WolfePak's Depletion Module is a Windows based program that automates and simplifies depletion allowance calculations and summarizing reports used for IRS tax reporting purposes. The Oil & Gas industry has in the past required in-depth, labor-intensive data duplication and calculations for depletion allowances that can now be done with existing information from WolfePak General Ledger and WolfePak Oil & Gas Check Stub modules.

Features include:

  • Calculates and reports both precentage & cost depletion
  • Marginal/Stripper determination
  • Calculates carry-overs, reserves, leasehold & accumulated depletion