THE ENERGY INDUSTRY'S BEST ACCOUNTING & LAND EXPERTS

If you have been an oil and gas operator for any length of time, it’s almost a guarantee that you have wells connected to working interest owners. This means you are responsible for tracking and reporting those joint account charges to your interest owners, and that’s where things can get pretty complicated. This is why you need to have a good understanding of Joint Interest Billing (JIB) and the processes that come with it. That’s where we come in! We’ve written this quick overview to ensure that your JIB accounting is on the right track. 

Throughout 2025, PetroLedger Accounting & Land is striving to showcase our Outstanding PetroLeaders. These men and women aren’t just drawn randomly from a hat. They are selected by our senior leadership for going above and beyond in their respective fields and embodying our core values. This month, our Outstanding PetroLeader is Wendi Lightfoot, Private Client Account Specialist. Keep reading to see what makes Wendi such a vital part of our company.

Oil and gas operators face the everyday challenge of meeting standards set by various governing agencies at both the state and federal level, as well as dealing with additional requirements for operations on tribal lands. These regulations are put in place to ensure safety, organization, and the following of best practices. But with everything else going on in your business, it is too easy to let compliance sit on the back burner until it is too late. 

The word “outsourcing” gets a bad rap. When you hear it, you think nameless, faceless entities — third-party bots that, sure, handle your workload for you, but do so without the personal care or touch that an in-house individual would have. That’s not the case with PetroLedger. With us, you’re not just outsourcing. You’re creating a partnership. 

If you’ve been in the oil and gas industry for even a short period of time, you have no doubt heard the terms “lease agreement” and “division order” at least once. When it comes to the land components of this industry, these are critical elements that need to be well understood. So even if you know a lot or just a little about lease agreements and division orders, we are here to help you brush up on your understanding of just how important they are to your work.