2026 Oil & Gas State Reporting Conference Recap
The 2026 Oil & Gas State Reporting (OGSR) Conference is officially in the books, and what an impactful few days it was in Oklahoma City. From February 8–10 at the exceptional OKANA Resort & Indoor Waterpark, Martindale Consultants welcomed 150 attendees, vendors, and sponsors from across the country. Production and revenue accounting professionals, state agency representatives, regulatory leaders, and […]
How to Ensure Accurate Oil and Gas Royalty and Revenue Payments
Accurate royalty and revenue payments are foundational to trust and financial stability in the oil and gas industry. When payments are incorrect or delayed, the consequences can be significant, including strained owner relationships, audit exposure, regulatory risk, and financial loss. Given the complexity of ownership structures, contracts, and reporting requirements, errors are more common than many […]
Why Martindale Should Be Your Oil and Gas Accounting Firm
The oil and gas industry presents unique financial and operational challenges. With revenue streams that vary by contract terms, complex ownership structures, and constantly changing regulatory demands, energy companies face a level of accounting complexity few other sectors experience. Choosing the right accounting firm is essential for operators, non-operators, mineral owners, and investors. The right partner […]
Top Reasons Oil and Gas Operators Get Audited, and How to Be Ready
Oil and gas audits can mean many things within the oil and gas industry. Martindale’s audit group specializes in revenue audits, royalty audits, joint interest or joint venture audits. Audits are typically prompted by a question or anomalies identified in revenues, expenditures, or reporting that needs clarity. While an operator may answer high-level questions during the normal business process, an […]
A New Era: 100% Employee Owned Through An ESOP
Martindale Consultants, a leader in oil and gas consulting industry, has officially become a 100% employee-owned company, marking a transformative moment in its storied history. On December 19, 2025, Martindale finalized the transition to an Employee Stock Ownership Plan (ESOP), empowering every team member with a direct stake in the company’s future. An ESOP is a qualified retirement plan […]
Top Federal Reporting Challenges in Oil and Gas—and How to Overcome Them
For oil and gas companies, achieving compliance with federal reporting requirements can feel like an uphill climb. Between evolving regulations, data complexities, and the growing demand for transparency, even the most seasoned accounting teams face challenges with accurate and on time filings. Understanding where those challenges stem from, and how to tackle them, can make […]
Industry News: 4th Quarter 2025
Amplify Energy divested its Haynesville assets for $127.5 million in Harrison County, TX. The assets included 180,000 acres with a 56% working interest and net production of 6,400 BOED. Expand Energy established a 75,000 acre position in the western Haynesville through $178 million in land acquisitions and capital carry that include 200 drilling locations in Houston, Anderson, Freestone, and Leon counties, TX. Jade Owls acquired Midcontinent assets for $130 million. The company declined to identify the seller or provide acreage and production details. […]
One Big Beautiful Bill
What the One Big Beautiful Bill Could Mean for Oil & Gas Operators The recently passed One Big Beautiful Bill (OBBB) is poised to reshape the U.S. energy landscape in significant ways — particularly for companies operating in oil and gas. While many of the bill’s provisions are designed to encourage growth in domestic production, they also […]
Industry News: 3rd Quarter 2025
TotalEnergies acquired a 25% interest in Block 53 offshore Suriname from Spain’s Moeve. Block 53 is operated by APA, which holds a 45% interest, and Petronas, which holds a 30% interest. The block is east of Block 58, which holds the Baja-1 discovery and is where TotalEnergies holds 40% interest as operator. DNOW acquired MRC […]
Vendor Contract Compliance Audits in the Oil and Gas Industry
What is a vendor contract compliance audit in the oil and gas industry? The oil and gas industry is unique in that a significant portion of operations are performed by third-party vendors—often far from company headquarters and direct management. This creates both operational and financial risks to a company’s performance. Implementing a vendor audit program, […]
Martindale Recognized by Energy Business Review
We’re proud to be featured in Energy Business Review for our long-standing commitment to excellence in the oil and gas industry. This feature highlights the unique strengths that have positioned Martindale Consultants as a trusted advisor to energy companies across the country. From our founding in 1982 to our current role as a leading provider […]
COPAS Announces 6.3% Overhead Adjustment Factor Effective April 1, 2025
The Council of Petroleum Accountants Societies has released its annual economic factors for 2025, including a 6.3% overhead adjustment factor, effective April 1, 2025. What are COPAS Economic Factors and why are they important? The Council of Petroleum Accountants Societies (COPAS) model form accounting procedures reference multiple adjustments or “factors” that are published annually. The […]
Wyoming Gross Products Tax Extension Deadline
The State of Wyoming requires all oil and gas producers to annually file Gross Products (Ad Valorem) tax, which is an Ad valorem property tax based on a taxable value of the previous year’s production. The Gross Products tax is primarily used to fund local school districts (K-12 education) and the remaining money goes to […]
Industry News: First Quarter 2025
Canadian Natural Resources will own 100% of the Athabasca Oil Sands Project after acquiring Shell’s 10% interest in exchange for a 10% interest in the Scotford Upgrader and Quest Carbon Capture and Storage facilities. Canadian Natural adds 31,000 BBLD of production and retains an 80% working interest in the CCS projects. Elk Range Royalties acquired […]
30 Years with Martindale
30 years. Every time I think about my tenure with Martindale Consultants and my time in the oil and gas industry, it still amazes me how much both have changed over the years. When Pat Martindale hired me in February 1995, I knew very little about the oil and gas industry, even though my father […]
Industry News: Fourth Quarter 2024
Diamondback Energy and Kinetik Holdings increased their ownership stakes in the Permian Basin to the Gulf Coast 800-mile EPIC Crude pipeline. Each partner owns 27.5% of the 600,000-BBLD system. United Arab Emirates clean energy giant Masdar acquired Saeta Yield for $1.4 billion. The deal includes 538 MW of wind assets in Spain, 144 MW of […]