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Oil & Gas

Outsourced Financial Services for Your Oil & Gas Holdings

 

SCHEDULE A CONSULTATION

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Consolidated financial reporting

gives you clarity into your statements and dashboards

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Enterprise-level technology

where your data is secure, backed up, and accessible

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Top-tier consulting

with in-house experts who understand your business

Oil & gas financial administration is complex. Good thing we’re experts.

 

Whether you’re a newcomer to the industry or an experienced operator, managing oil & gas assets can be a full-time job. Successful management requires specialized software, attention to detail, and industry knowledge, all of which are difficult and time-consuming to acquire. Let us put our systems and expertise to work for you and simplify the management process.

At Burgher Haggard, more than a third of our business is from oil and gas individuals, families, and closely-held companies that own significant working and royalty interests in the United States. We know energy — and we can give you the customized, full-service support you need.

 

SCHEDULE A CONSULTATION

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Burgher Haggard provides: 

  • Enterprise-Level Technology

    With Burgher Haggard, clients get access to the enterprise-level software and reporting solutions that come with economies of scale. We leverage the best of breed technology to provide a solution with data backups via snapshots, clustering, and geographic redundancy (multiple Tier 1 providers) to provide the highest possible uptime. Our clients have unlimited access to a secure online portal to view reports, files and accounting backup records. Our systems include: 

    • OGSql
    • DocVue
    • EnergyLink
    • Oildex

  • Financial and Document Administration

    Document Management

    Oil & gas assets can come with a mountain of documents and paperwork; we can help simplify. Our services include, but are not limited to:

    • PO Box & Mail Management
    • Division Order & AFE Approval Routing
    • Well Record Maintenance
    • Document Filing & Storage on our Secure Portal

    Accounting Services

    Oil & gas assets often require industry-specific software and technology solutions to address complex accounting and reporting needs. Leveraging our enterprise-level software and technology partners, we offer the following services:

    • Accounts Payable Management
    • Revenue Accounting
    • Joint Interest Billing (JIB) Statement Preparation for Operated Properties
    • Revenue Statement Preparation and Distribution for Operated Properties
    • Deposit Services
    • Bank Statement Reconciliation
    • Payroll Administration
    • Revenue Receipts Processing
    • Virtual Oil & Gas Fund Administration

  • Financial Reporting

    Oil & gas assets can have complex accounting and reporting needs that require industry-specific software and technology solutions. Our enterprise level software and reporting solutions can provide a range of oil & gas specific reports at varying levels of detail, from the company level all the way down to the well level. While each client’s reports are unique, common reports include, but are not limited to:

     

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    • Standard Financial Statements (Comparative Income
      Statement, Balance Sheet, Rolling 12 Month Reports)
    • Lease Operating Statements
    • Revenue Receipt Reports
    • AFE to Actual Reports

      

     

  • Consulting

    Our in-house experts are equipped to provide consultative services in the following areas: 

    • Objective Board Member or Advisor to Board of Directors
    • Revenue Reviews
    • Sales & Use Tax Reviews
    • Production/Severance Tax Reviews
    • Payouts
    • Contract Compliance Reviews
    • Fractional CFO Partnerships

    We also provide these additional administrative services for your support:

    • Budgeting
    • Forecasting
    • Business Performance Management
    • Enterprise Accounting
    • Vendor Audits
    • Production Data Management and Regulatory Reporting
    • Land Data Management (Leases/Division Orders)
    • Joint Interest Billing Statements Preparation (Operated Properties)
    • Revenue Statements Preparation (Operated Properties)

  • Tax Services

    Burgher Haggard offers a full-service tax practice to meet all your personal and business tax needs. So whether you need tax return preparation, help to minimize taxes, or consultation on how best to structure transactions, Burgher Haggard has you covered. Learn more about our Tax Services. 

 

Meet the Energy Services Leadership Team

Andrew Davis company portrait

Andrew Davis

Managing Director of
Oil & Gas Services

  • Learn More About Andrew

    Andrew started his career at Pricewaterhouse Coopers performing audits of publicly traded software and energy clients. After leaving PwC, he worked in the oil & gas industry in hybrid roles, focusing on systems implementation, automation, and financial reporting processes. Andrew has a MS in accounting from Southern Methodist University.

Fred Closuit company portrait

Fred Closuit

Managing Director of
Mineral Management Services

  • Learn More About Fred

    For the last 20 years, Fred has owned and operated both an Oil & Gas exploration and production company and has assisted various companies as a Petroleum Engineering consultant. As a consultant, Fred has provided support in reservoir, completion and production operations engineering roles and management capacities. Prior to opening his own business, Fred spent 12 years with Tarpon Oil Company as a completion and production engineer and as a Field Engineer for Halliburton Logging Services. Fred has a BS in Engineering from The University of Texas at Austin.

norman

Norman Foreman

CPA – Fractional CFO Oil
& Gas Services

  • Learn More About Norman

    Norman has brought 40 years of progressive leadership experience to BURGHER HAGGARD, primarily from his 30 plus years with two large family offices in Dallas and Fort Worth. Norman has worked extensively with oil and gas exploration and production, transportation, and marketing operations. Working for families in Texas also exposed him to analysis and oversight of private equity, startup ventures, traditional brokerage accounts, agriculture operations, complex estate planning and administration. Norman has a BBA in accounting from The University of Texas at Arlington.

At Burgher Haggard, we aim high to simplify your day-to-day. Leave the industry complexities to us.

2501 Ridgmar Plaza, Fort Worth, TX 76116 | 817-332-5256
Copyright © 2021 Burgher Haggard. All rights reserved