Upstream Oil, Gas, & Oilfield CFO Services
Custom Tailored Energy Finance Solutions
We custom-tailor solutions to fit your unique needs in a very complex industry. We do this by taking a holistic view when building your processes and teams, as opposed to "cookie-cutter" approaches and solutions that the competitors offer.
To gain a clearer understanding of the potential scope of services you may receive, consider the following two illustrations of frequently outsourced CFO services offered to small and middle market businesses as well as larger private companies. These examples aim to provide insight into the scope of services that can be obtained through external CFO support.
No matter the location of your upstream assets and personnel, as long as you have internet access and cloud capabilities we can make it easy for you to plug and play our services into your organization. We offer flexible service options that are designed to grow with you until such time when you truly need a full-time chief financial officer. Our CFO Advisory Services includes a team of very experienced energy finance and accounting professionals and our services are designed to wrap around your accounting, oil and gas revenue accounting, audit, and tax providers. Our services are delivered virtually (since 4Q 2017) and we utilize a remote Texas based workforce. Our firm utilizes cloud and automation tech stack along with specialized finance software to perform our analysis, 3-way rolling forecasts, and produce monthly management reports and dashboards.
Not surprisingly, our custom solutions are often less expensive than other alternatives: executive search recruiters, staffing firms, accounting firms offering CFO services, other CFO firms, independent contractors, and oil and gas accounting consultants.
Upstream | Oil and Gas | Oilfield | Petroleum
The Energy CFO® offers CFO services and financial consulting to various entities in the oil and gas industry. These include private oil and gas developers, operators, gas and LNG marketers, engineers, owners of oilfield products and service companies, developers of patented energy technologies, oil and gas software developers, and manufacturers of oil and gas equipment and systems. Whether it be analyzing financial data, developing strategic plans, or optimizing cash flow management, our CFO team is dedicated to helping our clients achieve success in the ever-evolving energy sector.
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Developers
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Energy Infrastructure
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Upstream Projects In Oil and Gas
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Oil and Gas Development / Tollgates
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Oil and Gas Infrastructure
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Oil and Gas Greenfield
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LNG Projects
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Energy Transition Projects
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Carbon Capture and Storage
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Engineering
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Oil and Gas
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Petroleum
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EPC and E&C
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Exploration and Production ("E&P")
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Oil and Gas Mining and Extraction
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Oil and Natural Gas Drilling
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Shale Oil and Shale Gas
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Offshore Oil and Gas
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Independent Oil and Gas Companies
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Vertically Integrated Oil and Gas
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Integrated Oil and Gas Companies
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US Gas, Global Gas, and LNG Supply
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Oilfield Products and Oilfield Services
- Geoscience and Seismic Companies
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Drilling and Completion
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Fracking
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Horizontal Directional Drilling
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Drilling Fluids and Chemicals
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Offshore Drilling
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Energy Technologies
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Carbon Emission Reduction
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Upstream Oil & Gas Tech
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Operational Tech
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Emissions Reduction
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Oil and Gas Software
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Petroleum Data Management Software
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Oilfield Production Software
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Saas Oil and Gas
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IoT in Oil and Gas
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Oil and Gas Manufacturing
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Petroleum Equipment
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Oil Field Equipment
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Drilling Equipment
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Measurement Equipment
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The Stakes In The Oil Patch Couldn't Be Higher
Is your Production and/or G&A costs per bbl / boe to high?
Are your oil field bids and projects consistently unprofitable?
Is your company debt too high? Cash flow unpredictable?
Does accounting need help improving cash management practices?
Lack of cash and profits can lead to business failures.
Take Action Today to Protect Your Oil and Gas Company!
Why Outsource Your CFO Work
Fractional CFO | Virtual CFO | CFO Consulting
Hiring an outsourced chief financial officer to manage your upstream oil and gas operator and oilfield company’s finances is a great way to strengthen and grow your business long term. For private companies, there are so many choices other than just hiring a full-time and part-time CFO. For example, Fractional CFOs are outsourced cfos that are retained to work when you need them. Or maybe you want to limit work to a special financial consulting project which is another form of outsourced cfo services we offer. Most of our services are virtual cfo services as most of your work can be completed remotely. We will make field trips as needed/agreed.
The first step is to understand how a CFO Advisor can help you. If you are not familiar with how financial consultants can be used to strengthen your business, you may want to read our blog post about why oil and gas service companies are outsourcing cfo leadership.
If you are not familiar with the difference in the CFO vs. other financial roles such as Controller and/or Accountant, you may want to reference the following blog article first: What is a CFO And What Does A CFO Do? Generally speaking, a CFO helps strengthen your business by building on historical numbers and financial reports produced by accounting, offering recommendations to improve business operations, and focusing on helping the CEO drive the company’s financial future.
Our Shale Oil and Natural Gas Playbook
Disciplined Cash and ROI Focus
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Unconventional Cash Flow and Cost Discipline
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Shorten the cash conversion cycle
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Validate business economics and lookback analysis
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Improve profitability by focusing on procurement, inventory, dispatch, and productivity
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Cash flow forecasting, revisit capital budgets, and adopt rolling forecasts
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Evaluate oil and gas financing options
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Optimize costs by simplifying and automating operations, processes, and integrating systems.
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Leverage and integrate IOT and IT technology
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Eliminate fixed costs where outsourcing makes sense
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Oilfield focus on credit, customer pricing, utilization, sector pivots, and field ticket automation
Energy Services CFO Success Stories
Navigating Clients Through Challenging Business Cycles
Grew operating cash / working capital by more than 800% over a 12-month period from December 2019 to November 2020 by improving project profitability, disciplined cash management, changing processes and controls, capturing accounting efficiencies, CFO coaching, adding to their accounting bench, and active receivables management.
Increased existing line of credit by 60% or $3 million dollars in 2020 by engaging their banker and the bank's financial analyst, providing management reports and relevant financial analysis, and sharing projections and fielding related Q&A.
Family-Owned Energy Service Company
Gross Revenues +$200 Million 2019
We Help Develop Your Working Capital Playbook
We Offer Cash Forecasting + Management + Business Intelligence Services
Cash Management
Digital Technology
A/R and A/P Management
Inventory Management
Treasury Techniques
Cash Funding
Cash Forecasting
13 Week Cash Flow
Cash Planning - Sources/Uses
Rolling Cash Forecasts
Scenario Analysis
3-Way Forecasting & Budgeting
Business Intelligence
Cash Conversion Cycle Analysis
Monthly Mgmt Reports
Graphs and Dashboards
Liquidity & Working Capital Ratios
Industry Trends
We Offer Strategic Oil and Gas Finance Consulting
We offer a range of strategic CFO advisory services including oil and gas finance consulting services tailored to fit your specific needs:
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Strategy guidance and strategic planning
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SWOT assessment
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Benchmarking competitors
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Risk management and mitigation
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Sales and marketing business plans
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Organizational development
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Virtual CFO Coaching
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Corporate finance oil and gas
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Oil and gas accounting
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Oil field accounting
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Asset and/or portfolio optimization
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Investment decisions
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Capital structuring
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Oil and gas financing
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Leading change initiatives
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Restructuring and turnarounds
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Preparing companies for sale
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Family succession planning
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Transaction advisory services
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Mergers and acquisitions (“M&A”) Support
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Post acquisition M&A transition
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Why Oil and Gas Companies Hire The Energy CFO
We Want You and Your Business To Thrive
Owning and running a private oil and gas company is tough. Your least abundant resource is time and when you are growing - you never have enough cash. These are common growing pains we see clients struggling with:
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Owners are overrun with too many responsibilities - working and running the company.
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Unfamiliarity with what is going on with the financial health and the performance of their companies.
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Not getting relevant and impactful information they need to aid in decision making.
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Encountering growth resistance points and frustrated with an inability to make traction.
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Feeling something is off or there is a gap, but not exactly sure what "it" is.
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Not getting candid feedback, constructive guidance, or practical solutions to tackle problems.
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Dealing with gaps in organizational design and governance.
We have experience helping owners and executives with these issues and much more. What we do is help you see the big picture and understand how the administrative, production and operational pieces of your business impact your profitability, cash flow, and/or hold back growth so you can take action.
More About The Energy CFO
CFO Oil and Gas Bio
Paula Waggoner-Aguilar, CPA
The Energy CFO is a San Antonio, Texas-based firm that provides CFO Services and Business Management Consulting services. With a decade of experience in the industry, we have distinguished ourselves in energy finance and assisting entrepreneurial organizations. We are a small giant in our field.
Our commitment to our clients is evident in the long-lasting relationships we build. Many of our clients choose to stay with us for a number of years, allowing us to grow and evolve together. We understand the unique challenges faced by energy companies and are dedicated to providing tailored solutions that meet their specific needs.
As a CFO Advisory and Consulting Firm, we offer a wide range of services to support our clients' financial goals. From financial planning and analysis to risk management and strategic decision-making, we provide comprehensive support that helps businesses thrive in the ever-changing energy industry.
At The Energy CFO, we pride ourselves on our deep understanding of the energy sector and our ability to deliver value to our clients. Our team has a combined energy finance and accounting work experience of more than 100 years. We have worked for Fortune 500 and private companies across the energy value chain and have domestic and global management and project experience. Our consultants are hardworking independent critical thinkers with strong business, strategic, operational and financial acumen. We stay up-to-date with the latest financial trends and technology so that our advice and recommendations are relevant and effective.
The Energy CFO is majority owned and run by an award-winning CFO/CPA and former Global Fortune 500 Vice President. With over 25 years of experience in the energy sector, she brings a wealth of knowledge and experience to our organization. Read more about our industry awards and recognition, including Best CFO for outsourced cfo services to private energy companies.
Our ROI To Oil & Gas and Oil Field Clients
Save Time and
Save Money
Outsource your CFO work to us and optimize your time. Our CFO Services are designed to save you time and find ways to save you money. You will still be in control, but you will get more done so your company can make more money
Understand Your Finances
We analyze your financial health, performance, and operation information and meet with you monthly to provide you with our analysis, insights, guidance, and recommendations. We will explain finance and accounting concepts you have questions about.
Make Informed
Bus. Decisions
Get timely and relevant business intelligence, scenario analysis, and financial advice to help you make informed decisions. We help identify and narrow down alternatives
based on your objectives.
Build Leader Confidence
We help maximize the Return on Investment on your money and sweat equity invested in your business. Our services not only help you increase your financial acumen, but also build confidence in your business leadership.
Transform Your Business
We help you strategize,
plan for growth, devise action plans, budget, forecast cash, create financial projections, secure debt/equity funding, pricing, costing, reduce costs, improve margins, & monitor performance.
Ready To Unlock Your Company's Potential?
1. Contact us to schedule an initial consultation.
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Complete our prospective client form or
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Leave us a voice mail or
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Email us directly
2. We have a Zoom listening session.
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Learn more about your company
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Understand your objectives: business, financial, and personal
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Assess whether our service is a good fit for your business
3. We will provide you with a service proposal and price quote.
4. Sign our service agreement and we are ready to begin.