Oil and Gas Software

Get the best oil and gas software for your business. Compare product reviews, pricing below. Read our buyer’s guide for more help.

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P2 BOLO Screenshot
P2 BOLO is an on-premise oil and gas software that is used for accounting, land management, and operations management. This solution is made for medium-sized US-based exploration & production (E&P) companies. Revenue…
Deployment
On-Premises
TraxView Screenshot
TraxView by Agtrax is the leading agricultural software provider for grain elevators, fertilizer companies, full service cooperatives, ethanol production plants, feed stores, agronomy product and service providers, petroleum…
Client OS
Windows
Deployment
Cloud Hosted
iWell Screenshot
iWell is an oilfield production software that features three modules—iWell Pumper, iWell Remote, and iWell Reports. iWell Pumper has an app for mobile devices (iOS and Android), as well as PC. This solutions helps you with…
Client OS
Web
Deployment
Cloud Hosted
WolfePak Oil & Gas Accounting Screenshot
WolfePak’s Oil & Gas Accounting packages provide a fast, efficient way for oil & gas businesses to handle daily accounting procedures with specific modules for oil & gas. The packages include an integrated general ledger…
Client OS
Web, Windows
Deployment
Cloud or On-Premises
GOALSIII Screenshot
Associated Systems, Inc.(ASI), based in Wichita, Kansas was founded in 1974 with the oil and gas accounting industry as the target market and the primary focus of ASI. The software is named GOALSIII (Gas, Oil and Land…
Client OS
Windows
Deployment
On-Premises
OGpro Screenshot
OGpro is a cloud-based oil and gas accounting system. This software combines accounting, document management, and payment processing, so you can make the best business decisions. The software can be customized to meet your…
Client OS
Web
Deployment
Cloud Hosted
Avatar 400 Energy Solution Screenshot
Avatar 400 is an accounting system specifically used on the IBM AS/400 Operating System. This modular based solution is capable of handling every financial need that arises as a result of your involvement in the petroleum…
Petroware Screenshot
Petroware is your all in one oil and petroleum accounting solution. Out of the box this program comes ready to run for companies of any size. Whether you are the owner of a sole proprietorship or an employee at a large…
Client OS
Windows
Deployment
On-Premises
Waterfield Energy Software Screenshot
Waterfield Energy Software is a suite of software systems that handles all of your oil and gas accounting and transaction management needs for both the upstream and midstream verticals of the oil and gas industry, including…
Client OS
Web, Windows, Mac
Deployment
Cloud or On-Premises
myQuorum Screenshot
myQuorum offers an integrated suite of business applications for companies that produce, gather, process, transport, store, distribute, and market crude oil, natural gas, NGLs, LNG, and power. Quorum’s software solutions…
Client OS
Web
Deployment
Cloud Hosted
OGsql Screenshot
OGsql is an oil and gas information system software that provides accounting to the Oil and Gas industry. It is designed to handle all phases of the industry, from exploration, drilling, joint venture, partnership accounting…
Client OS
Windows
Deployment
On-Premises
Fuel Distribution System Screenshot
The Fuel Distribution System Software includes all Fuel and Accounts Receivable functionality and will enable you to better control customer scheduling, sales, service, receipts of cash, accounts receivable and equipment…
Client OS
Windows
Deployment
On-Premises
SSI Energy Management System Screenshot
The SSI Energy Management System is a highly reliable, robust and integrated series of applications developed for energy related enterprises. The applications were specifically designed for Operators, Non-Operators, Royalty…
Client OS
Windows
Deployment
On-Premises
SOGAS Screenshot
General Database; Accounts Payable/Accounts Receivable; General Ledger; Joint Interest Billing (JIB)/Revenue Distribution; and System Security. Lease Operating Statements (LOS); Authorization for Expenditures (AFE); Investor…
Client OS
Windows
Deployment
On-Premises
OGdash Screenshot
OGdash is a web-based dashboard built for the oil and gas industry. The dashboard can be customized to display the information you want reported on. OGdash includes accounting, on-demand reporting, and land management…
Client OS
Web
Deployment
Cloud Hosted
DEACOM Screenshot
The DEACOM Integrated Accounting and Enterprise Resource Planning (ERP) Software System is engineered specifically a wide variety of industries. DEACOM seamlessly links all areas of a company - from production and inventory…
Client OS
Windows, Web
Deployment
Cloud Hosted
OGBOOKS Screenshot
OGBOOKS is a complete, integrated system of applications that allow Independent Oil & Gas Operators to carry out all of the duties and responsibilities of oil & gas operating companies, with respect to both joint owners and…
Starting Price
$125/month
Client OS
Windows
Deployment
On-Premises
Field Eagle Screenshot
Field Eagle is a preventive maintenance and assets management software that allows for additional desired capabilities to be configured to your needs. With a powerful inspection and asset tracking backbone, it integrates with…
Price Range
$ $ · · ·
Starting Price
$100/month/user
Client OS
Web, Windows
Deployment
Cloud or On-Premises
ServiceMax Field Service Management Screenshot
ServiceMax Field Service Management software is designed for equipment manufacturers and service providers. Mobile apps are available for iOS and Android devices to assist field technicians and service managers access service…
Client OS
Android, Web, iOS
Deployment
Cloud Hosted
Asset Guardian Screenshot
Asset Guardian—developed by control and automation engineers for control and automation engineers. The extensive functionality of Asset Guardian can be summarized into three main categories: Compliance Management…
Deployment
Cloud or On-Premises

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Oil and Gas Software Buyer’s Guide

What is Oil and Gas Software?

Oil and gas software can assist with exploration, extraction, production, distribution, or retail sale. Companies within the oil and gas industry often have very different business needs depending where their operations land in the value chain from oilfield discovery to end-consumer retail. Oil and gas software is commonly used by production, pipeline, and plant operators, as well as equipment manufacturers, inspection services, and oilfield services. Software vendors offer a number of solutions that fill your niche.

Common software features across most oil and gas business types include accounting asset management to ensure profitability and keep equipment maintained. Specific business software use cases include:

  • Businesses focusing on exploration and extraction needing to manage land leases and obtain permits.
  • Petroleum and biofuel production businesses that need production reporting and quality control.
  • Distribution and retail outlets tracking sales and manage regulatory compliance for storing and dispensing fuel.

Features of Oil and Gas Software

Feature Description
Accounting Manage accounts payable and accounts receivable. Track joint billing between investors and owners. Manage taxes based on the product and sales location. Track Depreciation, Depletion, and Amortization (DD&A).
Land Management Manage land purchases and leases. Land management systems typically include lease master records, land management inquiry subsystems, and contractual obligations systems to keep records organized.
Oil and Gas Production Reporting Field data capture systems provide production and operation reports on meter readings, well status, downtime, and more to improve performance management.
Asset Management Track on-hand assets including materials and equipment. Keep track of preventative maintenance deadlines to improve asset performance.
Regulatory Compliance Management Manage compliance requirements from various state, federal, and international organizations. Examples include the EPA air pollution monitoring, the Bureau of Land Management Oil and Gas inspection and enforcement, and the Global Reporting Initiative oil and gas sector disclosures.
Document Management Store permits, lease information, and other important documents in one system.
Quality Management Perform tests throughout the extraction and refinement process to ensure the oil and gas products meet quality standards.

These features can be found in one complete ERP system or as separate modules to add on to your current system. Whether you are buying a whole system or just modules, also think about how you want to deploy the system:

  • Purchase the system outright and install on your own servers
  • Purchase the system to be installed on a hosted environment
  • A web-native solution that operates on a monthly subscription as opposed to an up-front purchase price.

Before you roll your first piece of equipment onto the property, there are a number of activities that need to take place first and these activities cost you money.

Forecasting Revenue and Expenses

Budgeting and forecasting software that allows you to quantify likely expenses and potential revenues is particularly important for companies involved in the natural resources exploration business. Being able to forecast revenue and expenses improves decision making.

Budget vs. actual report in Avatar 400
An example budget vs. actual report in Avatar 400.

Investment Management

Managing investments is another important aspect of petroleum exploration. Trust accounting packages can help your firm adequately track investments from 3rd parties.

Joint interest billing in SSI Energy Management System
SSI Energy Management System tracks joint interest billing (JIB) and investor payout revenue.

Obtaining Permits and Managing Documents

The process of obtaining permits for land exploration and extraction is incredibly complex. Document management software makes you more efficient by storing all your permitting documents in one place.

The software will also manage other important documents like leases. Keep track of lease terms, payments, expiration dates, and more.

Land management module in SOGAS
The land management module in SOGAS tracks lease data including lease type, effective and expiration dates, lease terms, and payments.

Environmental Impact Studies

Environmental studies are a major cost source. The permitting process can require approval from local, state, and federal agencies. Maintaining compliance and reaching approval is significantly easier and less risky with the help of software tools.

Managing Construction Work With the Right Software Tools

Construction management software can significantly speed up your workflow. This includes:

  • Setting up offices and construction of necessary facilities
  • Hiring a general contractor (if needed) and sub-contractors
  • Hiring of staff to oversee the construction phase of the mine
  • Tracking the costs associated with the construction

Project management will allow you to schedule your crews and subcontractors ensuring you have the right people on board at all times and performing the work they should be doing.

Job costing is an important part of construction work. You need to track your labor costs, machine and equipment costs, fuel costs and any contract labor. Tracking these costs will also help you better understand your cash flow.

Job details dashboard in PENTA
The job details dashboard in PENTA gives you an overview of labor cost, estimates, approved charges, and other financial information associated with the job.

Typical Software Needs for Oil and Gas Production Work

If you are running an oil and gas production business, tracking operational costs is a central concern for your software to address. Managing costs associated with the operation of a mine or well can include labor costs, equipment and repairs, fuel, and transportation. Understanding where your money is going at this point in the process is critical.

Production Planning

What if demand decreases or increases? How do you adjust your business to meet customer demands? If you are not producing enough, you may need to hire more employees or subcontractors or bring in more equipment. Whatever the case may be, a production planning module will help you understand how much demand you have and how much material you are processing to keep up with customer demand.

Production report in iWell
The production report in iWell gives you a snapshot of daily oil, gas, and water production over time.

Logistics and Delivery

The operational modules will also help you with the logistics and delivery of the items. Tracking the costs associated with the transportation of the materials to your customers is critical to understanding your profitability. The software will also help you analyze which mode of transportation is the best in terms of price and time of delivery.

The dispatch manager in Fuel Distribution System
The dispatch manager in Fuel Distribution System tracks driver information, delivery priority levels, delivery histories, and more.

Fuel Retail Sales

Delivering products to the market involves another set of complexities. Identifying and tracking information related to buyers can be greatly assisted with customer relationship management software. This will allow you to manage contact information for each of the buyers including typical purchases, the amount spent, discounts applied, and more.

Order entry management in TraxView
Order entry management in TraxView includes the order number, order type, customer contact and shipping info, invoice date, sales tax location calculation, and more.

Finding the Right Software

There are many standalone software systems geared toward the oil and gas industries. These solutions help you control costs, promote efficiency, and run a profitable operation. Many full-featured solutions allow you to add modules as your business grows.

Task-specific solutions are also available, allowing you to add functionality to your current system. For example, if you’re a growing business with standalone oil and gas accounting software, you can find production software to integrate. The production software can help you monitor field operations, improve production data management, and more.

Full ERP systems can meet all of your needs from operations management to back-office business processes. Oil and gas ERP software manages accounting, land leases, and production processes. The system can also take care of HR functionality like hiring and onboarding, benefits management, and payroll.

The dashboard in DEACOM ERP
The dashboard in DEACOM ERP gives you an overview of sales numbers by amount, units sold, and more.

Taking the Next Steps

There are thousands of products on the market that offer basic financial accounting, hundreds that can do cost accounting and less that are specifically geared toward mining and natural resources. Going with a general accounting solution may result in improper cost accounting which leads to improper profit reporting and incorrect reporting to investors. Investing money in the right software now can save you thousands of dollars and keep your investors happy.

If you are at the point where you are ready to find out which oil & gas software platform is right for you, we can help. Through a brief phone call, our software specialists will look to better understand your needs to help you locate a handful of software solutions that can address the issues you are currently experiencing. Get started today!