A trio of investors from San Antonio bought and is looking to expand a Dallas-based bookkeeping company known for its focus in the oil and natural gas industry.

Chad Smith, Scott Phipps and John Summers, who are best known from their work at San Antonio-based One Cypress Energy LLC, bought Eddye Dreyer Financial Services LLC earlier this year. Financial terms of the deal were not disclosed. With the purchase, the investors have a footprint in Dallas, Houston and San Antonio. The company provides joint interest billing, revenue distribution, division order analysis, lease operating statements and other services to mineral owners, royalty owners, private equity groups, and exploration and production companies.

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SOURCE: San Antonio Business Journal

About Eddye Dreyer Financial Services, LLC

AvatarEddye Dreyer Financial Services began with a simple thought in mind: E&P operators are often not fully equipped to perform the complex accounting required for the management of oil and gas assets. At the same time, it can be prohibitively expensive to maintain a full-time staff of specialized bookkeepers and in-house accountants. That’s where we come in.

As a subsidiary of San Antonio-based Avisto Capital Partners, Eddye Dreyer Financial Services is a best-in-class oil and gas bookkeeping firm specializing in comprehensive bookkeeping, mineral interest management, financial consulting, and regulatory compliance services. With more than 50 experienced oil and gas bookkeepers, controllers, analysts and landsmen, we have become leaders in the oil and gas industry with specialized expertise in the latest laws, methods, and technology.

As the exclusive preferred partner of WolfePak oil and gas accounting software, we are able to offer a complete suite of solution for clients looking to outsource their bookkeeping and back office operations.