As oil and gas companies continue to look to operate on lower margins and lower carbon emissions, they will need exceptional operational practices and technology (Forbes, 2021).
Baker Tilly specialists can configure and customize our reporting system to best fulfill your operational needs or create custom business intelligence solutions. These solutions range from spreadsheet extracts, dashboard or other third party interfaces, to custom database reporting solutions. With our online delivery, you can access and track your land management records remotely allowing for greater operational efficiency.
Financial reporting
We offer custom trial balance, income statements and balance sheet reports, all of which can be created as drill down reports that run at a detailed or summary level. We have the ability to trend financials over time (annual, quarterly and monthly), provide all reports in Excel and consolidate many companies into a single reporting entity.
Operational reporting
We can create multiple traditional lease/well operating statements (LOS or LOR), custom groupings of wells by unlimited groups (field, geography, play, pad, etc.) and reports for LOE, D&C, G&A. And, we can drill down reports online to the original invoice.
Production reporting
Our team helps clients collect oil and gas data from the field. We perform state reporting for Texas, Oklahoma, Kansas and other states and subcontract complex state reporting needs, as required. We file electronically, ensuring all filing and payments are made on time and severance and production taxes correlate to production reporting and revenue distribution.
Baker Tilly specialists can help configure an optimal reporting structure to help you thrive in today’s energy market. Contact our specialists and get started today.
