(SAN ANTONIO and OKLAHOMA CITY) - February 1, 2023
PetroLedger Financial Services, LLC. (“PetroLedger”) today announced the acquisition of Oklahoma City-based oil and gas land management and accounting firm, Associated Resources, Inc. (“ARI”), as an expansion of its strategic transactional accounting services for the energy market.
"We are thrilled to welcome Associated Resources to the PetroLedger family," said Chad Smith, Partner at PetroLedger. "The combination of their high-quality land services and our premier transaction accounting creates a full-service offering for our current and potential clients. This acquisition is a natural extension of our current business and will enable us to better serve our existing clients and continue to grow our business.”
“Land administration services is a natural progression for PetroLedger as our current and potential clients continue to ask for help to support their operational needs,” continued Smith. “With our broad product offering, operators can be assured that in one-stop, all of their outsourcing needs will be met. Our industry is increasingly losing experienced professionals who are retiring, and due to concerns about the future of our industry, fewer young professionals see a career in oil and gas. PetroLedger is heavily investing in the people, training to utilize improved technology and new markets to support the industry. Several months ago, PetroLedger opened a new office in Fort Worth,” concluded Smith.
“To find a buyer in PetroLedger who believes in the power of what we do and the people we work with was paramount in our decision to sell,” said Brandan Ward, Partner at ARI. “We believe their attitude to put the client first by investing in their people honors the brand we built over the last 30 years. Our hard-working clients and friends in the oil and gas industry deserve a reputable and diligent partner to support all their needs, and now PetroLedger can do that across land administration.”
PetroLedger, headquartered in San Antonio, is a nationwide leader in providing transaction services for the oil and gas industry. We focus on people and process, making sure the right person is doing the right work at the right time. Supported by over 125 employees across the nation, we support a full suite of transactions services, gas plant settlements, division orders, mineral interest management, and regulatory requirements. To learn more about our mission, vision and values, and where PetroLedger Financial Services can take your company, visit us at www.petro-ledger.com.
For PetroLedger inquiry, contact:
Jordan Driskell at 210-903-0500
Jordan comes to PetroLedger having spent six years at WolfePak Software. As their former Director of Professional Services, he administered several teams and oversaw conversions, training, and implementation, as well as handling service sales, navigating mergers and acquisitions, and managed other operations-related responsibilities. Prior to that, he served as the Controller for Tigé Boats, worked in Legal for Blue Cross Blue Shield, and is a proud veteran of the United States Air Force.
Last month at the George R. Brown Convention Center in Houston, NAPE 2023 celebrated 30 years of bringing together projects and opportunities from around the world. The show preserved its core format — aisle after aisle of booths with maps, seismic surveys and droves of homogenous businessmen seeking the next deal.
Each year, the NAPE Expo in Houston is a microcosm of the state of the oil and gas industry. This year, despite some pre-convention jitters about the Omicron variant of COVID, the show went on without a hitch. And what a show it was. To my eyes and ears, the theme around NAPE this year was GREEN.
Each year, the NAPE Expo in Houston is a microcosm of the state of the oil and gas industry. This year, despite some pre-convention jitters about the Omicron variant of COVID, the show went on without a hitch. And what a show it was. To My eyes and ears, the theme around NAPE this year was GREEN.
I was in Houston last week for the NAPE Summit (this was the winter version rescheduled for August and replacing the summer NAPE). The industry had big plans and high hopes for a back-to-normal mega-convention after a year pivoting and adjusting with countless virtual chats and online forums of which we are all quite tired. NAPE has always been a place to see and be seen in the flesh, a place “where deals happen”. Six months ago, PetroLedger committed to a booth and in-person presence to promote our fresh rebrand, connect with our strategic partners and push to continue our year of strong customer growth with newly formed relationships. That was our plan…