An innovative way to send and track AFEs IMTS AFE helps you control project overspend by providing instant clarity into what you’re spending on each project. Why is this important? Because costs are being scrutinized closer than ever at upstream companies. IMTS AFE’s highly flexible, and fully auditable approval workflow tools allow for minimal administration of authorizations for expenditure approvals and balloting.
Integration is also available with third-party drilling and completions tools.
Send your AFEs and operations notices (AFE packages) or mail ballots to your partners electronically with our exchange a secure online repository for your data. A direct interface with your AFE and land systems into our exchange saves time, ensures data integrity and reduces the chance of human error.
Registered partners will receive your AFE packages and mail ballots on our exchange, forward them through their own approval channels and then indicate their approval responses on our exchange. You can also enter approval responses on behalf of your unregistered partners. A full audit trail provides transparent status tracking of your AFE packages and mail ballots in real time.
IMTS Call Center Support Services provides our clients with a fleet of experienced accounting and land professionals to handle any level of service you might need.
We value our royalty owners and work every day to earn and keep your trust. At IMTS, integrity and transparency guide every decision we make, and we’re committed toopen communications. That’s why we offer our Owner Relations Department, staffed with owner relationsspecialists, to answer your questions and connect youwith resources.
We recognize that you have questions and your time is valuable. Our staff is ready to help with a variety of issues, including:
- Division Orders
- Accounts payable and receivable
- Joint interest billing
- Revenue payments
- Production
We can manage 100% of your owner calls or simply serve in an overflow capacity to assist your existing staff when they are on calls, out of the office, etc., ensuring all calls are answered during business hours.
A number of our agents have over 15 years direct land and/or accounting experience.
Our dynamic pricing model means your cost goes up or down as your call volume changes – you are never locked into a long term contract.
Our state of the art telephone technology allows for complete customization of the call routing, management and reporting process.
We offer a unique 15 day trial to provide a detailed assessment of the true number and nature of your owner/partner calls. At the end of the trial, you are provided with a comprehensive report enabling you to make an informed, objective decision based on facts.
Data Conversion Services –Check stubs formats differ from partner to partner or client to client. We can help! With our document conversion services your statements can be converted into electronic data in a customized format to suit your software needs. Your Production, Gas Balancing, JIBs, Check Details and more can be converted using this service.
Data Processing Services
Scanning Services –We can scan your check detail and other documents using the latest OCR technology for those large documents which cannot be obtained electronically. The documents could be shipped to our US Office wherein the documents would be scanned and uploaded for our offshore services to process. The originals would be couriered back to the client.
Keying Services –For those documents which are not digitized and scanning is not a viable option, we have both onshore as well as off-shore resources to key information so that it can be delivered back to you in any required format, ready to load. We do not outsource these processes, every step is performed by a IMTS employee allowing us to meet any fiduciary or regulatory guidelines regarding security of your information.
Data Management –Our data management solutions make it easier for your company to track gas balancing, production, revenue, JIBs and more.
Gas Balancing Management System
Ours is a fully integrated operated and non-operated gas balancing management, tracking and reporting solution. Designed by an imbalance analyst from a former Major, this system allows your company to spend time taking action instead of spending countless hours keying statement data.
Statements from operators which are alien to your exchange can also be keyed in your system if required.
IMTS can assume any segment of your revenue processing up to our comprehensive Virtual Lockbox Service. Using a combination of CDEX, scanning, keying and desktop deposit services, IMTS can actually book all of your inbound revenue, ready for processing by your staff accountants. 48 hour guaranteed turnaround and peace of mind.
IMTS sets the standard for joint venture data exchange with automated workflow, enhanced partner communications and data analytics.
Once JIB data is uploaded in the exchange –
- Transmitted to Partners electronically, significantly reducing the time and cost of printing, collating, and mailing.
- Partners can report / communicate discrepancies
- Exchange supports a full audit trail will help you manage these items more effectively.
- Our AR Sub ledger option will help to manage your joint venture accounts receivable.
Our exchange supports mapping your non operated JIB electronic data can be mapped to your accounting systems. These mappings can be retained to eliminate future coding effort. Our innovative messaging and dispute management features help you track discrepancies with your operator.
Well Data Exchange
Our platform for partner reports, logs, surveys and countless other documents, allows you to outsource time-consuming partner support to IMTS.
Partner Data Exchange
Our exchange solutions enable companies to automatically exchange data which can be integrated into their systems, as well as importing, exporting and distributing the information to its customer.
More than a point-to-point data exchange
Our exchange raises the standard for revenue data exchange with automated workflow, enhanced partner communications and data analytics.
Once you upload your operated revenue and royalty data and tax forms into the exchange –
- Transmitted electronically to your partners significantly reducing the time and cost of printing, collating, and mailing.
- Our Innovative messaging system and exclusive Inquiry tracking system then automatically ties tickets to the correct owner/property.
- Improves workflow to owner relations.
You can also receive your non-operated revenue and royalty data electronically where you can map, analyze, and prepare your voucher data for direct upload into your accounting system. Our sophisticated code mapping helps you code all statement elements and mapping is retained to eliminate future coding efforts.
IMTS operates the largest network of internet owner portals in the industry.
We value our royalty owners and work every day to earn and keep your trust. At IMTS, integrity and transparency guide every decision we make, and we’re committed to open communications. That’s why we offer our Owner Relations Department, staffed with owner relations specialists, to answer your questions and connect you with resources.
We recognize that you have questions and your time is valuable. Our staff is ready to help with a variety of issues, including –
- Division Orders
- Accounts payable and receivable
- Joint interest billing
- Revenue payments
- Production