Production Accounting

Manage any company or third-party owned commodity, through any mode of processing and logistics, with settlement in any currency. Integrated accounting from end-to-end in Entero ONE.

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The Upstream Advantage with Entero ONE

Upstream oil and gas companies recognize the importance of reliable production accounting, especially in volatile market conditions. Entero® ONE™ (E1) software helps E&P companies effectively manage both operational and accounting activities from a single system. With E1, companies can manage commodities – their own and third party – through any mode of processing and logistics. Settlement can be done in any currency, all in one system.

Improve compliance, reduce errors, and minimize costs with E1. It’s the only end-to-end application without traditional functional modules. providing clarity and reliable results across all primary business functions. E1 eliminates duplicated, fragmented, and conflicting data to deliver real-time information.

The application is designed to easily scale for organizational growth. Save time by setting up data once, with an interactive graphical view for simple modification. Entero ONE makes knowledge transfer more efficient with established controls and desk manuals embedded into system workflows. Sophisticated royalty modeling allows for quick and easy troubleshooting and verification of revenue. The ability to model non-op allocations ensures operator integrity.

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Why E1 for Production Accounting?


  • Monthly production allocations reporting
  • Detailed workflows outlining daily/monthly tasks
  • EPAP and SOX compliant
  • Customizable security access and controls
  • Model all operated and non-operated properties in one system
  • Visual schematic clearly illustrates all production flows from source to end point
  • User configurable allocation rules to deem flow direction by various dimensions
  • Fees on product flows by various dimensions
  • Full auditability down to field level
  • Manage all royalties, including TIK royalties
  • Automated government reporting for Alberta, Saskatchewan, and Manitoba
  • Remote access to the system
  • Configurable for production of any product
  • Track injected products and recovery
  • Condensate reinjection and/or sale
  • Comingled wells
  • Self-fuel and flare consumption
  • Unitization
  • Load fluid automation
  • Automated Crown, Freehold, and GOR royalties (including Take in Kind)
  • Automated accruals, invoicing, payment, and accounting
  • Report different DOI on each product produced
  • Pro-rated batteries/test wells
  • Handle mid-month tie-ins, remote liquids inventory, and return fuel
  • Accurate allocation of meter differences
  • Fully automated flow splits
  • User configurable allocation rules to deem flow direction by various dimensions
  • Fees on product flows by various dimensions
  • Accurate allocation of meter differences
  • Gas liquids extraction, fractionation, and
    distribution
  • Sulfur, water and CO2 processing and distribution
  • Return fuel allocation
  • Flexible modeling for separate production units
  • Operated and non-operated processing
  • Dilbit blending
  • User configurable allocation rules to deem flow direction by various dimensions
  • Fees on product flows by various dimensions
  • Accurate allocation of meter differences
  • Complex contract allocation capability
  • Simultaneous allocations to multiple pipelines
  • Revenue allocation
  • Automated Crown, Freehold, and GOR royalties
    (including Take in Kind)
  • Partner reporting
  • Automated accruals, invoicing, payment, and
    accounting
  • Automated royalty reporting
  • Processing fee statement automation

Entero ONE: Production Accounting

Manage any company or third party owned commodity. Any mode of processing and logistics. Settlement in any currency. Integrated accounting.
All in the E1 system.

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