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:

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:

  • 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.

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

Arrow-up