A Q&A with Morris Miller
For more than three decades, Morris Miller has worked in federal and tribal royalty reporting, one of the most specialized areas of oil and gas compliance. As president and founder of Miller Energy Consulting LLC, Morris has built a reputation for helping producers navigate complex Office of Natural Resource Revenue (ONRR) reporting issues, evaluate allowable […]
The Strategic Value of Proactive Risk Advisory
Know your true risk exposure. Define your risk appetite. That’s the foundation every winning business strategy is built on. Understanding an organization’s true risk exposure and clearly articulating its risk appetite are essential to building sound business strategy and operational procedures. Yet many organizations take a reactive approach to risk, addressing issues only after they have already affected operations, financial […]
Meet Jeff Dehart, Vice President of Risk Advisory Services
Martindale Consultants is expanding its advisory capabilities with the addition of Jeff Dehart as Vice President of Risk Advisory. With more than 30 years of experience helping boards of directors, audit committees, and executive leadership teams navigate governance, risk, and fraud prevention. His background adds a broad perspective to a growing area of service at Martindale. His arrival comes […]
Right-Sizing Your Accounting System: What to Consider Before Making a Switch
An accounting system should make it easier to compile financial information, gain insights into day-to-day operations, and prepare the reports necessary to make informed decisions. As companies evolve, the systems that once worked well all too often become the tethers which hold them back. Organic growth, acquisitions, increasing transaction volumes, new reporting requirements, and changes in operations or technology can all affect what an organization needs from its accounting software. In some […]
Identifying Hidden Costs in Vendor Contracts
Vendor contracts are the foundation of many operations in the oil and gas industry. From drilling and completion services to transportation, equipment rentals, fuel supply, and maintenance, operators rely on contractual agreements to establish pricing, define scope and responsibilities, and manage expectations throughout the life of a project. While these agreements are carefully negotiated, hidden costs can still find their way into day-to-day operations. […]
Choosing the Right Fee Structure for Your Severance Tax Review
Every dollar matters in the oil and gas industry, especially when it comes to severance taxes. Depending on the state, taxes can represent a significant operating expense, and even minor calculation errors or overlooked opportunities can have meaningful financial implications over time. As regulations evolve and operations become more complex, many operators are turning to severance tax reviews not only to identify potential refunds, […]
Martindale Helps Launch ICGFM’s Knowledge Circle on Natural Resources
Collaboration has long been one of the most effective ways to solve the complex challenges facing the natural resources industry. As fiscal policies evolve, investment models shift, and governments seek greater transparency and accountability, opportunities to bring together industry expertise have never been more important. That is why Martindale Consultants is proud to serve as a Founding Knowledge […]
The Hidden Risks of Inaccurate Oil and Gas Reporting (and How to Avoid Them)
Oil and gas regulatory reporting is often viewed as a compliance-driven administrative function that simply communicates operational activity to government agencies. In practice, however, regulatory reporting serves as a critical bridge between field operations, accounting records, and regulatory requirements. It does more than document production, revenue, and well activity—it determines how those activities are interpreted by federal and state […]
Revenue Accounting Mistakes That Cost Energy Companies Millions
Revenue accounting in oil and gas is where operational reality meets financial consequence. Every barrel produced, every ownership change, every pricing adjustment eventually flows through revenue systems. When those systems are accurate, they quietly support the business. When they are not, the impact is immediate and compounding. Unlike reporting at a higher level, revenue accounting […]
What is a Vendor Contract Compliance Audit in Oil and Gas?
In the oil and gas industry, contracts play a central role in how projects are executed and how money moves. Operators rely on suppliers for a multitude of services, from drilling and transportation to maintenance and field services, and each of those relationships is governed by detailed agreements that define pricing, scope, and expectations. The challenge is that these contracts are often complex and […]
What Oklahoma’s Senate Bill 227 Really Changes
Oklahoma’s passage of Senate Bill 227 introduces a targeted—but important—update to property tax treatment within the oil and gas sector. The key change: SB 227 expands the property tax exemption for oil and gas production equipment to now include flowlines and gathering lines. Specifically, the exemption applies to infrastructure that runs from the wellhead to […]
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, […]
Unclaimed Property Reporting: Your Checklist for Texas Escheatment
Unclaimed property reporting has strict reporting deadlines and failure to report could result in penalties and interest. These deadlines vary by state, and it is important to adhere to the reporting requirements for each state. Texas has a fast-approaching deadline of July 1st for all unclaimed property reporting. Have you completed your escheatment checklist to […]
Industry News: 2nd Quarter 2025
EQT acquired Olympus Energy for $1.8 billion. Olympus owns 90,000 net acres in southwest PA, adjacent to EQT’s existing Marcellus portfolio, with net production of 500 MMCFD, 165 gross Marcellus drilling locations; and 60 gross locations in the Utica. Stonepeak purchased a 46.3% stake in Repsol’s NM and TX solar and storage portfolio for $340 […]
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 […]