On today’s episode of the podcast, Phil is joined by his friend and business mentor, Robert “Butch” Rogers. Butch is a CPA who has his own accounting business and also works as a consultant for other CPA’s and producers in the oil and gas industry and as a contract CFO for a few oil and gas companies. Phil and Butch share how they got to know one another, how they both ended up living in Ohio and how Phil got started with his business, SherWare software 25 years ago. They chat about how Butch helped Phil with accounting items to include in his software and how SherWare software continually evolves according to the customers’ needs.
3:35 How Phil and Butch got to know each other
4:07 Leaving Texas and starting his own CPA business
5:37 Finding his niche as a CPA
7:38 Butch noticing that oil and gas clients didn’t have great accounting software
9:06 How Butch helped Phil with writing the SherWare software
11:50 Phil figuring out that he needed to focus on oil and gas
13:40 How SherWare has grown organically and been tailored to customers
16:10 The ease of reporting that comes with SherWare
19:56 What smaller, independent producers are currently facing in the oil and gas industry
24:01 Working as a contract CFO and a consultant for other CPA’s and smaller producers
25:11 What Butch’s accounting firm will be doing next
26:33 How the numbers tell a story in accounting
Robert “Butch” Rogers is a Certified Public Accountant with a Master’s Degree in Taxation from Texas Tech University. He is a CPA in Wooster, Ohio and is a partner in the CPA firm Rogers Accounting Solutions, Inc.
Butch has over 35 years of experience working in and with clients in the oil and gas industry. As a college student, he worked as a roustabout in West Texas. Upon graduating from college he worked for Gulf Oil as a business administration trainee, working in the Midland, Texas district office and the Monahans, Texas field office. He gained valuable oil and gas tax experience working with Coopers and Lybrand in Lubbock, Texas. During his time as a practicing CPA, Butch served a number of small independent producers as a trusted tax and business advisor.
His speaking experience includes conducting continuing education seminars and webinars for various state societies of CPAs, Ohio Oil and Gas Association, COPAS, and Bisk Education.
In this episode of the podcast, Phil sits down with a few vendors in the oil & gas industry while at the National American Petroleum Accounting Conference (NAPAC) in Dallas, TX. He chats with each vendor about the company that they work for and what products and services they offer for their clients. You will hear about different companies that help make running an oil and gas business a lot easier. If you have been looking to simplify your oil and gas business, then you will want to tune in and hear about these vendors offer.
2:20 What Eddye Dreyer Financial Services does
3:56 The consulting services offered through Eddye Dreyer
6:06 Transition processing
7:17 How Magnum Forge helps clients choose software and implement it
8:38 Partnering with software vendors
10:42 Bridging the gap between the business and technology
13:29 Business advocates with Stinnett Associates
15:20 Mitigating risks for clients
18:24 Taking care of the backend accounting with JC Data Services
21:58 Saving clients money by eliminating unnecessary steps
25:45 Helping clients with inventory management with B & L Pipeco
28:22 The products and services B & L Pipeco offers
32:16 Finding experienced oil & gas retirees to write courses
33:17 What continuing education looks like in oil and gas
36:36 Live action classes vs. web-based classes
38:02 Planning for the NAPAC Conference
Eddye Dreyer Financial Services:
Eddye Dreyer Financial Services was founded to provide specialized bookkeeping for the oil and gas industry. From our humble beginnings around a kitchen table to our current offices in Dallas and Houston, much has changed in nearly thirty years. One thing that hasn’t changed, however, is our commitment to providing accurate and reliable back office services. From joint interest billing and division orders to revenue distribution and regulatory filings, Eddye Dreyer is your partner for oil and gas bookkeeping.
Magnum Forge works exclusively with midsize to large independent exploration and production companies. We lead successful ERP selections and implementations every day with our expertise in the oil and gas industry’s software packages. Let us help you scope your needs and determine your organization’s readiness.
Stinnett is a professional advisory firm that strives to maximize value for public and private companies. As a certified Women’s Business Enterprise, we serve Fortune 500 and Fortune 1000 companies and small-to-large size organizations with global operations.
JC Data Services:
JC Data Solutions is a complete business solution partner. Our flat-rate maintenance plans are designed to optimize your network performance and reduce IT support costs, allowing you to focus on your bottom line, not your technology.
JC Data Solutions has over 80 years of combined experience to serve the southern Utah area. Our promise to you…” We will provide you with the best technical services in the St. George area, utilizing experienced, highly trained staff and the best customer experience you have ever had from a technology solutions company. We will make it right or your money back”
B & L Pipeco:
Consistently adhering to a customer-focused mindset and a profound sense of urgency, our customers can rely on B&L Pipeco Services to fulfill their needs 24/7/365. Our immediate response services are backed by our vast customer base of several large and small independent operators. This enables us to provide cost advantages through economies of scale and allows us to pool inventory for quick ramp up or dissolution of casing inventory. B&L Pipeco Services entails a network of products, including unrivaled mill sourcing for OCTG, vast selection of premium connections and tubular accessories, and state-of-the-art production storage tanks. Our logistics company, InCompass, is the fabric that ties all our products and services together. As a leader in the transportation industry, InCompass Logistics provides service, value, and solutions for all of our customers’ needs. We are not just another OCTG distributor. Our network of experts helps us constantly focus on how to take the pain away from our customers.
PDI’s world-renowned Energy division delivers top quality Continuing Professional Education to the energy business – training that is on target, on-site and on budget. Each of our program authors/instructors is a “been there, done that” professional with outstanding industry knowledge coming from decades of industry experience. All instructors have the skills to communicate, at any level, the material your employees need to be more effective.
NAPAC brings petroleum industry professionals together for two days of intense and important educational sessions enhanced by lively, productive discussions. Each year, NAPAC features topical general sessions and detailed, track-based concurrent technical sessions, as well as annual reviews of important legislative updates. The conference provides access to outstanding industry experienced speakers from both the government and private sectors and informative exhibits from leading industry vendors. This perennial favorite, considered by many to be the premier oil and gas industry accounting conference, has been running for more than 40 years and remains a very highly regarded and well-attended event.
Eddye Dreyer Oil & Gas: Website | Contact
Magnum Forge: Website | [email protected]
Stinett Associates: Website | Contact
JC Data Solutions: Website | Contact
B & L Pipeco: Website | Contact
PDI: Website | [email protected] | NAPAC Conference
Thanks to technology advances, automation, and remote tracking are simplifying the way those in the field and the back office work together, creating more efficient companies that are safer, more agile and getting profitable faster.
On today’s episode, Phil Sherwood talks with Greg Archbald, CEO of Greasebook and Ken Sigmon, Marketing Manager for Blue Tick, Inc. They discuss the changing landscape for those in the field in the oil and gas industry and their respective applications and automation offerings.
Here are some of the things you can look forward to in this episode:
• How to simplify how the back-end office gets data from the field
• How automation is coming down the pike in the oil and gas industry
• Why remote tracking in the field is making everyone safer
• How robotics could change the landscape for pumpers and more in the field
Connect with Greg Archbald
Bio: Greg Archbald, founder of GreaseBook, graduated from the Honors College at the University of Oklahoma in 2005 where he received a dual degree in Energy Management and Finance. In 2010, Greg was invited to attend ESADE’s Global MBA program on scholarship in Barcelona, Spain, ranked by both Financial Times and Business Week as one of the top international business schools in the world.
While attending ESADE, Greg was introduced to some of the mobile industry’s brightest mobile app design and development specialists. By combining their knowledge with the exposure he gained from working at his family’s business, SSI, Greg immediately recognized how much the owners of oil & gas operating companies stand to profit from mobile apps in the form of increased oil production and awareness of the employee efforts that directly affect the bottom line.
Connect with Ken Sigmon
Bio: Ken Sigmon is the Sales and Marketing Manager for Bluetick Inc. Bluetick provides innovative cloud-based full end to end remote monitoring solutions for the upstream and midstream oil and gas industry. He received his MBA from Wake Forest University and undergraduate degrees from Guilford College, B.A.Sc in Management and Guilford Technical Community College, AAS in Electronics Engineering Technology. He spent twenty-seven years in the semiconductor industry working for Analog Devices (Sensors and Measurement) and RF Micro Devices now Qorvo (RF Telemetry) prior to making a change into the oil and gas industry utilizing his MBA education in strategic business development roles.
Growing and running a business in the 21st century, no matter what industry you’re in, requires knowing a little bit of everything, while still specializing in what makes your business so successful.
If that wasn’t enough, throw in the technicality of the oil and gas industry, the ups and downs and regulation changes, and you’ve inherited the role of 10 people, and that’s just during business hours.
On today’s episode learn about 9 productivity/organization + communication tech tools that make automating your office a breeze.
Here are some of the things you can look forward to in this episode:
• The best app for communication among all departments (in office and in the field)
• How to stop mindless data entry
• The best free alternative to Office (that never has to be saved!)
• How to watch your company’s PR image
Like these tools? Download our free CEO Toolkit: 125+ Tools, Favorites + Freebies to Scale Your Oil & Gas Business
Connect with Mallory Schlabach
Mallory is the marketing strategist and customer happiness expert at SherWare, Inc. We specialize in oil and gas accounting software for operators, accountants, and investors to help you simplify distributions and manage investments. Find out more about us at SherWare, Inc.
On today’s episode, Corey Scott, and Phil talk about how EnergyLink helps operators and royalty partners get paid faster with fewer disputes and simplifying the communication by looking at the data.
Dive into this episode that will change how you think about technology in your business.
Corey Scott currently serves as the U.S Sales Director at Red Dog Systems, Inc., a Calgary based software company that provides cloud-based solutions to customers involved in Joint Interest Billing, Revenue accounting and Owner Relations. Prior to joining Red Dog Systems in 2008, Corey worked at ConocoPhillips, helping to implement and manage the company’s Joint Venture accounting software products. He is a graduate of Oklahoma State University, where he received his Bachelors Degree in Finance.
Grab the CEO Toolkit: 120+ Tools, Favorites & Freebies to scale your oil & gas business no matter what the industry looks like for free!