Question 1

How does Singoa automate Joint Interest Billing for E&P operators?

Accepted Answer

Singoa auto-generates JIB statements from your well cost data, applies correct working interest percentages per your ownership schedule, calculates COPAS overhead rates per Exhibit C, and distributes statements to non-operators through a self-service portal. Manual JIB preparation that takes 40-60 hours per billing cycle is reduced to under 4 hours. (Source: COPAS Annual Survey of Petroleum Accounting Practices 2023)

Question 2

Is Singoa compliant with COPAS Model Form 1 accounting procedures?

Accepted Answer

Yes. Singoa is built around COPAS Model Form 1 accounting procedures. Overhead allocations follow Exhibit C rates, audit trail documentation meets Section 5 audit rights requirements, and all JIB statements include the backup documentation required for non-operator review. Every transaction is logged in an immutable audit trail that satisfies COPAS audit window requirements.

Question 3

How does Singoa handle AFE overruns and non-operator notifications?

Accepted Answer

Singoa tracks actual expenditures against each AFE budget in real time. When actual costs reach 80% of the approved AFE, non-operators are automatically notified. At 100%, a supplemental AFE workflow is triggered. This eliminates the surprise overrun disputes that are a leading cause of JIB payment delays — 68% of E&P companies report AFE overruns as a leading cause of non-operator payment disputes. (Source: EY Oil & Gas CFO Survey 2024)

Question 4

Can Singoa calculate working interest and net revenue interest distributions automatically?

Accepted Answer

Yes. Singoa maintains your ownership schedule with working interest and net revenue interest percentages for every well and every owner. Revenue distributions are calculated automatically, severance tax is deducted by state before distribution, and each distribution is validated against the division order on file. Division order discrepancies are flagged before payments are processed.

Question 5

How does Singoa integrate with Enertia, WolfePak, and Quorum?

Accepted Answer

Singoa connects to Enertia, WolfePak, Quorum Business Solutions, SAP S/4HANA, and Oracle E-Business Suite. Production volumes, well costs, and ownership data flow directly from your ERP into Singoa's JIB and revenue distribution workflows. Implementation typically takes under 30 days with no custom development required.

Question 6

How does Singoa handle severance tax calculations across multiple producing states?

Accepted Answer

Singoa maintains current severance tax rates for all 34 oil-producing states and applies the correct rate to each well's production revenue before distribution. Rate changes are updated automatically. Multi-state operators get a consolidated severance tax report showing calculated amounts by state for remittance.

Question 7

What happens when a non-operator disputes a JIB charge?

Accepted Answer

Non-operators submit disputes through Singoa's self-service portal with their specific objection and supporting documentation. Singoa routes the dispute to the appropriate accountant with all relevant backup documentation pre-assembled. AI pre-screens disputes against COPAS Model Form 1 to identify valid vs. invalid claims. Average dispute resolution time drops from 45-90 days to under 32 days. (Source: Opportune LLP 2024)

Question 8

Can Singoa manage division order changes and ownership transfers?

Accepted Answer

Yes. When ownership transfers occur (sales, farmouts, payout events), Singoa updates the working interest and net revenue interest schedule, recalculates distributions for the effective date, and generates updated division orders for affected owners. The system maintains a complete history of all ownership changes with effective dates for audit purposes.

Question 9

How does Singoa support oilfield services companies with field ticket invoicing?

Accepted Answer

For oilfield services companies, Singoa manages the full invoice lifecycle from field ticket to payment. Field tickets are digitally captured, matched to purchase orders and rate schedules, and converted to invoices automatically. Average OFS DSO of 65-90 days is reduced to 35-45 days. (Source: PESA Payment Practices Survey 2024)

Question 10

What security and data protection does Singoa provide for sensitive production data?

Accepted Answer

Singoa is SOC 2 Type II certified with bank-level encryption for all data at rest and in transit. Production data, ownership schedules, and financial information are stored in isolated tenant environments with role-based access controls. All data access is logged in an immutable audit trail. Singoa does not share or sell production data to third parties.

JIB Disputes Are Costing You 90 Days of Cash Flow

Every E&P Operator Knows This Pain

Manual JIB Preparation

JIB Dispute Epidemic

Cash Trapped in Disputes

AFE Overrun Disputes

Before Singoa

After Singoa

Built for Oil & Gas AR

COPAS-Compliant JIB Packages in Under 2 Hours

The ROI Is Measurable

Integrates With Your E&P Tech Stack

Built for E&P Compliance

COPAS Model Form 1

FERC & State Regulations

SOC 2 Type II

Frequently Asked Questions

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