Joint Interest & Property

  • Calculate and maintain payout balances
  • Record monthly COPAS overhead rates 
  • Record monthly PMTA rates and other rental equipment charges
  • Maintain and record monthly allocation charges
  • Generate monthly joint interest billings
  • Perform monthly LOE and capital cost accruals
  • Coordinate joint interest audits (for Company operated properties)
  • Set up and monitor AFE balances 
  • Record material transfers 
  • Record lease rentals
  • Provide detailed expense and capital analyses to field locations
  • Monitor and analyze undeveloped leasehold costs
  • Prepare property cost reports for client analysis on a periodic basis
  • Reconcile related general ledger accounts 

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