BACK OFFICE ADMINISTRATION FOR OIL & GAS PURCHASERS

Oil And Gas Startup Companies

 

Getting Off To A Good Start

To schedule a free consultation, please call (303) 463-8799 or fill out our contact form.

If you are an oil and gas startup businesses (oil and gas purchaser or oil and gas operator), we will help you get off to a good start by implementing best practices, cost-savings, and efficiencies from the beginning.

Startup Oil And Gas Purchasers / Buyers
As a startup oil and gas purchaser, you can focus on your relationships with operators, pipelines, and refineries, while we take care of your division order services, from start to finish! We will make sure that your volumes, pricing, and ownership match up, that you are paying the right amounts to the right people, and that you are in compliance with regulatory requirements. We will also manage your owner relations!

Startup Oil And Gas Operators / Producers
As a startup oil and gas operator, you can focus on your production, wells, and investors, while we manage your division order. We will build and maintain a full accounting and payment system that ensures that you are being paid correctly and that accurate, timely payments are being made to all of your mineral owners, royalty owners, and working interest partners.

Benefits Of Outsourcing Division Management To ExTex
The main benefits of outsourcing your division management to ExTex include:

  • cost-savings (it is expensive to set up an in-house division order department)
  • accuracy (for revenue distribution, owner payments, and all aspects of division order)
  • peace of mind (less to worry about and an umbrella of financial and legal protection)
  • time savings (particularly from having us manage your owner relations)
  • audit support and error correction (to identify overpayments, underpayments, and other errors)
  • regulatory compliance (for state-specific rules, escheatment, 1099 reporting, and more)
  • data integration into one system (ensures consistent, auditable numbers)
  • scalability (can easily scale from a few wells to hundreds of properties)

Full-Service Division Order Management
We offer a complete range of division order services and back office admin support, including:

  • well services
  • division orders
  • title services
  • revenue accounting
  • tax accounting

Easy Onboarding Process
Outsourcing your division order management might seem a bit daunting, but with the right support, the onboarding process can go smoothly. We use state-of-the-art software and proprietary processes to ensure that data is transferred securely and accurately, and we  validate the data. Based on your preferences, we can implement our various services all at once, or in phases.

About ExTex
Since 1998, we have been providing oil and gas division order services and back office admin support to oil and gas companies of all sizes, including startups. We are SOC compliant, and we customize our services to every client’s exact needs.

For more information about our services, or to schedule a free consultation, call (303) 463-8799 or fill out our contact form.

ExTex Division Order Services, LLC is located in the Denver metro area (in Golden, Colorado), and we provide back office outsourcing services for oil and gas companies across the U.S. and Canada. In addition to division order management for oil and gas operators, we also provide services for oil and gas purchasers and oil and gas startup companies.

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“The outcome of switching to ExTex was better customer service and lower costs for the company.”

Bill C, VP of Marketing, Oklahoma

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