Quick Overview
- 1#1: P2 Energy Solutions - Provides comprehensive upstream accounting, land management, and revenue distribution software tailored for oil and gas operators.
- 2#2: Quorum Software - Delivers cloud-native ERP and accounting solutions optimized for the entire oil and gas value chain including financials and operations.
- 3#3: Cygnet by Merrick - Offers production allocation, accounting, and SCADA integration software specifically for upstream oil and gas production operations.
- 4#4: eVIN by Stonewood - Handles joint interest billing, revenue accounting, and ownership management for oil and gas partnerships and operators.
- 5#5: TCC Software - Supplies full-cycle accounting and ERP software designed for exploration and production companies in the oil and gas sector.
- 6#6: BizCore - Provides integrated ERP and accounting systems for oilfield service companies and energy operators.
- 7#7: nGen Software - Integrates land administration, lease management, and financial accounting for oil and gas land departments.
- 8#8: Foundation by Star Information Systems - Manages production data, allocation, and accounting workflows for oil and gas producers.
- 9#9: WellEye - Cloud-based platform for production accounting, data capture, and reporting in the oil and gas industry.
- 10#10: Landboss - Streamlines land records, GIS mapping, and basic accounting for oil and gas land management.
We ranked these solutions by integrating robust industry-specific features, proven reliability, intuitive usability, and strong value proposition, ensuring a list that balances depth and accessibility for diverse oil and gas enterprises.
Comparison Table
Explore a curated comparison of oil & gas accounting software, featuring tools like P2 Energy Solutions, Quorum Software, Cygnet by Merrick, eVIN by Stonewood, TCC Software, and more. This guide equips readers with insights to identify solutions that align with their operational needs, whether for financial management, compliance, or industry-specific workflows.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | P2 Energy Solutions Provides comprehensive upstream accounting, land management, and revenue distribution software tailored for oil and gas operators. | enterprise | 9.6/10 | 9.8/10 | 8.2/10 | 9.3/10 |
| 2 | Quorum Software Delivers cloud-native ERP and accounting solutions optimized for the entire oil and gas value chain including financials and operations. | enterprise | 9.2/10 | 9.6/10 | 8.1/10 | 8.7/10 |
| 3 | Cygnet by Merrick Offers production allocation, accounting, and SCADA integration software specifically for upstream oil and gas production operations. | specialized | 8.7/10 | 9.2/10 | 7.5/10 | 8.1/10 |
| 4 | eVIN by Stonewood Handles joint interest billing, revenue accounting, and ownership management for oil and gas partnerships and operators. | specialized | 8.6/10 | 9.1/10 | 7.9/10 | 8.4/10 |
| 5 | TCC Software Supplies full-cycle accounting and ERP software designed for exploration and production companies in the oil and gas sector. | enterprise | 8.2/10 | 9.0/10 | 7.6/10 | 8.0/10 |
| 6 | BizCore Provides integrated ERP and accounting systems for oilfield service companies and energy operators. | enterprise | 7.6/10 | 8.1/10 | 7.2/10 | 7.4/10 |
| 7 | nGen Software Integrates land administration, lease management, and financial accounting for oil and gas land departments. | specialized | 8.1/10 | 8.8/10 | 7.4/10 | 7.9/10 |
| 8 | Foundation by Star Information Systems Manages production data, allocation, and accounting workflows for oil and gas producers. | specialized | 8.2/10 | 8.7/10 | 7.6/10 | 8.0/10 |
| 9 | WellEye Cloud-based platform for production accounting, data capture, and reporting in the oil and gas industry. | specialized | 8.1/10 | 8.7/10 | 7.6/10 | 7.9/10 |
| 10 | Landboss Streamlines land records, GIS mapping, and basic accounting for oil and gas land management. | specialized | 7.8/10 | 8.2/10 | 7.9/10 | 7.5/10 |
Provides comprehensive upstream accounting, land management, and revenue distribution software tailored for oil and gas operators.
Delivers cloud-native ERP and accounting solutions optimized for the entire oil and gas value chain including financials and operations.
Offers production allocation, accounting, and SCADA integration software specifically for upstream oil and gas production operations.
Handles joint interest billing, revenue accounting, and ownership management for oil and gas partnerships and operators.
Supplies full-cycle accounting and ERP software designed for exploration and production companies in the oil and gas sector.
Provides integrated ERP and accounting systems for oilfield service companies and energy operators.
Integrates land administration, lease management, and financial accounting for oil and gas land departments.
Manages production data, allocation, and accounting workflows for oil and gas producers.
Cloud-based platform for production accounting, data capture, and reporting in the oil and gas industry.
Streamlines land records, GIS mapping, and basic accounting for oil and gas land management.
P2 Energy Solutions
enterpriseProvides comprehensive upstream accounting, land management, and revenue distribution software tailored for oil and gas operators.
The unified P2 Energy Platform that integrates JIB, revenue, production, and land data for real-time, end-to-end upstream financial control.
P2 Energy Solutions offers a comprehensive, industry-leading platform designed specifically for oil and gas upstream operations, excelling in joint interest billing (JIB), revenue distribution, production accounting, and financial management. It automates complex workflows like owner relations, regulatory reporting (e.g., SEC, ONRR), and lease management, providing real-time visibility and compliance. The modular Energy Platform integrates seamlessly with ERP systems and E&P tools, supporting scalability from mid-sized operators to majors.
Pros
- Deep oil & gas-specific features like automated JIB and revenue allocation
- Enterprise-grade scalability and robust integrations with E&P software
- Proven reliability with strong compliance tools for regulatory reporting
Cons
- Steep learning curve due to complexity
- High upfront implementation and customization costs
- Less ideal for very small operators due to overhead
Best For
Mid-to-large oil and gas operators needing a fully integrated upstream accounting and land management solution.
Pricing
Enterprise quote-based pricing; typically $100K+ annually for full suites, depending on modules, users, and customization.
Quorum Software
enterpriseDelivers cloud-native ERP and accounting solutions optimized for the entire oil and gas value chain including financials and operations.
Advanced automated revenue allocation engine that handles intricate splits, gross/net calculations, and ownership changes unique to O&G
Quorum Software offers a comprehensive cloud-based platform designed specifically for the oil and gas industry, with its accounting solutions focusing on revenue management, joint interest billing, and financial reporting. It streamlines complex upstream processes like production allocation, royalty payments, and regulatory compliance through integrated modules. The software connects operational data with financials to provide real-time insights and automate workflows for mid-to-large operators.
Pros
- Highly specialized features for O&G revenue distribution and JV accounting
- Seamless integration with production and land management systems
- Robust compliance tools for SEC, SOX, and state regulations
Cons
- Steep learning curve and lengthy implementation for new users
- Premium pricing suitable mainly for larger enterprises
- Limited flexibility for very small operators or non-O&G industries
Best For
Mid-to-large oil and gas companies needing enterprise-grade accounting for complex upstream financial operations.
Pricing
Quote-based subscription pricing; typically $100,000+ annually depending on modules, users, and scale.
Cygnet by Merrick
specializedOffers production allocation, accounting, and SCADA integration software specifically for upstream oil and gas production operations.
Advanced volumetric revenue allocation engine that handles complex production splits and gross/net calculations across multiple data sources
Cygnet by Merrick is an enterprise-grade software suite designed specifically for oil and gas operators, providing integrated solutions for land management, production revenue accounting, joint interest billing, and owner relations. It excels in automating complex revenue allocation, royalty disbursements, regulatory compliance reporting, and handling volumetric data from disparate sources. With modules like Cygnet Revenue and Cygnet Land, it streamlines upstream financial operations for mid-to-large scale companies.
Pros
- Comprehensive oil & gas-specific features for revenue distribution and JIB
- Strong regulatory reporting and compliance tools for SEC, state, and federal requirements
- Highly scalable and customizable for complex upstream operations
Cons
- Dated user interface lacking modern SaaS polish
- Lengthy and resource-intensive implementation process
- High cost may deter smaller operators
Best For
Mid-sized to large oil and gas operators requiring robust, integrated land and revenue accounting with advanced allocation capabilities.
Pricing
Custom enterprise licensing based on modules, users, and transaction volume; annual costs typically range from $100K+ for full deployments.
eVIN by Stonewood
specializedHandles joint interest billing, revenue accounting, and ownership management for oil and gas partnerships and operators.
Revenue Integrity suite with automated validation rules and exception management to safeguard against revenue discrepancies.
eVIN by Stonewood is a comprehensive web-based oil and gas accounting software platform specializing in revenue management, joint interest billing (JIB), disbursements, and owner relations. It automates complex upstream processes like production allocation, revenue distribution, royalty payments, and regulatory reporting to ensure accuracy and compliance. The solution provides advanced analytics and dashboards for real-time insights into financial performance and revenue integrity.
Pros
- Robust revenue accounting with built-in integrity checks to minimize errors and leakage
- Scalable analytics and reporting tools tailored for oil & gas workflows
- Strong support for JIB, owner relations, and regulatory compliance
Cons
- Steep learning curve for non-expert users due to industry-specific complexity
- Pricing lacks transparency and is geared toward mid-to-large enterprises
- Limited emphasis on mobile accessibility or plug-and-play integrations
Best For
Mid-sized oil and gas operators needing specialized revenue and JIB management without building custom systems.
Pricing
Custom enterprise pricing via quote; modular subscription model starting around $50K+ annually based on users and modules.
TCC Software
enterpriseSupplies full-cycle accounting and ERP software designed for exploration and production companies in the oil and gas sector.
Infinity Revenue Distribution engine for handling intricate ownership reallocations and net revenue interests unique to O&G
TCC Software offers TCC Upstream Accounting, a specialized solution tailored for oil and gas operators handling upstream financial processes. It excels in revenue distribution, joint interest billing (JIB), production allocation, accounts payable/receivable, and regulatory reporting like severance taxes. The platform supports both on-premise and cloud deployments, integrating with production data systems for accurate ownership and payout management.
Pros
- Deeply specialized for oil & gas accounting with robust revenue distribution and JIB modules
- Strong compliance tools for state-specific taxes and regulations
- Flexible deployment options and reliable integrations with E&P systems
Cons
- User interface feels somewhat dated and less intuitive than modern SaaS alternatives
- Implementation requires significant setup time and expertise
- Premium pricing may not suit very small operators
Best For
Mid-sized upstream oil and gas operators managing complex partnerships, revenue splits, and production accounting.
Pricing
Custom enterprise pricing via quote; typically $50K+ annually based on modules, users, and deployment type.
BizCore
enterpriseProvides integrated ERP and accounting systems for oilfield service companies and energy operators.
Advanced joint interest billing with automated proration and cash call management
BizCore from ACOM Software is an ERP platform designed for oil and gas companies, providing specialized accounting modules for revenue distribution, joint interest billing (JIB), and production allocation. It handles complex financial workflows like royalty payments, severance tax reporting, and integration with lease management systems. While versatile for mid-market operators, it emphasizes customizable reporting and compliance with industry regulations.
Pros
- Strong revenue accounting with accurate division of interest (DOI) calculations
- Customizable dashboards and regulatory reporting tools
- Seamless integration with popular oilfield data systems
Cons
- Interface feels dated and requires training for full utilization
- Limited native mobile app support for field users
- Pricing can escalate quickly with add-on modules
Best For
Mid-sized independent oil and gas operators seeking robust accounting without enterprise-level complexity.
Pricing
Custom pricing upon request; typically starts at $5,000/month for base modules plus per-user fees.
nGen Software
specializedIntegrates land administration, lease management, and financial accounting for oil and gas land departments.
Automated joint interest billing with precise revenue apportionment across complex ownership decks
nGen Oil & Gas is a specialized ERP solution tailored for upstream oil and gas operators, automating core accounting processes like joint interest billing (JIB), revenue distribution, AFE management, and disbursements. It supports multi-entity operations, complex ownership structures, and regulatory compliance specific to the industry. Available as on-premise or hosted software, it integrates with production data systems to streamline financial workflows from wellhead to ledger.
Pros
- Deeply specialized modules for JIB, revenue splits, and owner relations
- Scalable for mid-sized operators with multi-company support
- Reliable handling of complex O&G financial workflows
Cons
- Outdated interface lacking modern UX polish
- Steep learning curve for non-accountants
- Limited native integrations with emerging cloud tools
Best For
Mid-sized exploration and production companies focused on joint venture accounting and revenue management.
Pricing
Custom pricing upon request; typically perpetual licenses starting at $50,000+ with annual maintenance, or hosted SaaS from $5,000/month based on users and modules.
Foundation by Star Information Systems
specializedManages production data, allocation, and accounting workflows for oil and gas producers.
Advanced revenue distribution engine handling intricate pay decks and suspense management
Foundation by Star Information Systems is a specialized accounting software platform tailored for the oil and gas industry, focusing on upstream operations like revenue distribution, joint interest billing (JIB), and division of interest management. It provides robust tools for production allocation, AFE tracking, and regulatory compliance reporting specific to energy sector needs. With decades of refinement, it supports complex ownership structures and pay decks essential for E&P companies.
Pros
- Deeply specialized oil & gas functionality including precise revenue allocation and JIB
- Reliable performance with strong audit trails and compliance tools
- Excellent support from a company with long-standing industry expertise
Cons
- Outdated user interface requiring training
- Limited modern integrations with third-party tools
- High cost may not suit small operators
Best For
Mid-sized upstream oil and gas operators managing complex joint ventures and revenue streams.
Pricing
Quote-based pricing; typically perpetual licenses or annual subscriptions starting at $25,000+ based on modules and users.
WellEye
specializedCloud-based platform for production accounting, data capture, and reporting in the oil and gas industry.
Proprietary Revenue Assurance Engine that automates pay-what-you-owe calculations to prevent revenue leakage
WellEye is a specialized oil and gas accounting software designed for upstream operators, focusing on revenue distribution, joint interest billing (JIB), and owner relations management. It automates complex division of interest (DOI) calculations, ensures regulatory compliance, and integrates with production data systems for accurate financial workflows. The platform emphasizes revenue accuracy to minimize leakage and supports scalable operations for multiple wells.
Pros
- Robust oil & gas-specific accounting modules including JIB and revenue distribution
- High accuracy in DOI and revenue calculations with built-in validation
- Strong integration with E&P data sources and ERP systems
Cons
- User interface feels somewhat dated and requires training
- Pricing is custom and can be expensive for smaller operators
- Limited advanced analytics or AI-driven insights compared to top competitors
Best For
Mid-sized oil and gas operators handling complex ownership structures and high-volume revenue accounting.
Pricing
Custom quote-based pricing, typically starting at $10,000-$50,000 annually depending on wells, users, and modules.
Landboss
specializedStreamlines land records, GIS mapping, and basic accounting for oil and gas land management.
Seamless GIS integration with revenue distribution for precise spatial-financial analysis
Landboss is a cloud-based land management platform tailored for the oil and gas industry, offering specialized accounting features like revenue distribution, joint interest billing, and AFE tracking alongside lease and contract management. It integrates GIS mapping for spatial data visualization and provides tools for ownership tracking, payment processing, and financial reporting. While strong in land-related accounting, it serves as a comprehensive solution for operators managing upstream assets from acquisition to revenue.
Pros
- Robust integration of land data with oil & gas-specific accounting like revenue allocation and JIB
- Powerful GIS mapping for asset visualization and decision-making
- Customizable workflows and reporting for mid-sized operations
Cons
- Limited depth in general ledger and advanced financial accounting compared to full ERP systems
- Steeper learning curve for non-land-focused users
- Pricing can escalate quickly with additional modules and users
Best For
Mid-sized oil and gas operators seeking an all-in-one land administration and accounting tool with strong GIS capabilities.
Pricing
Quote-based SaaS pricing starting around $500/month for basic plans, scaling with users, modules, and data volume.
Conclusion
The reviewed tools cater to diverse needs across the oil and gas value chain, with P2 Energy Solutions leading as the top choice, offering comprehensive upstream accounting, land management, and revenue distribution. Quorum Software follows closely, excelling with its cloud-native ERP for end-to-end integration, while Cygnet by Merrick stands out for production allocation and SCADA integration in upstream operations—each proving a strong alternative based on specific priorities.
Dive into P2 Energy Solutions to enhance efficiency, or explore Quorum or Cygnet to align with your unique operational focus, ensuring the best fit for your business needs.
Tools Reviewed
All tools were independently evaluated for this comparison