If you read our Outsourced Accounting FAQs blog, you might have an idea of the optimal times for a business to start outsourcing, but how do you know if you need to outsource in the first place? In this blog, we’ve gone over some of the biggest red flags that small and mid-size E&Ps should be wary about in their accounting operations. If your business is suffering from one or more of the issues described below, now is the time to consider outsourcing your accounting functions.

Unsure if outsourcing is right for you? You're not alone! We've put together some commonly asked questions about our services so you can outsource with confidence. Why would I need outsourced accounting? Aside from the cost-effective nature of outsourced accounting,...

Despite how far the field has advanced into the digital sphere, the Oil and Gas industry is still overrun with legacy software notorious for a lack of transparency. In addition, many companies are still using manual processes such as physical spreadsheets to manage...

Whether you’re an E&P operator, part of a private equity firm, or a midstream company, you’re probably expected to be GAAP compliant. But fully understanding GAAP procedures can be a tall task— albeit an important one— especially if you don’t handle your own...

Accounting is essential for the success of a business, both large and small. Whether you record and analyze your financial operations yourself or outsource your bookkeeping, it’s crucial to know the basics. We’ve explained 20 accounting terms to help get you started....

Production allocation is the process of accurately accounting for the oil, gas, and other products of a well. This production accounting contains the crucial data for the well and is therefore elemental in nearly all aspects of an oil and gas company. To perform this...

There is nothing common about producing and selling natural gas. E&P teams are finding molecules thousands of feet below the Earth’s surface, lifting them out of the ground and selling what comes out to an end-market buyer yielding the best price. To add to that...

As the oil and gas industry evolves and becomes a more competitive, more expensive ecosystem, knowing exactly where your money is going in a joint operating agreement has become crucial. If you have any concerns that your capital may be misallocated by an operator...