Critical Well Life Cycle JIB GWI DOI Events Features and Functions

• Sets up, maintains and stores entire critical well life cycle of JIB GWI DOI events within the system (land exploration/division order and JIB)


• Identifies partners consenting to AFE/project


• Identifies regular interest conveyances (Partner A sells interest to Partner B 5)


• Identifies operator changes


• Business associate collapses


• Post-completion casing point elections


• Non-consent payouts


• Stores critical well life cycle JIB GWI DOI events within ERP


• Embeds critical well life cycle JIB GWI DOI events as part of the ERP


• Interfaces critical well life cycle JIB GWI DOI events from another system


• Interfaces GWI DOI information


• Allows new billing decks to be effective-dated when previous deck expires


• Allows users to override the date sensitive division of interest


• Reconciles and monitors data transfer


• Reconciles and monitors data transfer from other applications


• Reconciles and monitors data transfer from other systems (such as well systems and domain)


• Reconciles all GWI and DOI events with reports for interest discrepancies


• Allows for separate COPAS overhead billing deck setups


• Allows for nonbillable expense category type billing decks


• Creates multiple distributions for properties


• Creates multiple distributions for cost centres


• Generates ERP system e-mail notifications to the users when wells reach critical stages (ex: carried working interests, payout, etc.)


• Allows user to select billing decks for mass copy


• Allows user to select billing decks to be changed for mass business associate changes


• ERP has reports to monitor when missing decks exist


• Allows master billing decks to be created


• Allows dependant billing decks to be created (A dependant property billing deck would look like a pointer-deck back to the master property billing that contains actual ownership information)


• Allocates expense category billing decks to master deck


• Allocates expense category billing decks to dependant deck