Oil and Gas Operator Accounting
Regulatory Compliance & Owner Relations

Your operations, supported by expert people and connected technology.

See How Valor Supports Operators

Learn how Valor's oil & gas accounting, land administration, and regulatory compliance keep operators running smoothly: Overview

Show transcript

[0:00] Running an oil and gas operation is hard enough. You're managing vendors, drilling schedules, land, partners.

[0:08] And behind all of it, there's a back office that has to be accurate, consistent, and on time. Every month, revenue goes out.

[0:17] JIBs go out. Owners expect answers. Filings have deadlines. And none of it slows down.

[0:25] The challenge isn't the work itself. It's keeping a back office running at the level your operation demands as you grow.

[0:33] That's where most operators start to feel the pressure. Valor acts as your oil and gas back office. Fully integrated or function-specific, depending on what your operation calls for.

[0:45] Built to run the financial, regulatory, and operational backbone of your business. We've worked inside these systems.

[0:53] We understand how the details connect. And where things break when they're not handled correctly. Whether you're operating a handful of wells or need targeted support within a larger operation.

[1:05] We step in where it matters. With the structure, experience, and flexibility to fit the way you operate. We handle your back office exactly the way your operation needs it.

[1:16] Accounting. Production. JIB. Revenue. Closed accurately and on time. Every month.

[1:24] Owners are handled. Division orders. Pay decks. Inbound calls. Managed without it becoming your problem.

[1:33] Compliance stays in line. Filings go out. Deadlines are met. Nothing slips. Land stays organized and up to date.

[1:43] Leases. Obligations. Contracts. Tracked and maintained as your assets evolve. And when you're in a transaction, we step in where it matters.

[1:53] Supporting diligence, cleanup, and close. All of it runs through the systems your operation depends on. We work across all industry-leading platforms to keep everything aligned.

[2:05] So nothing gets disconnected as your operation grows. What changes when the back office is handled the way it should be? Time comes back.

[2:14] Things stop slipping. You're not chasing answers. You're making decisions. At Valor, that's the standard.

[2:23] A back office that's consistent, accurate, and keeps up with your operation.

Valor is an oil and gas accounting and back office solutions company focused on operating accounting outsourcing and land and lease administration. Valor provides a full suite of accounting services, land management, lease administration, owner relations, and division order outsourcing, including: accounts payable and joint interest billing, financial, operational and production reporting, revenue entry and distribution, federal and state reporting, and regulatory compliance.

$1.89Min severance tax value uncovered.

7 leases. 6 months of amended filings.A closer look at a Texas natural gas producer.

A Valor client case study

$1.89 million in severance tax value uncovered.

Valor reconstructed a Texas natural gas producer's missing severance tax records and identified recurring classification errors, reporting discrepancies, and overlooked deductions across seven leases.

Marketing cost deductions identified: $1,200,000
Lease reclassification savings identified: $650,000
Reporting refund filed: $40,000

Download the case study

The $1.89 million combines identified deductions, reclassification savings, and a filed refund; it is not a cash recovery total. This case study reflects one client's experience. Results vary and are not guaranteed.

Operating Accounting Services for Oil & Gas

Operating accounting is the backbone of oil and gas financial management. Valor provides comprehensive operating accounting services including production accounting, revenue accounting, joint interest billing, and regulatory compliance reporting. Our operating accounting experts handle the complex calculations and reporting requirements unique to the oil and gas industry.

What's Included in Valor's Operating Outsourcing Services

Production Accounting - Track volumes, allocations, and production data
Revenue Accounting - Process revenue distributions and owner payments
Joint Interest Billing (JIB) - Manage partner billing and cost allocations

Regulatory Compliance - State reporting, severance taxes, TRC/OCC filings
General Ledger - Full-cycle accounting and financial reporting
Division Order Processing - Ownership validation and pay deck management

Oil & Gas Accounting Services JIB & Revenue Regulatory Compliance Land Administration

Oil and Gas Back Office Solutions

Valor can provide oil and gas accounting and back office services to oil and gas operators and investors:

Oil and Gas Accounting

JIB and Revenue

Land Administration

Owner Relations

Transactional Services

Regulatory Compliance

Division Orders

Complete Energy Industry Accounting & Land Administration Services

Valor can provide accounting and land administration services for oil & gas and energy companies, supported by professionals with decades of experience, as the full back office or one function at a time.

Oil & Gas Accounting

Fully customized, scalable suite of accounting services to help energy companies get more value out of their back office operations.

• Accounts Payable & Joint-Interest Billing: Complete AP processing and JIB management
• Revenue Accounting: Comprehensive revenue processing and optimization
• General Ledger: Full GL management and financial controls
• Financial Reporting: Custom financial statements and analytics
• Gas Plant Accounting: Specialized midstream accounting services
• Production Accounting: Detailed production revenue management
• Division Orders: Complete division order processing and management
• First Purchasers: First purchaser statement processing
• Treasury Services: Cash management and banking optimization

Land Administration

Expert team of professionals ready to handle all lease records, division orders and land management needs.

• Lease Records: Comprehensive lease management and administration
• Division Orders: Professional division order preparation and processing
• Owner Relations: Complete owner communication and service management
• Escheatment: Regulatory compliance for unclaimed property
• Title Management: Title research and curative services
• Contract Administration: Lease and contract lifecycle management
• Regulatory Filings: State and federal compliance management

Business Optimization

Seasoned professionals equipped to unlock your business's hidden potential through strategic optimization.

• Mergers & Acquisitions: M&A transaction support and integration
• Due Diligence: Comprehensive financial and operational analysis
• Cost Reduction: Operational efficiency and expense optimization
• Cash Flow Management: Working capital and liquidity optimization
• Financial Consolidation: Multi-entity financial management

Regulatory Compliance & Consulting

Expert staff with 25+ years experience in state, federal and tribal reporting, handling all regulatory compliance needs.

• Regulatory Compliance: State, federal, and tribal reporting
• Acquisition & Divestiture Consulting: Transaction advisory services
• Due Diligence: Comprehensive risk assessment and analysis
• Data & Analytics: Business intelligence and reporting

Why Choose Valor?

Your Software or Ours

Valor can typically work in your accounting software or on its own licenses

Proven Results

$32M+ recovered for clients with measurable outcomes

Scalability

Typically from 1 well to 10,000+ wells

Competitive Value

For small and mid-size operators, typically 30–50% less than equivalent in-house staff

Frequently Asked Questions

What makes Valor different for oil and gas accounting?

Valor reports $32M+ recovered for clients, typically scales from 1 well to 10,000+ wells, and can work on industry-standard oil and gas accounting software, on your license or Valor’s. Its services can include digital mapping and regulatory compliance, under SOC-certified controls, and for small and mid-size operators it can typically cost 30–50% less than equivalent in-house staff.

How long does it take to implement Valor's back office solutions?

Valor typically handles system setup and cuts over at the start of a month. It typically ties converted balances back to the prior system’s trial balance and runs the first close in parallel or under extra review. Timelines depend on the scope and complexity of the transition.

What software platforms does Valor work with for oil and gas accounting?

Valor can work on industry-standard oil and gas accounting software, including OGSYS, Enertia, WolfePak, Quorum, P2 Energy, and BOLO, on your license or Valor’s. Valor’s preferred platform is typically WolfePak, and Valor typically encourages smaller operators to run on Valor’s licenses; software on Valor’s licenses is typically billed through separately.

How does Valor handle joint interest billing and revenue processing?

Valor’s JIB and revenue work can include JIB coded to wells and AFEs with COPAS overhead, partner statements traced to invoices and AFEs, purchaser revenue checked for volumes, prices, and deductions, and owner statements and payments off a current deck. You typically approve disbursements and deck changes.

Does Valor provide regulatory compliance for all states?

Valor can provide regulatory compliance for all 50 states, federal requirements, and tribal lands. Its regulatory staff have 25+ years of experience in state, federal, and tribal reporting, including Texas Railroad Commission filings.

How does Valor ensure data security for oil and gas accounting?

Valor has SOC-certified controls, which are examined by independent auditors.

What is oil and gas operating accounting?

Oil and gas operating accounting encompasses all financial management activities for oil and gas operations, including production accounting, revenue distribution, joint interest billing, regulatory compliance, and financial reporting specific to the energy industry. Operating accounting ensures accurate tracking of costs, revenues, and ownership interests across all wells and properties.

What services are included in oil and gas accounting?

Oil and gas accounting services include accounts payable, accounts receivable, general ledger management, production accounting, revenue accounting, joint interest billing (JIB), division order management, regulatory reporting, severance tax filing, and financial statement preparation. These services ensure compliance with industry-specific requirements and accurate financial management for energy operations.

Valor Client Testimonials:

"When we launched our operating company, my partner and I had industry experience but had never run wells ourselves. We needed a back office immediately, and more importantly, a partner we could trust to guide us through the process. Many of our industry peers recommended Valor, and from the start, they've supported us with everything from vendor setup and regulatory requirements to letters of credit and reporting. Even though we're based in West Texas, Valor has always been just a phone call away and has welcomed us for face-to-face visits when we're in town. Operations come with challenges, but Valor has been a reliable partner every step of the way."

-West Texas Oil & Gas Operator

"Valor has provided a comprehensive and seamless solution for our JIB & Revenue accounting. Cathy and the rest of the Valor team have been responsive, knowledgeable, and have gone above and beyond to proactively address our accounting and bookkeeping needs."

-Lori B.

"Valor has provided superior oil and gas accounting, revenue, joint interest billing and regulatory services. They are one of the best oil and gas back office providers that I have worked with."

-Stephen B.

Oil and Gas Business Solutions

Valor specializes in oil and gas accounting, oil and gas consulting, and back-office outsourcing. Valor can provide accounting outsourcing, land and lease administration, and owner relations, including accounts payable, joint interest billing, financial and production reporting, revenue distribution, regulatory compliance, and division order outsourcing. We are based in Fort Worth, Texas, with an office in Midland, Texas, catering to oil and gas operators and investors with comprehensive back-office solutions.

Outsourced Oil and Gas Accounting Solutions

Valor can serve as the oil and gas back office for operators and energy investors, including bookkeeping, revenue accounting, and general ledger accounting. Valor can process monthly revenue statements and distributions, act as the liaison between the operator and third parties, prepare and process monthly joint interest billings, and prepare and file monthly severance tax reports, state withholding remittances, and Texas Railroad Commission production reports.

Land Management and Workflow Solutions

Members of the Valor team hold highly regarded industry certifications including Certified Public Accountants (CPA) and Certified Professional Landman (CPL). Valor was founded by multi-generational oil and gas professionals who know what it takes to maintain proper well files. Valor can provide full-service lease records outsourcing: setting up and maintaining records, monthly obligation reports, digital mapping, and lease obligation and expiration reporting.

Division Orders and Owner Relations

Valor can provide owner relations outsourcing and division order maintenance and act as your division order department of record. Valor can set up and maintain pay decks and ownership records, validate owner EINs, maintain owner pay status, research owners who can’t be found, resolve revenue and JIB discrepancies, and distribute division orders and title requirements.

Regulatory Compliance and Reporting Excellence

Valor’s regulatory compliance services can cover severance tax reports, state and federal regulatory filings, and Texas Railroad Commission production reports, reducing the administrative burden on operators.

Working in Your Accounting Software

Valor typically works on industry-standard oil and gas accounting software such as OGSYS, Enertia, WolfePak, Quorum, P2 Energy, and BOLO, on your license or Valor’s, and typically handles system setup.

Guides for Small & Growing Operators

Practical, plain-language guides to the back-office questions operators actually search for — written by the team that runs these functions every day:

Joint Interest Billing (JIB) 101 — what a JIB covers, COPAS overhead, billing cycles, and audits.
Revenue Distribution 101 — DOI decks, deductions, payment deadlines, and suspense.
Division Order Setup — from title opinion to pay deck, including allocation wells.
Severance Tax Basics — rates, filing cycles, and the marginal-well exemptions operators miss.
Escheatment & Unclaimed Property — dormancy clocks, due diligence, and audit risk.
1099 Reporting — royalty and working-interest forms, W-9s, B-notices, and deadlines.
Outsourcing the Back Office — in-house vs outsourced, honestly compared.
Owner Relations Best Practices — inquiries, transfers, death files, and suspense letters.
Your First Operated Well — the accounting setup checklist, from entity to first distribution.
JOA & COPAS Basics — Exhibit C, overhead rates, cash calls, non-consent, and audits.

Questions about payments or statements that you've received? Contact Owner Relations for help.

Questions about the services we provide, contact us today!

Oil & Gas Accounting

Joint Interest Billing & Revenue

Owner Relations & Division Orders

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Oil and Gas Operator Accounting Regulatory Compliance & Owner Relations

Your operations, supported by expert people and connected technology.

See How Valor Supports Operators

$1.89 million in severance tax value uncovered.

Operating Accounting Services for Oil & Gas

What's Included in Valor's Operating Outsourcing Services

Oil and Gas Back Office Solutions

Valor can provide oil and gas accounting and back office services to oil and gas operators and investors:

Complete Energy Industry Accounting & Land Administration Services

Oil & Gas Accounting

Land Administration

Business Optimization

Regulatory Compliance & Consulting

Why Choose Valor?

Your Software or Ours

Proven Results

Scalability

Competitive Value

Frequently Asked Questions

Valor Client Testimonials:

-West Texas Oil & Gas Operator

"Valor has provided a comprehensive and seamless solution for our JIB & Revenue accounting. Cathy and the rest of the Valor team have been responsive, knowledgeable, and have gone above and beyond to proactively address our accounting and bookkeeping needs."

-Lori B.

"Valor has provided superior oil and gas accounting, revenue, joint interest billing and regulatory services. They are one of the best oil and gas back office providers that I have worked with."

-Stephen B.

Oil and Gas Business Solutions

Outsourced Oil and Gas Accounting Solutions

Land Management and Workflow Solutions

Division Orders and Owner Relations

Regulatory Compliance and Reporting Excellence

Working in Your Accounting Software

Guides for Small & Growing Operators

Oil and Gas Operator Accounting
Regulatory Compliance & Owner Relations