Petrosource LLC

PetroSource LLC is a specialized back office outsourcing provider in Tulsa, Oklahoma, serving the oil and gas industry. The firm gives operators, royalty interest owners, and working interest partners access to a complete outsourced accounting department without the overhead of building one in-house. For companies that need deep industry expertise on demand, without committing to a permanent internal team, PetroSource steps in as a capable BPO partner in the USA. The service list covers the full range of oil and gas accounting needs. On the revenue side, the team maintains distribution decks, processes sales through the current division of interest, and produces and mails revenue checks to royalty owners and partners. Joint interest billing covers maintenance of billing decks, overhead and insurance charges, COPAS rate increases, and mailing bills to partners. Division order work includes reviewing drilling and title opinions for new well setups, issuing division orders, and maintaining division-of-interest decks and owner information. Accounts payable and accounts receivable processing round out the transactional side. Regulatory reporting covers filings and payments to state taxing authorities, the Office of Natural Resources Revenue (ONRR), and the General Land Office (GLO). Financial reporting services include balance sheets, income statements, cash flow statements, lease operating statements, depreciation and depletion schedules, and full data preparation for year-end tax purposes, including depletion calculations. The firm focuses exclusively on the oil and gas sector. PetroSource can function as a company's entire accounting department or supplement an existing internal team, and clients choose which specific services they want rather than purchasing a fixed package. That flexibility makes the firm a practical fit for both small independents and larger operators with variable accounting workloads. Leadership brings substantial industry tenure. CEO Charles Hancock has worked in oil and gas accounting since 1983 and has managed outsourced accounting services since 1999. President Becky Hoagland has been in oil and gas accounting since 1998 and in managed outsourced engagements since 2001. Manager Tyler Hancock, also a CPA, has managed outsourced oil and gas accounting since 2016. The firm is an active participant in COPAS, the Council of Petroleum Accountants Societies, the standard-setting body for oil and gas accounting practice. That involvement keeps staff current as accounting laws and regulations change. Because PetroSource maintains a balanced workforce, client work continues uninterrupted when individual staff members are on vacation or out sick, and there are no hiring or downsizing complications when business volume shifts. Oil and gas companies looking for a proven back office outsourcing partner in the United States can contact PetroSource to discuss which services fit their current operations.