Merrick spearheads standards for oil and gas partner reporting

Merrick

Merrick, a provider of production management and accounting solutions to the upstream oil and gas industry, is spearheading an effort to develop a standard for oil and gas production reporting between partners with Energistics, a nonprofit organization created to serve as a neutral body to facilitate and manage technical open data exchange, information and process standards for the upstream oil and gas industry.

The initial Energistics project will focus on creating a simplified PRODML™ schema that meets the needs of partner reporting for North American oil & gas producers.  PRODML is already a widely used production data exchange and reporting standard in the industry. The project, known as “NAPR” for North American Production Reporting, has generated interest from a number of companies.

Terry Kite, product manager at Merrick, commented that “there is a great amount of work spent within organizations, both in preparing data to send to partners and consuming data that is received on outside operated properties.” Kite adds that “Too often, companies do not recognize the amount of effort because it is duplicated across multiple groups that are unaware of what the others are doing. Establishing a consistent, common format would not only make partner reporting easier, it would provide opportunities for centralization and automation.”

 

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