WolfePak ERP Software for the Midstream

Midstream Oil & Gas Software for Buying, Selling, Transporting & Hauling Crude Oil

This midstream oil and gas software package is a comprehensive, integrated purchase system developed to support crude oil buying (first purchasers) that can integrate with various data capture technologies.

  • Manages the purchase, sale and distribution of oil production.
  • Performs allocations on purchases and values purchases with different pricing methods.
  • Accounts for transactions connected to pipelines and hauled transactions.
  • Handles the netting of tickets, multiple pricing options and different penalty scales.

Midstream Oil and Gas Software

Highlighted Modules for Midstream and First Purchasers:

Revenue Distribution

Simplify revenue distribution for countless properties to unlimited owners
Additional Functionality

Easily correct distribution errors for multiple production months

Provides audit-trail and detail-level suspense information for each owner

Creates real-time entries to the general ledger

First Purchaser

Handles netting of tickets, various pricing options & penalty scales
Additional Functionality

Netting of tickets, taking gravity, temperature and BS&W into consideration

Unlimited price & composite indexes, tier pricing, date-sensitive contracts

Run tickets capture loading & offloading measurement information, plus seal number

Quick and easy entry and retention of tank table information and “strapping” data

General Ledger

For deeper understanding and a tight grip on financial performance
Additional Functionality

Real-time view of account balance trends with drill down features for more detail

Unlimited number of user-defined reporting groups of cost centers

User can design custom financial statements or use pre-defined standard reports

Optional consolidation reporting for multiple companies

Full audit trails for creation and approval of entries

Additional Features

System runs unlimited sets of books
Unlimited financial reporting groups at various levels
Consolidation and multi-company roll-ups available
Billing/hauling rates, driver commissions and sales statements
Lease-level & owner-level correction utilities for revenue and billing
Escheat of unclaimed property for all 50 states available
Multiple reports - cost of crude, regulatory and severance tax
Positive pay file to send to your bank for fraud prevention

Add-On Modules to Consider

Extend the functionality of WolfePak with various add-ons that automate and integrate multiple functions and processes.

Resources

Data Sheet

PDF: WolfePak ERP Midstream

Case Study

Case Study: Efficient End-to-End ERP System for Crude Purchasing

Webinar

Webinar: WolfePak MidStream

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See how WolfePak can help your growing business run leaner and faster.

Call us at (325) 677-1543