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Hydrocarbon Accounting Software

Hydrocarbon accounting software measures, allocates and balances oil, gas and water volumes from the wellhead to the sales meter. ProdView captures field tickets, well tests, meter readings and tank inventories in one system, then balances those volumes daily, so accounting closes on numbers that were already validated.

Operators run ProdView as the system of record for daily, month-to-date and monthly volumes. One set of numbers reaches operations, engineering and accounting at the same time.

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Pumper entering a tank gauge reading on a tablet at an oil and gas wellsite tank battery

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What Is Hydrocarbon Accounting?

Hydrocarbon accounting is the practice of measuring produced volumes, allocating them across the production network, and reconciling the result against inventory and disposition. It answers three daily questions: what was produced, where did it move, and do the volumes balance?

Meters drift. Tank gauges arrive late. Well tests stop representing current production. Each issue can move an incorrect volume into allocation and reporting if it is not found early.

Oil and gas production data software moves the check forward: capture the measurement where it happens, validate it before allocation, and balance production daily. Operations, engineering, and accounting can review the same validated production record before close.

Where Oil and Gas Production Volumes Go Wrong

The same six jobs, run two ways.

Hydrocarbon accounting: spreadsheet-based workflow compared with ProdView.
JOBSpreadsheets and disconnected systemsProdView
Volume capture

Tickets emailed in, retyped at the office, sometimes twice

Entered once at the site, offline if there is no signal

Measurement checks

Eyeballed, if anyone has time

Meter configs, calibration and edit rules run before allocation

Allocation

A workbook one analyst understands

Configured against a date-effective production flow network

Balancing

Monthly, after the fact

Daily, with thresholds that flag the outlier

Finding a discrepancy

Found late in close, with the source unclear

Flagged during daily validation with a traceable source record

Regulatory submission

Rebuilt per jurisdiction, per cycle

Generated from the volumes already balanced

How Hydrocarbon Accounting Works in ProdView

A volume leaves the wellhead and ends up on a regulatory report. These are the checks it passes on the way.

  1. Capture at the source

    Field tickets, well tests, meter readings and tank gauges go in once, either on a phone at the site with ProdView Go or automatically from SCADA and historians.

  2. Validate the measurement

    Meter configurations, calibration records and edit rules check the reading before it allocates. A reading outside tolerance is held at entry.

  3. Allocate across the network

    ProdView models physical flow from wells through gathering and disposition, then applies configured well-test, theoretical, or back-allocation methods across the production network.

  4. Balance every day

    Production, injection, inventory, and disposition volumes balance daily. Variance thresholds flag outliers so teams can investigate before close.

  5. Report and submit

    Validated and balanced production data supports 50+ regulatory reports across 20+ jurisdictions, along with partner and enterprise reporting workflows.

Field operator walking toward a pumpjack and tank battery at an oil and gas production site

Oil and Gas Field Data Capture. Entered Once, at the Site

The numbers on this page start on a lease road. Pumpers record tickets, gauges and well tests in ProdView Go, offline if there is no signal, and the same reading flows through allocation, balancing and the report without being retyped.

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Closing the Month on Validated Volumes

A representative multi-asset production accounting workflow.

Challenge

Daily volumes arrived through field spreadsheets, emailed tickets, and delayed exports. Operations and accounting worked from different numbers, and discrepancies were often found late in the reporting cycle. Teams had to trace tank gauges, meter readings, and well tests by hand when they should have been validating the close.

Solution

The operator moved field capture, meter data, allocation, and balancing into ProdView. Pumpers record tickets, gauges, and well tests through mobile field workflows, while SCADA and data historians can supply measurements automatically. ProdView models the physical production network and applies configured allocation and variance rules before reporting.

Outcome

Daily balancing flags discrepancies earlier and keeps the supporting source records available for review. Month-end starts from production volumes the team has already validated.

  • Operations and accounting review the same production record
  • Regulatory reports use validated and balanced volumes
  • Source tickets, gauges, and meter readings remain available for review

ProdView: Production Accounting Software for Oil and Gas

ProdView is the production data system of record: capture, allocation, balancing and regulatory reporting in one place.

ProdView

Field data capture, allocation, daily balancing, downtime and regulatory reporting across the production data lifecycle, from the pumper’s phone to the submitted report.

  • Daily and month-to-date volume balancing
  • Date-effective production network and allocation workflows
  • Meter, calibration and measurement records
  • Well tests, tank inventory and injection
  • 50+ regulatory reports, 20+ jurisdictions
  • Audit trail from report back to reading
Explore ProdViewSee It on Your Volumes

Hydrocarbon Accounting Questions

What is hydrocarbon accounting software?

Hydrocarbon accounting software measures, allocates and balances oil, gas and water volumes from the wellhead to the sales meter. It holds field measurements, allocation methods and inventory in one system so every volume can be traced back to the reading it came from. Reports to regulators, partners and owners come off the same validated numbers.

What is the difference between hydrocarbon accounting and production accounting?

The two overlap. Hydrocarbon accounting is the measurement side: metering, allocation, balancing and reconciliation of physical volumes. Production accounting usually extends into the financial side, covering revenue, royalties, owner statements and joint interest billing. Both depend on the same trusted daily volumes, which is what ProdView produces.

How does ProdView allocate production volumes?

ProdView models physical flow from wells through gathering and disposition, then allocates measured volumes across the network. Configured methods can use well tests, theoretical rates, or back-allocation from measured disposition volumes, with date-effective network and allocation logic retained for auditability.

Which regulatory reports can ProdView produce?

ProdView supports 50+ state, federal, and environmental agency reports across 20+ jurisdictions. The reports use the production data captured, validated, allocated, and balanced in ProdView.

Can ProdView replace spreadsheets for daily volume balancing?

ProdView reduces dependence on spreadsheets by keeping field tickets, well tests, meter readings, tank inventories, allocation rules, variance thresholds, and daily balances in the production system. Supporting source records remain available when teams investigate a discrepancy or review the close.

Does hydrocarbon accounting data connect to well and land data?

The Peloton Platform brings well, production, and land data into one secure SaaS environment. WellView supplies the well record used across operations, ProdView manages production volumes and reporting, and LandView manages agreements, ownership history, payments, and obligations.

See Hydrocarbon Accounting in Action

See how ProdView manages production data from field capture through allocation, balancing and regulatory reporting.

Request a Hydrocarbon Accounting Demo

A Peloton specialist will follow up to schedule.