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What is SAS for Oil & Gas?

The energy industry is currently experiencing a sharp increase in demand from emerging markets, which is further complicated by intensified competition for leasing rights and access to financial resources. Moreover, there is an increasing focus on public accountability and strict regulatory standards aimed at ensuring transparency. Companies must not only deliver their products but also contend with aging infrastructure and the impending challenge of a retiring workforce, creating substantial obstacles for the global energy sector. In light of these challenges, oil and gas enterprises are actively seeking ways to refine their operations and incorporate groundbreaking technologies to sustain their competitive advantage. Upstream operations demand detailed insights into the entire production process, from reservoirs to pipelines, which calls for optimization and predictive analysis to prevent possible losses. At the same time, downstream operations rely on meticulous monitoring of the conditions and efficiency of refining plants to meet market needs effectively. With the industry's continuous evolution, the necessity for strategic shifts will only grow stronger, compelling companies to innovate and adjust their operational tactics. This dynamic environment underscores the critical importance of agility and foresight in navigating the complexities of the energy landscape.

What is P2 BOLO?

P2 BOLO is recognized as a leading accounting solution designed specifically for the upstream oil and gas sector, empowering U.S. exploration and production firms to improve their operational efficiencies and extract more value from complex accounting functions. Each day, P2 BOLO processes transaction volumes that exceed the entire annual totals handled by numerous other upstream software alternatives. The intricate nature of shared ownership and joint ventures presents distinctive challenges in oil and gas accounting, which P2 BOLO adeptly navigates with its all-encompassing Accounting Module, providing valuable insights into revenue accounting, allocation and valuation, accounts payable and receivable, joint interest billing, among other functions. Efficient asset management is vital to maximizing project profitability, and P2 BOLO’s Asset and Tax Management capabilities significantly reduce the risks linked with overseeing assets across both producing and non-producing properties, while also streamlining the computation of Depletion, Depreciation, and Amortization (DD&A). This solution is built to handle anywhere from hundreds to tens of thousands of properties, easily scaling as your organization grows and adapts within the ever-changing energy industry. By utilizing P2 BOLO, companies can optimize their accounting operations and strategically position themselves for enduring success, ensuring they remain competitive in a rapidly evolving market. With its robust features and user-friendly interface, P2 BOLO not only meets the current needs of businesses but also prepares them for future challenges in the industry.

Media

Media

Integrations Supported

Enerpact
Pandell Jobutrax
eLynx Technologies

Integrations Supported

Enerpact
Pandell Jobutrax
eLynx Technologies

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

$35000 one-time payment
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

SAS Institute

Date Founded

1976

Company Location

United States

Company Website

www.sas.com/content/dam/SAS/en_us/doc/overviewbrochure/sas-oil-gas-104957.pdf

Company Facts

Organization Name

P2 Energy Solutions

Date Founded

1999

Company Location

United States

Company Website

www.p2energysolutions.com/p2-bolo

Categories and Features

Oil and Gas

Compliance Management
Equipment Management
Inventory Management
Job Costing
Logistics Management
Maintenance Management
Material Management
Project Management
Resource Management
Scheduling
Work Order Management

Categories and Features

Oil and Gas

Compliance Management
Equipment Management
Inventory Management
Job Costing
Logistics Management
Maintenance Management
Material Management
Project Management
Resource Management
Scheduling
Work Order Management

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