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WolfePak First Purchaser
You can manage the purchase, sale and distribution of oil production, perform allocations on purchases, and value purchases with different pricing methods.
Built for the way you work
The WolfePak First Purchaser module 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
- Netting of tickets, taking gravity, temperature and BS&W into consideration
- Electronic ticket interface options
- Ticket and multi-level allocations
- Mass ticket correction utility (automatic creation of reversed tickets for correction plus audit trail
- Inventory tracking
- Unlimited price & composite indexes, tier pricing, date-sensitive contracts
- Billing/hauling rates, driver commissions and sales statements
- Scale adjustments by BS&W, gravity, sulfur and volume
- Unlimited early pay options
- Cost of crude oil report
- Operator oil run statements
- State regulatory reports
- Severance tax reports
- Inventory comparison reports
- Run tickets capture loading/offloading measurement information, plus seal number
- Import/export oil & gas purchaser statements via CODE (Crude Oil Data Exchange), CSV or Sentinel
- Automatic creation of reversed tickets for corrections plus audit trail
- Track historical and current pricing information, including price index information and related price contracts
- Quick and easy entry and retention of tank table information and “strapping” data
- Multiple criteria to view and correct historical data if necessary
- Multiple reporting options:
- Daily disposition
- Run ticket detail and edit
- Inventory/sales comparison and inventory variance
- Driver commissions
- Crude oil costs
WolfePak’s First Purchaser module gives first purchases a comprehensive, integrated platform that works with various data capture technologies.
See how you can 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.