The land administration department of your average oil and gas company manages the crucial back-office functions for the firm’s exploration and production efforts. This critical work involves all manner of land asset care, including negotiating agreements, maintaining leases and contracts, analyzing their production and profitability, and more. In this article, we will discuss: The three […]
Insights
Experience driven insights covering industry trends, best practices, and lessons learned.
How Your Reporting Architecture Can Improve with BPO
As technology becomes more powerful and more accessible, our expectations of its abilities grow in equal measure. The power of pure number-crunching and the reports generated from Big Data reflect such assumptions. However, all of these advancements are for naught if your company struggles to build a reporting architecture that makes your information usable. Thankfully, […]
EAG 1Source Spotlight of the Month – Kelcy Mayell
Our EAG 1Source April Employee Spotlight of the Month is….Kelcy Mayell! With over 5 years of experience in Accounting, Land Application Management, Project Management, Vendor Management, Software Integration and Implementation, Ticket/Issue Management, and Financial Modeling, Kelcy currently serves as our Quorum Support Manager here at EAG. She has spent most of her career in the […]
Why Should Your Oil and Gas Company Outsource its IT Field Support?
Efficient and practical field operations have been the lifeblood of the oil and gas industry for over a century. Therefore, you must ensure that your field offices are in tip-top shape, especially when it comes to 21st-century technology. Investing in high-quality outsourced IT field support guarantees that your devices, integrations, and data are maintained so […]
What You Didn’t Know About IT Due Diligence
Many different factors can cause your company problems during a merger or acquisition (M&A), including incompatible technology between companies. Since so much of our day-to-day operations rely on information technology (IT), it’s essential that companies clearly outline the current state of their respective infrastructures during negotiations. Quality IT due diligence ensures that the combination of […]
5 Reasons Your Oil and Gas Company Needs Consultants
Even the most sophisticated oil and gas company will eventually run up against problems and opportunities outside of their expertise, especially if they want to expand. Thankfully, there are consultants who specialize in oil and gas and you can rely on their years of deep knowledge for guidance on your current or future situation. Some […]
Examining the Best Practices for Successful Oil and Gas Accounting
Accounting for the oil and gas industry isn’t for the faint of heart. You must possess a deep breadth of knowledge about contemporary financial techniques and how they apply to the energy industry. In this article, we’ll touch on the following: The concept of best practices The fundamentals of oil and gas accounting The key […]
Acacia Exploration Partners – Outsourcing Land Administration
A HIGH-ACHIEVING CULTURE. Founded in 2018, Acacia Exploration Partners, LLC is a private oil and gas operating company engaged in the acquisition, development and production of oil and natural gas. The company culture is based on the premise of striving for extreme efficiency, and a disciplined approach to growth with the ultimate vision of exploiting […]
7 Tips to Improve Your IT Infrastructure Management
The amount of planning and organization that goes into creating a sustainable environment for your business’s technology cannot be overstated. Creating an effective IT infrastructure environment is not only tricky work, but it also requires deep technical and administrative know-how. Moreover, sound IT infrastructure management is not a “set it and forget it” arrangement — […]
7 Reasons Back-Office Outsourcing is the Ideal Strategy
A lot of work goes into cultivating a successful business. Unfortunately, many of those processes — such as human resources and information technology — have nothing to do with the actual product or service you’re delivering. When you hire a top-tier back-office outsourcing firm, professionals handle all of those essential administrative tasks on your behalf. In […]
7 Top Tips When Shopping for Outsourced IT Services
Many small and medium-sized businesses can’t afford to hire full-time information technology staff. However, with effective IT outsourcing services, your company can benefit from a full-scale IT department while also lowering costs. But since not all IT firms are created equal, you must know how to choose a provider that’s best for your needs today […]
Employee Spotlight of the Month – Kristin Sweezy
EAG 1Source’ December Employee Spotlight of the Month….Kristin Sweezy! With over 10 years of experience in all areas of accounting, Kristin brings her expertise of Revenue Accounting, Accounts Payable, Production Allocations, Regulatory Reporting and assisting with Audits for both Onshore and Offshore properties to EAG. What are 3 words you would use to describe EAG? Teamwork Dynamic Rewarding What’s been one […]