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.
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.
Reduce time spent on writing and creating statements with single-click file generation and bulk generation features to handle all your partners at once.
Save days by reducing the manual and redundant processes in your workflow. Leverage powerful solutions to drive efficiency and productivity.
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.
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.
"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