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Trinity Petroleum Management
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Oil and gas accounting outsourcing

“Pay for only what you use.”

Oil and gas accounting outsourcing allows producers to adjust business costs according to changes in production and business activity. Our firm operates on your monthly business cycle, adjusting to match your needs.

Do the math

What does it take to match the services provided by Trinity?

To successfully set up and staff an oil and gas entity's accounting and IT operations in-house, you must:

01Purchase oil and gas accounting software
02Pay the associated software annual maintenance and upgrade fees
03Incur the time and cost to hire, manage and train more staff than it really takes to run core business operations
04Develop reliable, well-documented processes and procedures for every back-office function performed monthly, quarterly, and annually
05Secure all data from the modern threats of the internet
06Increase IT staff to support the technologies required
07Rent the additional office space to support the personnel and equipment
— or outsource to an experienced, flexible firm and gain optimal staffing efficiency from day one.

Portions of an FTE

When oil and gas producers outsource accounting services they access the same skill sets, the same experts, and the same disciplines they would if they hired their own team — in a staffing model that provides “portions of a full-time equivalent” rather than hiring a full-time employee, scaling up or down as needed.

Quality Oil and Gas Accounting

Established relationships with state and federal regulatory agencies matter. Agencies respond favorably to vendors with intimate knowledge of the regulations, and an established reputation for timely, accurate filing data is invaluable. In an audit, readily available data supported by experienced filers means fewer citations and faster remediation.

IT Support Against Cyber Threats

Trinity extends internal controls to complement each client's IT infrastructure — reliable access to company data, state-of-the-art security against cyber threats, and built-in redundancy in the event of physical site disruption, all optimized over decades of service.

Data Conversion Following Acquisition

Growing by acquisition? The quality of the data transition sets the tone for how effectively you process new business from day one. A provider with a history of successful conversions mitigates the risk of “never having time to do it right, but always having time to do it again.”

Industry-wide service

Trinity’s outsourcing business is time tested in supporting small family operators, start-up entities with no assets, and well-capitalized private-equity-backed operators throughout the western U.S. — collectively generating billions of dollars of processed revenue and expenses annually.

Business process outsourcing

A full complement of BPO services for E&P companies.

Beyond the recurring functions of each monthly cycle, Trinity handles the unscheduled and unpredictable — audits, regulatory inquiries and the unique needs of owners in the wells.

Accounts Payable
Accounts Receivable
Division Orders and Decks
Joint Interest Billing
Revenue Distribution
Federal and State royalty and tax reporting
Federal and State production reporting
AFEs with variance analysis
Payout and gas balancing reporting
LOS and Financial reporting
Federal and State audit support
Litigation support, expert reports, analysis and testimony

To get started, there is no software to buy, office space to rent or accounting staff to hire. Your management will be able to minimize transition services agreements, quickly have access to TPM’s systems to approve invoices, and generate and analyze reports tailored to the specifics of your business.

Let’s start a conversation

Keep your focus on production.
Leave the back office to us.