Oil and Gas

Oil and Gas

Outsourced Accounting Solutions- WP Edge

WP Edge can also be your back office for energy investors or operators. We use the latest accounting software tools, but we believe that the human touch is most important in providing such services as:

  • Bookkeeping and general ledger accounting for oil and gas investors and operators using OGSYS® and WolfePak®
  • Monthly revenue distribution including processing of monthly revenue statements.
  • Preparation of revenue and joint interest billing (JIB) processing.
  • Preparation and filing of monthly severance tax reports, state withholding remittance and Federal MMS reporting.
  • Required monthly, quarterly, and/or yearly financial reporting and board packages.

Consulting Services

Using our extensive industry knowledge and top tier talent we are uniquely positioned to add value to your Company. Our Oil and Gas Consultants work with our clients to provide comprehensive solutions to their complex operational and accounting challenges.

We focus on the guidance you need for:

  • Complex financial reporting (SEC annual and quarterly filings, Oil and Gas SMOG disclosures, Carve out financial statements, etc.)
  • Technical advisory (Stock compensation, derivative accounting, consolidations, identifications of VIEs, etc.)
  • New accounting guidance implementation.
  • System implementations and conversions.