Carbon Capture Accounting Overview
W Energy provides an integrated carbon capture accounting solution within its oil and gas platform that enables tracking of land ownership and royalty rates, calculates transparent royalty payments using CalcTrace, streamlines data management and operations from capture to accounting, and ensures full audit traceability to optimize and unify carbon capture financial processes.
Simplify your Carbon Capture Accounting
W Energy offers packages for Carbon Capture Accounting needs within the same environment as existing oil & gas accounting solutions.
- Input Land Ownership: Use the Division Order module to track interest owners and their shares for proper payment based on the carbon stored in their wells.
- Input Royalty Rates: Use the Contracts module to create contracts with manageable formulas and rates, ensuring proper payment to owners.
- Calculate Royalty Payments: Utilize W Energy's processing capabilities to calculate each owner's share of the carbon capture payment, with features like CalcTrace to provide transparency in calculations.
Streamline Your Software Needs
Meet all accounting needs in a single, unified platform.
Unify Operations
Integrate all processes from transporting and distribution to final accounting needs.
Transparent Calculations
Gain clarity in carbon payment calculations with proprietary CalcTrace functionality.
Optimize Data Management
Use global business associates, wells, and chart of accounts to reduce duplicate entries and maintenance efforts.
Seamless Production Integration
Directly import captured volumes into accounting processes with integrated volume capture solutions.
Audit Trail
Full audit traceability within the system minimizes risks associated with work done outside of a controlled environment.
- The platform allows seamless tracking of hydrocarbons from extraction to the storage of captured carbon.
- Available alongside other W Energy features.
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