producing properties and calculating DD&A (Depletion, Depreciation, and Amortization). Able to manage hundreds or tens of thousands of properties as your organization grows.

The price of oil is volatile but the accuracy of your project costs should not be. Resource Energy Solutions' Authorization for Expenditure (AFE) Manager is designed to streamline budget creation, and facilitate cost tracking and expenditure approvals. AFEs can be generated quickly by using standardized drop-down menus, copy and pasting from spreadsheets, and linking electronic supporting documents. With AFE Manager's ability to adapt spending authorization to your company's hierarchical structure, protect yourself from cost overruns and unauthorized spending. Easily manage information for joint operating ventures. Wellman integrates with AFE Manager, combining to form an end-to-end system covering all the activities of in-field cost tracking, budgeting, and expenditure authorization procedures during the entire life cycle of the project. It helps identify bottlenecks and gives management the information needed to take action quickly.