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.

Streamline Oil & Gas Operations with One Simplified System

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There is an easier way to manage the complexities of Oil & Gas accounting.

Does any of this sound familiar?

The “home grown” accounting system you invested in years ago now struggles to keep current with the realities of your changing and growing operations.
You and your staff spend hours on double data entry using a non-oil & gas accounting software package like QuickBooks® and manual processes tracked in a mess of spreadsheets.
Your Land, Production, Accounting and Revenue Billing modules are all in different programs – and none of them seem to talk to each other.
Getting the information you need out of your business software in order to make important business decisions, like acquisitions & divestitures, is like pulling teeth.

Learn how WolfePak Software has helped over 1,100 Oil & Gas firms streamline their business operations, reduce operating costs, grow with existing resources and have easy access to the data you need.

Please visit our Customer Success Portal to view the recorded webinar.

Make sure you have an account by checking in with our support team (support-accounting@pakenergy.com).

Streamline Oil & Gas Operations with One Simplified System

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