EAG Inc.

Contact Us

(832) 485-5800

Back-Office Outsourcing

Our back-office outsourcing team at EAG consists of highly qualified, experienced oil and gas accounting, land, and production professionals who execute ongoing back-office functions for both upstream and midstream oil and gas companies. Our team handles everything from processing revenue and joint interest billing to reporting for production and regulatory for our clients.

Accounting Outsourcing

Our goal is to help clients save time and cut costs. We do so by staffing fractionalized resources and implementing technology to handle key accounting processes; significantly cutting monthly G&A spend – and enabling timely and accurate decision making with robust reporting. Since we invest in the latest technology and implement software for clients, we ensure their processes are streamlined which positions them to easily scale and focus on value creation.

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We Provide Clients With

  • Master Data Setup & Maintenance  
  • Accounts Payable 
  • Accounts Receivable 
  • Vendor Management  
  • AFE Management 
  • Joint Interest Billing  
  • Revenue Distribution  
  • Gas Balancing 
  • Fixed Asset Management  
  • Inventory Management  
  • General Ledger Accounting  
  • Cash Management  
  • Print & Mail Services  
  • Financial Reporting  
  • Payout Reporting  
  • Budget to Actual Reporting 
  • LOS Reporting 
  • LOE Reporting  
  • Monthly Operational Reporting 
  • Quarterly & Annual Reporting 
  • Federal, State, & Regulatory Reporting 
  • 1099 Processing & Reporting  
  • SOC & SOX Management  

Production Accounting & Midstream Accounting Outsourcing

Our Production Accounting subject-matter experts help bring better solutions to oil and gas companies through recommending and implementing the right systems, providing fractionalized resource support that reduce G&A costs, and deploying best practices into critical areas that impact client’s organizations.

We take an investigative look for opportunities to improve operations, reduce costs, and ensure the company remains in compliance. EAG also helps clients with asset acquisitions that either include acquiring the divesting firm’s production system, or implementing a new system, in which cleansing, mapping, and converting data within the Transitional Service Agreement timeframe is handled by the EAG team in a seamless manner.

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We Provide Clients With

  • Master Data Setup and Maintenance  
  • Run Ticket Reconciliation Daily Production Accounting  
  • Monthly Production Accounting  
  • Run Ticket Reconciliation  
  • Nominations & Allocations 
  • Gas Plant Processing  
  • Gas Balancing 
  • Transportation Accounting  
  • Shipper Statements & Invoice Processing 
  • Production & Operational Reporting  
  • Federal, State, & Regulatory Reporting 
  • FERC Reporting 
  • SOC & SOX Management  

Land Administration Outsourcing

Our Land Administration outsourcing team at EAG consists of expert-level Lease Records, Division Order, and Owner Relations professionals that cover all aspects of Land Management. Our goal is to help land departments retire the “legacy mindset” in running their daily operations by merging experienced resources, updated technology and efficient process that unlock greater value and enable their organizations to scale effectively.

The most critical items oil and gas leaders should prioritize is having accurate data, and the right systems to manage that data efficiently. We operate off a core principle of converting data that is sound, accurate, and reliable, and implement best-in-class systems, including reporting, which gives clients key insights into their shut-in wells, obligations, acreage, and more.

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We Provide Clients With

Land Administration 

  • Land Agreement Setup and Management
    (Lease, Contract, Deed, & ROW)
     
  • Obligation and Payment Management  
  • Recommendation and Expiration Calendars 
  • Payment Processing 
  • Print and Mail Services 
  • Acreage Reporting  
  • Expiration Reporting 
  • Lease Data Sheet Reporting 
  • Lease Bonus Reporting 
  • 1099 Reporting 
  • GIS Mapping 

Division Order  

  • Title Opinions, Pooling Agreements, and Joint Operating Agreement Review  
  • Analyze, Calculate, and Maintain Record Title Ownership 
  • Division Order Submissions and Signed Record Maintenance 
  • Maintenance of JIB Decks  
  • Maintenance of Revenue Decks  
  • Legal and Minimum Suspense Management 
  • Division Order Research 
  • SOC & SOX Management  
Owner Relations
  • Billing Questions 
  • Revenue Payment Questions 
  • 1099 Questions 
  • Receipt & Management of Owner Correspondence 
  • Title and Ownership Questions 
  • Lease Validity Questions  
  • Lease Provision Questions 

Case Studies

7 Reasons Back-Office Outsourcing is the Ideal Strategy
How Reporting Architecture Can Improve with Back-Office Outsourcing
What You Didn’t Know About Land Administration in the Oil & Gas Industry
How Oil & Gas Companies Grow with Fractionalized Business Services
How Back-Office Outsourcing Can Take Your Company to the Next Level
EAG Implements Integrated Reporting Solution
What you Should Know About Oil & Gas Accounting
Digital Transformation & Outsourcing Land