Energy Accounting & Consulting
Whitley Penn’s Energy Accounting & Consulting team is dedicated to serving the oil and gas segment of the broader energy industry. Our professionals bring a wealth of specialized experience, enabling us to provide tailored guidance and hands-on execution for our clients. We offer a comprehensive suite of services, including Accounting & Consulting, Land & Asset Administration, and Mineral Management solutions.
Our team delivers valuable solutions to both private and public organizations operating within the energy sector. We have a proven track record of supporting companies throughout their business lifecycle—from initial formation, through stages of development and acquisition, and ultimately, guiding them through a successful divestiture process.
Our Solutions
Our team is staffed by skilled and experienced professionals who are chosen for both their financial skills and client relationship development abilities. We serve as an extension of your team to administer accounting solutions such as, but not limited to:
- General ledger accounting for oil and gas upstream and midstream companies
- Accounts payable processing and treasury management
- Revenue and Joint Interest Billing (JIB) preparation and distribution
- Regulatory reporting including severance tax, government royalties, and state withholdings
- Financial reporting
- Audit and tax preparation and management
- Purchase price accounting consultation
- Acquisition onboarding
- Divestiture accounting
- Technical oil and gas generally accepted accounting principles (GAAP)
- Accounting software integration
