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 analysis
- Reconcile related general ledger accounts and provide corrective action
- Respond to working interests related to joint billing invoices
- Record material transfers
- Maintain AFEs and report variances
- Can interface with JIBLINK to transfer and receive JIBs
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