P&P Oil & Gas Solutions is ready to assist existing WolfePak users by performing Joint Interest Billing and/or Revenue Accounting tasks for you. JIB Accounting requires knowing your land assets–a specialty of P&P!
Understanding you and your partner’s working interest positions is key to proper billing. Sending invoices to responsible parties is key to managing your costs when drilling and maintaining a well. Knowing what expenses can be billed to partners is so often overlooked, that some companies are unable to bill properly, spending hundreds of thousands of dollars throughout the life of an asset that they could have shared with other working interest owners if properly calculated. Revenue accounting is more than just receiving money. Operators must be diligent when recording production and sale of oil, gas, and other products. Distributions must be made, and all of this “in and out” has to be tracked. Beyond the internal bookkeeping, critical reports to governing bodies must also be prepared and timely submitted. P&P can help with this regulatory obligation and reporting as well.
P&P Oil & Gas Solutions also assists with imports to the system and database conversions. As a WolfePak user experienced with other Accounting systems, including various other Land systems with Accounting integrations, P&P’s data experts are ready to assist with imports and conversions from the following top industry solutions, to name a few:
If you currently use WolfePak, want a service provider that uses WolfePak, need to convert data to or from WolfePak, or just need an Accounting services provider that has an experienced and knowledgeable team– then give us a call!
With the acquisition of LandPro, WolfePak has also acquired all other existing LandPro modules, such as DO, Reports, Mining and GIS. P&P Oil & Gas Solutions is experienced in these modules as well, and is taking an active role in helping WolfePak further improve functionality to better serve customers’ needs.