BACK OFFICE ADMINISTRATION FOR OIL & GAS PURCHASERS

Well Services

Well Services For Oil And Gas Companies

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

Back office support for well services can be time-consuming and complex, tedious and multi-faceted, ever-changing and fraught with risk! That’s why outsourcing these tasks to ExTex could be one of the best decisions you will ever make!

At ExTex, we offer a full range of well services for oil and gas purchasers and oil and gas operators.

Netting Of Crude Oil And Gas Tickets
Netting of crude oil tickets is a process that we use to streamline settlement, by offsetting multiple transactions between parties (such as producers, purchasers, and transporters). Instead of settling each crude oil delivery ticket individually, our netting process aggregates all run tickets for a given period, matches it with debits and credits between counterparties, and calculates a single net amount owed.

Importing Of Electronic Crude Oil And Gas Ticket Files And Code
We can automate the process of bringing in crude oil and gas tickets into your accounting system, using standardized file formats and code structures to identify volumes, pricing, and other data. Each run ticket includes: ticket number, well/lease ID, date of sale, produce type, volumes sold or moved, pricing, purchaser name, and pricing terms.

Maintain Tank Strap Database
We manage and update your tank strap database, making sure that volumes are measured correctly, so that production totals, sales volumes, royalty payments, and regulatory reporting are accurate.

Update And Maintain Monthly Price Bulletins And Deductions
We can manage your pricing data and deductions to calculate revenues from production and royalty payments.

Update And Maintain Monthly Allocations
We manage your fixed or monthly allocations to ensure accurate disbursement of oil proceeds to the correct leases and owners.

Provide Customer Support Between Oil And Gas Purchasers And Operators
We can help answer questions, resolve issues, and facilitate smooth communication between you and your purchaser or operator.

ExTex – Your Back Office Partner
Since 1998, we have been serving as back office partners for oil and gas purchasers, operators, and owners. At ExTex, we have a friendly team of experienced professionals who understand the oil and gas industry inside and out. We use our experience and expertise, as well as cutting-edge oil and gas software, to produce accurate, efficient, and cost-effective results! And to top it off, we are SOC compliant. And our proprietary onboarding process for new clients ensures a smooth, seamless, transition.

For more information about our well services for oil and gas companies, or to schedule a free consultation, please 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 well services, we also offer a full range of back office administrative services for oil and gas companies, including: division order services, title services, revenue accounting services, and tax accounting services.