These Terms and Conditions (the “Terms”) are a binding agreement between you and Kylark Ventures LLC (“Kylark Ventures,” “we,” “us”) governing your access to and use of the OilStats Revenue Tracking website and application at revenue.oilstats.us and related services (together, the “Service”). By creating an account, subscribing, signing in, or otherwise accessing or using the Service, you agree to these Terms. If you do not agree, do not use the Service.
If you use the Service on behalf of a company, trust, or other organization, you represent that you have authority to bind that organization, and “you” includes that organization.
The Service is separate from the oilstats.us map application, which has its own subscription and its own terms. A Revenue Tracking subscription does not include the oilstats.us map.
The Service reads oil and gas revenue statements that you provide — royalty and working-interest check stubs, owner detail statements, and similar remittance documents — itemizes the amounts printed on them, and keeps a ledger of those amounts for you. A statement may be read from its own printed text, from a spreadsheet or delimited file you provide, by an AI-assisted reader where you choose to use it, or from figures you enter by hand.
Every reading is presented to you for review before it is added to your ledger. The Service totals what your statements say; it does not audit them, verify that you were paid correctly, compute or confirm ownership interests, or determine the tax treatment of any amount. The operators, payors, and statement vendors whose documents you upload are not affiliated with the Service and do not endorse it; the statement itself, and the payor’s own records, control in the event of any discrepancy.
Access to the Service requires an account and an active paid subscription. You agree to provide accurate account information and to keep your login credentials confidential. Your subscription is for your own use; sharing login credentials or providing access to persons who are not subscribers is prohibited. You are responsible for all activity under your account.
Subscription fees, billing periods, and any free-trial terms are as presented at sign-up. Subscriptions renew automatically at the end of each billing period until cancelled. You may cancel at any time through your account; cancellation takes effect at the end of the current billing period, and except where required by law or expressly provided in Section 13, fees already paid are non-refundable. Payments and account management are processed by our third-party providers, and your use of those services is also subject to their terms. We may change subscription pricing with notice, effective at your next renewal. We may decline to offer, or to renew, the Service to any person, as described in Section 13.
Each plan includes a number of entities and a number of statement scans per plan year, as presented at sign-up and shown in the application. Each statement the Service reads for your account uses one scan, whether or not the AI-assisted reader is involved; a file read again within the plan year does not use another scan until it has been read three times. A plan year runs from the day your account first signs in to the Service. Unused scans do not carry over to the next plan year.
You keep all rights you have in the statements you upload and in the ledger built from them. You grant Kylark Ventures a limited license to process that material solely to provide the Service to you.
Each time you upload or enter a statement, you represent that: (a) you are the owner of the interests the statement reports on, or the owner’s authorized representative (for example, the owner’s accountant, attorney, trustee, agent, or family office); (b) you are entitled to receive and use the statement; and (c) you direct Kylark Ventures to process it, as your agent and on your behalf, for the purpose of keeping your own ledger.
You agree not to upload a statement that you obtained in violation of law or of an agreement that binds you, and not to use the Service to collect, assemble, or process statements that belong to persons who have not authorized you to act for them.
Subject to these Terms and payment of applicable fees, Kylark Ventures grants you a limited, non-exclusive, non-transferable, non-sublicensable, revocable license to access and use the Service for your own personal or internal business purposes, including printing or exporting your ledger and reports for those purposes and sharing them with your own advisors. Printed or exported material must retain the Kylark Ventures copyright notice where one appears. All rights not expressly granted are reserved.
You agree not to: (a) resell, sublicense, rent, lease, or make the Service available to third parties; (b) reverse engineer, decompile, or attempt to extract the source code or reading rules underlying the Service; (c) remove or alter any copyright, attribution, or proprietary notice; (d) interfere with or disrupt the Service or circumvent any access control, usage limit, or subscription requirement; (e) misrepresent a reading from the Service as a statement issued by a payor or as an official record; or (f) use the Service for any unlawful purpose. Sections 6 and 7 set out further restrictions that apply to competing use and to automated access.
The Service is licensed to you as an end user. You agree that you will not, directly or indirectly, and will not permit or assist any other person to, use the Service — or any reading, report, export, print, screen display, output, or documentation obtained from or through it, other than your own ledger data (together, “Service Content”) — to design, develop, build, train, benchmark, market, sell, or operate any product, service, dataset, application, or website that competes with, substitutes for, or performs substantially the same function as the Service.
Without limiting the foregoing, you will not use the Service or Service Content to: (a) train, fine-tune, ground, evaluate, or otherwise develop any machine-learning model, large language model, or other artificial-intelligence system; (b) reconstruct, reverse engineer, or replicate our reading rules, proofs, or the selection, arrangement, and presentation of the Service; (c) benchmark, audit, or study the Service for the purpose of developing or improving a competing offering, or supply the Service or information about it to any person for that purpose; or (d) act as a conduit through which any competitor obtains access to the Service or Service Content.
You represent, each time you access the Service, that you are not accessing it on behalf of, or for the benefit of, any person developing or operating a competing offering. This Section survives termination of your subscription.
This Section restricts what you may do with the Service. It does not restrict what you may do with your own statements or with the figures in your own ledger.
You may access the Service only through the interface we provide, by ordinary human interaction, and only for your own use. You will not, and will not permit any other person, program, agent, or tool to: (a) use any robot, crawler, scraper, script, bot, or other automated process to access or operate the Service; (b) access the Service through any interface other than the one we provide, including any undocumented, internal, or private endpoint, or use credentials issued to you to authenticate any program other than the Service itself; (c) circumvent, disable, or interfere with any rate limit, access control, authentication, usage limit, or other technical measure we use to protect the Service; (d) share, sell, publish, or otherwise make available your credentials, session token, or cookie, or permit account access by anyone other than you; or (e) place an unreasonable or disproportionate load on our infrastructure.
We may monitor, log, rate-limit, challenge, block, or restrict access to the Service — by account, IP address, device, or usage pattern — to detect and prevent conduct prohibited by these Terms. Nothing in these Terms grants you any right to test, probe, or scan the Service’s security or availability.
Enforcement. You acknowledge that a breach of Section 6 or this Section 7 would cause irreparable harm to Kylark Ventures for which monetary damages would be an inadequate remedy, and that Kylark Ventures is entitled to seek injunctive relief and specific performance, without the necessity of posting a bond or proving actual damages, in addition to any other remedy available at law or in equity. You agree to reimburse our reasonable costs and attorneys’ fees incurred in enforcing Sections 5, 6, or 7 against you.
The Service — including its software, design, reading rules, reports, and the selection, arrangement, and presentation of information — is owned by Kylark Ventures LLC and is protected by copyright and other intellectual-property laws. © Kylark Ventures LLC. All rights reserved. Your statements and the figures in your ledger remain yours. Names of operators, payors, and statement vendors that appear in your statements belong to their respective owners, and no affiliation or endorsement is implied.
The Service and all content are provided “AS IS” and “AS AVAILABLE.” Kylark Ventures makes no representation, warranty, or guarantee of any kind, express or implied, including any warranty of accuracy, completeness, timeliness, merchantability, fitness for a particular purpose, title, or non-infringement. Readings may contain errors or omissions and may differ from the statement.
Every reading of a statement — whether taken from the statement’s own text or produced by the AI-assisted reader — is an automated proposal presented for your review and correction. It is not a record, an audit, an accounting, an ownership or title determination, or tax, legal, financial, or accounting advice. The checks the Service performs (for example, that the lines add up to the check amount you enter) reduce the chance of a misreading; they do not guarantee that a reading is correct or that the statement itself is correct. You are responsible for verifying every entry against the statement and your own records before relying on it, and for consulting your own accountant or attorney about the tax and legal treatment of your revenue.
Your use of the Service and any reliance on its content is entirely at your own risk. You are solely responsible for any decision made or action taken based on the Service, including tax filings, reconciliations, disputes with payors, and business, financial, or investment decisions.
To the maximum extent permitted by law, Kylark Ventures LLC and its members, managers, employees, and agents will not be liable for any indirect, incidental, special, consequential, exemplary, or punitive damages, or for any lost profits, lost revenue, lost data, or business interruption, arising out of or relating to the Service or these Terms, even if advised of the possibility of such damages.
To the maximum extent permitted by law, the total aggregate liability of Kylark Ventures LLC and its members, managers, employees, and agents for all claims arising out of or relating to the Service or these Terms — whether in contract, warranty, tort, strict liability, or any other theory, and however many claims are brought — will not exceed the total subscription fees you actually paid to Kylark Ventures for the Service during the twelve (12) months immediately preceding the event giving rise to the claim. If you paid nothing during that period, our total aggregate liability is zero. This cap is a material part of the bargain between us and reflects the price of the Service and the disclaimers in Sections 9 and 10; it applies even if a limited remedy fails of its essential purpose. Some jurisdictions do not allow certain limitations, so portions of this Section may not apply to you.
This Section limits what Kylark Ventures may owe you. It does not limit your obligations under Sections 4, 6, 7, or 12, and it does not limit our right to recover damages, costs, and attorneys’ fees arising from your breach of these Terms.
You agree to indemnify, defend, and hold harmless Kylark Ventures LLC and its members, managers, employees, and agents from and against any claims, damages, losses, liabilities, costs, and expenses (including reasonable attorneys’ fees) arising out of or relating to your use of the Service, your violation of these Terms, your violation of any law or the rights of any third party, or any statement you upload in breach of your representations in Section 4.
We may modify, suspend, or discontinue the Service or any feature at any time, and we do not guarantee that the Service will be uninterrupted, error-free, or available at any particular time. Keep your own copies of your statements; the Service does not store them. You can download your ledger as a file at any time, and we recommend doing so before cancelling.
We may suspend or terminate your account and your access to the Service at any time, for any reason or for no reason, in our sole discretion, with or without notice or explanation, and we may decline to offer or renew the Service to any person. Reasons may include, without limitation, violation of these Terms, suspected automated access, suspected competing use, credential sharing, fraud, chargeback, abuse of our staff or systems, nonpayment, or our decision to discontinue the Service or to stop serving a market or category of user.
Refunds on termination by us. If we terminate your account for convenience — that is, for a reason other than your breach of these Terms or suspected fraud, abuse, unlawful use, chargeback, or nonpayment — we will refund the unused, prepaid portion of your then-current subscription period, prorated from the date of termination. That prorated refund is your sole and exclusive remedy for such a termination. If we suspend or terminate your account for cause, no refund is due and any fees you still owe remain payable.
You may stop using the Service and cancel your subscription at any time, as described in Section 3. On termination for any reason, your license under Section 5 ends immediately and you must stop using the Service, except that your own ledger exports and printed reports may be retained. We are not liable to you or to any third party for any suspension or termination made in accordance with this Section. Sections of these Terms that by their nature should survive termination (including Sections 4, 6–12 and 15–16) survive.
Account registration, authentication, and payment are handled by our third-party service providers, which collect and process your information under their own privacy policies. We use account information to operate the Service, including saving your ledger to your account, and we do not sell your personal information. Our Privacy Policy describes in more detail what we collect and how we use, share, and retain it; it is incorporated into these Terms by reference.
Reading your statements. A statement you upload is sent to our servers to be read and is not kept there once the reading is returned. If you choose to use the AI-assisted reader for a statement, the pages that need it are transmitted to Anthropic, PBC, which acts as our subprocessor and processes them through its Claude API in order to return a reading to you. Anthropic processes and retains submitted content in accordance with its commercial terms in force at the time of processing, which do not permit Anthropic to use your submitted content to train its models. We record only usage metadata (a count of the statements read for your account in the plan year and a short fingerprint of each file, so a file read again is recognised) to apply plan limits. Ledger lines that you approve are saved to your account.
These Terms are governed by the laws of the State of Wyoming, without regard to its conflict-of-laws rules. Any dispute arising out of or relating to these Terms or the Service will be brought exclusively in the state or federal courts located in Wyoming, and you consent to the personal jurisdiction and venue of those courts. To the extent permitted by law, any claim must be brought within one (1) year after it accrues, and each party waives any right to a jury trial and to participate in a class action. Nothing in this Section prevents Kylark Ventures from seeking injunctive relief under Section 7 in any court of competent jurisdiction.
These Terms, together with the subscription terms presented at sign-up, are the entire agreement between you and Kylark Ventures regarding the Service and supersede any prior agreements. If any provision is held unenforceable, it will be modified to the minimum extent necessary to make it enforceable, or severed if it cannot be, and the remainder stays in effect. Our failure to enforce a provision is not a waiver. You may not assign these Terms without our consent; we may assign them in connection with a sale or reorganization of our business.
We may update these Terms from time to time. The current version, with its effective date, will always be posted at this page, and material changes may also be announced in the application. Your continued use of the Service after updated Terms take effect constitutes acceptance of the updated Terms.
Questions about these Terms may be directed to Kylark Ventures LLC at [email protected].