Fueling Financial Precision for the Oil and Gas Industry with Expert Accounting Solutions
The oil and gas industry operates in one of the most volatile financial environments, where fluctuating prices, complex ventures, and evolving compliance rules demand accuracy at every turn. That’s where ProcStat steps in.
We specialize in outsourced accounting solutions designed for upstream, midstream, and downstream operations. From Joint Interest Billing (JIB) and Authorizations for Expenditure (AFE) to revenue tracking, production reporting, and compliance management, our experts handle it all with precision.
With ProcStat, you gain real-time financial visibility, cleaner books, and audit-ready reports without the overhead of managing an internal team. Our U.S. GAAP-trained accountants help oil and gas operators, investors, and family offices cut costs, stay compliant, and focus on what matters most: driving exploration, maximizing production, and fueling sustainable growth. ProcStat delivers clarity in complexity, so your numbers work as efficiently as your wells.
Streamlining financial operations, ensuring compliance, and driving profitability with expert accounting services.
Manage joint venture operations with precision by accurately tracking costs, revenues, and partner shares. Ensure transparency, fair allocation, and full compliance with joint operating agreements for smooth, dispute-free collaboration.
Monitor exploration and production costs at every stage, from initial surveys and well construction to ongoing operations. Maintain visibility, control spending, and ensure each project remains efficient, profitable, and compliant.
Stay compliant with ever-changing oil and gas regulations by ensuring accurate financial reporting and timely filings. Reduce the risk of penalties, maintain audit readiness, and meet all local, state, and federal compliance requirements with confidence.
Record revenue accurately based on production delivery using accrual accounting principles. Manage royalties with precision by calculating and distributing revenue shares to mineral rights owners as defined in lease agreements, ensuring accuracy and full compliance.
Ensures compliance and minimizes errors with expert guidance.
Cut overhead costs for better resource allocation.
Enhances reporting accuracy for informed decision-making.
Streamlines workflows to boost operational efficiency.
Provides scalable solutions to meet project demands.
Allows focus on core competencies for growth.
Outsourcing offshore can provide significant cost savings, access to specialized expertise, improved efficiency, and scalability. It allows your in-house team to focus on core business operations while leveraging the capabilities of experienced accounting professionals in lower-cost regions.
325+
Seasoned Professionals
14+
Diverse Industry Coverage
3
Locations
8
Years of Growing Success
Join us in celebrating the diverse experiences of those who have chosen our outsourced services - where satisfaction finds its voice.
Our CPA firm has had an excellent experience working with Procstat. They are thorough, professional, and always well-prepared. The meetings are informative, and the team truly listens to our needs. Their process is seamless and flows effortlessly from start to finish. Highly recommend their bookkeeping services!
Kamilah Gothard
Founder and CEO of the leading CPA firm
Reach out for a tailored strategy that unveils infinite opportunities for growth!
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