Welcome to KaLeut Strategies Inc - services

By: Kaleut Strategies  09-12-2011
Keywords: Accounting, oil and gas, Dispute Resolution

Choose Kaleut for all your accounting needs.

Revenue and Production Accounting

Our staff is experienced in all facets of production and revenue accounting, including:

  • Collection and processing of field data
  • Plant and sales allocations
  • Processing volumetric data and royalties
  • Partner splits
  • Government reporting
  • Recording of processing charges

Marketing Accounting

Our staff are experts in this critical and deadline driven area of your business and can ensure that the accounting for your Oil, NGL and Natural Gas transactions is accurate, timely and complete:

  • Verification of pricing
  • Allocation of revenues to appropriate sources and pools
  • Liaising with your Production Accountants, Marketers and pipeline companies
  • Government reporting, such as the reporting of trucked volumes for owned pipelines, submission of Forms A and B and compliance with various other (province specific) requirements
  • Recording of related receivables/payables in your accounting system
  • Providing assistance in the resolution of queries
  • Our staff’s background in other disciplines (such as financial accounting and operations) facilitates cross-departmental communications of your marketing segment with other parts of your organization

Joint Venture Accounting

Our staff is experienced in all aspects of joint venture accounting.

Non-operated JV Billing cycle:

  • Monthly analysis and booking of operator's JV Billings utilizing JIBLINK
  • Account reconciliations and follow up with operators

Operated JV Billing cycle:

  • Resolution of inquiries from joint venture partners

Facility Fees

We provide comprehensive solutions to account for the usage of oil and gas facilities. Both from an operator's or user's point of view, we can ensure that your company receives or invoices for the services with respect to Gas Plants, Compressor Stations, Dehydrators, Oil Treating and associated pipeline infrastructure.

Dispute Resolution

We can provide resolutions for all aspects of oil and gas disputes and prevent costly litigation.

Royalty Income

The receipt of your correct share of royalty income is an often overlooked aspect and presents a significant opportunity for recoveries. With the application of appropriate procedures, we can assist you in the identification of instances where amounts are due to your company.

Joint Venture Audits

Audits include the following:

  • Identification of audit targets
  • Co-ordination with other joint venture partners
  • Scheduling of audit
  • Conducting the audit and resolution of exceptions
  • Preparation of Audit Report

Types of Audits

  • Capital, Operating Cost
  • Revenue
  • Payout
  • Custom Processing
  • Net Profit Interest

13th Month Adjustments

Year-end calculations or "13th month adjustments" adjust the user's share of operating costs to reflect the actual usage of a facility. If you are the operator of the facility, we can perform all necessary calculations for you. If you are the partner or user of the facility we can review the 13th month adjustment you receive from the operator.

Mergers and Acquisitions (M&A)


Accounts Receivables are a contentious issue in all industries. As a major driver of cashflow, receivables are paid at the latest possible moment. We can assist in collecting receivables, decreasing your company's exposure to bad debt.

© 2009 KaLeut Strategies Inc.

Keywords: Accounting, Dispute Resolution, joint venture, Joint Venture Audits, oil and gas, Royalty Income,

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