Owner Detail Statment

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Owner Detail Statement

Features of the Owner Detail Statement:       

• Owners can quickly determine their tax liability from this report                                                                                                                        
• Shows the decimal interest for each transaction  (NEVER before available)                                                                                                          
• Every investor must provide their tax accountant with their share of revenue, taxes, and expenses                                                                        
• Investors need to know monthly, and usually quarterly, how their personal Well P & L's stand and not have to wait until the end of the year        
• Operators will be able to offer this service for the Owner Detail Statement for a fee to their investors, rather than using spreadsheets                        
• Cross checks are always correct monthly, quarterly or yearly                                                                                                                            
• Operators will provide accurate information for ANY period                                                                                                                                          

Owner Detail Statement contains 4 reports:

1.  The "The Owner Detail Statement - JIB Listing" is the detail by owner, by well for the time period you specify.

You can print this report by day, month, quarter or year. This date sensitive report will give you detailed information for General Ledger categories 3xxxx, 5xxxx,71xxx-75999. Shows owners decimal interest and their share for ALL status percents (1-8). This report is only good as of Operating Statements printed and updated as of 01/01/2011 and forward, and for those who installed the 2011 updates in January.

2.  The "Owner Detail Statement - Period to Period" is a summary by owner, by well for the time period you specify.                                                

It does not show detail, rather only sum figures by General Ledger categories 3xxxx, 5xxxx and 71xxx-75999.This report is only good as of Operating Statements printed and updated as of 01/01/2011 and forward, and for those who installed the 2011 updates in January.

3.  The" Owner Detail Statement - JIB Listing"  (Print Recap) will summarize the values for the dates specified on the filter, by owner and by well.        

This report will print in owner number order consecutively, and will most likely be for company purposes. The report does not show detail, rather only sum figures by General Ledger categories 3xxxx, 5xxxx and 71xxx-75999.This report is only good as of Operating Systems printed and updated as of 01/01/2011 and forward, and for those who installed updates in January.

4.  The "Owner Detail Statement - Period to Period" (Print Recap) will summarize the values beginning with January 1st (or the first Operating Statement updated in the current calendar year) and end with the date you specify for Ending Date on the filter.                                                              

This report will print in owner number order consecutively, and will most likely be for company purposes. This report does not show detail, rather only sum figures by General Ledger categories 3xxxx, 5xxxx, and 75xxx-75999. This report is only good as of Operating Statements printed and updated as of 01/01/2011 and forward, and for those who installed the 2011 updates in January.

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