Financial & Operational Reporting

Financial Reporting

  • Prepare and maintain general ledger with accruals, if applicable, to include general account reconciliations and maintain property ledger
  • Prepare financial statements and other schedules as defined by the client
  • Calculate and maintain book (not tax) depreciation, depletion and amortization (DD&A) and asset retirement obligation (ARO)
  • Maintain property information reports and prepare related Lease Operating Statements ("LOSs") by both accounting and production months
  • Prepare payout statements on a monthly basis
  • Prepare and maintain budget-to-actual and AFE-to-actual reports
  • Provide full audit support
  • Support board level presentations
  • Operational Reporting

Opportune can tailor and automate reporting to support any sort of required operational reporting. Examples include:

  • AFE-to-actual
  • Production by well, field, defined area
  • LOS by well, field, defined area
  • Cost tracking – water, chemicals, labor