Staying up late or going in early to manually typing production receipts line by line
Struggling with getting complex formulas correct without overwriting other cells
Staring at your monthly data only to wonder if what you’re seeing is good or bad
Dreading when distribution reports come in because your office will grind to a halt
Being stuck at work or having to wait until you get into the office to review your numbers
Wondering how you're going to have time to sift through the data enter it all in
If this sounds familiar, don’t worry -- you’re not alone.
Our software was built so you don’t have to spend hours upon hours entering data or struggling to make sense of your reports.
Which Option Fits Your Business?
Manage your mineral and royalty interest data on your desktop
Integrate directly with your QuickBooks company for accounting purposes
Run your mineral interests on our full accounting system
Track your investments on our cloud-based platform
Wade Cox, CPA
Hyde Oil & Gas Corp.
Okie Crude Company
Make sense of your data with automatic calculations in real-time.
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
Import all of your owners, wells, property details, and custom expense codes directly into Well Profits to set up the foundation for tracking data
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
Run reports based on the data entered to see exactly what your profit margins are or create your own reports.
See for yourself how it will work for you
What Makes Well Profits Different?
Oil & gas investments can be a complicated thing to figure out.
You shouldn’t need to spend hours or have a
degree in finance or accounting to track your
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
A lack of a simple system to track all this data may be costing you
Frequently asked questions
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.
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.
If you want to switch plans at any time, simply click on your Account button within your account.
We don't offer a free trial, instead we have a free starter plan you can import data into to get started.
We think you'll love the software for so many reasons. BUT, if for any reason you do not, you can cancel your subscription at any time from your Account settings.
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 25 years across 29 states. For more information on the company and their other products, visit SherWare's website.
Our cloud-based version of Well Profits does not currently integrate with QuickBooks online, but we are developing that as we speak. We do, however, offer a desktop version that integrates directly with your QuickBooks company. For more information and to see this version, please check out our other editions.
Well Profits allows you to track your wells/leases, properties, income and expenses.
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.
Classic users on any of our desktop applications, and enterprise users on the cloud-based version have our report designer included, so you can create custom reports to your heart's desire.