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How-to: Create a Lease

In this article you will learn how to create and manage Leases for your production Wells

Orlando Leyva avatar
Written by Orlando Leyva
Updated over 7 years ago

To add / update a Lease in your account, you must have an admin role. This will allow you to easily create and manage Leases for your production Wells.

This article contains the following topics: 

  • Adding a new Lease

  • RRC PR Reports 

  • Updating Existing Well Groups

  • Quick Edits

Adding a New Lease

Account administrators can add new a Well Group (Oil, Gas or Water), group them, import production data, setup tanks, meters, configure allocations and create Errors and Warnings. 

To add a Lease:

1. Hover over the Manage tab, then select Wells

2. Click the Leases sub tab. To add a group, click + New Lease

3. Enter the Lease basic information. Lease name, State/Federal ID, State, County and Status. All fields are mandatory. When done, click Save & Continue.

RRC PR Report

3.1 If your Lease is in the State of Texas, you have the option to include the Lease in the RRC PR Monthly Report that can be generated in iWell Reporting. 

By clicking on the checkbox on the right, the platform will prompt you to fill the necessary data to include the Lease in the report.

NOTE. To enable the Texas RRC PR Report in your iWell account, see the guide on setting up your RRC reports or contact iWell Support. 

Update an Existing Lease

4. To edit an existing Lease, click on the name of Lease, or on the pencil icon on the right.

You can Edit the Lease name, State/Federal ID, State, County, status*, and the Wells associated to the Lease. Click Save when done.

Quick Edits

5. You can quickly edit multiple Leases by using the Quick Edit form. Select the Leases you want to edit, and update their status on the platform. Click Apply to save changes.

5.1 To delete a Lease, click on the trash bin icon to the right. This action cannot be undone.

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