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Pak Accounting's Oil & Gas Land Management System manages data pertaining to Land Contracts (Oil, Gas, and Mineral Leases), Prospects, Tracts, and Mineral Owners. The system provides a land manager with the ability to not only record payment obligations, but to write checks as well. It also provides an almost endless ability to keep in-depth, date-sensitive notes pertaining to land records.

 

 

Pak Accounting Interface: Land interfaces with the existing owner's setup in the Revenue / Billing module. All payment entries go to the General Ledger system.

 

 

Pak Accounting Land System features include:

•Editing of contract detail, obligations, lease and tract comments, legal description, and lease provisions are available.

•Contract recording information with customizable contract listing reports.

•Tracks both lease and well detail and ownership.

•Tracking of contract detail to leases, tracts, and wells.

•Tracking of owner's percent of minerals and percent of surface by lease or tracts.

•Acreage Status reporting for Contracts and Prospects.

•Payment obligations reporting.

•Check printing payments can be made through the Land System or Accounts Payable.

•Set up unlimited Payment types.

•To do menu item, listing items and done items by lease and tract.

•Each lease can be associated with an unlimited number of tracts or pools.

•Prospects and lease costs are tracked.

•Prospect NRI Reporting.

•An unlimited number of special obligations can be set up for each lease.

•Horizon setup and reporting.

•Exhibit A with editing capabilities.

•Notice of special obligations can be provided and special obligations can be referenced to contracts.

•Export CSV files and Import Special Provisions and Payment types.