Optimized Payout Tracking and Reporting for Oil & Gas

    Providence Payout Reporting helps oil and gas companies manage payout recovery with precision and transparency. It simplifies tracking, automates calculations, and provides clear, real-time reporting for confident decision-making and accurate distribution.

    Key Features

    Payout tracking
    Payment schedules

    Fully integrated with Revenue Distribution and Joint Interest Billing, it delivers flexible, accurate, and auditable payout management, handling every scenario with full transparency and control.

    • Payout tracking by property and phase: Monitor payout activity and recovery across properties and phases for complete visibility.
    • Multi-phase payout calculations: Handle multiple payout conditions within a single property to manage intricate payout structures.
    • Flexible extraction criteria: Extract payout data by property, date, or group, and re-extract prior periods after adjustments.
    • Income and expense integration: Link income and expenses to payout phases to determine net revenue and ensure accurate recovery.
    • Comprehensive owner information: Track pre- and post-payout revenue and working interests to automatically update ownership decks.
    • On-demand owner schedules: Generate detailed payout schedules by property, phase, and owner for precise reporting.
    • Activity and published tracking: Compare transaction-based payout activity with published owner statements for transparent reconciliation.
    • Historical data extraction: Reprocess historical payout information to correct or adjust past transactions.
    • Non-participating owner payout statements: Providence calculates and produces non-participating owner payout statements as required by COPAS.

    Why Choose Providence Payout Reporting

    Providence Payout Reporting gives you the flexibility to manage even the most complex payout scenarios with clarity and confidence. It eliminates manual tracking, improves accuracy, and ensures that every calculation and report reflects real-time, verified data. Designed for oil and gas operations, it integrates seamlessly with Providence’s financial suite, empowering teams to close faster, stay compliant, and maintain full transparency from production to payout.

    Providence Payout Reporting gives you the flexibility to manage even the most complex payout scenarios with clarity and confidence. It eliminates manual tracking, improves accuracy, and ensures that every calculation and report reflects real-time, verified data. Designed for oil and gas operations, it integrates seamlessly with Providence’s financial suite, empowering teams to close faster, stay compliant, and maintain full transparency from production to payout.

    Want to see more? Contact us to request a product demo today.

    See how Providence Payout Reporting transforms payout tracking into a clear, automated, and reliable process. Request your personalized demo today.

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