Quick Overview
- 1#1: Enertia - Full-spectrum cloud ERP platform designed for oil and gas accounting, including joint interest billing, revenue distribution, and production management.
- 2#2: Foundation - Integrated ERP software providing comprehensive accounting, land management, and economic analysis for independent oil and gas operators.
- 3#3: Stonewood - Specialized accounting software tailored for upstream oil and gas with features for financial reporting, JIB, and owner relations.
- 4#4: QSRS - Revenue accounting system focused on division orders, check processing, and ownership management for oil and gas producers.
- 5#5: WEnergy - End-to-end oil and gas accounting solution handling revenue, disbursements, JIB, and regulatory reporting.
- 6#6: myQuorum - Modern SaaS platform for oil and gas accounting with automation for financials, contracts, and land data.
- 7#7: TIPS - Production revenue accounting software optimizing pay applications, suspense tracking, and owner pays for oil and gas.
- 8#8: Synergi - Accounting and production system delivering financial management, reporting, and well lifecycle tracking for oil and gas.
- 9#9: SAP Oil, Gas and Energy - ERP suite with industry-specific modules for upstream, midstream, and downstream oil and gas accounting and compliance.
- 10#10: Oracle Oil & Gas - Cloud-based ERP solution supporting joint venture accounting, revenue management, and financials for oil and gas enterprises.
These tools were selected based on industry-specific functionality, user-friendliness, reliability, and overall value, ensuring they address the unique challenges of upstream, midstream, and downstream accounting while delivering measurable benefits.
Comparison Table
Explore a comprehensive comparison of top oil and gas accounting software, featuring Enertia, Foundation, Stonewood, QSRS, WEnergy, and additional tools, designed to help businesses identify solutions tailored to their operational needs through clear, key feature breakdowns.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | Enertia Full-spectrum cloud ERP platform designed for oil and gas accounting, including joint interest billing, revenue distribution, and production management. | enterprise | 9.4/10 | 9.8/10 | 8.2/10 | 9.1/10 |
| 2 | Foundation Integrated ERP software providing comprehensive accounting, land management, and economic analysis for independent oil and gas operators. | enterprise | 9.1/10 | 9.4/10 | 8.2/10 | 8.8/10 |
| 3 | Stonewood Specialized accounting software tailored for upstream oil and gas with features for financial reporting, JIB, and owner relations. | specialized | 8.4/10 | 9.1/10 | 7.6/10 | 8.0/10 |
| 4 | QSRS Revenue accounting system focused on division orders, check processing, and ownership management for oil and gas producers. | specialized | 8.7/10 | 9.2/10 | 7.5/10 | 8.4/10 |
| 5 | WEnergy End-to-end oil and gas accounting solution handling revenue, disbursements, JIB, and regulatory reporting. | enterprise | 8.2/10 | 8.8/10 | 7.5/10 | 8.0/10 |
| 6 | myQuorum Modern SaaS platform for oil and gas accounting with automation for financials, contracts, and land data. | enterprise | 8.5/10 | 9.2/10 | 7.8/10 | 8.0/10 |
| 7 | TIPS Production revenue accounting software optimizing pay applications, suspense tracking, and owner pays for oil and gas. | specialized | 7.8/10 | 8.6/10 | 7.1/10 | 7.5/10 |
| 8 | Synergi Accounting and production system delivering financial management, reporting, and well lifecycle tracking for oil and gas. | enterprise | 7.6/10 | 8.1/10 | 6.9/10 | 7.4/10 |
| 9 | SAP Oil, Gas and Energy ERP suite with industry-specific modules for upstream, midstream, and downstream oil and gas accounting and compliance. | enterprise | 8.2/10 | 9.1/10 | 6.7/10 | 7.6/10 |
| 10 | Oracle Oil & Gas Cloud-based ERP solution supporting joint venture accounting, revenue management, and financials for oil and gas enterprises. | enterprise | 8.2/10 | 9.1/10 | 6.8/10 | 7.4/10 |
Full-spectrum cloud ERP platform designed for oil and gas accounting, including joint interest billing, revenue distribution, and production management.
Integrated ERP software providing comprehensive accounting, land management, and economic analysis for independent oil and gas operators.
Specialized accounting software tailored for upstream oil and gas with features for financial reporting, JIB, and owner relations.
Revenue accounting system focused on division orders, check processing, and ownership management for oil and gas producers.
End-to-end oil and gas accounting solution handling revenue, disbursements, JIB, and regulatory reporting.
Modern SaaS platform for oil and gas accounting with automation for financials, contracts, and land data.
Production revenue accounting software optimizing pay applications, suspense tracking, and owner pays for oil and gas.
Accounting and production system delivering financial management, reporting, and well lifecycle tracking for oil and gas.
ERP suite with industry-specific modules for upstream, midstream, and downstream oil and gas accounting and compliance.
Cloud-based ERP solution supporting joint venture accounting, revenue management, and financials for oil and gas enterprises.
Enertia
enterpriseFull-spectrum cloud ERP platform designed for oil and gas accounting, including joint interest billing, revenue distribution, and production management.
Universal Ledger with flexible, industry-specific chart of accounts that adapts to diverse O&G accounting structures without custom coding.
Enertia by P2 Energy Solutions is a comprehensive ERP platform tailored for upstream oil and gas operations, offering integrated modules for accounting, revenue management, joint interest billing, land administration, and production tracking. It automates complex workflows like revenue distribution, royalty owner payments, and regulatory reporting, ensuring compliance with industry standards such as SEC and GAAP. Designed for scalability, it supports operators from small independents to major enterprises with real-time data insights and customizable configurations.
Pros
- Deeply specialized oil and gas functionality, including advanced revenue allocation and JIB
- Seamless integration across accounting, land, and production modules
- Robust scalability and customization for complex enterprise needs
Cons
- Steep learning curve due to extensive features and customization
- High upfront implementation and training costs
- Limited out-of-the-box mobile accessibility
Best For
Mid-to-large oil and gas operators needing a fully integrated ERP for upstream accounting and operations management.
Pricing
Custom quote-based pricing; typically starts at $50,000+ annually for mid-sized deployments, plus significant implementation fees.
Foundation
enterpriseIntegrated ERP software providing comprehensive accounting, land management, and economic analysis for independent oil and gas operators.
Sophisticated Revenue Distribution module that handles complex net revenue interest (NRI) calculations and pays millions of owner checks monthly with pinpoint accuracy.
Foundation by VersaTech is a specialized accounting software designed exclusively for the oil and gas industry, providing end-to-end financial management for upstream, midstream, and service companies. It excels in revenue distribution, joint interest billing (JIB), production accounting, and owner relations, ensuring compliance with complex regulatory requirements like SEC and state reporting. The platform integrates seamlessly with field data systems for accurate financials and scalable operations from small independents to major operators.
Pros
- Deeply tailored oil & gas functionality including advanced revenue allocation and JIB
- Robust compliance and audit trail features for regulatory demands
- Scalable architecture with strong integration to production and land systems
Cons
- Steep learning curve due to industry-specific complexity
- Pricing can be prohibitive for very small operators
- User interface feels dated compared to modern SaaS alternatives
Best For
Mid-sized to enterprise oil and gas companies requiring comprehensive, industry-specific accounting for revenue, JIB, and owner management.
Pricing
Custom enterprise pricing starting at $50,000+ annually based on modules, users, and deployment (on-premise or hosted); quotes required.
Stonewood
specializedSpecialized accounting software tailored for upstream oil and gas with features for financial reporting, JIB, and owner relations.
Advanced Revenue Distribution engine that accurately allocates gross production across complex net revenue interests and overriding royalties
Stonewood is a specialized accounting software platform tailored for the upstream oil and gas industry, offering comprehensive tools for revenue distribution, joint interest billing (JIB), owner relations, and production allocation. It streamlines field data capture, marketing, and payables while providing robust reporting and analytics to manage complex ownership structures and regulatory compliance. Designed for operators and producers, it excels in handling the unique financial workflows of exploration and production accounting.
Pros
- Deeply specialized modules for oil & gas revenue distribution and JIB
- Strong handling of complex ownership and production allocation
- Reliable reporting and audit trail capabilities
Cons
- Dated user interface with a steeper learning curve
- Limited native cloud or mobile accessibility
- Customization requires vendor support
Best For
Mid-sized independent oil and gas operators focused on upstream accounting and revenue management.
Pricing
Custom quote-based pricing starting around $10,000-$50,000 annually depending on modules, users, and deployment; contact sales for details.
QSRS
specializedRevenue accounting system focused on division orders, check processing, and ownership management for oil and gas producers.
Sophisticated revenue proration and distribution engine that manages intricate ownership changes and suspense handling
QSRS (QuickSilver Revenue System) from Qbyte is a specialized revenue accounting solution designed for the oil and gas industry, focusing on automating revenue distribution to interest owners, purchasers, and royalty holders. It handles complex calculations for gross and net revenue interests, check printing, EFT payments, and generates IRS 1099s, state severance tax reports, and owner statements. The software integrates with production data systems to ensure accurate revenue posting and supports pay cycles for thousands of owners efficiently.
Pros
- Robust revenue allocation engine handles complex division orders and net revenue interests accurately
- Comprehensive regulatory reporting for federal and state compliance, including 1099s and severance taxes
- Seamless integration with production accounting systems like P2 for streamlined workflows
Cons
- User interface appears dated compared to modern cloud-native solutions
- Steep learning curve for setup and customization without dedicated training
- Limited emphasis on lease management or full upstream accounting beyond revenue
Best For
Mid-sized oil and gas producers and revenue departments prioritizing accurate owner payments and regulatory reporting.
Pricing
Custom enterprise pricing upon request; typically annual licensing starting at $50,000+ based on user count and modules.
WEnergy
enterpriseEnd-to-end oil and gas accounting solution handling revenue, disbursements, JIB, and regulatory reporting.
Advanced revenue distribution with automated handling of imbalances, take-in-kind volumes, and disproportionate sales
WEnergy by DataOnline is a specialized accounting software designed for the upstream oil and gas sector, focusing on revenue distribution, joint interest billing (JIB), and ownership management. It automates complex production allocation, royalty payments, and severance tax calculations across multiple states, ensuring regulatory compliance. The platform also handles payables, receivables, and detailed reporting for operators, working interest owners, and royalty owners.
Pros
- Powerful revenue distribution engine for complex ownership decks
- Strong multi-state regulatory compliance and tax reporting
- Flexible integration with production and land systems
Cons
- Dated user interface compared to modern SaaS competitors
- Steeper learning curve for non-specialists
- Custom pricing lacks transparency
Best For
Mid-sized oil and gas operators seeking robust, industry-specific revenue accounting and JIB capabilities.
Pricing
Custom quote-based pricing; subscription model starting around $5,000/month for mid-tier deployments, depending on modules and users.
myQuorum
enterpriseModern SaaS platform for oil and gas accounting with automation for financials, contracts, and land data.
Advanced revenue distribution engine that automates intricate divisions of interest, net revenue interest, and royalty calculations with pinpoint accuracy.
myQuorum by Quorum Software is a cloud-based accounting platform tailored for the upstream oil and gas industry, automating key processes like revenue management, joint interest billing (JIB), and production allocation. It ensures regulatory compliance, handles complex divisions of interest, and integrates with ERP systems for end-to-end financial visibility. Designed for scalability, it supports operators from mid-sized to enterprises with real-time data insights.
Pros
- Industry-specific modules for revenue, JIB, and royalties with high accuracy
- Cloud-native scalability and seamless integrations with E&P tools
- Robust compliance and audit trail features for SEC and state regulations
Cons
- Steep learning curve due to complex O&G workflows
- Enterprise pricing may be prohibitive for small operators
- Customization often requires professional services
Best For
Mid-to-large oil and gas operators needing comprehensive, automated accounting for complex revenue and production operations.
Pricing
Custom quote-based pricing; modular subscriptions starting at enterprise levels (typically $50K+ annually depending on users and modules).
TIPS
specializedProduction revenue accounting software optimizing pay applications, suspense tracking, and owner pays for oil and gas.
Proprietary Payable Interest Determinist engine for precise, automated handling of intricate revenue allocations and pay changes.
TIPS by Merrick Inc. is a specialized upstream oil and gas accounting software suite designed for revenue management, production allocation, division orders, and joint interest billing. It automates complex calculations for net revenue interests, royalties, and working interests while integrating production data from various sources. The system supports regulatory reporting for multiple jurisdictions and provides tools for pay statement generation and historical data analysis.
Pros
- Highly accurate revenue distribution engine for complex ownership structures
- Strong integration with SCADA, land systems, and production databases
- Comprehensive regulatory compliance and reporting tools for oil & gas
Cons
- Outdated user interface that lacks modern web-based accessibility
- Steep learning curve for setup and customization
- Limited flexibility for non-upstream operations or rapid scaling
Best For
Mid-sized upstream oil and gas operators needing robust revenue accounting and allocation capabilities.
Pricing
Custom enterprise pricing via quote; modular licensing starts around $50K+ annually based on users and modules.
Synergi
enterpriseAccounting and production system delivering financial management, reporting, and well lifecycle tracking for oil and gas.
Advanced division of interest engine with real-time gross/net revenue reconciliation
Synergi by DPO Group is a specialized oil and gas accounting software designed for upstream operators, focusing on revenue management, joint interest billing (JIB), and production allocation. It automates complex division of interest (DOI) calculations, regulatory reporting, and financial integrations to streamline compliance with SEC and state requirements. The platform supports mid-sized E&P companies with modular functionality that scales with operational needs.
Pros
- Robust revenue distribution and DOI management
- Strong JIB and payables automation
- Seamless integration with DPO's land and production modules
Cons
- Steep learning curve for non-experts
- Limited native mobile or cloud-first options
- Customization requires vendor support
Best For
Mid-sized independent oil and gas operators seeking integrated upstream accounting without full enterprise-scale complexity.
Pricing
Modular licensing with custom quotes; typically $5,000-$20,000/month based on users and modules.
SAP Oil, Gas and Energy
enterpriseERP suite with industry-specific modules for upstream, midstream, and downstream oil and gas accounting and compliance.
Advanced Joint Venture Accounting with automated billing, cash calls, and ownership reconciliation for intricate partnerships
SAP Oil, Gas and Energy is an enterprise-grade ERP solution from SAP tailored for the oil, gas, and energy industries, offering specialized modules for upstream, midstream, and downstream operations. It excels in oil and gas accounting with features like joint venture accounting, production revenue distribution, ownership management, and regulatory reporting. Integrated with SAP S/4HANA, it provides real-time financial insights and compliance with standards like SEC and IFRS.
Pros
- Comprehensive industry-specific accounting for JIB, royalties, and production
- Seamless integration with broader SAP ERP ecosystem
- Scalable for global enterprises with strong analytics and compliance tools
Cons
- Steep learning curve and complex setup requiring expert consultants
- High implementation and licensing costs
- Overly robust for smaller operators, often needing heavy customization
Best For
Large-scale oil and gas enterprises with complex joint ventures and multinational operations seeking fully integrated ERP accounting.
Pricing
Custom enterprise pricing; typically starts at $100K+ annually for cloud subscriptions, scaling with users, modules, and deployment size.
Oracle Oil & Gas
enterpriseCloud-based ERP solution supporting joint venture accounting, revenue management, and financials for oil and gas enterprises.
Advanced Joint Interest Billing (JIB) with automated payee distribution and imbalance management
Oracle Oil & Gas is an enterprise-grade solution within Oracle's ERP suite, designed specifically for upstream oil and gas accounting needs. It handles complex processes like joint interest billing (JIB), production revenue accounting (PRA), royalties management, and ownership allocations. Integrated with Oracle E-Business Suite or Cloud ERP, it provides real-time financial visibility and regulatory compliance for large-scale operations.
Pros
- Comprehensive industry-specific accounting for JIB, PRA, and royalties
- Seamless integration with Oracle ERP for end-to-end operations
- Scalable for multinational enterprises with strong audit and compliance tools
Cons
- High implementation costs and lengthy deployment timelines
- Steep learning curve requiring specialized training
- Less flexible for small or mid-sized operators due to complexity
Best For
Large upstream oil and gas companies with complex joint ventures and multinational operations seeking integrated ERP accounting.
Pricing
Custom enterprise licensing; annual subscriptions start at $100,000+ based on modules and users, plus implementation fees.
Conclusion
Throughout the review, each tool demonstrated unique strengths in addressing oil and gas accounting needs, from joint interest billing to production management. Enertia reigns as the top choice, offering a comprehensive cloud ERP that unifies core accounting with industry-specific workflows, while Foundation and Stonewood stand out as exceptional alternatives, each tailored to distinct operational priorities.
Take the next step— explore Enertia to experience the streamlined efficiency of a top-tier accounting solution, or consider Foundation or Stonewood to align with your specific business focus. Specialized software is key to navigating the complexities of this industry, and the right tool can transform your financial and operational processes.
Tools Reviewed
All tools were independently evaluated for this comparison