|
Calculate Payroll Burden
- System calculated payroll burden
- Burden rates maintained by state, job type and effective date
- COPAS benefit maximum maintained and validated
- User-defined posting options and rates maintained for payroll taxes, insurance, benefits and non-productive time
Calculate Overhead
- Drilling and producing overhead calculated on combined fixed-rate and percentage methods
- Construction and catastrophe overhead calculated with cost threshold ranges and tiered percentages
COPAS escalation factors are tracked and used in computation of annual adjustment of rates
- Overhead category, method and rates based on joint operating agreement
Calculate Utilization
- Vehicle costs calculated using PMTA rates, classes and areas
User-defined posting options for vehicles, equipment and employee expenses
- User-designed templates used for monthly input of utilization data
- Employee expense calculation uses technical employee and offsite/onsite provisions from joint operating agreement
- Tracks data on vehicles, such as VIN number, location, last oil changes, etc.
Division of Interest (DOI)
- Multiple cost centers per DOI
- Unique JVA and AFE DOIs
- Enhanced security for DOI maintenance
- Partnership DOI
- Complete audit reporting of all maintenance
Allocate Costs
- Multi-tier allocations with audit trail
- Allocations based on producing well count, pre-determined percentage or other formulas
- Allocation history maintained for corrections
- Date sensitive allocations select correct division of interest for transaction service date
Manage Cash Calls
- Automated statement and invoice generation
- May be scheduled for regular processing or on demand
- Automatic reversal of cash calls
- Lease operating expenses cash calls calculated on rolling average or fixed amount
Billing Processing
- Ability to track costs at a gross and net level
- Support for partnership and inter-company interests
Generate Invoices and Statements
- Generation can be scheduled or requested
- User-defined options (e.g., billable parties, level of detail, timing, etc.)
- System defaults for billing thresholds-minimum value or calendar period
- User-defined suspense accounts
- EDI support
Analyze Operating Costs/Operated by Others
- Ability to pay the operator for the net amount due, while providing the flexibility to evaluate the gross well economics
|