Why Revenue Processing in Oil & Gas Feels Broken — and What We’re Doing About It

When I first got into oil and gas, one of the things that caught me off guard was how hard it was just to get your own revenue data organized.

Every month, statements start trickling in from different purchasers and operators. Some show up as PDFs. Others are scanned. A few come in Excel if you’re lucky. There's no consistency, and there’s definitely no automation.

So what ends up happening?

You forward the files to your bookkeeper or accounting team — or you try to handle it yourself. You dig through each statement line by line, trying to match up production dates, volumes, prices, and deductions. You key everything into spreadsheets or accounting systems manually. Then you go back and double-check decimals and net payments just to make sure you didn’t miss something that could mess up a JIB or a partner payment.

It’s repetitive. It’s error-prone. And it eats up way too much time.

That whole process? It feels like it hasn’t changed in 20 years.

How Joltly Is Fixing It

At Joltly, we’re building a tool that makes this whole mess go away.

We’re launching an AI-powered revenue processing system in mid-June 2025 that turns unstructured revenue statements into clean, upload-ready data — without the manual busywork.

Here’s how it works:

1. Upload or Forward Your Statements

Whether you receive your revenue statements via email or download them yourself, just upload them into Joltly — PDFs, Excel files, or even scanned docs. If you email them to us, we’ll automatically pick them up and start processing.

2. Let the AI Do the Heavy Lifting

Joltly’s AI reads the statement and extracts key info: purchaser name, well codes, production dates, volumes, prices, deductions, and payment amounts. It takes what used to be hours of data entry and does it in seconds.

3. Review and Export

You can review the data in Joltly and make any final tweaks if needed. Then export it into a format that matches the template your accounting system already supports — whether that’s Excel or a flat CDEX file.

4. Drop It Into Your Existing System

We’re not trying to replace your accounting platform. You just upload the file into your existing oil and gas accounting system using its normal revenue voucher or import tool. Done.

If that sounds like something you’d want to be part of, book a call with me and we’ll get you on the waitlist.

Let’s make revenue processing suck a little less.