Joint interest billing is how an operator recovers each working-interest partner's share of lease operating expense. WellsManager keeps the three inputs on the same record: the well, the cost, and each partner's expense interest.
Each investor stake on a well records a net revenue interest and an expense interest as decimals. The expense interest is what drives cost sharing.
Well costs carry the vendor, invoice, type, category, and quantity, with the Field Log record attached. The partner's share comes from a cost that already names the well.
The period operating statement nets each investor's revenue and expense share per lease, carries an unpaid previous balance, and totals what is due or owed.
The blog guide walks through what a JIB is, what belongs on it, and how small operators keep partners from disputing it. Start there if JIB is new to your office.
WellsManager does not generate a standalone JIB invoice today. Partners see their expense share on the operating statement. If you need COPAS-format JIB statements or AFE tracking, we are not the right fit yet, and we will say so on the call.
The monthly bill an operator sends non-operating partners for their share of lease operating expenses, based on each partner's working or expense interest.
Not as a separate document. Each partner's expense share appears on their operating statement for the period.
From the investor stake on each well, entered as a decimal between 0 and 1, alongside the net revenue interest.
Investors have a role that shows them their own operating statement and payment history and nothing else.
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