Outsourced Back Office for Oil and Gas Operators
Tell us how many wells you operate and what you want off your plate. Valor typically follows up with a proposal for how the work would run.
- 1 to 10,000+wells
- SOC-certifiedcontrols
- Founded 2018Headquartered in Fort Worth, TX
- Inc. 50002021–2025
What Operators Can Hand Off to Valor
Valor can take on the full operator back office or a single function alongside your own team. The work typically includes:
| Function | What Valor can typically do | Learn more |
|---|---|---|
| Accounting and bookkeeping | Month-end close, financial statements, accounts payable, AFE accounting, and financial, operational, and production accounting; Valor can also support your audit. | Accounting |
| Joint interest billing and revenue | Preparing, coding, and billing JIB; revenue distribution off the current deck; payout statements. | JIB and revenue |
| Owner relations and division orders | Owner inquiries (typically answered within 48 hours), division orders and pay decks, owner pay status, EIN/TIN validation, and locating owners who cannot be found. Valor can serve as the division order department for operators and purchasers. | Owner relations |
| Land and lease administration | Tracking lease obligations and expirations and giving notice, lease payments, digital mapping, and ordering title opinions. | Land administration |
| Regulatory reporting | State, federal, and tribal reporting: production volumes, state severance tax, ONRR, state royalty reporting, and escheatment. | Regulatory compliance |
| Back-office support | Payroll and W-2 processing, vendor management and payment runs, and document management. | All operator services |
| Transaction support | Due diligence and review of title, operating agreements, and gas purchase contracts. | Transaction support |
Valor’s operator-services team includes CPAs, certified professional landmen (CPLs), and Certified Mineral Managers.
Who Does What in a Typical Engagement
Valor typically splits the work with you and your outside advisors this way:
| Task | Valor | You (operator) | Attorney | Outside CPA |
|---|---|---|---|---|
| Joint interest billing | Prepares, codes, and bills JIB | Reviews | — | — |
| Vendor payments | Prepares payment runs | Approves | — | — |
| Revenue and owner payments | Processes payments off the current deck | Approves disbursements | — | — |
| Division orders and pay decks | Builds the DOI and prepares deck changes | Approves deck changes | Issues title opinions | — |
| Title and curative | Orders title opinions and follows up on curative | — | Advises on title | — |
| Lease obligations | Tracks obligations and gives notice | Makes elections | — | — |
| Regulatory filings | Prepares and files | — | Handles contested hearings and pooling, coordinated with Valor | — |
| Severance and production tax reports | Prepares and files | — | — | — |
| Financial statements and audit | Prepares statements and supports the audit | Signs off | — | Audits |
| Income tax returns and tax advice | Typically not provided | — | — | Prepares returns and advises |
| Operational and capital decisions | — | Makes them | — | — |
Which functions would you hand off first?
Tell us how many wells you operate, what system you are on, and where the back office is stretched, and we can talk through how Valor would take it on.
Start the conversationHow Engagements Typically Work
Valor can work on industry-standard oil and gas accounting software, including OGSYS, Enertia, WolfePak, Quorum, P2 Energy, and BOLO, on your license or Valor’s, and typically handles system setup. Pricing typically starts from a baseline tiered by well count, with project work such as cleanup of prior books or transaction support priced separately. Before you switch, read about the risks, controls, and transition steps. Running a formal selection? Valor can answer your RFP.
One-Time and Special Projects
Valor can also take on one-time projects for operators, such as title due diligence, run statement reviews and analysis, and document digitization.
What Operators Say
“Valor has provided superior oil and gas accounting, revenue, joint interest billing and regulatory services. They are one of the best oil and gas back office providers that I have worked with.”
— Stephen B.
“Valor has provided a comprehensive and seamless solution for our JIB & Revenue accounting. Cathy and the rest of the Valor team have been responsive, knowledgeable, and have gone above and beyond to proactively address our accounting and bookkeeping needs.”
— Lori B.
Contact Valor
Fill out the form below and one of our experts typically reaches out to discuss your needs.
Frequently Asked Questions
Valor can run accounting and bookkeeping, joint interest billing, revenue distribution, owner relations and division orders, land and lease administration, regulatory reporting, and back-office support such as payroll and W-2 processing, vendor management, and document management.
Valor can run the full back office or take on a single function, such as JIB or division orders, alongside your in-house team.
Valor typically works with operators from 1 well to 10,000+ wells.
Valor typically runs the processing, reconciliations, billing, and reporting, while you typically approve disbursements and deck changes and keep every operational and capital decision.
Valor can work on industry-standard oil and gas accounting software, including OGSYS, Enertia, WolfePak, Quorum, P2 Energy, and BOLO, on your license or Valor’s, and typically handles system setup.
Valor typically does not prepare income tax returns; income tax returns and tax advice belong to your outside CPA. Valor typically prepares and files severance and production tax reports.
Valor typically prices operator services from a baseline tiered by well count, plus separate pricing for project work such as onboarding, cleanup of prior books, and transaction support.
Valor can take on one-time projects such as title due diligence, run statement reviews and analysis, and document digitization.
Key Takeaways
- Full or à la carte: Valor can run the full operator back office or a single function, such as JIB or division orders.
- Scale: Valor typically works with operators from 1 well to 10,000+ wells.
- Control: You typically approve disbursements and deck changes and keep every operational and capital decision.
- Taxes: Valor typically prepares severance and production tax reports; income tax returns and tax advice belong to your outside CPA.
- Team: CPAs, certified professional landmen, and Certified Mineral Managers, under SOC-certified controls.
- Get started: Contact Valor to discuss operator services.
