Reserve Tracking/Classification

Reserve tracking is used to record, review and report the reserves associated with various types of assets related to oil, gas, condensate and natural gas. In addition, it is used to capture, categorize and preserve the changes to those reserves over time and to comply with various internal and external reporting requirements, such as SEC and EIA. The data may also be extracted to support other internal needs such as DD&A.

Procedures and user interfaces are designed for entering asset reserve data, initializing starting values, updating production, generating and entering changes, and calculating the estimated remaining reserves for a given reporting period. At the end of a reporting period, the reserves data can be saved to provide a permanent snapshot of the values at that time.

Managers, engineers, analysts and technical support personnel use reserve tracking to create an organized, manageable and secure data environment. Reserve tracking is designed to restrict access to the reserves part of the database by maintaining a table of authorized users and their related roles/passwords. Users may be assigned various approval levels based on the magnitude of the reserves they maintain.

The ideal system can be used as a stand-alone, or fully integrated into the asset database.

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