Blakely & Weeks-Thome, PLLC
Certified Public Accountants
Entering and coding of vendor invoices for wells, as well as corporate overhead
Maintaining division of interests based on information provided by client.
Generate monthly joint interest billing statements for all working interest owners.
Issue authorization expenditures (AFE's) based on data provided by client, as well as "cash call" billings.
Issue revenue distribution checks to working interest owners and royalty interest owners.
Maintain payout schedules
Reconciling bank accounts.
Writing, recording, and mailing of checks.
Recording deposits received based on copies provided by client.
Preparation of monthly, quarterly, and/or annual compiled financial statements in accordance with U.S. GAAP or tax basis, based on the client's needs.
Detailed monthly lease operating statements.
Bank loan covenant compliance reporting
Other analysis, as requested.
Preparation of annual federal and state income and franchise tax returns.
State severance tax returns.
Issue 1099s for vendors, working interest owners and royalty interest owner, delay rentals, and lease bonuses.
While Blakely & Weeks-Thome, PLLC does not perform GAAP or joint interest billing audits, we do provide support to clients in these situations.