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 […]
Category: Industry Knowledge
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 […]
How to Create an IT Disaster Recovery Plan
Threatening IT issues can happen when your company least expects it, and although these issues may not be statistically likely to occur, it doesn’t mean you’re protected indefinitely. In a world that’s increasingly driven by impressive technology stacks, your business must have a robust IT disaster recovery plan if it hopes to survive a physical […]
Understanding the 4 Types of Data Analytics
Companies increasingly grapple with how to handle the sheer amount of information they can collect from customers and business partners. Data analytics helps them sort, parse, and convert raw data into key performance indicators (KPIs) and actionable business intelligence. The methods by which we analyze data can be sorted into four core categories. These four […]
How Data Analytics Will Improve Your Business
Data is everywhere. It’s constantly collected, analyzed, and used by businesses of every shape, size, and description. However, not all data is created equal. As a business owner, you must determine the essential key performance indicators (KPIs) that will help you grow. That’s the end goal of data analytics: To drill down through the crust […]
How Business Process Outsourcing Can Take Your Company to the Next Level
No matter the size, every business eventually reaches the point where they must decide whether to remain at the status-quo or change directions if they want to continue being successful. With business process outsourcing, your company can pursue a more focused and strategic course of action that helps you take the right steps forward. In […]
How to Leverage Technology to Cut Costs and Still Achieve Growth
The economic downturn of 2020, coupled with the COVID-19 pandemic has created substantial upheavals in the oil and gas industry. Companies across the spectrum have sought solutions both common and out-of-the-box as they attempt to stay afloat. oil and gas companies have begun to heavily leverage technology effectively to lower costs and pursue success. In […]
Using Big Data Analytics for Oil and Gas
While the concept of “big data” has been in the public consciousness for several years now, far too few companies actually take advantage of what it offers. They’re convinced that it doesn’t apply to them, that it costs too much, or that it’s just not right for them right now. In reality, big data analytics […]