A division order sets each owner's decimal interest in a well's revenue. WellsManager stores that decimal as an investor stake, applies it to the period's sales and costs, and pays the investor with a statement that shows how the number was reached.
Each stake records the net revenue interest and expense interest for one investor on one well. Change a decimal and the next period's statement reflects it.
Schedule payouts per investor, record each payment, and keep the history on the investor record. The investor payments report lists what went out and when.
The operating statement lists net income per lease, the subtotal, any unpaid previous balance, and the total, so an owner asking what they are owed gets a page, not a phone call.
Investors sign in to see their own statements and payments. Staff get a short written brief per investor before picking up the phone.
WellsManager does not draft division orders, run title, or verify ownership. The decimal comes from your division order or title opinion; WellsManager applies it and keeps the record straight.
A document from the operator or purchaser that states each owner's decimal interest in a well's production revenue, which the owner signs before being paid.
Working interest multiplied by the share left after royalties. The blog has a worked NRI example built from a division order.
Yes. Each well has its own stake for that investor, so different decimals per well are normal.
No. Investor logins are part of the operator's plan; each plan includes a number of investors.
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