Business Automation

Red Wolf Natural Resources Shows That Processing JIBs Doesn’t Have to Be Painful

bySusie Yuill

 

Request Demo

If joint interest billing (JIB) processing feels like a cement block pulling you under, take heart. You are not alone. For most companies, JIB processing is plagued by multiple inefficiencies, conflicting sources of truth, complicated audit controls and high overall administrative costs.

Red Wolf Natural Resources, an E&P company based in Oklahoma City that invests in operated and non-operated assets, looked to solve this pain point. On average, the company processed 30-40 JIBs per month, requiring at least 30 approvals. They used EnergyLink to download 35-40% of the total amount of JIB data they received.

The approval process involved significant manual data entry, with the entire JIB process from receipt to approval taking five to six weeks. The size and complexity of the JIBs made it difficult to thoroughly review and analyze non-operated costs. The team — Austin Wentroth, controller; Jessica Mayo, administrative assistant; and Marshall Hall, petroleum engineer — was over it.

 

“When a downturn hits, every operator should analyze their non-op assets closely to manage costs. But when you receive a JIB from a large operator that’s 300 pages, there is no way to review this in detail with the way we were doing it. This was a major bottleneck for our company.”

-Marshall Hall, Petroleum Engineer

JIBFlow a better way

 

Wentroth learned about JIBFlow by Enverus at the 2020 virtual SPARK Conference, an annual Enverus conference focused on the latest in industry digital transformation technology and trends. JIBFlow integrates EnergyLink with OpenInvoice so an accountant can send a JIB invoice from EnergyLink to OpenInvoice for approval via a seamless connection. With one click, you send the JIB invoice to OpenInvoice! This makes OpenInvoice a single source for all invoice approvals.

JIB invoices can be processed using the same automation capabilities operators use for invoices, including automatic routing, automated code verification, and automatic approval of low-value invoices. Wentroth knew Red Wolf could save time and effort spent processing JIB invoices, consolidate its data and simplify the review process with the JIBFlow upgrade.

“If there is a button where you can automatically transfer the data to OpenInvoice faster — why wouldn’t you do it? We are a lean enough organization that the cost-benefit is to automate the process so we can do more valuable work overall.”

-Austin Wentroth, Controller

 

The results

 

After JIBFlow was integrated and the coding and wells were entered into EnergyLink, the first JIB Red Wolf received was significantly better. They could now send JIB details to OpenInvoice for detailed analysis. Auto-coding in OpenInvoice dramatically reduced the team’s manual input.

For Red Wolf, the benefits of EnergyLink and OpenInvoice go beyond simplifying the JIB review and approval process. With detailed coding, the company categorizes costs into different categories for analysis. This data allows Red Wolf to find potential savings opportunities in their non-operated expenses, a task that is traditionally challenging to do for many operators.

“When you have the power of knowing what you are being charged at a detailed level, you can lower your costs in an area where traditionally people think you can’t,” Hall said.

Request Demo

 

Read the interactive case study below to learn more details about Red Wolf’s success with JIBFlow, including details on how their petroleum engineer leverages the company’s non-operated spend details to forecast capital expenses and uncover potential cost savings on non-op spend.

Picture of Susie Yuill

Susie Yuill

Susie Yuill is Director of Product Marketing at Enverus. She specializes in bringing SaaS software products to market and creating and implementing high-value marketing programs to reach and convert target accounts. Throughout the years, she has led the marketing product launches for several SaaS products for various industries. Susie is a proud, fightin' Texas A&M Aggie and earned an MBA from Texas State University.

Subscribe to the Enverus Blog

A weekly update on the latest “no-fluff” insight and analysis of the energy industry.

Related Content

Enverus_Press_Release_Power_Energy_Transition_MandA_Thumbnail
Energy Transition
ByAdam Robinson, Enverus Intelligence® | Research (EIR) Contributor

A combined $92 billion in energy and artificial intelligence (AI)-related investments were announced across Pennsylvania last week, with projects ranging from new data centers to natural gas plants and grid modernization efforts.

Enverus Press Release - Welcome to EVOLVE 2025: Where visionaries converge to shape the future of energy
Power and Renewables
ByColton Wright

As demand for AI, cloud computing and digital infrastructure continues to surge, hyperscale data centers have quickly become some of the largest and fastest-growing energy consumers in North America. For developers, grid operators and investors, knowing where the biggest loads are concentrated...

Breaking news alert on the impact on oil prices due to Israel attacking Iran
Power and Renewables
ByColton Wright

The One Big Beautiful Bill Act (OBBBA) has changed the game for renewable energy developers. With fewer subsidies to fall back on, developers are being pushed to rethink where and how they build projects. It’s no longer about chasing tax...

Enverus Press Release - Enverus releases Investor Analytics: Refined, actionable financial insights at your fingertips
Power and Renewables
ByDaniel Manfre Jaimes

In the dynamic landscape of energy markets, accurate load forecasting is essential for informed decision-making. Enverus power forecasting solutions have consistently demonstrated exceptional performance, particularly during extreme weather events and critical peak demand periods. Complementing this reliability, our ongoing commitment...

How the One Big Beautiful Bill Act could change clean energy tax credit economics
Energy Transition
ByAlex Nevokshonoff, Senior Analyst, Enverus Intelligence® | Research (EIR) Contributor

The One Big Beautiful Bill Act (OBBBA), enacted on July 4, introduces sweeping changes to U.S. energy policy, significantly altering the tax credit landscape for clean energy projects.

Enverus Press Release - Upstream M&A climbs to $105 billion in 2024
Trading and Risk
ByKiana Cruz

In today’s fast-paced markets; traders don’t just need data, they need decisions. At EVOLVE 2025, the Trading & Risk session, “AI-Powered Trading Intelligence: Streamlining Decision Workflows,” spotlighted how artificial intelligence is evolving from a buzzword to a business-critical tool for...

data-center-demand
Energy Transition
ByAdam Robinson, Enverus Intelligence® | Research (EIR) Contributor

The Texas Tech University (TTU) System and Fermi America announced an 11 GW data center powered by a mix of natural gas, utility grid power, solar, wind and nuclear energy. The newly founded power company is building one of the...

Enverus Press Release - Enverus PRISM® now available for Europe
Trading and Risk
ByKiana Cruz

EVOLVE 2025 brought together leading voices across energy trading, analytics and clean fuels to unpack today’s most pressing market dynamics. From evolving benchmarks to retail analytics, one thing rang loud and clear: adaptation isn’t optional, it’s strategic. We attended four...

Black-lady-with-powerline
Energy Transition
ByCorianna Mah, Analyst, Enverus Intelligence® Research

A massive heat dome swept across the eastern U.S. last week, driving temperatures into the triple digits and pushing the PJM Interconnection grid to its highest peak load since 2006.

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Sign up for our Blog

Register Today

Sign Up

Power Your Insights

Connect with an Expert

Access Product Tour

Speak to an Expert