Process Tickets
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Multiple ticket types
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Units of measure include both domestic and international
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On-line query for run tickets
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Audit trail for reversed tickets
Allocate Oil Production
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Multi-tier allocations with audit trail
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Allocations based on combinations of locations, agreements and dispositions
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Ability to allocate pre-pay tickets
Calculate Value for Volumes
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Multiple pricing agreements
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Calculation of taxes and other deducts
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Division of interest used in calculation
Perform Analysis and Generate Pre-Defined Reports
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Run statements, both original & amended
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Crude oil purchase statements by recipient
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Over and short reports (daily, monthly or year-to-date)
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Ticket detail report
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Various allocation reports
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Various audit and variance reports
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Ability to generate reports through an Oracle database utilizing many ad hoc reporting tools
Process Distributions
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Automated approval of distribution transactions
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Automated prior period adjustments: price, tax and deduction rates, product volumes
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Audit reporting to verify and document changes
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Selection by effective dates
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Recording of sales data by joint venture partner and creation of general ledger transactions
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CDEX send and receive
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CODE receipts
Manage Suspense
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Fully integrated assignment and ownership processing
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Automated prior period adjustments - ownership
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Multiple report centers for a single division of interest (DOI)
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Ability to designate DOI exemptions by party
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Complete audit reporting of all maintenance tables
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On-line release of suspended funds
Process Payments
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Calculate minimum royalty
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Calculate minimum payments for individual parties
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Release of funds to owners as check, wire transfer and EFTs
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Support for user-definable special handling criteria for special signatures and additional check documentation
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Calculate and report state and federal backup withholding
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Generate remittance detail file in compliance with current state disclosure requirements
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Support for "manual" check creation
Generate Regulatory Reports
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LA Transporter report - LA R2
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NM Transporter report - C112
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TX Transporter report - TX T1
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ND Oil Purchaser Severance Tax - ND T12 and T12A
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Supports data for other major oil and gas states
