Back Office Outsourcing and Administrative Services
EAG 1Source is your one-stop-shop for all your administrative service needs. With our exclusive expertise in the oil and gas industry, we provide you with the specific back office tools, guidance, expertise and support your company needs to achieve its business objectives. As the team behind your team, we help you reduce costs and improve operations so you can then focus on running your company.
We specialize in the following back-office outsourcing services:
- Upstream Accounting
- Midstream Accounting
- Financial Reporting
- Production Reporting
- Land Adminstration
You deserve an outsourcing company that understands what you go through as an oil and gas operator and then delivers the management services that match your situation. It’s all part of our mission to lead the digital transformation in the midstream and upstream segments of the oil and gas industry. With the 1Source experience, you’ll be able to drive your business forward.
Accounting
Not only are our people experienced professionals, but they have also worked in-house at upstream and midstream organizations and have a deep understanding of key metrics and drivers for your company. Our oil and gas accounting experts have been in your shoes, so they know exactly what to do when it comes to your company’s goals and finances.
We focus our attention on the following elements of Financial and Operational Accounting, including:
- AFE Management
- Accounts Payable
- Accounts Receivable
- Cash Management
- General Ledger
- Fixed Asset Management
- Inventory Management
- Division of Interest
- Owner Relations
- Joint Interest Billing
- Revenue Distribution
- Payout Reporting
- Gas Balancing
- Accounts Payable
EAG 1Source provides a leading-edge oil and gas software platform that streamlines and automates processes providing you with the transparency needed to crunch your numbers with ease, efficiency, and accuracy, resulting in better business decisions.
Financial Reporting
It’s one thing to have technology that processes your data. It’s another thing entirely to have access to detailed reporting and insights that deliver actionable value to you, your senior leadership, and your stakeholders.
We’ll provide analysis on the following key topics and more:
- Monthly Operational Reporting
- Quarterly Reporting
- State Regulatory Reporting
- Financial and Consolidations Reports
- Budget to Actual Reporting
- LOS and LOE Reporting
EAG 1Source connects you with oil and gas experts who get into the heart of the short- and long-term health of your business.
Production Reporting
It’s also essential that you have insight into your production data in the field, as this often determines whether your company will act or react – and to what degree. EAG 1Source delivers reporting on essential operational details including:
- Production Accounting
- Field Data Capture
- Operational Reporting
- Compliance
A leader in back office outsourcing for the oil and gas industry, EAG 1Source will help you understand exactly what’s happening in the production environment so you can then translate that information to a wider audience and make business decisions faster.
Land Administration
Proper land management is one of the underappreciated elements of working in the upstream and midstream segments of the industry. With the 1Source software platform we help you more effectively manage your land data, providing transparency through accurate:
- Acreage Reporting
- Lease Summary
- Land Administration
- GIS Mapping
- Obligation Management and Electronic Calendaring
- Payment Processing
- Lease Bonus Reporting
EAG 1Source will leverage leading-edge technology to effectively manage your land agreements and provide critical insights giving your company a crucial advantage over your competitors.