Each interest partner's share is automatically calculated and allocated as purchase statements are enter into the system. Withholding and special conditions are also taken into account.
Details for statements, checks and payments are automatically tracked and recorded as the system generates them to fulfill payment responsibility and provide clear traceability.
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.
Save days by reducing the manual and redundant processes in your workflow. Leverage powerful solutions to drive efficiency and productivity.
Petroly's software provides flexibility and scalability to manage and streamline any additional process or information necessary to your operations. Reduce paperwork and errors, enhance productivity, streamline processes across your operations, and improve communications with owners and partners with our advanced modules.
It has never been easier to streamline and optimize your royalty management workflow to keep your team productive and your interest partners satisfied. Petrofly allows you to keep your relationships in the oil and gas business running smoothly and provides detailed reports and timely payments so all party members have a clear understanding of what their portion of the asset is accounted for and taken care of.
"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 to 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 are 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 of 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