ChevronTexaco is to provide its 20,000 revenue interest owners with access to oil and gas revenue data through Oildex on-line service, Owner Relations Connect.
Owner Relations Connect provides interest owners with a paper-free resource available 24 hours a day, 7 days a week, to view and print revenue information and year-end tax summary reports. Owners may opt to receive their payments directly into their bank accounts using electronic funds transfer (EFT) and eventually eliminate unnecessary paper by retrieving their check detail on-line.
In a separate announcement, Oildex unveiled a beta release of SpendWorks Unplugged Edition (SUE), a mobile approval system for field operations. SUE lets managers electronically review and approve invoices, field tickets and work orders from the field, with or without connection to the Internet.
Oildex President Peter Flanagan said, ‘Industry professionals drilling and operating wells require access to information and the ability to authorize and approve purchases while away from the office. SUE, an add-on to SpendWorks, provides users with offline access, enabling electronic review and approval of invoices, field tickets and work orders and allowing users to synch with the on-line program when convenient.‘ Key SpendWorks customers are participating in the SUE beta test.
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