WolfePak Depletion

Automate and simplify depletion allowance calculations

The WolfePak depletion module is a check stub add-on that automates and simplifies depletion allows calculations. It also summarizes reports for IRS tax reporting.

Historically, the oil & gas industry has required in-depth, labor-intensive data duplication and calculations for depletion allowances. This module automates these calculations, using existing data from the WolfePak general ledger and oil & gas check stub modules.

Additional module features:

  • Calculates and reports percentage and cost depletion for a property, identifying the larger of the two deductions
  • Automates marginal/stripper determination
  • Calculates carry-overs, reserves, leasehold and accumulated depletion
  • Tests and limits the percentage depletion deduction to 65% of net taxable income
  • Pulls all necessary current year amounts from the GL
  • Tracks any unused percentage depletion carry forward
  • Supports different percentage depletion rates for oil & gas minerals, including marginal, non-marginal, gas fixed contracts and geo-pressurized gas wells
  • Supports user-defined allowable overhead costs
  • Creates annual GL entries to record depletions taken


The WolfePak depletion module automates and simplifies depletion allowance calculations and summarizes reports for IRS tax reporting.

WolfePak scales with your growth

Your WolfePak conversion sets up post-conversion implementation and training, to ensure that your new system scales and supports your growth.


Monthly new user classes with available on-site consulting and training

User Conference

WolfePak instructors teach you how to do more with less (earn CPE credits too)

Tech Support

Your WolfePak technical support team is always available to solve problems


See how you run with WolfePak

To see how WolfePak can help your growing business run leaner and faster, call us at (325) 677-1543 or contact us.