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