About Trinity petroleum consultants
Trinity Petroleum Consultants: Your Trusted Partner in Oil and Gas Accounting Services
Trinity Petroleum Consultants is a leading provider of oil and gas accounting services, offering a wide range of solutions to meet the needs of clients in the energy industry. With years of experience and expertise, Trinity has established itself as a trusted partner for companies seeking reliable, accurate, and efficient accounting services.
At Trinity, we understand that the oil and gas industry is complex and constantly evolving. That's why we offer comprehensive accounting solutions that are tailored to meet the unique needs of each client. Our team of experienced professionals has extensive knowledge in revenue accounting, production accounting, upstream accounting, litigation support, expert witness testimony, SQL reporting, ONRR audit support.
Revenue Accounting
Our revenue accounting services cover all aspects related to oil and gas sales transactions. We provide detailed analysis on production volumes sold by well or lease basis; calculation of royalty payments; preparation of monthly revenue statements; reconciliation with purchaser statements; identification and resolution of discrepancies between purchaser statements versus internal records.
Production Accounting
Our production accounting services include tracking all aspects related to oil & gas production volumes from wells or leases including allocation methods used for shared facilities (gas plants), measurement data validation & verification (meter readings), inventory management (oil tanks), pipeline transportation fees calculations etc.
Upstream Accounting
Our upstream accounting services cover all aspects related to exploration & development activities such as drilling costs tracking by well or lease basis; capitalization rules application for intangible drilling costs (IDC); depletion calculations based on proved reserves estimates etc.
Litigation Support
We provide litigation support services including expert witness testimony on various issues such as royalty disputes between working interest owners vs non-operating interest owners or landowners vs operators etc.; damages assessment due to breach-of-contract claims against operators by working interest owners or landowners etc.; valuation opinions regarding mineral rights ownership interests based on market comparables analysis etc.
Expert Witness Testimony
Our expert witness testimony services include providing opinions on various issues such as royalty disputes between working interest owners vs non-operating interest owners or landowners vs operators etc.; damages assessment due to breach-of-contract claims against operators by working interest owners or landowners etc.; valuation opinions regarding mineral rights ownership interests based on market comparables analysis etc.
SQL Reporting
We provide SQL reporting services for clients who require customized reports that are not available in their accounting software. Our team of experts can create custom reports that meet the specific needs of each client, including detailed financial statements, production volumes by well or lease basis, revenue statements by purchaser and more.
ONRR Audit Support
Our ONRR audit support services cover all aspects related to audits conducted by the Office of Natural Resources Revenue (ONRR). We provide assistance with data gathering and preparation of responses to ONRR inquiries; review and analysis of ONRR audit findings; negotiation with ONRR auditors regarding disputed issues; representation during administrative appeals process if necessary.
In conclusion, Trinity Petroleum Consultants is a reliable partner for companies seeking oil and gas accounting solutions. Our team has extensive experience in the industry and is committed to providing accurate, efficient, and cost-effective services. Contact us today to learn more about how we can help your business succeed in the energy industry.