WolfePak ERP Software for the Midstream
A Single Platform that Handles Buying, Selling, Transporting & Hauling Crude Oil
This midstream oil and gas accounting package is a comprehensive, integrated purchase system developed to support crude oil buying 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.
Highlighted Modules
Manage DOI, withholding, taxes, tracking division orders and other changes.
Track all DOI changes and suspense-related calculations
Calculate/report state and federal backup withholding
Automatic severance tax calculation
Mass change utilities and correction utilities
Mass DOI changes for ownership transfer
User-defined suspense codes up to 99
Print division order letters for ownership changes
Handles netting of tickets, various pricing options & penalty scales
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
Easy access to summarized data and drill-down details
Full audit trails for creation/approval of entries
Real-time view of account balance trends grouped by account and/or cost center
Unlimited number of user-defined reporting groups
No system-required closing procedures at year end
Control range of dates open for posting by user level security
Additional Features:
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System runs unlimited sets of books
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Unlimited financial reporting groups at various levels
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Consolidation and multi-company roll-ups available
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Billing/hauling rates, driver commissions and sales statements
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Lease-level & owner-level correction utilities for revenue and billing
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Escheat of unclaimed property for all 50 states available
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Multiple reports - cost of crude, regulatory and severance tax
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Positive pay file to send to your bank for fraud prevention
Midstream Package Core Modules
Add-On Modules to Consider
Extend the functionality of WolfePak with various add-ons that automate and integrate multiple functions and processes.
Resources
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