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Petrofly

by Petrofly · Since 2013
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ActiveAvailable globallyCloudOn-premise
Quick facts
VendorPetrofly
Year launched2013
StatusActive
Location301 N Lake Ave, 600 Pasadena, CA 91101
Countries servedGlobal
Languages10
Integrations
Free tier
Free trial
Contact salesYES

About Petrofly

Petrofly is a petroleum industry software platform from Petrofly that offers solutions for oil and gas professionals. It combines data management, reporting tools, and project tracking features so users can effectively manage their operations. The platform provides real-time data updates, customizable dashboards, and collaboration tools to support informed decision-making and operational efficiency. Petrofly helps users gain insights into production metrics and improve resource allocation. Key capabilities: data management reporting tools project tracking real-time data updates customizable dashboards Best for: oil and gas professionals that need a comprehensive tool for managing petroleum projects and data.

Petrofly is a comprehensive oil and gas management software designed to streamline every aspect of upstream, midstream, and downstream operations. The platform provides end-to-end solutions for production management, joint interest billing, royalty management, accounting, inventory control, project oversight, fixed asset tracking, lease management, and advanced analytics. Available as both cloud-based and on-premise software, Petrofly enables real-time operational visibility, automates complex workflows, and reduces repetitive tasks across the organization. Its specialized tools allow operators to efficiently manage royalties, calculate and distribute payments, process joint interest billing, track production data, and maintain regulatory compliance with features such as 1099 assistance, division order tracking, and state withholding. Integrated accounting tools cover general ledger, accounts payable and receivable, forecasting, payroll, and bank reconciliation, ensuring financial accuracy. Petrofly also supports project management with critical path tracking, subcontractor management, and budget forecasting, while inventory solutions allow barcode scanning, audits, and alerts for multiple locations. The software incorporates advanced data analytics and AI-driven tools for geological analysis, invoice reading, pump optimization, and predictive maintenance, delivering actionable insights for better decision-making.

Pros & Cons

What users like
  • +Accounts receivable and payable are very intuitive and easy to navigate.
  • +Data migration from previous systems was seamless and completed in a week.
  • +Automates royalty and joint interest billings for investors and partners efficiently.
  • +Platform provides timely updates and fast support throughout the accounting process.
  • +Simplifies oil and gas financial management with user-friendly features and interface.
What users flag
  • Generating large reports can take time with many wells and transactions.
  • Performance may slow down when handling extensive datasets or detailed reports.
  • Some advanced report calculations require patience due to system processing limitations.
  • Not ideal for extremely large operations without waiting for report completion.

Features

Key features

Royalty Management – Automates royalty calculations, disbursements, and 1099 reporting for timely payments.
Joint Interest Billing (JIB) – Streamlines JIB workflows and reduces administrative overhead for partnerships.
Integrated Accounting Suite – Handles all financial transactions including general ledger, AP/AR, and payroll.
Production Management – Tracks production data, reduces losses, and improves operational efficiency.
Inventory Management – Controls inventory flow, barcode scanning, and multi-location oversight.
Project Management – Centralizes project timelines, budgeting, forecasting, and task management.
Fixed Asset Management – Automates depreciation tracking, asset auditing, and disposal management.

Additional features

Owner Relations Suite – Manages interest partners, royalty payments, and division orders efficiently.
Expenditure & Market Analysis – Provides insights into profitability, cost control, and financial forecasting.
Lease Management – Tracks lease mapping, workforce, contracts, and maintenance operations.
Distribution & Fuel Dealers – Handles distribution tracking, invoicing, driver management, and routing.
Advanced Data Analytics – AI-powered analysis for budgeting, compliance, pump optimization, and geology.
Non-Operating Accounting – Tracks CDEX imports, ROI, partnership distributions, and operator analysis.
Project Cost & AFP Tracking – Monitors subcontractors, change orders, and budget adherence.
Fixed Asset Tracking – Monitors assets, depreciation, disposal, and asset grouping.
Banking Integration – Supports ACH payments, fraud prevention, GL consolidation, and financial reporting.
Personalized Solutions – Custom evaluation platforms and automated workflows tailored to operators’ needs.

Pricing

Free trial
Free version
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Countries & Languages

Global
Countries served
10
Interface languages
17
Billing currencies

Interface languages

ArabicChineseEnglishFrenchGermanItalianJapanesePortugueseRussianSpanish.

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇨🇦CAD🇦🇺AUD🇯🇵JPY🇨🇳CNY🇮🇳INR🇷🇺RUB🇲🇽MXN🇧🇷BRL🇰🇷KRW🇹🇷TRY🇿🇦ZAR🇦🇪AED🇸🇬SGD🇳🇿NZD

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