Revenue/Royalty Distribution - Division Order System

Select Technology Services, Inc. currently provides Client/Server based Revenue/Royalty Distribution - Division Order Systems.  The currently supported installations pay for hundreds of millions of dollars of crude oil and gas each month.

Select Technology Services, Inc. has licensed its Revenue/Royalty Distribution and Division Order Systems in the past to operate on IBM mainframes, Super Mini Computers, and various networks.  Only the Client/Server based systems are now in use.

Current technology allows one company to process monthly royalty in less than one hour when their old system required 16 hours to process the same volume of lease purchased crude oil payments!

Select Technology Services, Inc. Revenue/Royalty Distribution - Division Order System features:

Calculates corrected run ticket volumes per API table 5A & 6A

Generates Run Statements - Preliminary and Final Statements

Prices tickets based current posting, highest, lowest, average, daily average, etc.

Prints COPAS compliant revenue checks

Generates GE CODE transmission files

Maintains date sensitive division of interest decks for all interest types

Maintains minimum and legal suspense sub ledgers

Generates all states escheat reports

Automatic allocation processes

Generates production and severance tax reports for most states

Generates regulatory agency reports for most states (example RRC T1 report)