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If you have a percentage of 12.5%, it needs to be entered as "12.5" or "12.5000000". It should not be entered as ".125" or "0.1250000".

When I am in division of interest, how do I get the information added for interest views?

The items will show in Interest Views once you've entered them and clicked Save on the Owner Interests portion of the screen. Just be aware that the default view is Working Interest owners when you switch to Interest Views, so you may have to switch it to show oil/gas revenue to see any royalty owners you add.

I was given information that two owners are both "override" owners for one well. Each time I enter the owners and then I check the division of interests, the one override owner I just entered overrides the other owner that I entered. Can you not have two override owners for one well?

Make sure you click New before starting to add the next owner. If you find yourself overtyping information on the screen, you're actually changing an existing record. After you click Save, click New, and you start with a fresh blank screen.

I am also concerned about making sure that the allocations for each owner is correct and that they will all add up to 100%. Our accountant did the first round of input so I am trying to duplicate what she did, but I am not coming up with 100% when all the owners are added to the well.

Normally, you should be able to let the software calculate the revenue percentages for the Working Interest owners automatically, which will ensure that the well totals 100%. You should be able to enter the working interest percentages, and as you add royalty owners, it will automatically adjust down the WI revenue percentages to make up for the new owners.

My boss talks about owners net revenue percent versus the working interest. How are both of these percents entered into the system? There was one previously entered by our accountant and it is a working interest owner with 42.xxx% in gas rev. and other and then 50% in taxes.

The working interest percentage is the percentage of expenses that the owner is responsible for. The net revenue interest is the percentage of revenue that will be allocated to them after all royalty and override owners have been paid. Here's a simple example: within a well, there is a 12.5% royalty owner. There are also two working interest owners, each owning 50% working interest. Since the royalty owner must be paid first, the two working interest owners will not receive 50% of the revenue on the well. Instead they will receive 100 - 12.5 = 87.5 * .50 = 43.75% net revenue interest. They'll earn 43.75% of revenue, which is their proportionate share of the remaining 87.5% revenue after the royalty owner is paid.

Typically, the percentage entered in the revenue classes, and the tax classes is the working interest owner's net revenue interest, and the portion shown in the working interest field is in fact his Working Interest. The system is set up to calculate the net revenue interest for you based on the royalty and override owners that have already been added to the well's Division of Interest. Therefore, when it's time for you enter a working interest owner's interest, simply input the working interest percentage in the Working Interest field, and then click Save on the toolbar. The system will then calculate the net revenue interest and enter it in the Oil Revenue, Gas Revenue, Oil Taxes, and Gas Taxes.

When I'm entering the DOI's...I enter my oil revenue & my gas revenue and my Working Interest - then when I hit save the numbers change. What's going on?

This is by design. It is intended to help people with data entry if they have the "7/8ths" interests for the Working Interest owners. Since it is not helping you, just mark the "Don't automatically calculate net revenue interests" at the top of the screen. The numbers will not change then.

When I enter the division of interests, the revenue interest defaults to the same as the working interest. I only entered working interest and we do not disburse revenue. Is this OK?

The system is designed to calculate the Net Revenue Interest for any working interest owner based on the total royalty and override interests defined for that well's Division of Interest. It sounds like you don't have any royalty owners set up in the well's DOI, and therefore, it's calculating the same percentage of revenue for them as their working interest percentage. If you are only going to be billing out expenses, and not disbursing any revenue, then this is fine. However, if you ever begin to send out revenue on these wells, be sure that you correct the revenue percentages in the well's DOI before doing so.

On my run this month I have a new well and have money for it, but.......I do not have the information to set up the well as for as DOI, etc. I want to set up the well since I know the well name and then post the receipts to my check will be in balance from the other wells on the check. I just do not want to send out the money until next month when I have all information and DOI. Can I set it up and the money will not release until I set up the correct information next month?

Yes, you can do this with the following steps:

Set up an unknown owner. (Name him whatever you want, maybe "Unknown")
Put the owner on hold.
Give the owner 100% interest in the new well.
You can then enter Revenue and Expenses for the well and close the run if necessary.
When you figure out who the new owners are you can transfer the Division of Interest and history to the new owners with the "Transfer DOI Between Owners" utility under the Utilities menu. Be sure to mark the option to include owner and suspense history, then choose the run as far back as you need to transfer. This will transfer the interests and past history to the new owners.

I have one line item on an AFE that needs to be distributed according to a different DOI deck. I know that when entering this expense, I can code to the appropriate class to do this, what I'm wondering is there any way to fix it so that the "Gross Amt" and "your share" of estimated costs would reflect this different DOI for this line item?

It will not pick up the different class if you change it for the detail line on the enter bills screen. The AFE reports are not looking at the class that is used on the Enter Bills screen. They are looking at the default class that is specified for the expense on the AFE/Expense Categories screen.

Change the default expense class on the Expense Codes screen for this expense code. The AFE reports will then correctly pick up the Gross and your share.

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