What is producing interval code in SAP IS-OIL-PRA - Production and Revenue Accounting?

SAP Term: producing interval code

• Component: IS-OIL-PRA

• Component Name: Production and Revenue Accounting

• Description: A standard designation of three characters, made up of an initial letter followed by two numbers such as "X99" in which the numeric portion is uniquely and permanently related to a specific completion zone or producing configuration within a wellbore, and which is assigned by the Bureau of Land Management BLM after accepting a Well Summary Report, Form MMS-125.

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• Key Concepts: 
  Producing Interval Code is a feature of the IS-OIL-PRA Production and Revenue Accounting component of SAP. It is used to define the intervals in which production and revenue are calculated. The code is used to identify the intervals in which production and revenue are calculated, and can be used to group production and revenue data for reporting purposes. 
  
  How to use it: 
  The Producing Interval Code is used to define the intervals in which production and revenue are calculated. This code can be used to group production and revenue data for reporting purposes. To set up a producing interval code, go to the IS-OIL-PRA Production and Revenue Accounting component in SAP, select the “Producing Interval Code” option, and enter the desired interval code. 
  
  Tips & Tricks: 
  When setting up a producing interval code, it is important to ensure that the interval code is unique. This will help ensure that the data is accurately grouped for reporting purposes. Additionally, it is important to ensure that the interval code is consistent across all production and revenue data. 
  
  Related Information: 
  For more information on setting up producing interval codes in SAP, please refer to the SAP Help documentation on IS-OIL-PRA Production and Revenue Accounting. Additionally, there are many online resources available that provide detailed instructions on how to set up producing interval codes in SAP.