Blog | Oil and Gas Accounting

As Price of Oil Hits 6-Year Low, Here Are 6 Oil and Gas Blogs That Can Help

As Price of Oil Hits 6-Year Low, Here Are 6 Oil and Gas Blogs That Can Help
08/20/2015
Blogs contain industry best practices for teams across the E&P enterprise It was recently reported that, thanks in large part to the devaluation of the Chinese yuan and swelling stockpiles, the price of oil has slipped to a new six-year low. What a difference one year can make...

5-Step Process for Ensuring That Your Purchasers Are Paying You Correctly

5-Step Process for Ensuring That Your Purchasers Are Paying You Correctly
05/07/2015
Why upstream companies should record their revenue transactions from the contract detail and their production volumes How do I know that I'm being paid correctly for what I've produced and sold? In my 30-plus years in upstream oil and gas, I can’t tell you how many times I’ve...

Oil & Gas Invoicing: How to Make It a Time- and Money-Friendly Process

Oil & Gas Invoicing: How to Make It a Time- and Money-Friendly Process
04/24/2015
Electronic workflows and automated processes help upstream teams work at a higher level. If you had to guess, what percentage of businesses’ vendor-invoice activities today is handled via paper? Thirty percent? Thirty-five? Forty? Fifty? Actually, according to the business intelligence research provider Aberdeen Group, that number is 77...

6 Ways to Adapt Quickly to Low Oil & Gas Prices

6 Ways to Adapt Quickly to Low Oil & Gas Prices
03/23/2015
Lowering operating expenses is a quick ticket to free cash flow for upstream firms This is the first in a series of six blog posts that covers the six key ways for upstream oil and gas companies to adapt to today’s low-price environment. This post addresses the topic...