Web-based oil and gas production accounting software for junior to intermediate producers, offering robust reporting and financial system integration.
Vendor
Pandell Technology Corporation
Company Website



Pandell PetroNet is a web-based oil and gas production accounting software designed for junior to intermediate oil and gas producers. It provides full production accountability and web-based controls, allowing users to access the system from any web browser, anytime, anywhere. Key features include duplicate data protection, secure user roles, and a streamlined interface to enhance team productivity and prioritize work based on reporting needs. The software offers robust reporting capabilities, enabling analysis from a company level down to well/partner level, and facilitates the production of up-to-date government reports, including EUB requirements and Crown Royalty Imports. It also syncs data with government authorities to ensure compliance. Pandell PetroNet allows for the import of data from third-party systems such as well tests, measured production, and receipts/dispositions, with easy export options to financial systems or Excel. The software supports operated/non-op properties, multi-contract sales splits, revenue reporting with visual balancing, and management of royalties and DOIs with utilities for mergers and acquisitions. Configurable security allows for user-defined access levels, and the streamlined workflow helps overcome workload issues related to increased well counts, labor shortages, and strict government deadlines. Pandell hosts, updates, and maintains the installation, eliminating the need for client maintenance and routine backups. Its intuitive interface requires minimal training, with support staff readily available.
Features & Benefits
- Operated / Non-Op Properties: Oversees well/battery production, sales, and inventory data, including importing non-op volumes and revenues.
- Sales Splits: Facilitates multi-contract splits for facilities/wells and prepares pipeline/partner split reports with direct email and fax capabilities.
- Revenue Reports: Enables data entry by purchaser for visual balancing to total amounts received, as well as balancing each facility and contract.
- Royalties and DOIs: Manages royalties and DOIs with utilities for handling mergers and acquisitions of partners.
- Configurable Security: Allows users to define security and hierarchy to grant or restrict access to specific data.
- Streamlined Workflow: Addresses workload challenges from increased well counts, labor shortages, and government deadlines.
- Government Reporting: Includes built-in functionality for Alberta, BC, Sask, Manitoba & Indigenous, calculating crown royalties and pipeline splits.
- No Maintenance Required: Pandell hosts, updates, and maintains the installation, including routine backups.
- Minimal Training: Features a simple, intuitive interface for quick team adoption with readily available support.
- Remote Access: Allows access from anywhere via any web browser.
- Financial System Integration: Integrates journal entries into any financial system and allows easy data export.