TOBIN Domain - Division Order System

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TOBIN Domain maintains land title ownership for division order administration and provides accurate, time-critical information support for revenue distribution, partner billing and reserves forecasting. TOBIN Domain facilitates the setup, approval and maintenance of effective, dated ownership and includes a full complement of preformatted exhibits and reports. LTDgen (Lease to Division Order Generator), is an integral process which expedites the building of division orders and automatically assembles lease tracts in the TOBIN LeaseData that contribute to a division order tract in TOBIN Domain. TOBIN Domain integrates with TOBIN LandGIS for textual and spatial queries, map displays and analysis. TOBIN Domain can handle a company’s unique business processes and record types.

Benefits:

• Helps companies manage property by providing a single, accessible repository for true ownership information.
• Integrates with all financial, revenue and production accounting systems including PricewaterhouseCoopers’ PREMAS Plus revenue, production and marketing system, and is complemented by financial accounting software from SAP or PW*Sequel, comprising a fully-integrated upstream enterprise solution.
• Forty site-configurable options and customized user-defined code tables, provisions and obligations to fit a company’s unique business processes and record types.

Key Features:

• Exchange of division order title information with TOBIN Chain of Title title management system.
• Includes LTDgen (Lease to Division Order Generator), a module which expedites the building of division orders and automatically assembles lease tracts in TOBIN LeaseData lease management system that contribute to a division order tract in TOBIN Domain.
• Manages division order interests for producing properties and operating interests (gross working interests) for both producing and non-producing properties.
• Facilitates the setup, approval and maintenance of effective, dated ownership.
• Maintains a complete database of producing property division order and joint interest ownership information, including unit-level and tract descriptions and interests, and owner data and interests (both fractional and decimal).
• Includes mass change capability for interest and ownership transfers across multiple properties and division orders, and date-sensitive history of ownership changes and tract allocations.
• Supports multiple division orders and tracts per property.
• Calculations include gross revenue interest by date and fraction to decimal interest.
• Automatic maintenance and retention of historical ownership and burden relationships / burden calculation for proportional interests, and the ability to link burdens to working interest owners.
• A full compliment of preformatted exhibits and reports, including standard NADOA division order forms and transfer order forms ready for signature, as well as a flexible on-line query and reporting tool for user-defined inquiries.
• Producing property and division order copy function and data exports to spreadsheet applications.
• Supports all types of suspense conditions.
• Bi-directional cross-referencing capability between property records / division orders, leases and contracts.

System Requirements:

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