Oil & Gas Outsourcing Services for Operators
A conversation about your wells and what you want off your plate. Valor typically follows up with a proposal for how the work would flow.
- Since 2018Fort Worth & Midland, TX
- SOC-certifiedcontrols
- Inc. 50002021–2025
- BBB A+rating
Operator Services at a Glance
Valor can run the full back office or take on one function at a time, such as JIB or division orders. Each service has its own page with more detail:
| Service | What Valor can do |
|---|---|
| Accounting & bookkeeping | Accounts reconciled on a written close calendar, financial and operational reports, accounts payable, and audit support |
| Joint interest billing & revenue | JIB coded to wells and AFEs with COPAS overhead, partner statements, and owner statements and payments off a current deck |
| Owner relations & division orders | Division orders on NADOA-standard forms, pay decks, owner inquiries typically answered within 48 hours, suspense, and 1099s |
| Land administration | Lease and contract abstracts, an obligation calendar, and decimal calculations from net mineral acres and unit participation |
| Regulatory compliance | Filings with the Texas RRC, Oklahoma OCC, New Mexico OCD, North Dakota DMR, Louisiana, Colorado ECMC, and the BLM, on a compliance calendar |
| Transaction support | A&D due diligence, closing-statement support, operator-of-record transitions, and post-close integration |
Operator clients typically approve disbursements and deck changes and keep every operational and capital decision; Valor typically runs the processing, reconciliations, billing, and reporting. Operating in Texas? See outsourced accounting for Texas operators.
The Full Service List
Depending on the engagement, Valor can handle any of the following:
Accounting & JIB
- Accounts receivable and accounts payable, including invoice processing, payments, and AP reconciliation
- Month-end close and full financial statements (balance sheet and income statement) as needed
- AFE reports: created, maintained, and generated
- Joint interest billing prepared and processed
- Payout statements set up, tracked, and generated
- Ad valorem tax payments processed
Revenue
- Revenue input and processing, with bookings reconciled to cash receipts
- Outstanding balances resolved and billable charges recorded
- Revenue allocated, actuals recorded, and revenue distributed to owners
- Revenue and royalty suspense accounts maintained
- Revenue-based severance taxes calculated, reported, and paid
Division orders & owner relations
- Division orders analyzed, prepared, processed, mailed, and checked against payments
- Returned division orders handled, with missing tax and address information resolved
- Owner questions answered by division order analysts, and communication with non-operators handled
- Pay decks and ownership records maintained, including new pay decks from drilling and division order title opinions
- Owner EINs validated, owner pay status maintained, and owners who can’t be found researched
- Revenue and JIB discrepancies resolved and ownership changes made
Land
- Lease records set up and maintained, with well files kept current
- Monthly obligation reports, delay rental calendars for non-paid-up leases, and lease expiration calendars, with notice of upcoming dates
- Title opinions ordered as needed
- Agreements reviewed, and support with potential acquisitions
- Pre-authorized AFEs reviewed and signed, within the authority you grant
- Digital mapping
Regulatory & tax
- Monthly severance tax reports prepared and filed
- State withholding remittances prepared and filed
- Regulatory reports run, reviewed for errors and variances, and filed electronically
- Unclaimed property and escheatment
- Operational planning support
Additional services
- New assets configured in the system
- Data capture streamlined and records retrieved on request
- 1099 and W-2 processing
Download the full service list (PDF)
Who It’s For
Valor’s operator services typically scale from an operator with a handful of wells to operators with thousands of owners across multiple states. Non-operated working-interest owners and investors can also use Valor for accounting and back-office support on their interests.
Want part of your back office off your plate?
Tell us which functions you want to hand off, how many wells you run, and what system you are on, and we can talk through how Valor would take it on.
Start the conversationHow Engagements Typically Work
- Software: Valor typically works on industry-standard oil and gas accounting software such as OGSYS, Enertia, WolfePak, Quorum, P2 Energy, and BOLO, on your license or Valor’s. Valor typically encourages smaller operators to run on Valor’s licenses; that software is typically billed through separately.
- Pricing: 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.
- Cost: For small and mid-size operators, Valor’s operator services can typically run 30–50% less than equivalent in-house staff.
- Transition: Valor typically handles system setup. It typically cuts over at the start of a month, typically ties converted balances back to your prior trial balance, and typically runs the first close in parallel or under extra review.
- Team: The work is typically done by CPAs, certified professional landmen (CPLs), and Certified Mineral Managers, under SOC-certified controls.
Engagements typically start with a scoping conversation to plan the work. Valor then typically sends a proposal for how the work would run. Running a formal selection? Valor can answer your RFP. Need a service you don’t see listed? Tell us about it; Valor’s goal is to provide custom services to fit your needs. Call (817) 370-0612 or use the form below.
Contact Valor
Fill out the form below and one of our experts typically reaches out to discuss your needs.
Frequently Asked Questions
Valor can provide accounting and bookkeeping, joint interest billing, revenue distribution, owner relations and division orders, land administration, regulatory compliance, and transaction support for oil and gas operators and non-operated working-interest owners.
Yes. Valor can take on a single function, such as JIB or division orders, or run the full back office.
Yes. Non-operated working-interest owners and investors can use Valor for accounting and back-office support on their interests, alongside Valor's work for operators.
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 prices operator services from a standard price sheet: a baseline tiered by number of wells, plus variable charges for other types of work. Software on Valor's licenses is typically billed through separately.
Valor can file with the Texas Railroad Commission, the Oklahoma Corporation Commission, New Mexico's Oil Conservation Division, North Dakota's Department of Mineral Resources, Louisiana, Colorado's Energy & Carbon Management Commission, and the BLM, and can track those filings on a compliance calendar.
Valor's operator services team typically includes CPAs, certified professional landmen (CPLs), and Certified Mineral Managers, working under SOC-certified controls from offices in Fort Worth and Midland, Texas.
Yes. Valor can support A&D due diligence, closing-statement work, operator-of-record transitions, and post-close integration. Valor never buys minerals and does not value assets, structure deals, or make offers.
Key Takeaways
- One provider or one function: Valor can run the full operator back office or take on a single function, such as JIB or division orders.
- Detailed scope: The service list covers accounting, JIB, revenue, division orders, owner relations, land, regulatory and tax filings, and transaction support.
- Who it serves: Valor typically serves operators from a single operated well to operators running thousands of wells, plus non-operated working-interest owners and investors.
- Software: Valor typically works on OGSYS, Enertia, WolfePak, Quorum, P2 Energy, BOLO, and similar systems, on your license or Valor's.
- Pricing: Valor typically prices from a standard price sheet tiered by number of wells, plus variable charges for other work.
- Get started: Contact Valor for an operator services scoping conversation.
