Products

The WolfePak solution can be customized to fit your needs by combining any of the following fully integrated modules.

Modules for Oil and Gas Operators:

General Ledger
The General Ledger is the heart of the WolfePak accounting system. Task specific input screens allow for natural data entry without having to think about debits and credits. The WolfePak system provides easy access to summarized and detailed data using view screens and flexible reporting options.

Accounts Payable
WolfePak's Accounts Payable system shares data with the general ledger, forming an integrated, seamless program for tracking and paying your vendors and the appropriate re-billing of critical investor expenses through the integrated Joint Interest Billing Module.

Check Stub Entry
This unique application streamlines the entry and import of your revenue data from purchasers quickly and accurately, including support for multiple import capabilities.

Revenue/Billing

• Joint Interest Billing
  The JIB system allows you to bill the owners in each property for their share of costs.
• Revenue Distribution
  The revenue distribution is used to produce revenue and expense statements by property for each investor/owner. You can produce checks to the owners for their share of each property’s income or produce a ‘net-check’ for each owner’s revenue less costs.

Accounts Receivable
A/R allows you to track who owes you, what they owe, why they owe it and when they owe it.  WolfePak’s A/R module allows you to track this information by customer, as well as, print reports (such as statements, Aged A/R Trial balance, etc.)

Deposit Entry/AR
Deposit Entry is a fast and easy way to enter cash deposits. These deposits may be from customers who are paying on their account or any other type of cash received that needs to be deposited in the bank.

Bank Reconciliation
Bank reconciliation can be used to reconcile each bank account on your general ledger. Reconciling your bank account is tying your cash balances per your general ledger to the monthly statement received from your bank.

Additional Modules for Oil & Gas Operators

Consolidate/Combine
Automatically combine several sets of books together into a single company that maintains financial data by cost center.  Used when you have the same cost center in multiple companies, all the income of a cost center in one company and the expenses in another and you want financial statements that includes transactions from multiple companies.  And/or when you have unique cost centers in separate companies but want to roll-up totals from one or more cost centers from multiple companies into a higher level financial statement.

Depletion
Pulls revenue and expense numbers directly from GL and automates the computation of the depletion allowance, including 65% limitation and 1,000 bbl limitation. Optional entries back to GL to record depletion by property.

Document Imaging
WolfePak’s document imaging is a fully integrated system designed to allow you to associate images and related documents seamlessly into the system.

FieldDIRECT, Pumper Pal (PRS) Import
Automatically imports IHS’s FieldDIRECT run tickets and tank gauges directly into WolfePak’s Production module.

Fixed Assets
The WolfePak Fixed Assets program is designed to help organize and manage depreciation entries. Once you enter details about your assets, the system can calculate the depreciation entries based on the information entered. Amounts can be changed to review the effect on the calculations, and optionally, the G/L entries can be imported into WolfePak G/L.

Gas Plant Facility
For each pipeline, the gas plant system allocates the gas and liquid sold and plant fuel back to individual wells via the use of check meters and gas analysis tests.

G/L ACH
General Ledger ACH is the ability to pay through ACH (Automated Clearing House):

1. Accounts Payable
2. Receive Accounts Receivable payments
3. Pay or Receive Revenue/Billing

House Meters
House Meter System (HMS) Module is a Windows based program that automates and streamlines the functions of tracking annual "free gas" usage allowance, the resulting accounts receivable billing to end users, and takes the process one step further to include the transactions in the payout to the mineral owners.

Land
Oil & Gas Land Management System manages data pertaining to Land Contracts (Oil, Gas and Mineral Leases), Prospects, Tracts and Mineral Owners.

Mineral Interest System
Capability to catalog your mineral interests. Keep up with which interests have leases, income on those leases, and property taxes paid.

Multi Company A/P, Deposit Entry and GL
Adds the ability to enter invoices, deposits and/or General Ledger entries into one (parent) company, but code the entries (expenses) on an accrual basis into multiple companies.

Payroll and Time Entry Systems
Multiple Payroll and Time entry systems to help you record your employees’ time and import directly into Payroll.

Production
Oil and Gas Production System is designed to allow the user to quickly and easily enter pumper's gauge reports and run tickets; which enables the system to calculate production, and maintain production history on an unlimited number of properties. Also prints the various state regulatory reports.

Project Reporting
Project reporting automates your Drilling, Completion, and Workover reports, and then you decide how you want to deliver the report to each owner.

Purchase Order System
The Purchase Order system is appropriate for clients who need to track purchases from initiation, eliminate wasteful and time consuming paper work and approve purchases before committing to the order.

Modules for Oil and Gas Investors:

Modules for Oil and Gas Service Companies & First Purchasers: