If you’re an accountant that already works with clients in the oil and gas field, COPAS courses keep your knowledge up-to-date while providing CPE credits to maintain your license. When taking oil and gas courses with COPAS, you can expect to gain the knowledge that you need to continue providing high-quality services to all of your clients. It will prove that you’re up-to-date with the latest technologies and strategies, thus giving your clients more confidence in your abilities. Responsibilities Review, draft and negotiate a wide range of commercial contracts with respect to oil and gas business operations, including master service agreements, purchase and sale.. Firms like Terra aimed to make quick money by buying up oil and gas production sites, ramping up production and selling them off for a neat profit. But these ventures have struggled as a production glut caused natural gas prices to slump.

We also offer several pre-recorded webinars you may view at your convenience (however, CPE is only available for webinars viewed live). There is an overview of all our UK office locations, including local telephone numbers. It’s important to identify a course of action when planning for the future—whether you’re negotiating challenging market conditions, remedying financial or operational threats, or preparing for a major transaction. Our professionals share your entrepreneurial spirit and want to help you strategically plan for the future. PetroLedger doesn’t just serve your back office needs — we ARE your back office.

Gas Transmission Inspector

Another software solution that offers excellent integration capabilities is P2 Energy Solutions. This software solution offers a range of upstream oil and gas accounting software that integrates with other systems to provide a complete view of the business operations. The software solution is also scalable and customizable, making it an ideal choice for growing businesses in the oil and gas industry. Drakewell provides a comprehensive knowledge base, including user guides, how-to articles, and video tutorials. Additionally, the software offers a dedicated customer support team that’s available during business hours to answer any questions or concerns.

• As the source for oil and gas accounting, the Council of Petroleum Accountants Societies® (COPAS®) is here to keep you informed on the latest changes and processes in oil and gas accounting.
• The company provides online courses, webinars, and on-site training options.
• This feature ensures that only authorized personnel have access to specific data and functions within the software.
• Patten and Company LLC is a leading CPA firm in Dallas, TX providing businesses and individuals, across a wide array of industries and with varying levels of complexity, with customized tax and accounting services.
• Typically, you will have one single depletion calculation on each pool, and you base the asset impairment tests on a ceiling test.
• Our skilled and knowledgeable experts offer classes that are up-to-date, focused, and practical.

This broad perspective gives our clients access to the insights they need in a changing market. COPAS provides expertise for the oil and gas industry through the development of oil and gas accountants Model Form Accounting Procedures, publications, and education. We are a forum for the active exchange of ideas which result in innovative business and accounting solutions.

People & Culture Overview

ADK Emotions was established in January 2019 as part of its parent advertising company ASATSU-DK Inc.’s (“ADK”) transition to a holding company, ADK Holdings Inc. The merger is a cornerstone of ADK Emotions’ strategy to accelerate the global growth of its contents business, employing the industry know-how of d-rights and SUNRIGHTS. With investment companies providing the logistics necessary, individuals can profit from lucrative projects such as oil and gas. Speaking of lucrative projects, oil and gas is one of the most profitable commodity spaces for accredited investors according to Investopedia. With the proceeds going directly into these projects, it causes these direct investments to be less liquid than traditional investments, which you need to consider before investing. In the alternative investment space, as mentioned earlier, investment companies may invest in such operations to provide direct investments for clients without the client putting in the leg work.

Our specialists do not just have basic knowledge of gas and oil accounting. Rather, they have enough education and experience to be experts in the industry. We will come up with a customized plan that allows you to meet your goals and grow your business. We also provide our set classes, or customized education days for our COPAS societies and private companies at affordable rates upon request. We are committed to delivering the highest quality, lifelong, learning experience to accounting professionals in the oil and gas industry. We believe the oil and gas industry is at the beginning of the back-office technological revolution.

Happy Thanksgiving from PetroLedger Financial Services

EAG Inc. operates under the principle that best practices can vary from company to company. It truly depends on what a business determines to be the most important for their operations in any given situation. Any actual difference comes down to an individual company’s overall business processes and how they meet their customers’ needs. Dive deeper into industry hot topics to help your business stay ahead of change and plan for what’s next with our complimentary webcasts, available to view on demand. Our collaborative approach takes the time to understand your unique business needs and contextualize how they could be impacted by the industry as a whole.

• Four other relatively unknown companies — Terra Energy Partners, Flywheel Energy, Blackbeard Operating and Scout Energy — each reported emitting more of the gas than many industry heavyweights.
• We are dedicated to ensuring our clients’ assets are properly allocated from “spud” to end of life.
• It can also help identify areas where cost savings can be achieved, improving profitability.
• One important security feature to look for in oil and gas accounting software is role-based access control.

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