OIL & GAS INVESTOR BACKOFFICE
PROTECT YOUR
ASSETS
- Document 'what you own' in order to manage it
- Record revenue check detail to maintain the well totals and your
share
- Record expenses at a 'tax category' summary level so you
can evaluate AFE's and potential sales/leverage quickly
- Record your mineral ownership, DOI's, AFE's, leases, assignments,
deeds, and relate this to your production & expense history
- Scan/Image key documents with backups to protect
against loss
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MANAGE OIL & GAS ASSETS
EFFECTIVELY & EFFICIENTLY
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- Spend less to keep your books and always have someone
available
- Get more experience and a larger team to draw from
- Evaluate opportunities - quickly review historical production
and/or expenses to determine deal (sale, gift, acquisition,
collateral) impact
- Management and exception reporting that summarizes the
business and return of your assets - defined with you to fit
your audience
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MINIMIZE YOUR TAX LIABILITY
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- Provide detail income expenses by well for your expense and
depletion allowance - reports customized to minimize your Tax
CPA's time
- Ensure your 1099's and K1's match what you were paid
- Provide detail for state income taxes and compare to state
withholding performed by the purchaser so you don't duplicate state
tax payments
- Support reserve analysis (engr evaluation) for re-valuation
if warranted - could greatly impact cost basis depletion and tax
liability
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