OGBOOKS

OGBOOKS is a complete, integrated system of applications that allow Independent Oil & Gas Operators to carry out all of the duties and responsibilities of oil & gas operating companies, with respect to both joint owners and local, state, and federal authorities. In addition to compliance, numerous pre-formatted and user defined reports allow for complete summary and detailed economic analyses and financial reporting.

The system is easy to use and can be readily adapted to comply with the unique requirements and preferences of each individual user. Your business is oil & gas exploration and production, not data processing and accounting, but with OGBOOKS you have access to the best in the world.

Each module has ‘stand alone’ capability and can be purchased individually, but integration of all of the various modules into the complete system is what allows you to maximize efficiency and accuracy, and reduce aggravation and frustration.

Accounts Payable

Manages invoices payable and writes checks to pay the invoices. Integrates with AFE, Bank Reconciliation (cash management and analysis), General Ledger, and Joint Interest Billing (to charge invoices to properties to working interest owners) modules

Accounts Receivable

Tracks and ages receivables by owner, by property, or both. Integrates with Bank Reconciliation, General Ledger, and Joint Interest Billing Modules.

AFE

Integrates with the Accounts Payable, General Ledger, and Joint Interest Billing modules to track and compare actual costs to estimated costs of drilling, completion, workover, etc. projects

Bank Reconciliation

Facilitates cash management. Integrates with A/P, A/R, and G/L Modules.

General Ledger

Trial Balance, Detailed Account Ledgers, Standard Financial Statements, Customizable report and analysis capabilities. Integrates with all other modules.

Investor Management

Numerous customizable economic, pay-out, production, and analysis reports both at property level and individual owner level. Groups properties by name or number, by state, lease, or prospect.

Joint Interest Billing

Generates invoices by working interest owner, by property, by expense classification. Integrates with Accounts Payable and General Ledger Modules for input, and AFE, Accounts Receivable, and Investor Management Modules for output.

Payroll

Complete payroll processing including pay checks, quarterly state and federal reporting data, and annual W-2’s. Integrates with General Ledger and Bank Reconciliation Modules.

Revenue Distribution

Accounts for Oil & Gas Revenues and generates checks and payment details for royalty and working interest distributions. Integrates with Bank Reconciliation, General Ledger, Investor Management, and Joint Interest Billing (net outs) Modules.

Virtual Filing Cabinet

Facilitates electronic filing (as .pdf files) of all source documents, contracts, governmental filings, and any other paper documents that would otherwise be filed in actual file cabinets. Integrates with all of the other modules for easy filing, retrieval, and re-filing.