Responsibility ReportingExcalibur

(Cost Centers and Budgeting)

Excalibur’s Responsibility Reporting system is a flexible accounting, budgeting and reporting system. It provides comprehensive, multilevel analysis reporting based on cost centers and allows you to customize reports to your specific requirements. The system is fully integrated with other Excalibur systems.

Data Entry Features

• Cost center budgets are maintained by dollar amounts and by volumes:

◦ For “8/8ths gross” and “net company share” by:

- Accounting period end date

- Service activity date

- Sales activity date

- Both dates for both dollar amounts and volumes

- Calendar year

•Budgetinglevelsareuser-definedtoallowbudgetsatanylevelintheroll-uphierarchy:

◦ ToallowbudgetingwithincostcentersforanynumberofGeneralLedgeraccounts ◦ Toallowbudgetingwithincostcenterandaccountforanynumberofperiods

• Supplemental budget amounts permitted.

•Duplicationfeaturetoautomaticallyreplicatebudgetamountsoverauser-specifiedrangeofdates.

• Electronic entry of budget amounts via Excalibur Data Interchange (EDI).

•Allocationoftransactionsfromaspecificcostcentertoanynumberofothercostcenterswiththeoptiontoallocatefromaspecificaccounttoadifferentaccount.

Accounting Controls and Features

•User-definedcostcentersandreportinglevels.

• Cost centers are company-independent.

•“Restriction”codeprohibitsenteringdetailtransactionsorbudgetamountstospecified“roll-up”costcenters.

•Automaticcreationofcostcentersatthedetailpropertylevelsuchaswells,leasesandAFEs.

•“Approvaldates”controlmodificationordeletionoforiginalcostcenterbudgets.

• Cost center transactions created through allocation process are automatically processed through JIB.

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www.P2energysolutions.com

Contact P2 Energy Solutions, info@P2energysolutions.com, for more information or for a demonstration.

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www.P2energysolutions.com

Responsibility ReportingExcalibur

Reporting

•Reportingavailableatanylevelintheuser-definedhierarchies,withentered budgetandactualamountsrolled-uptothespecifiedlevel.

•Twodistinct“roll-up”pathsincludinga“primary”pathandan“alternate”pathprovideflexibilityfordefininghierarchicalrelationshipsforanycostcenter.

•Comprehensivebudgetandactualreportingbyaccountwithincostcenter.

• Accounting period end date and service or sales activity date reporting.

• Budget and actual data available for reporting on property-related cost centers includes:

◦ Dollar amounts for both “8/8ths gross” and “net company share”

◦ Volumes for both “8/8ths gross” and “net company share”

• Comprehensive transaction reporting for all cost center activity including transactions generated through the allocation process.

•PredefinedLeaseOperatingStatementreportavailableatanyreportinglevelintheuser-definedhierarchies.

•CDirectintegrationwithdesktopPCreportingtools(suchasExcel)forcustomizedreportingwithouthavingtore-keyfromthesystem.

•User-definedgroupingsofcostcentersandaccountsforspreadsheetanduser-formattedfinancialreports.

• Comprehensive on-line inquiries including:

◦ On-linedisplayofcostcenterbudgetsandactualsforboth“8/8thsgross”and“netcompanyshare”by: - Accounting period end date

- Service activity date

- Sales activity date

◦ Costcenter“drilldown”inquiry,fromaccountbalancestounderlyingdetailtransactions

Excalibur Data OLAP & Data Analysis

Accounts Payable Lease Records

Excalibur ExcelInterface (Fin Subs) Browser Queries

Asset Management(Inventory DD&A)

Authorization For Expenditure Joint Interest Billing Revenue

General Ledger Accounts Payable Accounts Receivable

Common Master Tables AdHoc Query Tool Responsibility Reporting

State Tax ReportingMMS-2014 Reporting

CDEX Payout ReportingExcalibur Data Interchange

JBLink

Land Contracts Well FilesAuthorization ForExpenditure (AFE)

Oil ContractsEnergy Production

Daily Production

Gas Availability

Gas Nominations

Gas Contracts Acct.

Daily Production

EngineeringInterface

Land Lease Records Land Legal Contract Land Division Orders Land Mineral Deeds Lease Mapping

BusinessAnalysis

Base E&P Accounting

Base Financial Accounting

Land Management

Base Common

Volumes Management

AccountingAdditions

Integrated DocVue Imaging