Upstream Solutions

Upstream Solutions by W Energy Software is a suite of oil and gas solutions designed to enhance efficiency and capability within energy companies. According to the vendor, this software is tailored for use by oil and gas companies, energy companies, upstream operators, midstream operators, and service providers. With its wide range of features and customizable technology, Upstream Solutions is positioned as a solution for businesses of all sizes in the energy industry.

Key Features

Land Management: WE Land Management offers enterprise-grade land management features with customizable technology. It facilitates the management of obligations, expirations, acreage, provisions, and more. The software integrates with other modules to ensure a seamless workflow and payment processing.

Drilling and Well Work: WE Drilling and Well Work is a cloud-based software suite that manages well data, generates reports, and tracks field expenses. It supports the full asset life-cycle from drilling and completion to well repair and maintenance. Key features include AFE workflow, budget vs. actual, inventory management, and expense tracking.

Production Operations: WE Production Operations is a software suite that captures production data and enables real-time reporting and analysis. It features a web-based dashboard for tracking asset performance, status, and downtime. Integration with WE Field Data Capture allows for seamless data collection, as well as integrated product allocations and reporting.

Field Data Capture: WE Field Data Capture enables mobile operators and field personnel to easily capture volumetric readings and measurements, such as oil, gas, water, tickets, meters, equipment, well tests, and inspections. It also collects hourly flowback data and other operational readings for comprehensive data capture.

Financial Accounting: WE Financial Accounting provides modules for general ledger, accounts payable, and cash management operations. It offers built-in end-to-end controls, advanced reporting, and integration with other modules. The software includes a business intelligence tool for analysis and reporting.

Division Order: WE Division Order simplifies division order management and disbursements. Users can enter ownership for wells and utilize it for revenue disbursements. Integrated with other modules, it generates payments based on well settlement valuation results. The system ensures full audit and SOX compliance.

Fixed Assets: WE Fixed Assets supports multiple depreciation methods and manages fixed assets for financial and tax purposes. It can automatically create fixed assets from AFEs, streamlining the asset management process.

Tax and Regulatory: WE Tax and Regulatory calculates taxes and royalties for various states. It accurately calculates taxes and royalties within the application using allocation and valuation results. The software provides state-specific reports and integrates with other modules for seamless data flow.

Purchase Order: WE Purchase Order allows for the creation of purchase orders with a versatile approval engine. Purchase orders can be exported in PDF format or sent via email. The module includes matching functionality and enables seamless integration with inventory and AFEs.

Expense Reimbursement: WE Expense Reimbursement provides a process for employees to submit travel, entertainment, and other expenses eligible for reimbursement. It interfaces with financials to properly account for expenditures and reimburse employees. The software is designed to handle expense reimbursement needs for upstream oil and gas companies and other businesses.