Streamline and Automate your JIB Management Workflow

Reduce Joint Interest Billing overhead and the total cost of ownership by processing JIBs and operating invoices in one seamless workflow. Petrofly streamlines your Joint Interest Billing workflow into a consistent and timely process to reduce joint venture inquiries and improve expense recoupment.

  • Automatic expense share calculations
  • Detailed invoice and workover breakdown
  • Reduce repetitive paperwork and overhead costs
  • Ensure timely billing, invoicing, and recoupment
  • Lease operating statements for working interest partners
  • Integrated division order management
Oil and Gas Joint Interest Billing Console Oil and Gas Royalty Balance Overview

Petrofly's JIB Workflow Automation Benefits

Save Time & Money
Automating and streamlining workflow processes with Petrofly reduces overhead and ownership costs by reducing labor hours, redundant paperwork, and filing. Satisfy investors' and partners' inquiries and improve turnovers for JIB payments.
Increase Productivity
Reduce time and effort spent processing JIBs and operating expenses, calculating and preparing joint interest billing invoices, and allowing your staff to focus on more profitable endeavors.
Streamlined Processes
Reduce the complexity, manual calculations, and training required to prepare JIBs. Consolidate and organize data in an intuitive and robust database to easily trace and find the required data for reports and invoices.
Improve Communications
Improve responses with operators and partners with detailed lease operating statements, expense, and workover breakdowns. Alongside the ability to automatically invoice copies via email.

Petrofly's JIB Management Key Features

Automatic Allocation

As expenses are entered into the system, each working interest partner's share is automatically calculated and allocated to the proper production month and expense category.

Payment Tracking

Petrofly automatically tracks and records when JIB statements are issued and what details are on them. As checks and payments are received, Petrofly will store that data and also notify you when payments have not been made past a specified time.

Paperwork Generation

Reduce time spent on writing and creating statements with single-click file generation and bulk generation features to handle all your partners at once.

Workflow Automation

Save days by reducing the manual and redundant processes in your workflow. Leverage powerful solutions to drive efficiency and productivity.

Streamined Joint Interest Billing Management

Integrated Joint Venture and Royalty Solutions

Petrofly's software provides flexibility and scalability to manage and streamline any additional processes or information necessary for your operation. Reduce paperwork and errors, enhance productivity, streamline processes across your operation, and improve communications with owners and partners with our advanced modules.

Interest Partners
Easily manage and keep up-to-date information on all interest partners and division orders.
Royalty Payments
Track and manage royalty payments for owners and partners with a notification when their amount reaches a certain limit.
Joint Interest Billing
Track and manage joint interest billing statements and payments efficiently.
Title Management
Intuitive title management system to account for changes in title ownership.
1099 Assistance
Creating and providing 1099s to owners and partners is a simple process on Petrofly.
Royalty Reconciliation
Petrofly also provides the ability to distribute purchase statement amounts for royalty reconciliation.
Automatic Withholding
Petrofly's system will automatically calculate, track, and manage withholding amounts and provide assistance in reporting.
Partner & Investor's Reports
Prepare detailed reports for partners and investors within minutes and reduce inquiries with high-level details and breakdowns.
Suspense Management
Reduce time spent tracking, processing, and allocating royalties in suspense in an effective and intuitive manner.
Shut-In Royalty
Handle the management and payment of shut-in royalties in a timely manner. Seamlessly generate and issue payments in an optimized process.
Gas & Mineral Servicing
For operators that provide gas or other minerals directly to landowners, Petrofly has the tool to effectively record, track, and calculate all details associated with that allocation.
Purchase Adjustments
Petrofly takes out the hassle of managing and communicating purchase adjustments. The system will automatically calculate each owner's share of the adjustment and provide details regarding the changes.

Want to Streamline your JIB Management Workflow?

Utilize the simple-to-use software from Petrofly to streamline and improve your joint interest billing procedure. Utilize contemporary techniques to get rid of tedious paperwork and guarantee that your partners are paying you.

Streamlined Royalty Management Workflow

Streamline and Optimize Operations with Oil and Gas Accounting Solutions

Royalty Management
Reduce time spent processing royalties and revenues, eliminate mistakes and repetitive paperwork, drive workflow productivity, and ensure your interest owners are paid on time on an intuitive platform. Manage your interest partners and division orders efficiently and effectively.
Owner Relations Suite
Petrofly allows oil and gas operators to manage, understand, and generate joint interest billing and royalty payments on the fly. Automatically compute and allocate revenue and expense distributions as purchase statements and invoices are recorded into the system.
Accounting Suite
Petrofly's accounting suite is fully integrated with all aspects of oil and gas operations. Look at the performance of assets based on sales, production, and expenses with expenditure and profit analysis. Effortlessly handle JIBs and Royalties while tracking the compliance of royalty owners and partners.
Oil & Gas Production
Petrofly’s production software automatically processes production data to clearly and efficiently understand profitability. Petrofly is an all-in-one software connecting production with expenditure, owner relations, and more. Making it simple to visualize and analyze your entire operation to reduce production and increase workover efficiency.

Speak with a representative to learn how Petrofly can help you improve productivity, save time, and reduce costs.

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What Our Clients Have to Say

"We had a long and repetitive process for handling JIBs. Petrofly made a custom page for us with no additional cost after we signed up. All we have to do now is click generate, and everything is taken care of for us in a couple of seconds. To be able to view all of my production through my email is also a nice addition to have."

-Robert Sampson, Owner, Alpha Resources

"As an operator that has multiple assets in multiple states, it is especially difficult for us to find new servicers when a new job comes up or when we are looking to lower our expenditure on a specific workover. After adopting Petrofly's platform, we were not only able to get connected to vendors with better pricing but also get notified when some of our expenditures were too high compared to the market."

-John Berman, Lead PE, SMN Production Company

“Petrofly has been an easy-to-use, web-based application that our corporate employees and field-level employees can access via laptop, phone, or tablet to improve the reporting of daily oil and gas production, expense reporting, and production history generation. This one-stop shop for data entry has saved us countless hours and thousands of dollars of labor that would otherwise go into manually recording these entries from different sources like gauge sheets, excel sheets, invoices, receipts, etc. I highly recommend the product to E&P companies, large and small.”

-Jogesh Vashisht, CEO, Vast Oil, Inc

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