Last run we inadvertently paid an override owner for one well, which should have been on hold. How do we correct?

Once a check has been sent out, there's not a way to re-coup that money. About the only way to get it back is to make a negative revenue entry for that well on the Well Revenue by Well screen, and fill in that owner in the "Allocate All To" field. This will give them a negative income amount, which will then be put against any future earnings that they'll have.

You can also enter a suspense balance for that owner. The "Allocate All To" method is a little simpler, but you're welcome to enter a suspense balance, too.

You'd need to go to the Maintain > Suspense History screen, and add a new record. Fill in the owner, well, group, and the run number and run year of the last closing for that well. Next, enter the amount of revenue, taxes, and the net amount. Set the action as Into Suspense and the type as Minimum, and then click Save. That will create a balance for them, which will be collected, and taken out of their future earnings. Enter the revenue, taxes, and net amount all as positive numbers.

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We just found out that the chart integrator we use made a mistake on some charts which resulted in us being overpaid for 3 months of production in 2007. We in turn overpaid our land owners using these incorrect numbers. Is it possible to do a production run with negative quantities so that when we run historical reports we will see the corrected production numbers? If that is not possible is there another way to correct these old production numbers?

That is possible. You can enter the negative production and amounts on the Well Revenue by Well screen.

However, I assume that the purchaser will show this adjustment on the next check that they send you. I recommend just waiting until you receive the next check to make this correction. You can then enter the check as normal and add an extra detail line with the negative amount for the adjustment.

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