Financial Accounting
WE Financial Accounting provides a subset of modules to support general ledger, accounts payable and cash management operations. Key features include built-in end to end controls / visibility, integration with other modules, workflow approvals advanced reporting and leverage of third party services, e.g. OpenInvoice. These modules leverage Wagner Energy’s rich user interface and high-volume transaction processing capabilities. Our powerful business intelligence tool will provide modern analysis and integrated reporting capabilities across the entire Wagner Energy software solution.
Field Data Capture
WE Field Data Capture enables mobile operators and field personnel to easily capture volumetric readings and measurements, such as oil, gas, water, tickets, meters, equipment, well tests, inspections, downtime and other key metrics. The module also collects hourly flowback data along with fluid levels, treatments and other operational readings.
Land Management
WE Land Management has the enterprise-grade land management features you need with the technology you want. WE Land Management makes it easy to manage obligations, expirations, acreage, provisions and more in an intuitive way, while still not compromising on customizability to make the system work for your business. As a fully integrated solution, obligations move directly from the land approval workflow to Wagner AP for payment. Wagner GIS creates and manages land agreement polygons, allowing real-time spatial reporting of land data, and even automatic generation of quartered sections.
Division Order
WE Division Order integrates with our processing application or as a stand-alone module, providing a simplified yet fully-featured process for division order management and disbursements. Our DO module allows users to enter ownership for Wells, and use it for disbursements of Revenue to those owners. When integrated with other Wagner Modules, the system will take the results of the Well Settlement Valuation process, apply the Division Order Ownership, and generate payments that are sent to the Financials module for check generation. Provides full audit and SOX compliance.
Fixed Assets
WE Fixed Assets supports Multiple Depreciation Methods including Straight-line, UOP and MACRS and manages Fixed Assets for Financials and Tax. This module also has the ability to auto-create Fixed Assets from AFEs.
Tax & Regulatory
WE Tax and Regulatory calculates taxes and royalties for a wide range of states. Using the results of the allocation and valuation processes, this module calculates taxes and royalties within the application. In addition, reports for each state can be run in Wagner and exported directly from Wagner. The state tax and regulatory module is integrated with the Midstream Plant Processing or the Upstream Revenue Accounting module.
Purchase Order
WE Purchase Order allows creation of purchase order, integrated with a versatile approval engine. Purchase orders can be exported in PDF format or directly sent via e-mail. Items received on purchase orders can be transferred directly into inventory, expensed directly or expensed to an AFE. The Purchase Order module also includes Matching functionality, so that receipt lines can be matched to lines on an invoice.
Expense Reimbursement
WE Expense Reimbursement provides the process for employees to submit travel, entertainment, and other expenses that are eligible for reimbursement from your company. The data gathered in this application is interfaced to financials to properly account for expenditures and to reimburse the employee. The Employee Expense Reimbursement module is designed for upstream oil and gas companies but is robust enough to handle any company's travel and expense reimbursement needs.
Marketing
WE Marketing provides physical management of equity products including gas, NGLs, crude and refined products. Full invoicing, accounting and credit management are also included standard with this module. Handles the crude oil first purchaser case.
Contract Management
WE Contract Management provides management and reporting for all corporate contracts. The module uses contract workflow to track a contract from draft to signature and route appropriately. When contracts are due for renewal, the system alerts users and provides economic data on the performance of the contract.
Authorization for Expenditure
WE Authorization for Expenditure (AFE) improves controls and turnaround time for AFE approvals by integrating workflow and document management features. The module supports developing and booking capital accruals and improves forecast accuracy.
Expense Distribution
WE Expense Distribution's automated support for importing and exporting Payroll data from third party Payroll Systems allows for the processing and allocation of labor costs. User defined Pay Codes, qualified accounting strings for the translation of Paysheets, and automatic Employee Rate calculations are key to the successful posting of these labor costs to your General Ledger.
Gas & Crude Gathering
WE Gas & Crude Gathering tracks transitions from wellhead confirmations, through nomination cycles, to downstream confirmation cycles with pipelines and allocations all while managing the accounting movements of the product through a gathering system. The module has the ability to invoice shippers – based on contractual terms – calculate imbalances and create cash-out statements.
Accrual
WE Accrual accrues volumes and values for wells with or without a gas processing plant. The module creates a monthly flash (accrual/estimate) for an asset, utilizes estimated or actual volumes, and incorporates new volume or contract streams while delivering accuracy – typically within 2% of actuals.
Forecasting
WE Forecasting forecasts revenues from one to many months into the future. The module takes into account any product including crude, refined products, NGLs, condensates and residues. WE Forecasting can forecast gas revenues through a processing plant or directly to an interconnect.
Volume Balancing
WE Volume Balancing balances plant, compressor station, hub or other measurable facility where loss may be an issue at a component level, using inputs and outputs defined specifically for the pant configuration. Operators are able to monitor loss and unaccounted for, for each day’s production, and flag those losses when they are outside of your specified tolerances. Management is able to estimate recoveries and view projected sales on a daily basis. This completely automated approach to “balancing” gives your operations staff daily reports showing component level balances and comparing current period to previous. This is essential to identifying equipment / measurement issues quickly, which improves client’s ability to take corrective action in a timely manner. Trend reports provide management with a graphical representation of plant operations and sales.
Production Accounting
WE Production Accounting is the center-point for capturing, allocating, monitoring and reporting your company’s hydrocarbon volumes. The module allows for both automated and manually entered Field Data Capture of well volumes at a daily and monthly level. Master data for wells, equipment, meters, tank batteries are fully supported and serve as the foundation for gathering system set-up and maintenance. Gathering systems are monitored and maintained either in grid display or graphically via Wagner’s Asset Configuration screens. WE Production Accounting conducts single and multi-level allocations for all major E&P product types and dispositions. As a fully integrated solution, allocated production volumes are provided seamlessly to WE Revenue Accounting and WE Regulatory Reporting modules.
Revenue Accounting
WE Revenue Accounting pays working interest and royalty owners efficiently and timely. The module provides complete SOX and audit controls and combines the full-functionality of upstream revenue accounting with our rich user interface and advances land management.
Joint Interest Billing
WE Joint Interest Billing (JIB) provides key controls to manage and ensure accuracy of billing results, including owner exceptions, process reconciliations, re-runnable process steps and support for rebilling. The module includes automated support for importing and exporting standard third-party data formats.
Materials Inventory
WE Materials Inventory maintains balances of inventory at various locations throughout a company’s holdings. It allows transference of inventory into, out of, and between locations. Inventory can be managed with various adjustments including average cost updates, quantity adjustments, and status changes. When executed, Material Transfers generates and interfaces all financial transaction details into our Financial Accounting module. The Materials Inventory module works seamlessly alongside the Purchase Order and AFE modules to manage the full lifecycle of inventory.
Crude, NGLs & Refined Products
WE Crude, NGLs & Refined Products and Transportation handles both tariff and contract-based movements. The module provides advanced nomination and confirmation capability, inventory management, including inventory layering and an algorithm for allocation. Complete back-office functionality for invoicing, general ledger interface, imbalance and cash-out management and sub-account management come standard with this module.
Plant Accounting
WE Plant Accounting & Gathering is the industry leader in gas processing. These features, coupled with Wagner Energy’s ability to make the job of accountants easier, have all contributed to the rapid acceptance of this product as the new industry standard. WE Plant Processing & Gathering handles processor payments to producers, complex allocations and virtually any processing contract business development teams can imagine. Used by many of the largest processors in the country, this module is integrated with gathering, division order and disbursements, accruals, forecasting / budgeting and contract management, but can be delivered as a stand-alone module if desired.
Intrastate Gas Pipeline
WE Intrastate Gas Pipeline provides for tariff-based and contract rate-based gas transportation including multiple nomination methods, with a complete and easy-to-use Customer Activity Website (CAW) for your shippers. This configurable module has the flexibility to change with your business needs, typically without the requirement of additional programming. Includes pooling, imbalance management, working gas management and full back-office integration from invoice generation through accounting. This system uses latest generation technology to provide a robust shipper experience.
Gas & Crude Gathering
WE Gas & Crude Gathering tracks transitions from wellhead confirmations, through nomination cycles, to downstream confirmation cycles with pipelines and allocations all while managing the accounting movements of the product through a gathering system. The module has the ability to invoice shippers – based on contractual terms – calculate imbalances and create cash-out statements.
Terminal Management & Scheduling
WE Terminal Management & Scheduling provides full te rminal management for third party products through your facility and allows customers to access the application through the Customer Activity Website (CAW) to input nominations, update information related to product movement and see their inventory positions within the facility. Through the CAW, users can access all back-office accounting functionality including generating invoices and creating your accounting entries. The system provides utilization reports based on several various metrics, whether that is dock utilization or a maximum throughput capacity. Flexible ability to manage the demand forecast for future deliveries, along with matching up anticipated timing of receipt volumes allows the operator to timely manage the movement activity within their facility. The module also includes full functioning inventory, contract / rate capture, measurement, shipper inventory management and invoicing.
Crude 1st Purchaser
WE Crude 1st Purchaser allows your marketing / trading organization to manage purchase contracts at the wellhead from operators and integrate into WE Division Order. The formula based on contract configuration allows for capturing various modes of transportation costs to achieve a fully landed in cost at a given sales point. The sales contracts are also managed to balance purchase and sales for commodities, along with bulk contracts and outright buy / sell agreements. Take all of your purchase contracts and benchmark those in various manners using sales contracts or indices.
