Upstream accounting has become more complex.  Regulatory changes keep coming and contracts grow more creative every year. Processes that once felt manageable now feel stretched thin. When a new scenario shows up, it usually starts as discovery. Many times the assets have already been sold and the acquirer is reviewing the acquisition data to bring it into their system. That is never straightforward. Teams sift through spreadsheets, allocation setups, contracts and a dozen oth

This article explores the shift from month end production accounting to a continuous, connected view of the field. It highlights how modern allocation workflows create clarity, support faster decisions, and give production teams the tools to work with confidence. It is a look at the future of upstream accounting and how people and technology move forward together.

Let’s talk about how production really turns into revenue. If you are new to oil and gas accounting or just need a refresher, this will help. We will walk through how volumes move from the field to your financials in plain language, the same flow production accountants and field operators manage every day. 1. It All Starts at the Wellhead Everything begins where the oil, gas, and water come up. Field operators capture daily volumes, downtime, tank switches, and test results r