d Rapid
 

Live Demo
Tour
Maintenance
Requirements

Training
Case Studies
FAQ


Accounting/Financial Management
Crude Oil Marketing
Land Management
CDEX
Production Management
Geographic Interface
Gas Marketing/Control
Inventory
Payroll
Engineering Interface
Accounts Payable
Accounts Receivable
Authorization for Expenditures
Budgeting
Depletion(Cost and Statutory)
Depreciation
FinancialReportWriters
General Ledger
Joint Interest Billing
Partnership Accounting
Property Report Writers
Revenue Accounting
Revenue Accurals

 

Insert brief text and link to launch tour

 
 
Insert brief text and link to launch demo
 
 

Authorization for Expenditures

An AFE can be established for charges that are related to property charges, or they can be stand-alone. The system can keep track of original and supplemental budgets within an AFE.
  • An AFE can be associate with a property or by itself
  • Original and supplemental budget are kept separately
  • User defined types of AFEs
  • Reporting can be done by AFE type, groups of AFEs, or for a single AFE
  • User defined AFE report formats
  • Reporting can be done at 8/8ths or your companies net interest
  • Reporting can be done in detail or summary by types of charges
  • AFE budgets can be copied from one AFE to another
  • AFEs are as current as the last entry made to the general ledger
  • Well-to-AFE cross reference
Reports:
  • AFE reports by general ledger or occurrence date
  • AFE reports in summary by account, or detailed transactions



©2003 Avatar Systems, Inc.