Oil & Gas Accounting Services
Are you an independent operator? Oil and gas investor? Royalty trust or mineral interest owner? No matter what part of the oil and gas industry you play in, you face complex regulatory challenges on a daily basis. Baker Tilly’s oil and gas outsourced accounting specialists can build a tailored solution to meet your goals today and scale with you as you grow, whether you are looking to outsource your entire accounting function or seeking assistance to manage overflow work.
Interested in getting started with us? Contact our back-office specialists.
As an independent operator, investor with a portfolio of non-operated working or royalty interests or a broker of oil and gas investments, Baker Tilly’s online systems and services can streamline your back office operations. This efficiency frees you and your team to focus on your core business, not on processing and managing your payables, joint interest billing (JIB) statements or revenue distribution checks. Our staff at Baker Tilly will handle portions or even all of your daily bookkeeping needs and will be in constant contact with questions or concerns as they arise, so you can refocus your time and effort.
Our custom service makes a difference, so you receive the following benefits:
Baker Tilly offers accounts payable and joint interest billing; financial, operational and production reporting; revenue entry and distribution; and hosting and software services specific to our oil and gas clients. Expand the sections below to read more about these services.
We are proficient at configuring and customizing the system to best fulfill your needs, and we can create custom business intelligence solutions. These solutions range from spreadsheet extracts, dashboard or other third party interfaces, to custom database reporting solutions. With our online delivery, you can access and track your land management records remotely.
Our accounting software and back-office services are completely internet-enabled so that you select the right level of involvement and control to customize a partnership with our professional team.
Our approach is simple, we make sure your business gets the job done. Software alone does not make your back-office efficient, you need people who know how to make the software work properly. We deploy the people, process, and technology to provide you timely, accurate results. And, we combine leading software with knowledgeable, trained staff to get your work done accurately.
We use several oil and gas applications as the platform for delivering results, including:
Do what you know best and outsource the rest to our qualified specialists. We have helped our clients through the booms and the busts.
In the current climate, controlling cost and delivering actionable data for both managing production and assessing partnership or transaction options is critical to managing your upstream business. Our oil and gas outsourcing solutions can reduce G&A expenses from 20-50% by leveraging partial FTE experienced resources, systems and automation, combined with less costly but highly trained offshore data entry personnel.Tom Black, Principal