Limerax is the purpose-built SaaS platform for upstream capital cost tracking. Effortlessly manage Authorizations for Expenditure (AFE), 4-level approval governance, supplement lineage, milestone slip re-phasing, and Joint Venture working-interest math.
Most mid-sized operators run millions of CapEx through fragile spreadsheets and lost email chains. Here is how Limerax cures the operational risk.
| CAPEX WORKFLOW TASK | TRADITIONAL EXCEL + EMAIL | LIMERAX SAAS PLATFORM |
|---|---|---|
| AFE Approval Chains | Forwarded PDFs & buried threads. Impossible to verify who approved what version. | Strict L1→L2→L3→L4 web workflow with built-in Segregation of Duties (SoD) rules. |
| Budget Supplements | AFE budget quietly inflates without a clear lineage of approved increments. | First-class Supplement Objects. Authorized total = Original + Approved increments. |
| Milestone Slips & Phasing | Rig delays require manual month-by-month formula edits across multiple sheets. | One-click schedule slip preview. Shifts future uncommitted cashflows automatically. |
| Joint Venture Billing | Manual copy-paste for each partner every month. High error rate on net shares and splits. | Instant Net vs. Gross partner statement generation + L0 partner portal read access. |
Categorize AFEs by drilling, completions, facilities, workover, or seismic. Standard WBS cost-code structures seeded on launch, with multi-month cashflow phasing.
Configurable L1 (Originator) → L2 (Reviewer) → L3 (Approver) → L4 (Authorizer) approval chains. Strict Segregation of Duties blocks authors from approving their own AFEs.
When rig availability or weather shifts a milestone, preview the cashflow delta instantly before committing. Protect historical actuals while re-spreading future spend.
Define partner working interest splits mathematically enforced to sum to 100%. Generate net-share partner statements and grant read-only L0 partner viewer accounts.
In Limerax, math is updated live as you type—no recalculation buttons, no broken formulas. Try adjusting the parameters to see instant Gross vs Net calculations.
In Limerax, an Originator cannot approve their own AFE. The engine checks action history at every stage to block self-approvals and governance conflicts.
You authored this AFE submission as L1 Originator. You are legally blocked from performing the L2/L3 approval action on your own estimate. The approval button has been replaced with this audit rule banner.
You are logged in as User B (L2 Reviewer). You did not author this AFE. Approval controls are enabled and active.
Limerax is engineered on a modern modular monolith architecture. No unnecessary microservice complexity—just solid, reliable technology ensuring your sensitive cost data is safe.
Tenant isolation enforced directly inside the database kernel. A missing application clause can never leak cross-tenant data.
Argon2id password hashing, rotating refresh tokens, and optional two-factor authentication without third-party lock-in.
Compliant international billing, VAT/sales tax handling, and instant PDF receipts for corporate accounting.
No per-seat penalties. Invite your whole project controls, engineering, and reviewer team without extra fees.
Ideal for non-operated interest holders and single-asset operators getting off spreadsheets.
For growing operators with real project-controls and JV partner accounting needs.
For mid-sized operators running heavy multi-well drilling campaigns.
Beyond the AFE core available today — modules planned as the platform grows.
Org-level CapEx allocation, allocation to AFEs, and variance tracking across the portfolio.
Actuals booking and variance tracking against approved estimates.
Working-interest billing and partner statement generation.
Task-level scheduling, dependencies, and milestone execution tracking.
Investment and analyst-facing project economics engine.
Extensive cross-portfolio and custom reporting suite.
Procurement and supply-chain contract management.
Central document repository beyond AFE records.
Lifecycle tracking for fixed assets and equipment.
Monte Carlo-based project risk modeling.