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Turning Insight Into Action P2 Workflow offers industry-leading workflow capabilities with P2-delivered, oil and gas-specific business processes built on P2’s applications. Streamline Your Business Targeted Workflows Workflow www.p2energysolutions.com Marketing Election Change New Entitlement Notification New Product Notification New Well Drilled Notification Revenue Close Documents Owner Relations First Production Notice DO Status Payout Well To Be Drilled Title Completed Ownership Change Well Status Change Reg Communication Non-Consent AFE Balloting Acreage Change Business Associates Lease Rental Payment Notice For Accounting Components New TMPs New APCs

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Page 1: Turning Insight Into Action Streamline Your Business · 2018-05-01 · Turning Insight Into Action P2 Workflow offers industry-leading workflow capabilities with P2-delivered, oil

Turning Insight Into ActionP2 Workflow offers industry-leading workflow capabilities with P2-delivered, oil and gas-specific business processes built on P2’s applications.

Streamline Your Business

Targeted Workflows

Workflow

www.p2energysolutions.com

• Marketing Election Change

• New Entitlement Notification

• New Product Notification

• New Well Drilled Notification

• Revenue Close Documents

• Owner Relations

• First Production Notice

• DO Status

• Payout

• Well To Be Drilled

• Title Completed

• Ownership Change

• Well Status Change

• Reg Communication

• Non-Consent

• AFE Balloting

• Acreage Change

• Business Associates

• Lease Rental Payment Notice For Accounting

• Components

• New TMPs

• New APCs

Page 2: Turning Insight Into Action Streamline Your Business · 2018-05-01 · Turning Insight Into Action P2 Workflow offers industry-leading workflow capabilities with P2-delivered, oil

Initial Division Order WorkflowWhen a new well is drilled, the DO team has limited time to finalize the DOI and provide to revenue for distribution.

This workflow starts at first production date and tracks the documents to the title attorney through approval of final DO and DOI.

Workflow steps:

• Well spud entered for a well – kicks off workflow

• At first production – emails division order analyst to begin process to gather documentation and select the title attorney

• Documents sent to title attorney

• When title opinion is returned, it is scanned and associated with workflow and data is entered in the system

• Division Order is created using P2 Reporting and distributed to partners

• Division Order is circulated for approval and all documents and details saved in workflow for audit

• Final DOI sent to revenue

Workflow

www.p2energysolutions.com

Contact P2 Energy Solutions, [email protected], for more information or for a demonstration.

EMPOWERING THE PEOPLE WHO POWER THE WORLD

P2 Workflow’s prepackaged workflows save oil and gas teams time and effort and may be customized to meet companies’ unique business needs and requirements.