Case Study: Clear Fork accelerates growth and improves field-to-finance efficiency with PakEnergy

Clear Fork processes 70% of vendor invoices digitally with PakEnergy

Clear Fork, an operator in the Permian Basin, sought to accelerate its growth and manage a growing number of assets without scaling its headcount. Their challenge was to digitally transform field operations and financial management to gain real-time visibility, improve cash flow forecasting, and efficiently handle a high volume of accounts payable invoices and partner data sharing. To address this, they turned to vendor PakEnergy to expand their use of its cloud-based solutions.

PakEnergy implemented its integrated performance platform, utilizing Pak Production for field data capture, Pak Accounting for financial management and lease operating statements, and Pak Exchange for AP automation and document management. This solution provided Clear Fork with granular operational and financial insight, enabling them to optimize asset performance and divestiture strategies. The results included managing 102 wells with a lean team, processing 70% of AP invoices digitally, accurately forecasting accruals to minimize borrowing costs, and seamlessly sharing data with 97 working interest owners.

Clear Fork