How Our Regulatory Services Can Help Land Clients

How Our Regulatory Services Can Help Land Clients

Mandy Lambright
August 10, 2023

Thanks to our recent merger with Associated Resources, Inc., PetroLedger is now a full-service company prepared to help you with all your oil & gas accounting and land administration needs. This new addition of experienced land management professionals to our team also brings with it new clients that might already be familiar with our land services through ARI but could still stand to benefit from our accounting services as well. Read on to find out how our regulatory compliance experts can help keep you on track.

Accurate and Timely Reporting

PetroLedger has over 25 years of experience in state, federal, and tribal reporting – including production volume reporting, state severance taxes and ONRR reporting (both Federal and Tribal). Our accountants are highly knowledgeable about the regulations and requirements for all 50 states, so no matter how simple or complex each state’s reporting and filing processes can be, we have you covered.

The ever-changing rules and statutes set forth at the state, federal and tribal level can create complex challenges for producers trying to maintain compliance. Our team stays up-to-date on all the latest changes so we can simplify the process for you and protect you against regulatory audits, leaving you with more time to focus on growing your business.

For more information about ONRR reporting, especially at the tribal level, and how our accounting professionals can help you, check out this white paper on The Changing Tribal Regulatory Landscape.

Unclaimed Property/Escheatment

Our accountants have experience in state royalty reporting and escheatment, as well as a deep understanding of the environmental, legal, and safety regulations that apply within the oil & gas industry. Escheatment (unclaimed property) compliance can seem daunting for operators, family offices and others in the oil & gas industry, but PetroLedger Financial Services has decades of experience with regulatory filing and escheatment law and can ensure full compliance.
Our Unclaimed Property professionals can analyze your books for unpaid revenue that meets your state’s escheatment laws and will make sure that your finances stand up to audit, as well as tracking down which state or states have a valid claim to these funds. We'll walk you through all of the current guidelines for submitting this revenue to the state and will work with you to ensure you are filing the proper escheatment documentation to avoid any unintentional noncompliance.

When you partner with PetroLedger Financial Services, we take the time to understand your business and complete a full review of your filing history, because we believe that properly managing compliance at the start will lead to savings down the line.

This is only a broad view of the services we offer to help keep your company compliant. You can find a full list of our regulatory services here.

Want to know how we can help you with your regulatory concerns? Call our team today, or send us an email!

Mandy Lambright
Marketing Director

Mandy joined PetroLedger in September 2022 after serving for almost a decade as the Creative Director at a fine art gallery, where she honed her marketing and design skills. She graduated with a degree in Graphic Design from Abilene Christian University.

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