Joint Interest Billing

Opportune’s outsourcing practice for upstream companies prepares and processes thousands of joint interest billings every month. In addition to preparing and processing joint interest billings, we also work to:

  • Maintain monthly allocation charges
  • Generate cash calls and prepayments
  • Make initial contact to collect delinquent joint interest receivables
  • Set up and maintain division of interest billing files
  • Provide detailed expense and capital analyses
  • Reconcile related general ledger accounts and provide corrective action
  • Respond to working interests related to joint billing invoices
  • Record material transfers
  • Maintain authorizations for expenditures (AFEs) and report variances
  • Interface with other software solutions for electronic processing