Unlock the Benefits of Royalty Workflow Automation for Your Back Office
Increase Productivity
Reduce time and effort spent processing purchase statements 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.
Save Time & Money
Processing purchase statements and preparing royalties in a single, streamlined process reduces labor and resource costs. Reduce time spent reviewing, consolidating, and preparing paperwork.
Streamlined Processes
Reduce the complexity and manual calculations required to prepare royalties. Consolidate and organize data in an intuitive and robust database to easily trace and find the required data for reports.
Petrofly's Royalty Management Key Features
Automatic Allocation
Each interest partner's share is automatically calculated and allocated as purchase statements are entered into the system. Withholding and special conditions 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.
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.
Integrated Royalty and Joint Venture 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, and improve communications with owners and partners.
Interest Partners
Easily manage and keep up-to-date information on all interest partners and division orders.
Learn MoreRoyalty Payments
Track and manage royalty payments for owners and partners with notifications when their amount reaches a certain limit.
Learn MoreJoint Interest Billing
Track and manage joint interest billing statements and payments efficiently.
Learn MoreTitle Management
Intuitive title management system to account for changes in title ownership.
Learn More1099 Assistance
Creating and providing 1099s to owners and partners is a simple process on Petrofly.
Learn MoreRoyalty Reconciliation
Petrofly provides the ability to distribute purchase statement amounts for royalty reconciliation.
Learn MoreAutomatic Withholding
Petrofly's system automatically calculates, tracks, and manages withholding amounts and provides assistance in reporting.
Partner & Investor 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 automatically calculates each owner's share and provides details regarding the changes.
Want to Streamline Your Royalty Management Workflow?
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 how their portion of the asset is accounted for and taken care of.
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