Back Office Outsourcing
With deep expertise in the oil and gas upstream and midstream industry, EAG’s team of Land, Accounting, and Production professionals seamlessly manages your back-office needs so you can focus on innovation and growth. From revenue processing and joint interest billing to production and regulatory reporting, we handle it all. Whether you need full back-office outsourcing, support for a specific project, backfill for a major project, or to scale with increased activities or acquisitions, EAG delivers flexible, expert-driven, and cost effective solutions tailored to your business needs.
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Frequently Asked Questions
What is back-office outsourcing for oil and gas companies?
Back-office outsourcing for energy companies involves delegating essential petroleum accounting and administrative functions to specialized third-party providers like EAG. This includes production accounting, revenue processing, joint interest billing (JIB), and accounts payable for oil and gas operations. Energy companies benefit by reducing overhead costs, improving accuracy in petroleum accounting, and freeing internal teams to focus on drilling, production, and strategic growth initiatives.
Which back-office functions does EAG outsource for energy companies?
EAG specializes in outsourcing critical oil and gas back-office services:
- Production accounting for upstream operations
- Revenue accounting for oil and gas sales
- Joint Interest Billing (JIB) for well partnerships
- Accounts payable for energy suppliers and vendors
- General ledger management for petroleum companies
- Financial reporting for oil and gas operations
- Land administration and division order management
- Royalty accounting for mineral rights owners
Energy commodity accounting for oil and gas sales
How does EAG ensure data security for oil and gas information?
Data protection is critical for energy companies handling sensitive petroleum data, well information, and financial records. EAG follows rigorous security protocols including encrypted data transfers, role-based access controls for oil and gas systems, and compliance with energy industry best practices. We understand the confidential nature of upstream operations, drilling data, and production information.
Will oil and gas companies lose control of their operational data?
No, energy companies retain full ownership and visibility of all petroleum data, production records, and financial information. EAG acts as an extension of your energy team, providing complete transparency through real-time reporting, customized dashboards for oil and gas metrics, and regular communication about upstream and midstream operations.
What oil and gas software platforms does EAG support for outsourcing?
EAG has extensive experience with major petroleum accounting and ERP systems:
- W Energy Software for upstream operations
- Quorum energy management platform
- BOLO oil and gas accounting
- OGSYS petroleum operations software
- P2 production and accounting systems
- Enertia land and production management
- Custom oil and gas reporting solutions
We also provide guidance on optimizing or migrating between energy software platforms.
How does the transition to EAG's outsourcing services work for energy companies?
Our proven onboarding process for oil and gas companies includes:
- Initial discovery of petroleum operations and workflows
- Knowledge transfer from energy company personnel
- System setup for oil and gas software platforms
- Parallel processing of petroleum accounting functions
- Go-live support with dedicated energy industry experts
- Ongoing monitoring of upstream and midstream operations
We ensure seamless transitions with minimal disruption to daily petroleum operations.
Can oil and gas companies scale outsourcing services based on business needs?
Absolutely. EAG offers flexible service models for energy companies to accommodate changing business requirements due to oil and gas asset acquisitions, divestitures, drilling programs, or company restructuring. Our services scale with upstream expansion, midstream growth, or operational changes in the petroleum industry.
Do energy companies need to outsource all back-office functions to EAG?
No, oil and gas companies can choose modular outsourcing services. Whether you need support for a single function like accounts payable or comprehensive petroleum accounting lifecycle management, our energy industry expertise is customizable to your upstream or midstream operations.