Getting started with Oil & Gas

#How the module is organized

Wells are the physical asset; Partners are the parties with a working or royalty interest in a Well. AFEs (Authorization For Expenditure) approve spending on a Well before it happens; Joint Interest Billing then allocates actual costs to Partners according to their share, producing a Partner Statement.

#Where to start

1. Get an AFE approved before spending against a Well — Joint Interest Billing assumes costs are already authorized.
2. Partner ownership percentages need to be current before running Joint Interest Billing, or statements will misallocate cost.
3. Partner Statement is the document actually sent to partners — review it before Joint Interest Billing is finalized, not after.