What is tract in SAP IS-OIL-PRA-REV - Revenue?

SAP Term: tract

• Component: IS-OIL-PRA-REV

• Component Name: Revenue

• Description: A subdivision of a division of interest. Each division of interest is broken down into tracts.

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• Key Concepts: 
  Tract is a term used in the SAP IS-OIL-PRA-REV Revenue Accounting component. It is a unit of measurement used to track the production of oil and gas. A tract is typically defined as an area of land that is one mile square. 
  
  How to use it: 
  In SAP IS-OIL-PRA-REV Revenue Accounting, a tract is used to track the production of oil and gas. The tract can be used to calculate the amount of oil and gas produced from a particular area. This information can then be used to calculate the revenue generated from the production of oil and gas. 
  
  Tips & Tricks: 
  When using tracts in SAP IS-OIL-PRA-REV Revenue Accounting, it is important to ensure that the tract size is accurately defined. This will ensure that the revenue generated from the production of oil and gas is accurately calculated. 
  
  Related Information: 
  The use of tracts in SAP IS-OIL-PRA-REV Revenue Accounting is similar to the use of wells in other components such as SAP IS-OIL-PRA-WELLS Well Management. Wells are also used to track the production of oil and gas, but they are typically defined as an area of land that is one acre in size.