Easily track your oil & gas investments
Well Profits automates how you track and analyze royalty and mineral interest data for family trusts, investment funds and individuals in one location, plus has the ability to integrate with QuickBooks.
Well Profits was created to solve the biggest headaches that our community of non-operators, investors and trust managers deal with.
Any of these sound familiar?
Working after-hours to manually type production receipts line by line
Dreading distribution reports grinding the office to a halt
Struggling with getting complex formulas correct without overwriting other cells
Being stuck at work or having to wait until you get into the office to review your numbers
Staring at your monthly data unsure if what you’re seeing is good or bad
Wondering when you’ll have time to sift through the data and enter it
Which Option Fits Your Business?
Track your mineral interest
data on your desktop
Track your mineral interest data and integrate with QuickBooks
Track your mineral interest data
on our full accounting system
“I was using excel spreadsheets and it got to be too much manual labor. This is a great and economical software that performs well for the non-operator. You will be able to get all of the information for well profits and losses as well as information for your tax returns.”
Wade Cox, CPA
“It’s so much faster than using spreadsheets and at the end of the year all the data should be in the right place for the CPA.”
Hyde Oil & Gas Corp., CPA
“If you are looking for software that is effective, efficient, concise, and powerful Well Profits is the program for your company, regardless of the number or kind of oil and gas investments. Our main concern was that the software produce ownership reports that even non-industry royalty and working owners could understand. With Well Profits, we have that and are able to track our expenses and income on a monthly and yearly basis by well and owner with much better ease than before.”
Okie Crude Company
Make sense of your data with real-time calculations.
Well Profits is for you if…
- The amount of time data entry required to enter all the necessary line items from statements and check stubs is exhausting.
- You’re not a finance wizard and want to configure reports in whatever format you need for tracking and analysis.
- You want more than a surface level look at your investments with drill down reporting.
- You have multiple people managing your investments in office and want to simplify the process.
- You’re frustrated and anxious using Excel to manually monitor your investments.
How It Works
1. IMPORT DATA TO
TRACK OIL & GAS
Import all of your owners, wells, property details, and custom expense codes directly into Well Profits to set up the foundation for tracking data
2. ENTER REVENUE & EXPENSES
Once you have the foundation set up, enter revenue from production receipts and expenses directly from your bills into the software or automate data entry by importing it straight into the software
3. CREATE REPORTS WITH INTELLIGENT DATA
Run reports based on the data entered to see exactly what your profit margins are or create your own reports.
See for yourself how Well Profits will work for you
What Makes Well Profits Different?
Oil & gas investments can be a complicated thing to figure out.
Well Profits makes the process simple by automating the calculations and creating reports to give you the insight you’re looking for all along.
With Well Profits software, you will:
>> Track income and costs in one location
>> Easily make sense of your data or your client’s data because the software handles all calculations to give you the bottom line in real time
>> Expedite your year-end tax process by having all data ready for your CPA
Lacking a simple system to track your investments may be costing you
Frequently Asked Questions
How many wells do I need to use this software?
You can use Well Profits for one well or thousands of wells. Our plans our built to give you flexibility to grow your investments while still being affordable.
How much time does it take to set everything up?
With the software’s ability to import the data straight into Well Profits, all you’ll need to do is set up your importing map (we walk you through this step by step) and click import to get started. Most clients getting started are able to get everything set up within a few hours.
What's the difference between your platforms?
We offer three editions of Well Profits. We have an Integrated Edition that integrates directly with your Quickbooks company, a Non-Integrated version that only tracks the oil and gas investment side, and an Enterprise edition that has a complete accounting system built into Well Profits.
What can the software track?
Well Profits allows you to track your wells/leases, properties, income and expenses.
What reports are available?
Every user automatically has more than 50 reports + graphs uploaded into their account to run at any time: Revenue and Expense Reports by State, Field, Operator, Accounting Year, Accounting Month, Production Year, Production Month, and more.
All users also have access to our robust custom report designer, so you can create custom reports to your heart’s desire.
Who is behind the software, anyways?
SherWare, Inc. is the developer of Well Profits. They’ve been creating oil and gas accounting software for both investors, operators and accountants since 1994 and have clients that have used the software for 28 years across 31 states, and four countries. For more information on the company and their other products, visit SherWare’s website.