Oil & Gas

From Wellhead to Refinery.
Every Barrel. Every Dollar.

JIB disputes, production accounting errors, and hedge portfolio misalignment drain billions from oil and gas profitability. ProfitGuard delivers purpose-built analytics for upstream, midstream, and downstream operations — COPAS-aware and commodity-native.

$18M
Avg. JIB Recovery Year 1
99.5%
Production Accounting Accuracy
$25M
Hedge Exposure Reduction
COPAS
Guideline Aware

Oil & Gas Profit Challenges We Solve

Joint Interest Billing (JIB) Disputes

15-25% of JIB charges disputed annually

Non-operators routinely challenge 15-25% of JIB charges. Inaccurate overhead allocations, unauthorized AFE overruns, and duplicate charges create multi-million dollar disputes.

Production Volume Accounting Errors

0.5-2% production revenue discrepancy

Measurement inaccuracy, allocation methodology disputes, and pipeline imbalances create revenue discrepancies of 0.5-2% of production value — $50M+ at scale.

Commodity Price Risk Exposure

$100M+ hedge portfolio misalignment exposure

Hedging effectiveness, basis risk, and mark-to-market volatility require real-time visibility. Misaligned hedge ratios and expired positions create unintended P&L exposure.

HSE & Decommissioning Costs

$30B+ industry-wide ARO under-provisioning

Asset retirement obligations (ARO), environmental remediation provisions, and carbon compliance costs are frequently under-provisioned, creating material balance sheet risk.

Purpose-Built for Oil & Gas

JIB & AFE Cost Intelligence

AI-powered audit of every Joint Interest Billing charge and Authority for Expenditure. Catches duplicate charges, unauthorized costs, and overhead allocation errors automatically.

$15M average annual JIB recovery
Automated JIB charge-by-charge audit against COPAS guidelines
AFE overrun detection with real-time cost-to-complete forecasting
Overhead allocation validation against operating agreements
Duplicate charge detection across operators and joint ventures
Non-consent penalty and carried interest calculation verification
Historical JIB trending and operator performance benchmarking

Production Accounting Analytics

End-to-end production accounting validation — from wellhead measurement to sales point allocation. Catches volume imbalances, allocation errors, and royalty miscalculations.

99.5% production accounting accuracy
Wellhead-to-sales volume reconciliation at field level
Production allocation validation against unit agreements
Royalty calculation accuracy monitoring (federal, state, private)
Pipeline imbalance tracking and cash-out optimization
Production decline curve analysis vs. reserve estimates
Gas plant shrinkage and NGL yield monitoring

Commodity Risk & Hedging Analytics

Real-time commodity portfolio visibility with hedge effectiveness monitoring, basis risk analytics, and IFRS 9/ASC 815 hedge accounting compliance automation.

$25M reduction in unhedged commodity exposure
Real-time hedge portfolio mark-to-market and P&L impact
Hedge effectiveness testing automation (IFRS 9/ASC 815)
Basis risk monitoring (location, quality, timing differentials)
Forward curve scenario analysis for budget sensitivity
Counterparty credit risk monitoring across hedge book
Volumetric risk analytics (production vs. hedge ratio)

HSE Cost & ARO Intelligence

Environmental, health, safety, and decommissioning cost analytics that ensure adequate provisioning while optimizing spend across the asset portfolio.

Accurate ARO provisioning (audit-validated)
Asset retirement obligation (ARO) recalculation and validation
Environmental remediation cost forecasting per site
Carbon compliance cost tracking (EU ETS, RGGI, CA cap-trade)
HSE incident cost analysis with root cause trending
Well abandonment cost estimation and prioritization
OPEX vs. CAPEX classification for environmental spend
Customer Success

Major US Independent E&P Company

Challenge

Operating as non-operator in 200+ joint ventures across 5 basins. JIB audit coverage at only 8% of charges. Estimated $12M annually in unchallenged overcharges.

Solution

Deployed ProfitGuard's JIB & AFE Cost Intelligence across all JV interests, automated 100% JIB charge analysis against COPAS guidelines and operating agreements.

Results Achieved

$18M
JIB recoveries identified Year 1
100%
JIB charges now audited (vs. 8%)
200+
Joint ventures monitored
6 weeks
From deployment to first recovery

Protect Every Barrel of Profit.

COPAS-aware. Commodity-native. Purpose-built for oil and gas. See your JIB exposure in days, not months.