Effectively manage payout in upstream oil and gas

Historically, oil and gas operators have maintained their payout and non-consent information in a spreadsheet and parallel to their accounting software. Producing reports required gathering information from both places and transcribing it into a format fit to send to partners. Efficient? Not at all.

This upstream oil and gas video shows you how IFS Energy & Resources – Reporting, the industry’s leading reporting engine, allows users to:

1. Isolate payout information
2. Produce a payout statement that satisfies their agreements’ reporting needs
3. Include relevant penalty percentages and dollar totals
4. See reporting at the well and individual owner level
5. Format reports to their specific requirements and distribute to partners

Manage your payout status and distribute formatted reports conveniently with IFS Energy & Resources – Reporting, the tool that thousands of users trust and employ every day.