Gas Allocation System

WolfePak Gas Allocation System

Well-level control for distributions and general ledger entries

The WolfePak gas allocation system (GAS) is a revenue billings add-on developed to allocate gas and liquids sold, and plant fuel back to individual wells, using the terms of the contracts, check meters and gas analysis tests. The module produces an easy-to-read settlement statement for each well, sorted by operator.

 

Additional system features include:

  • Well contracts determine payment amounts (calculated as a percent of proceeds or percent/offset of index basis
  • Treats liquids differently than residue
  • Charges penalties for out-of-spec gas or excess nitrogen
  • Amortization of capital costs to deduct from well proceeds
  • Requires revenue billing to distribute monies, deduct taxes and produce 1099s
  • Automatically feeds entries to the revenue system for optional severance tax computation and distribution to operator/royalty owners
  • Create general ledger entries to record income from fees, amounts distributed, etc

 

A revenue billing add-on, offering well-level control for distributions and calculating general ledger entries.

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.

Training

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

CALL TO ACTION PANEL

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.