Software, data and services for the
upstream oil and gas industry.


Energy Management Software for Mid- and Large-Sized E&P Companies

 

Crude Oil First Purchaser

Enterprise Upstream Crude Oil First Purchaser is the industry's most comprehensive integrated oil purchase system. Using an Oracle database, it is designed to support oil and associated product purchases from a variety of locations using several different data capture methods. Enterprise Upstream Crude Oil First Purchaser is tightly integrated with Enterprise Upstream Revenue and Enterprise Upstream Regulatory Reporting applications.


The Crude Oil First Purchaser application enables companies to manage the purchase, sale and distribution of oil production, perform allocations on purchases, and value the purchases using both internal and/or external pricing methods. Additionally, users can generate requisite run statements and regulatory reports, transfer volumes and values for revenue disbursement and associate accounting entries.


Using Oil First Purchaser to streamline and integrate these functions, companies can optimize their assets and streamline their business processes.


Process Tickets

  • Multiple ticket types
  • Units of measure include both domestic and international
  • Online query for run tickets
  • Audit trail for reversed tickets

Allocate Oil Production

  • Multi-tier allocations with audit trail
  • Allocations based on combinations of locations, agreements and dispositions
  • Ability to allocate prepay tickets

Calculate Value for Volumes

  • Multiple pricing agreements
  • Calculation of taxes and other deducts
  • Division of interest used in calculation

Perform Analysis and Generate Predefined Reports

  • Run original and amended statements
  • Crude oil purchase statements by recipient
  • Over and short reports (daily, monthly or year-to-date)
  • Ticket detail report
  • Various allocation reports
  • Various audit and variance reports
  • Ability to generate reports through an Oracle database utilizing many ad hoc reporting tools

Process Distributions

  • Automated approval of distribution transactions
  • Automated prior period adjustments: price, tax and deduction rates, product volumes
  • Audit reporting to verify and document changes
  • Selection by effective dates
  • Recording of sales data by joint venture partner and creation of general ledger transactions
  • CDEX send and receive
  • CODE receipts

Manage Suspense

  • Fully integrated assignment and ownership processing
  • Automated prior period adjustments to ownership
  • Multiple report centers for a single division of interest (DOI)
  • Ability to designate DOI exemptions by party
  • Complete audit reporting of all maintenance tables
  • Online release of suspended funds

Process Payments

  • Calculate minimum royalty
  • Calculate minimum payments for individual parties
  • Release of funds to owners as check, wire transfer and EFT
  • Support for user-definable special handling criteria for special signatures and additional check documentation
  • Calculate and report state and federal backup withholding
  • Generate remittance detail file in compliance with current state disclosure requirements
  • Support for manual check creation

Generate Regulatory Reports

  • LA Transporter report — LA R2
  • NM Transporter report — C112
  • TX Transporter report — TX T1
  • ND Oil Purchaser Severance Tax — ND T12 and T12A
  • Supports data for other major oil and gas states