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