Top 10 Best Petroleum Accounting Software of 2026

Quorum Software delivers a leading-edge petroleum accounting platform designed specifically for the oil and gas industry, encompassing revenue management, joint interest billing (JIB), ownership and division of interest (DOI), and accounts payable/receivable. It automates complex workflows like royalty payments, regulatory reporting, and production revenue allocation, ensuring compliance with standards such as SEC and state regulations. The suite integrates with upstream systems for end-to-end visibility, making it ideal for operators managing large portfolios.

OGSYS is a comprehensive petroleum accounting software suite tailored for the upstream oil and gas industry, offering modules for joint interest billing (JIB), revenue distribution, accounts payable/receivable, and production allocation. It excels in handling complex division of interest (DOI) calculations, regulatory reporting, and integration with E&P systems to ensure accurate financial management. With both on-premise and cloud deployment options, it supports operators from mid-sized independents to large enterprises in streamlining operations and compliance.

Enverus is a comprehensive energy intelligence platform with robust petroleum accounting software designed for oil and gas operators, offering modules for joint interest billing, revenue distribution, accounts payable/receivable, and owner relations. It integrates seamlessly with production data, reserves evaluation, and market analytics from the industry's largest database, enabling accurate financial management and forecasting. Ranked #3, it excels in automating complex upstream accounting workflows while providing actionable insights for decision-making.

Aucerna is an integrated software suite designed for the upstream oil and gas sector, providing tools for planning, reserves management, production allocation, and economic evaluation. For petroleum accounting, it excels in production data management, allocation workflows, and revenue forecasting tied to operational planning. While not a standalone accounting system, it supports joint venture accounting, cost tracking, and financial reporting through its modular platform, enabling data-driven decisions across the asset lifecycle.

DataOnline is a specialized accounting software platform tailored for the petroleum industry, particularly upstream oil and gas operations. It offers core modules for joint interest billing (JIB), revenue distribution, production allocation, AFE tracking, and financial reporting compliant with industry standards. The software helps operators manage complex ownership structures, royalties, and regulatory requirements efficiently.

nHanced is a modern, cloud-based petroleum accounting software tailored for the oil and gas industry, specializing in revenue management, joint interest billing (JIB), and royalty owner relations. It automates complex division of interest (DOI) calculations, ensures regulatory compliance with tools for severance tax reporting, and facilitates accurate revenue distribution. The platform replaces legacy systems with scalable, real-time processing capabilities for upstream operators.

TCC Software's ProductionPro is a specialized petroleum accounting platform tailored for upstream oil and gas operators, automating key processes like revenue distribution, joint interest billing (JIB), and production allocation. It manages ownership decks, disbursements, and regulatory reporting for severance taxes across multiple states. With decades of industry experience, it integrates production data to deliver accurate financials and compliance reporting.

Secom, from secomsystems.com, is a specialized Windows-based accounting software tailored for the oil and gas industry, focusing on revenue distribution, owner relations, and financial management for petroleum producers. It excels in automating division order of interest (DOI) management, royalty owner payments, and regulatory reporting like 1099s. While reliable for core upstream accounting tasks, it lacks modern cloud capabilities and integrations compared to newer competitors.

SAP provides enterprise resource planning (ERP) software with industry-specific solutions for oil and gas, including petroleum accounting modules like Joint Venture Accounting, Production Revenue Accounting, and Royalty Management. It automates complex processes such as revenue distribution, owner relations billing, and regulatory compliance reporting. Integrated with broader ERP functionalities, SAP supports end-to-end financial management for upstream, midstream, and downstream operations in the petroleum sector.

Oracle offers comprehensive ERP solutions with specialized modules for the oil and gas industry, including petroleum accounting features like joint interest billing (JIB), production revenue accounting, royalties management, and regulatory compliance reporting. These capabilities are embedded within Oracle E-Business Suite and Oracle Fusion Cloud ERP, enabling seamless integration of financials, operations, and upstream activities. It supports complex ownership structures and volumetric allocations critical to petroleum operations.