Finance can’t finalize revenue until production and sales volumes are solid. When field and accounting records don’t match, the close waits.
It happens in small ways. Supervisory Control and Data Acquisition (SCADA) reports one meter reading, while an operator records a corrected daily volume elsewhere. A haul is marked complete, but production accounting is missing the ticket, so someone rekeys it and types the wrong volume or well ID. Each record made sense to the person who entered it. Together, they force allocation corrections, delay revenue distribution, and increase reporting risk.
The fix starts with tracing every handoff and knowing where to compare records, approve corrections, and catch exceptions before close.
SCADA monitors pressure, flow, and equipment in seconds or minutes. Its readings inform production, but a live reading isn’t an approved accounting volume. Avatar’s site doesn’t list a SCADA product or connector, so confirm how readings would reach Providence.
Field data capture holds what people record at the well: daily readings, downtime, and corrections. These usually arrive daily and may need review. Providence offers Field Data Gathering for this work.
Dispatch and hauling track assigned work and what crews report completing: run, location, date, and quantity. A completed ticket shouldn’t automatically become an approved production volume.
Production accounting turns those records into volumes by well, facility, and period. Staff reconcile, investigate differences, and approve allocations. Providence Production Management accepts manual entry, spreadsheet uploads, and handheld field data, includes variance analysis between production, sales, and revenue, and integrates fully with Providence accounting.
Financial reporting presents approved results. Providence reports are live, not tied to month-end, with drill-down behind every amount, so you can trace any number back to its field record.