Oil and Gas Outsourcing: Frequently Asked Questions

Valor is a team of certified professionals founded by multi-generational oil and gas professionals. Team members have typically worked across the business, including owning and managing operating and mineral companies, negotiating leases, drafting title opinions, and performing accounting. Valor serves operators from offices in Fort Worth and Midland, Texas.

Valor can take on a single function, such as JIB or division orders, or run the full back office. For a one-off project, tell us the scope and Valor can tell you whether and how it would take it on.

Valor typically prices operator services from a standard price sheet: a baseline tiered by number of wells, plus variable charges for other types of work. Fees are typically not based on transaction volume, and software on Valor's licenses is typically billed through separately.

Valor's operator services can typically run 30–50% less than equivalent in-house staff for small and mid-size operators, so outsourcing typically does not cost more. The comparison depends on well count, activity, and which functions you outsource.

Valor can typically provide references from existing clients on request, and some client testimonials are published on the Valor testimonials page.

Valor can provide accounting and bookkeeping, joint interest billing, revenue distribution, owner relations and division orders, land administration, regulatory compliance, and transaction support. See the full operator services list, or download the one-sheet of services.

Valor has SOC-certified controls, which typically include role-based data restrictions for every staff position, two-factor verification, vulnerability testing of its software systems, and continuous monitoring through a managed detection and response (MDR) platform. Valor typically carries general liability, errors and omissions, and cyber insurance.

Valor can handle state, federal, and tribal regulatory reporting, including production volume reporting, state severance tax reporting, ONRR reporting, state royalty reporting, and escheatment. It can file with the Texas RRC, Oklahoma OCC, New Mexico OCD, North Dakota DMR, Louisiana, Colorado ECMC, and the BLM.

Valor typically works on industry-standard oil and gas accounting software such as OGSYS, Enertia, WolfePak, Quorum, P2 Energy, and BOLO, on the operator's own license or on Valor's licenses. Valor typically encourages smaller operators to run on Valor's licenses.

Valor typically handles system setup and cuts over at the start of a month. It typically ties converted balances back to the prior system's trial balance and runs the first close in parallel or under extra review.

Valor aims to act as an extension of your team. Operator clients typically approve disbursements and deck changes and keep every operational and capital decision, and owner phone, email, and mail inquiries are typically answered within 48 hours.

Valor's operator contracts typically name the records returned, and in what form, if you leave.