If you’re a first purchaser and you don’t use WolfePak, you’re missing the advantages of the only purpose-built solution for your business. WolfePak is a comprehensive, integrated crude oil purchase system, developed to support crude oil purchases with various data capture technologies.
This set of core modules integrates with the WolfePak Revenue Distribution System and the General Ledger. You can manage the purchase, sale and distribution of oil production, perform allocations on purchases, and value purchases with different pricing methods.
WolfePak lets you take title of production from oil & gas wells and issue disbursements on behalf of the operators. You can account for transactions connected to pipelines and hauled transactions — WolfePak handles netting of tickets, multiple pricing options and different penalty scales.
Flexibility and control
The system makes it easy to generate oil run statements, regulatory reports and severance tax reports, transfer volumes and values for revenue disbursement and related accounting entries. Other functions include:
Detail and automation revenue distribution
The WolfePak revenue distribution module makes first purchasers more efficient, with the ability to manage DOI, withholding, taxes and other changes:
To see how WolfePak can help your growing business run leaner and faster, call us at (325) 677-1543 or contact us.