Oil & Gas Exploration & Production Accounting Services

EXPLORATION & PRODUCTION SERVICES

Emergent Partners offers flexible accounting, reporting, and data management solutions for Oil & Gas Exploration & Production companies.

General Ledger

  • Standard Voucher Maintenance
  • Generate and Post Journal Entries
  • General Ledger Reports (210, 212, 220, 230, 240, and 250)
  • General Ledger Monthly Closing
  • AFE Budget Entry
  • Well History Entry
  • Regulatory Reporting

Accounts Payable

  • Invoice Entry
  • A/P Processing
  • A/P Reporting
  • Cash Requirements Reporting
  • A/P Monthly Closing

JIB Processing

  • Owner Advances
  • JIB Prelist Report (720)
  • Expense Status by Owner
  • Expense Status by Well
  • JIB Expense Redistribution
  • JIB Expense Redistribution Posting

Accounts Receivable

  • Invoice Maintenance
  • A/R Generation and Entry
  • A/R Invoice Posting
  • Payment Entry
  • Adjustment Entry
  • A/R Status Inquiry by Owner
  • A/R Aging Reporting (640)
  • A/R Delinquency Reporting (650)
  • Cross Clearing of A/R and Revenue
  • A/R Summary Statements
  • A/R Monthly Closing

Revenue Processing

  • Purchaser Check Entry and Posting
  • Missing Check Reporting
  • Revenue Receipt History (415)
  • Revenue Summary
  • Owner Revenue
  • Revenue Suspense
  • Owner Payout Reports
  • Well Payout Reports
  • Revenue Monthly Closing
  • 1099 Generation for Owners

Why Emergent?

  • Flexibility: we custom tailor our solution to your unique situation and scale that solution depending on your goals.  We also offer flexible pricing models that allow you to budget your monthly expenditure more effectively.
  • Experience: our team is made up of senior oil and gas accounting, reporting, and data professionals. We have years of experience working for companies like yours and will provide you fast, accurate results.
  • Cost: our core business is working with small and mid-sized companies, so we understand how to work within budges for companies like yours.
  • Quality: we strive to provide quality solutions for companies. Our internal management is designed to ensure the accuracy of the information we provide you and responsiveness to your tasks.

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