Bringing Lucidity to Your Data With margins continuing to be tight, it has never been more important for operators to leverage their data to understand expenses and evaluate economic return. Origo’s statements and reporting tools empower users to pinpoint areas of concern where addressing them can have a measurable impact. Some of the top benefits…
Origo Oil & Gas Software has some pretty amazing clients and Midland based Summit Petroleum LLC is no exception. Our implementation was to extend visibility and provide meaningful reporting capabilities to enhance and extend the data from their ERP and other systems. “As a member of Darcy Partners, Summit Petroleum LLC was introduced to Origo…
With strip prices at historic lows, most basins across the US remain uneconomic to drill. And many producers are suddenly finding that producing assets with high operating costs, such as stripper wells, are uneconomic to operate. With DUC counts rising and wells shutting in, your biggest lever to increase cash flow is cost efficiency. But…
Given the current market environment, it goes without saying that improving free cash flow is an imperative across the oil & gas industry. Drastic times call for drastic cost cutting measures, but with capital discipline and operational efficiency already top of mind, how can producers drive down OpEx even lower? The answer to this question…
Origo offers operating companies a single solution for invoice capture, coding, workflow automation, and reporting that transforms AP cycle times from weeks to days. This provides unprecedented cost oversight of actual expenses and budgets, delivering an accurate view of the AP pipeline that powers more informed decisions across the E&P organization. Importantly, with better visibility…
Depending on the financial controls and size of an E&P company, there might be one approver or multiple approvers involved in AP invoicing, a process that is still heavily dependent on interoffice document shuffling. And expenses may need to be approved by a manager if a certain limit is exceeded or even require controller sign-off.…