First Purchasers

First Purchasers

Claws is purchaser-centric with a workflow that corresponds to a purchaser’s monthly back-office business…

A self-contained system, Claws encompasses Run Ticket Management, Contracts and Pricing, Revenue Allocations and Payment, Severance Tax Reporting, General Ledger Interfacing – all of the features needed to perform your mission critical tasks.


  1. 1
    Run Ticket Management

    Claws manages purchases, sales and internal product movements. Tickets can be uploaded into the system from spreadsheets, Oildex CODE files and multiple third party e-ticketing systems.  Claws can calculate gross and net ticket volumes for gauged, metered, raw volume and weight tickets. Learn More

  2. 2
    Contracts and Pricing

    Claws contracts supports pricing for both purchases and sales. Each contract contains one or more pricing scenarios which contain both pricing and a list of trading points to which the pricing will be applied. Contract and pricing history is retained for the life of the system. Learn More

  3. 3
    Run Ticket Pricing

    Ticket Pricing uses contract information to generate the value of purchases and sales using a batch processing window that can calculate a single ticket or all tickets for the month. Learn More

  4. 4
    Purchaser Statements and Invoices

    Claws produces both purchase statements and invoices for all product buys and sells. Statements and invoices are sent to the company’s general ledger system in order to maintain the accounts payable and accounts receivable sub-ledgers.

  5. 5
    Division Orders

    Division Orders track information used to pay lease owners and investors.  View a snapshot of ownership for any point in the history of the lease. Withholding tax rates, owner suspense totals, ownership transfers and escheat payments are all stored within Claws division orders. Learn More

  6. 6
    Revenue Allocation and Payments

    Revenue Allocation accumulates monthly production for each lease, then allocates the accumulated totals to lease owners and investors. The system generates payments for all owners meeting minimum payment requirements, producing a detailed pay statement for each owner. Learn More

  7. 7

    The system produces comprehensive reporting for ticketing, pricing, revenue allocations, owner payments and all other aspects of the system. Learn More

  8. 8
    General Ledger Interface

    The General Ledger Interface is a customizable process designed to export batches of Claws transactions to your company’s general ledger. Claws can interface with virtually any general ledger. Learn More

  9. 9
    Severance Tax Reporting

    Claws produces severance tax filings for state and federal taxing authorities. Learn More

  10. 10
    1099 Reporting

    The 1099 Reporting system produces 1099-Misc statements for owners and investors. Claws creates an electronic file for upload to the IRS F.I.R.E. program and produces 1099-MISC electronic filings for several states. Learn More