Production accounting should be straightforward. Hydrocarbons come out of the ground, get measured, get allocated, get reported. Simple in theory. In practice, it's one of the most operationally painful workflows in upstream oil and gas.
The volumes don't match. The field data arrives late. The allocations live in a spreadsheet that one person understands. And every month, someone is scrambling to pull together regulatory reports for multiple jurisdictions using data that was never designed to talk to each other.
That's the reality for most operators. And it's exactly the problem that production accounting software is supposed to solve — if it's built right.
What Oil and Gas Production Accounting Software Actually Does
At its core, oil and gas production accounting software tracks every barrel, MCF, and gallon from wellhead to sales point. It handles the math — allocation, reconciliation, volume balancing — and the paperwork — regulatory reporting, compliance documentation, audit trails.
But the software that actually works in production environments does more than accounting. It connects the field to the office. It links well data to production data. It automates the reports that someone on your team is currently building by hand every month.
Here's what separates real production accounting platforms from glorified spreadsheets:
Field data capture at the source. Production accounting starts in the field, not at a desk. If your pumpers are writing volumes on paper and someone is re-keying them into a system two days later, your data is already compromised. Modern production accounting software captures data where it happens — on a phone, online or offline — and flows it directly into the accounting engine with built-in validation.
Multi-tiered allocation with volume validation. Gathering systems are complex. Commingled production, shared facilities, multiple working interests — allocation isn't a single calculation, it's a layered process. The software needs to handle multi-tiered, date-effective allocations with automatic volume checks and mass balance flagging. Not approximations in Excel.
Hydrocarbon accounting across the full value chain. Every barrel produced, flared, re-injected, and sold needs to be accounted for. By well, by field, by block. Production accounting software should give you that visibility without exporting data to three different systems to piece it together.
Regulatory reporting that doesn't require a hero. If one person on your team is the only one who knows how to build your state and federal reports, that's a risk — not a process. The right software generates regulatory submissions directly from your production data, across every jurisdiction you operate in.
The Integration Problem Nobody Talks About
Here's the dirty secret of most production accounting software: it operates in isolation.
Your well data lives in one system. Production volumes live in another. Land and working interest data lives somewhere else — maybe a third system, maybe a filing cabinet. Every time you need to reconcile across these sources, someone is exporting CSVs and copy-pasting between applications.
This isn't a minor inconvenience. It's a structural flaw in how most operators manage production data. And it exists because most software vendors sell point solutions — tools that do one thing well but don't connect to anything else.
The operators who have solved this problem didn't just buy better production accounting software. They moved to a platform where well data, production data, and land data share a single data model. Where creating a well in the well management system means it automatically appears in production — no setup, no import, no sync job.
That's the difference between a production accounting tool and a production accounting platform.
What to Look for in Production Accounting Software
If you're evaluating oil and gas production accounting software — whether you're replacing a legacy system, consolidating point solutions, or moving off spreadsheets — here's what matters:
Does it connect to your well data? Production doesn't exist in a vacuum. Your wells, completions, workovers, and integrity records should inform your production workflows. If your production accounting software can't see your well data natively, you'll spend the life of that software maintaining manual connections.
How does it handle field data capture? Ask specifically about mobile capabilities, offline support, and what happens to data between the field and the office. If the answer involves "then someone enters it into the system," keep looking.
How many jurisdictions does it support? This is a concrete question with a concrete answer. Count the regulatory report templates. Count the jurisdictions. If the vendor can't give you specific numbers, the reporting is probably manual.
Is it actually cloud-native? There's a difference between a cloud-hosted legacy application and a platform built for the cloud from the ground up. Ask about the infrastructure, ask about security certifications (SOC 1, SOC 2), and ask what happens when you need to access the platform from a remote field location.
Can it track emissions within production workflows? Emissions reporting is no longer optional for most operators. If your production accounting software treats emissions as a separate workflow requiring a separate tool, you're doubling your data management burden.
What does the integration architecture look like? APIs, ETL capabilities, SCADA connectivity, ERP integration — these aren't nice-to-haves. They're the difference between a system that fits into your operations and one that creates another data silo.
How ProdView Handles Production Accounting
ProdView is the production data management and accounting platform within the Peloton Platform. It exists specifically to solve the problems described above — not as a standalone point solution, but as an integrated part of a unified system that connects well data, production data, and land data.
Here's what that looks like in practice.
Field to Office in One Step
ProdView Go — the mobile field data capture application — puts production data capture in the hands of pumpers, field operators, and measurement technicians. They log volumes, measurements, safety events, and emissions data from their phone. Online or offline. Voice-to-text, photo capture, mobile forms. Everything flows directly into ProdView with built-in validation. No re-keying. No paper.
Allocation That Reflects Reality
ProdView's allocation engine handles multi-tiered, date-effective allocations with automatic volume validation and mass balance checks. The interactive flow network diagram shows the physical flow of all products from completion through the gathering system to disposition — and it's date-effective, meaning it tracks configuration changes over time. It's a visual data quality check, not a static drawing someone has to maintain.
Hydrocarbon Accounting With Full Visibility
Account for hydrocarbon produced, flared, re-injected, and sold. Visualize and report by well, field, and block. ProdView consolidates this into one view so your production engineers, operations teams, and accounting staff are all working from the same numbers.
50+ Regulatory Reports Across 20+ Jurisdictions
ProdView includes pre-built report templates for state oil and gas commissions, federal agencies, and environmental regulators. Reports generate directly from your production data — the same data your teams already captured and validated. Automated alerts, tolerance flags, and audit-ready exception logs ensure the data is defensible before it ever reaches a regulator.
Emissions Tracking Built Into Production Workflows
Fuel, flare, and vent volumes are tracked within ProdView's production workflows — not in a separate system. GHG data flows into Peloton Ops for consolidated reporting. Consistent, auditable emissions data for internal goals and external compliance.
Native Platform Integration
This is where ProdView separates from point solutions. Create a well in WellView Allez, it appears in ProdView. Working interest and partner data from LandView flows into production allocation. SCADA telemetry feeds directly into the system. Peloton ETL — powered by Snowflake — handles enterprise-scale data pipelines. Open APIs connect to ERP systems, asset registries, and compliance tools.
One data model. Not a collection of acquired products stitched together after the fact.
The Numbers
Peloton has been building software for the energy industry for over 32 years. The ProdView production accounting platform is trusted by 600+ operators worldwide. Here are the specifics:
- 50+ regulatory report templates covering state, federal, and environmental agencies
- 20+ jurisdictions supported out of the box
- SOC 1 and SOC 2 Type 2 certified — enterprise-grade security on Microsoft Azure
- 32+ years of energy industry expertise built into every workflow
- 600+ clients across 6 continents
As one production team lead put it: "Having our production data in the Peloton data model through ProdView has given us seemingly infinite integration possibilities with SiteView and WellView data."
Another production engineer noted that "ProdView's reporting system allows users to serve up company data quicker, easier, and more dynamically over other production systems we've worked with."
Production Accounting Doesn't Have to Be This Hard
The operators still running production accounting through disconnected spreadsheets and legacy point solutions aren't doing it because they want to. They're doing it because they haven't found a platform that connects field data capture, hydrocarbon accounting, allocation, and regulatory reporting into one coherent system — while also connecting to their well data and land data.
ProdView does exactly that. Not as a bolt-on. Not as an acquired product wedged into a portfolio. As an integrated part of the Peloton Platform, built on the same data model, by the same team, with 32 years of energy industry expertise behind it.
If your production accounting workflow involves the phrase "then we export it to a spreadsheet," it's time for a conversation.
Ready to see ProdView in action? Request a demo and one of our production data experts will walk you through it.
Frequently Asked Questions
What is oil and gas production accounting software? Oil and gas production accounting software automates the tracking, allocation, and reporting of hydrocarbon volumes from wellhead through disposition. It handles field data capture, multi-tiered allocation, revenue accounting, regulatory reporting, and compliance management for upstream, midstream, and downstream operations. ProdView by Peloton consolidates these functions into one integrated platform connected to well and land data.
How does ProdView handle hydrocarbon allocation? ProdView uses a multi-tiered, date-effective allocation engine with volume validation and mass balance checks. The interactive flow network diagram shows physical flow of all products from completion through the gathering system to disposition, providing visual data quality verification at every step.
Does ProdView integrate with well data and SCADA systems? Yes. ProdView integrates natively with WellView Allez — wells created in WellView appear automatically in ProdView. It also connects to SCADA systems for real-time telemetry and offers open API endpoints for ERP and enterprise system integration. Peloton ETL (powered by Snowflake) handles large-scale data pipelines.
Is ProdView cloud-based? ProdView is a fully cloud-native SaaS solution built on Microsoft Azure. Peloton is a Microsoft Azure Managed ISV Partner. The platform is SOC 1 and SOC 2 Type 2 certified with multi-center data backups and continuous security monitoring. Mobile apps support offline data capture with automatic sync.
How many regulatory jurisdictions does ProdView support? ProdView includes 50+ pre-built regulatory report templates across 20+ jurisdictions, covering state oil and gas commissions, federal agencies, and environmental regulators. Reports generate directly from production data with no manual assembly required.
Can ProdView track emissions alongside production data? Yes. ProdView tracks fuel, flare, and vent volumes within production workflows. GHG data integrates with Peloton Ops for consolidated environmental reporting, giving operators consistent, auditable emissions records for both internal ESG goals and external regulatory compliance.