Eyvaz Khalilov
Certified Public Accountant · Texas License 096739
CPA and financial executive with more than 20 years of experience in accounting, financial reporting and advisory services, including specialized experience in Oil & Gas accounting.
Industry experience
Accounting led by someone who has sat on the operator side.
Our practice is led by a CPA with senior accounting leadership experience at EnerVest and Marathon Oil, and more than 14 years at Ernst & Young.
That background matters in this industry. Oil and gas reporting is not general bookkeeping with different account names: it carries its own revenue recognition questions, its own cost treatment decisions and its own disclosure expectations. Work is scoped to the operator, the records available and the reporting the business actually needs.
- U.S. GAAP reporting for exploration and production activity
- ASC 606 revenue recognition applied to production revenue
- ASC 842 lease accounting
- Acquisitions and divestitures of producing and non-producing properties
- Accounting policy development and documentation
- Internal controls and SOX compliance support
Where we help
The reporting problems that slow operators down.
Revenue and cost treatment
Production revenue, lease operating expense and capitalization decisions handled consistently, so period-over-period comparisons hold up.
Transactions
Purchase and sale of interests, and the accounting consequences that follow. Complex transactions evaluated before they close, not after.
Reporting for outside parties
Financial information organized for lenders, partners and investors. The firm does not perform audits, reviews, compilations or attestation engagements.
Policy and documentation
Written accounting policies that a new controller can follow and that survive staff turnover.
Controls
Internal control design and SOX compliance support for companies facing reporting scrutiny.
Outsourced CFO support
Budgeting, forecasting and decision analysis for operators without a full-time finance executive.
Who this is for
Small and mid-sized operators and service companies.
Companies large enough that generic bookkeeping no longer fits, but not large enough to carry a full internal accounting department.
If your reporting questions have started to outgrow your current provider, or if a transaction is on the table and you need someone who has handled one before, that is the conversation to have.
Typical engagements
- Independent operators and working interest owners
- Oilfield service companies
- Partnerships and investor-backed entities
- Companies preparing for a transaction or a financing
Next step
Bring us the reporting question.
Describe the entity, the records you have and what the reporting needs to support.
