WellCollarDivision of interest to owner checks.
Keep DOI decks, revenue runs, joint interest billing and owner payments in the same system as your production, so the numbers never get retyped.
- Decks must balance to 100%
- Revenue and JIB runs
- Owner portal
Owners and revenue in WellCollar
Shown with our demo company's fictional owners.
Every owner, with how and when they get paid
Owner records carry pay method, minimum pay and the wells they hold interests in. Hold small checks until they reach the minimum.
- ACH or check, per owner
- Minimum pay thresholds
- Owner relations tracking for every owner
Revenue and working interest, kept separate
Revenue decimals must total 100% (8/8ths) before a revenue run can close. Working interests also carry an expense decimal for JIBs, which often differs from their revenue decimal.
- Balance checks on every well
- Revenue and expense decimals per owner
- Flags wells that aren't at 100%
The whole money side of the operation
Revenue distribution
Monthly runs allocate purchaser revenue across your DOI decks, with severance tax and deductions.
JIBs and COPAS/PPA
Allocate well costs to working-interest partners and bill them on schedule.
Payments, invoices and A/P
Pay owners, invoice partners and track bills with aging.
1099s and QuickBooks
Export 1099 data and accounting entries for your accountant.
Owner portal
Owners look up their own statements instead of calling the office.
Well P&L
Revenue runs and JIB expenses tied together by well.
+$3 per well per month
Add to Core, or get it with every other module in Complete at $7 per well.
Related features
Common questions
Does WellCollar keep separate revenue and expense decimals?
Yes. Each owner on a well can carry a revenue decimal and a working-interest decimal. A deck must total 100% before a revenue run can close.
Can owners see their own statements?
Yes. The owner portal lets interest owners view their statements and history without calling your office.
Does it produce 1099s?
Yes. The 1099s and QuickBooks area exports year-end 1099 data and your accounting entries.
Has anyone moved from Pivoten?
We did. Green Collar Energy's owners and each owner's revenue and expense interests came over and balanced to 100% on every well. What we learned.
See it with your own wells
Open the live demo company in one click, or send us your operator number and we'll show you your own wells loaded and ready.