First Purchaser

First Purchaser is designed for the First Purchaser of Crude Oil. Track oil from run tickets or lact unit metered oil all the way through the distribution of revenue to working interest or royalty interest owners.

Pak Accounting Interface: the First Purchaser System in the Production module shares properties with the Revenue / Billing module and the ticket extraction process will send the run ticket information to the General Ledger system for revenue distribution.

Features include:

•Options to create Operator Run Statements via paper or emailing.

•Options to import and export oil and gas purchaser statements via CODE format.

•Options to import and export run tickets to CSV.

•Severance tax module to calculate taxes as well as the Transporter reports for TX and LA.

•Capability to tract inventory vs. sales with reporting.

The First Purchaser by State module offers three levels. The three levels are as follows:

1.Hauler – Limited report access. Haulers do not have access to state reports. Does allow for billing for hauling and paying drivers. Only have access to hauling price contracts.

2.Transporter – Full report access, including the state reports. Does allow for billing for hauling and paying drivers. Only have access to hauling price contracts.

3.First Purchaser – Full access to the entire First Purchaser by State module. No limitations on reports. Full access on price contract types, including buy contracts, sell contracts, pay drivers, and bill for hauling.

First Purchaser Flow

Setup Checklist

First Purchaser Entry

First Purchaser Monthly Cycle

First Purchaser Reports

First Purchaser Historical

First Purchaser Pricing/Other File Maint

First Purchaser Company Maintenance

First Purchaser Utilities