Contact us for a consultation on your Operations needs


iStock_000000213278SmallTraton can provide efficient, full service accounting management for your wells.  Our services include the maintenance of detailed cost records as an ongoing monthly process, timely production payment distributions to your investors, and issuing reports to you on a monthly or bi-monthly timeline.  If you need an experienced operator to assist in streamlining JIBs, revenue distribution, and AR/AP, or getting back on track with your operations accounting, Traton can provide quality service. Components of our Accounting Management services include the following features: 


Joint Interest Billing
  • Joint Interest Billing (JIB) Processing is used to generate the JIB invoices which accounts for all billable expenses to each Working Interest Owner. This function also handles owner advance billing invoices, billing status of owners or well items and prepayments.
Revenue Distribution
  • Revenue processing is used to record purchaser checks, inquire about the status of an owner’s revenue, print Revenue Summary Statements, and create Revenue Checks to all owners.


Accounts Receivable/Payable
  • AR Processing is used to generate and record miscellaneous invoices, interest and gas invoices, post owner and client payments or adjustments on invoices, and track the status of owner accounts.
  • AP processing is used to record and pay invoices and process 1099 forms at the end of the tax year.