What is PakEnergy's Accounting ERP, and what industries does it serve?

PakEnergy Accounting is an industry-tailored Energy ERP (Enterprise Resource Planning) system designed to manage complex financial and operational workflows. It is built with over 35+ years of expertise specifically for the needs of upstream E&P operators, midstream first purchasers, investors, and renewables developers. We provide a scalable SaaS solution to unify your back office and field operations.

How does PakEnergy ensure compliance and accuracy in financial reporting?

PakEnergy Accounting ensures accuracy and minimizes compliance risk by providing audit-ready workflows and embedded regulatory knowledge. Our features support SOX-ready standards, offer precise royalty and tax reporting, and handle necessary filings such as 1099s and state-level escheat compliance. The system uses real-time data and comprehensive audit trails, allowing your back office to operate with complete transparency.

Does the PakEnergy system handle specialized oil & gas billing processes like JIB and Revenue Distribution?

Yes. Our system is built around the core financial needs of the energy sector. The integrated Joint Interest Billing (JIB) module automatically allocates costs to investors and partners, supporting multiple AFE (Authorization for Expenditure) netting options and different overhead rates. Additionally, the Revenue Distribution module simplifies the complex process of correctly calculating and distributing revenue to owners, ensuring timely and accurate payments.

Is the PakEnergy platform scalable for growing companies?

Absolutely. One of our core strengths is that PakEnergy is a scalable cloud-based SaaS platform. This means your accounting operations can grow without adding headcount. The unified, end-to-end structure is designed to handle expansions, acquisitions, and increasing transaction volumes efficiently, allowing you to modernize legacy systems and focus on growth.

Can I integrate accounting data with my field operations and production software?

Yes, that is the core advantage of the PakEnergy platform. Our accounting solution provides end-to-end automation that links seamlessly with modules like Pak Land, Pak Production and OnPing. This integration gives you real-time visibility into operational costs, production volumes, and financial performance, effectively automating workflows from field to finance.

How Land Teams Can Prepare for Smooth Data Transfers During Divestitures

The modern energy industry is one of frequent divestitures, mergers, and acquisitions. With companies divesting non-core assets at high levels, divestitures are a fact of life for today’s oil and gas professionals. However, just because they’re relatively common these days doesn’t mean divestitures aren’t a major stressor for land teams.

Oil and gas land administration departments need to maintain accurate, well-organized lease records with clear ownership histories. With the right land management software, land teams can strategically prepare for asset sales and M&A activity, streamlining the process when divestitures occur.

Start With a Foundation of Clean, Reliable Data

Team-of-land-administrators-reviewing-organized-digital-lease-records Before any transfer, land teams need to conduct a thorough review of all relevant data. For companies still relying on legacy data governance methods, this could mean reconciling years’ worth of inconsistent naming conventions and outdated status fields. These issues can cause delays and force land teams to work with unreliable data.

Land management software solutions help land teams standardize data capture company-wide. The best land management software streamlines data cleanup, producing a single, unified data source rather than relying on siloed spreadsheets and disconnected databases.

Centralize Records and Supporting Documents

Companies acquiring assets expect to see a complete picture of their history through extensive documentation. Operators with disorganized or inconsistent land data can create significant bottlenecks, delaying transactions and causing tension between buyers and sellers.

Land management solutions keep every agreement and supporting document in an easily searchable database. Considering that the energy industry is heavily regulated by entities like the Bureau of Land Management, proper documentation and data governance are a must. If your land files are still scattered across disconnected databases, it’s time to digitize and centralize them before you get left behind.

Leverage Intuitive, Repeatable Workflows for Data Transfers

Divestitures are much easier when teams follow structured processes. Collaborative workflows within land management software help make sure nothing slips between the cracks, validating every file and delivering complete data to the acquiring company.

The right tools can automate much of a land administration team’s repetitive work, like validating spatial data, organizing files, and preparing ownership reports. This is especially important for oil and gas land administration teams overseeing hundreds or thousands of leases across multiple basins.

Maintain Clear Interest Ownership and Payment Details

Buyers need confidence that surface and mineral rights, and their related payment obligations, are 100% accurate. Without reliable, centralized land data, teams spend too much time validating data and aligning payment details with ownership records.

With land management software for oil and gas, land administration teams can reconcile ownership details across their full asset ecosystem. This helps streamline the pre-due diligence process and prepare both sides for smooth divestitures.

Standardize and Fully Integrate Mapping Environments

GIS-map-used-to-support-accurate-data-transfers-during-oil-and-gas-divestitures

Divestitures often involve transferring GIS mapping data. If this data is inaccurate, it can cause a variety of downstream ripple effects, including operational issues and misaligned development plans. Oil and gas land management software provides land teams with the tools they need to link each contract to the correct surface and mineral ownership rights with geographical accuracy.

PakEnergy: Your Land Team’s New Technology Partner

Divestitures require land administration teams to be accurate, transparent, and efficient. With the right land management software solutions, land departments can strengthen their data governance and seamlessly collaborate with finance teams to push divestitures across the finish line.

PakEnergy provides the automated features and time-saving tools your land team needs to prepare for divestitures and A&D activity with confidence and clarity. Book a free demo today to learn more!

Or, explore our eBooks and webinars to learn how digital transformation is shaping the future of land management.