The #1 Software for Oil and Gas Accounting

Reduce time spent processing royalties and JIBs, eliminate data inaccuracies, decrease repetitive paperwork, drive workflow productivity, and lower overhead costs on an intuitive platform. Petrofly streamlines your back office workflow into a consistent and timely process to reduce labor costs and increase productivity.

  • Automatic royalty & JIB calculations
  • Detailed royalty, invoice, and workover details breakdown
  • Integrated division order management
  • Reduce repetitive paperwork, admin, and overhead costs
  • Payment tracking and 1099 assistance
  • Ensure timely billing, invoicing, and recoupment
  • E-filing assistance and tax preparation features
  • Built-in operational expenditure and profit analysis
  • Look at the performance of assets based on sales, production, and expenses
Accounting Software for Oil and Gas Operations
Software Connect Software Connect
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G2 G2
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Capterra Capterra
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Software Advice Software Advice
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The Accounting Solution for Oil & Gas

Industry Expertise
Petrofly's accounting system automatically accounts for niches, conditions and regulations, production values, and taxes and streamlines the workflow and process required to prepare oil and gas-specific reports, statements, and invoicing.
Royalty and JIB Handling
Save time and overhead costs with royalty and JIB workflow automation. As revenues and expenses flow through the system, interest partners' shares are automatically calculated, allocated, and recorded into the accounting system.
Financial & Tax Reporting
In addition to the standard accounting reports, Petrofly assists with industry reporting, such as 1099s, ONRR Ogor, ONRR 2014, and state-specific reports. The system will automatically prepare the data and help export it in ready-to-file format.
Well Performance
Make use of detailed reports to visualize and analyze each well's performance and profitability. Analyze spending and workover effectiveness on wells to drive vendor relationships.

Petrofly's Oil & Gas Accounting Suite Key Features

Traceability & Verification

Petrofly will verify and double-check fields such as invoice date, invoice number, vendor, customer, etc. to prevent fraudulent entries into the system. In addition to tracking entries into your accounts, Petrofly also tracks the user who created, changed, or approved entries in the system.

Robust Reporting Features

Besides the standard accounting reports such as income statements, balance sheets, etc., Petrofly offers customizable reporting. Simply select the data you wish to see and output. We also offer the ability to set up your own report templates.

Data Analytics & Forecasting

Petrofly's accounting dashboard helps visualize trends and performance within your operation in various scopes. Combined with Petrolfy's expenditure analysis, sales analysis, and forecasting capabilities, making business decisions has never been so simple and effective.

Stress-Free Setup

Our data migration specialists here at Petrofly will onboard and verify your data quickly and effectively while keeping you up-to-date on the details. They will also work with your team to ensure the proper routing of data to accounts. General setup times range from 1 to 2 weeks.

Petrofly Royalty Payments Made Easy

Speak with a reprensative to learn how Petrofly can help optimize and streamline you accounting workflow.

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Unlock the Benefits of Royalty and JIB Workflow Automation for your Back Office

Increase Productivity
Reduce time and effort spent processing purchase statements, entering operating expenses, calculating JIBs, and preparing revenue statements for royalty owners and interest partners, allowing your staff to focus on more profitable endeavors.
Improve Communications
Decrease royalty inquiries with a detailed breakdown of production sale information and improve relationships with timely delivery of royalty and revenue payments. Improve responses with operators and partners with detailed lease operating statements, expense, and workover breakdowns. Alongside the ability to automatically invoice copies via email.
Save Time & Money
Automating and streamlining workflow processes with Petrofly reduces overhead, resource costs, and ownership costs by reducing labor hours, redundant paperwork, and filing. Reduce time spent reviewing, consolidating, and preparing paperwork. Deliver royalties on time to satisfy interest owners and improve turnovers for JIB payments.
Streamlined Processes
Reduce the complexity, manual calculations, and training required to prepare JIBs and royalties. Consolidate and organize data in an intuitive and robust database to easily trace and find the required data for reports and invoices.

Petrofly's Royalty & JIB Management Key Features

Automatic Allocation

As expenses and purchase statements are entered into the system, each interest owner's share is automatically calculated and allocated to the proper production month, category, and cost center. Withholding, special conditions, and purchaser contracts are also taken into account.

Payment Tracking

Details for statements, checks, and payments are automatically tracked and recorded as the system generates them to fulfill payment responsibility and provide clear traceability. As checks and payments are received from partners, Petrofly will store that data and also notify you when JIBs have not been paid past a specified time.

Paperwork Generation

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

Workflow Automation

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

Petrofly Royalty Payments Made Easy

Integrated Oil and Gas Accounting 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.

General Ledger
Petrofly makes it easy to track and view all transactions within your operation.
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Accounts Payable
Simplify your accounts payable with a built-in notification system and streamlined payment options.
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Accounts Receivable
Effective tools to record and track sales and notify clients when payments are due.
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Chart of Accounts
User-friendly setup with integrated reporting and additional services for oil and gas operations.
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Financial Reports
Petrofly has you covered with Balance Sheets, Profit and Loss, Cash Flow as well as custom reports.
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Vendor Management
Track and manage all your vendors, contractors and suppliers with built-in vetting and alert systems.
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Payroll
Integrated with automatic calculations to ease the frustration and time consumption of the payroll process.
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Budgeting & Forecasting
Petrofly's advanced budgeting and forecasting tools will help your company estimate income and expenses and assist your team in determining the right budget for your operation.
Spend Analysis
Visualize and examine your operational spending to drive vendor relations and business decisions. Sort and analyze trends in any way you like.
Interest Partners
Easily manage and keep up-to-date information on all interest partners and division orders.
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Royalty Payments
Track and manage royalty payments for owners and partners with a notification when their amount reaches a certain limit.
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Joint Interest Billing
Track and manage joint interest billing statements and payments efficiently.
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Title Management
Intuitive title management system to account for changes in title ownership.
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1099 Assistance
Creating and providing 1099s to owners and partners is a simple process on Petrofly.
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Royalty Reconciliation
Petrofly also provides the ability to distribute purchase statement amounts for royalty reconciliation.
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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 adjustments and provide details regarding the changes.
ASC 842 Lease Accounting
Effectively manage and track your amortization, liability, and lease expense for all your operating and finance leases per ASC 842 standards.
Fixed Asset Depreciation
Automatically track and determine asset depreciation values per accounting and government guidelines. View book and tax depreciation side-by-side.

Streamline and Optimize Your Operation with Oil and Gas Accounting Solutions

JIB Management
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.
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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.
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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.
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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.
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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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