Revenue Disbursement

Oil and Gas Revenue Disbursement

Petroleum Accounting Consultants does revenue disbursements and joint interest billings for our clients.   We use cloud computing to allow our office to work seamlessly with our clients.  This allows our clients to have access to their accounting records 24/7.  Operators simply have a copy of their revenue check stubs or purchaser statements sent to us and we enter the revenue in the system.   Oil and gas purchasers simply provide us with the volume and value information per well.  We also handle all of the necessary division of interest changes that need to be made as the oil and gas assignments are received by the purchaser.

Our clients can then either log-in and print the revenue checks themselves or we will print and Fedex them for the client’s signature or electronic funds transfer can be used to pay the owners.

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Testimonials

"I found their staff to be very knowledgeable and professional. Because of their knowledge of the rules and requirements, they were able to tell me which wells would qualify for relief. Many wells were eligible that I did not think would be according to my interpretation of the requirements.

I was very pleased with the outcome and the amount of refunds that I received. I look forward to a continuing relationship with Petroleum Accounting Consultants and I highly recommend their services."

Lewis A. Hembree Production Company
Lewis A. Hembree


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Featured Service

Severance Taxes

An cost effective alternative to hiring your own accounting staff to complete your severance tax reporting requirements is to hire Petroleum Accounting Consultants, PLLC.

Our consultants can complete your severance tax returns and save you money on salary expense and payroll tax expense. More importantly our consultants are familiar with the various severance tax incentives offered by oil and gas producing states and can take advantage of them, which will save you money on your severance taxes.

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