Oil and Gas Accounting Services

Not all outsourcing solutions are created equal. EAG 1Source was established exclusively with the oil and gas industry in mind. When you sign up for our oil and gas accounting services, your company will benefit from our decades of specialized experience in both transactional processing and application technology.

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We deliver the following oil & gas accounting expertise:

  • Focused on midstream and upstream companies
  • Enhanced back-office accounting practices
  • Targeted asset-based accounting knowledge
  • Experience with multiple accounting software platforms and methodologies

EAG 1Source works solely with midstream and upstream organizations that are either startup in nature or established organizations looking to change their business model and G&A spend. We connect you with both the right software and accounting experts to achieve your business strategy and drive results. Our goal is to lower your operational costs, improve your internal processes, and take the stresses of day-to-day back office operations off your hands, allowing you to focus on actually running your company.

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Oil and Gas Accounting Solutions

EAG 1Source provides answers for your essential financial and operational elements, 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

Whether you need help with balance sheets, cost accounting, cash flows, financial reporting, or more, EAG 1Source has the expertise to assist.

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Oil and Gas Accounting Services

We also provide crucial help for outsourced oil and gas accounting tasks such as:

  • Payroll Accounting
  • Electronic Invoicing and Workflow
  • Document Management
  • 1099 Reporting
  • State and Federal Taxes

 

Oil and Gas Accounting Methods

As a result of our extensive expertise operating solely in the oil and gas industry, our staff accountants are well-versed in both accounting methods of full cost and successful efforts.

However, EAG 1Source is not in the habit of sticking with the status quo just because it has worked in the past. Our job is to address your specific needs with the best and most cost-efficient answer for your business. We have curated and designed our software stack, services, processes, and resources to accomplish just that.

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