RRC compliance
You see every state deadline before it is due.
We track your Texas Railroad Commission deadlines, and file them if you want.
See RRC compliance
Accounting and compliance, handled.
You run your wells. We handle your Texas Railroad Commission filings and your oil and gas accounting, with one report each month.
20 clients and hundreds of wells operated
RedBirdTexts to Sample Operator LLC, a sample
Form PR due Mon, Nov 30. Reply with your October production numbers or a photo by Mon, Nov 16.
Here is a photo of the October gauge sheet.
Got it, received.
Filed. The proof is in your folder.
What we do
Two jobs. One team.
Each job below shows a sample of what lands on your desk.
Wells and owner setup
Your wells and owners, set up right.
We set up your wells, leases, buyers, and owners, so each well has its own books and ownership records.
See wells and owner setupWell setup checklist: Sample Lease F #1
- RRC lease number entered
- API number entered
- Purchaser account linked
- Ownership records set up
Division orders
Know who owns what, and keep it current.
Every owner and share kept current, with division orders and ownership decks made from your records.
See division ordersSample
Suspense list, Sample Operator LLC
| Owner | Why it is on hold | What releases it |
|---|---|---|
| Sample Owner A | Missing address | A new address from the owner |
| Sample Owner B | Unsigned division order | The signed division order |
Invoice coding and JIB billing
Bills coded right. Partners billed on time.
Vendor bills coded to the right well, and the monthly JIB that splits well costs among your partners.
See invoice coding and JIB billingOctober JIB draft, ready for your OK
Vendor bills for October are coded by well, with each partner's share by working interest.
Nothing goes out until you OK it.
Reply OK and we send it to your partners.
Revenue distribution
Turn buyer statements into owner payments.
Your buyer statements entered, sales split by ownership, and each owner's payment worked out.
See revenue distributionOctober JIB draft, ready for your OK
Nothing goes out until you OK it.
October close summary
Bank accounts matched, entries booked, and financials reviewed.
Division order update: Sample Owner A
New address on file. The payment goes out in the next owner payment run.
Owner netting
Owner netting, done the right way.
JIB netted only against eligible working interest owners. Royalty owners are paid in full. You approve every payment.
See owner nettingSample
Sample netting statement: Sample Owner A, WI owner
| Line | How it is figured |
|---|---|
| Revenue share | 20 percent of sales (NRI) |
| Minus cost share | 25 percent of well costs (WI) |
| Minus past JIB balance | What is still owed |
| Net payment | Paid after your OK |
1099 prep and severance tax
Your 1099s, prepped and ready on time.
1099-NEC and 1099-MISC prep for owners and vendors, with files ready to e-file and tax IDs kept encrypted and masked. Severance tax reporting is available and billed separately. Ask us about pricing.
See 1099 prep and severance taxMissing tax IDs, before 1099 season
2 owners have no tax ID on file.
Ask them for a W-9 now, so your 1099s are ready on time.
Month end close and WolfePak conversion
Your books, closed every month.
Bank accounts matched, entries booked, and financials reviewed, in WolfePak or alongside QuickBooks.
See month end closeMonthly Compliance and Close Report
Sample Operator LLC, October
- Form PR filedEvery lease
- JIB billedAfter your OK
- Revenue distributedOwners paid
- LOE coded and paidBy well
- Bank accounts matchedMonth closed
Bills coded, by week
Checked by a person
How it works
One sample month, start to finish.
A person checks every one.
NOV30
Form PR due
Sample Operator LLC, every lease
Reminder 14 days before
Start of the month
A calendar
Every RRC due date, in Google Calendar or Outlook.
Early in the month
Texts
Only when we need something, something is wrong, or a deadline is close.
Before each deadline
Emails
A reminder 14 days and 7 days before each state deadline.
End of the month
A monthly report
Your state record, plus a Your books page when we do your books.
Results
What changes when we take over.
Sample stories, labeled as samples. Sample Operator LLC is made up to show our work.
Sample storyFIX, then RUN
Sample Operator LLC had open items on its state record.
We listed everything open on the record, put it in the right order, and cleared it one by one, with proof. Then the operator moved to RUN, so each Form PR is filed on time.
Read the sample storySample storyAccounting
Sample Operator LLC kept its books in QuickBooks.
We converted the books to WolfePak, added the wells and owners, and now close each month. The operator approves every payment and gets one report each month.
Read the sample storyQuestions.
Who is RedBird for?
Oil and gas operators in Texas. We also do accounting in New Mexico, Oklahoma, Montana, and North Dakota.
How does pricing work?
Plans and accounting are billed as a retainer or by the job, and we quote after a free look at your records. See plans.
How do I send you what you need?
Reply to our text. From the field, snap a photo of the field report or gauge chart. From the office, reply with a PDF or spreadsheet. We match it to your well, check it, and text back: Got it, received.
Do I approve each filing?
Only if you want to. By default we file for you, like any consultant would. If you would rather review each one first, tell us and we send it to you before we file.
Get started
Get your back office off your desk.
Tell us what you need. We look up the public record the state keeps on your operator number. Then we reply to set up a call.
20 clients and hundreds of wells operated