Is Petroware2000 right for your business?

Petroware2000 is a great fit for many businesses. Find out if it's the right choice for you! Are you looking for a Petroware2000 demo, technical support, product or pricing information or to simply to compare Petroware2000 with competitive options? Quickly get answers and the information you need.

The Petroware2000 Depreciation, Depletion and Amortization Module (DD&A) allows you to set up leased assets and reserves for depletion calculation. Additionally you can calculate depreciation and amortization on your fixed assets. This module gives you the ability to:

  • Calculate depletion using either the cost or percentage method.
  • Use percentage method depletion which utilizes the “daily production” and “taxable income” limitations.
  • Calculate tax depreciation based on all methods and conventions listed in IRS Publication 534.
  • Reviews annual asset purchases and automatically select the correct tax depreciation convention.
  • Create multiple reserves and economic cases.
  • Calculate depreciation, depletion and amortization for Book, Federal, AMT, ACE and E&P.
  • Setup equivalent unit control for gas/oil.
  • Track excess depletion.
  • Calculate depletion at the state level.
  • Automatically or manually create asset records for all types assets through the Accounts Payable invoice entry system.
  • Forecast economics for lease/wells.

Other Applications

The following applications are designed to work hand-in-hand with DD&A:

"DD&A" is part of the Petroware2000 line of products, developed by Avatar Systems.

Related Products

The following software product lines are also offered by Avatar Systems: