May 3, 2021   SOURCE: BusinessWire

Avisto Capital Partners, LLC merges Eddye Dreyer and The Resource Group to form PetroLedger, a Nationwide Leader in Oil and Gas Accounting and Transaction Services

The Partners at Avisto are proud to announce the formation of PetroLedger, a national leader in financial and transaction services for the oil and gas industry. Effective May 1, 2021 clients benefit from the combined resources and experience of over 70 employees in four cities and three states. More strategically, PetroLedger is positioned to service future clients' outsourcing requirements across multiple software platforms for any back-office support needs.

“Having operated the businesses independently for over two years, we believe the combination of these legacy companies will better serve our current and future clients by providing unlimited access to our experienced personnel, a broader scope of software and technology, and best in class business processes,” said Chad Smith, Partner at Avisto.

“The uncertain environment in 2020 was a catalyst for change, and we decided to aggressively move forward and prepare PetroLedger to meet the existing and emerging needs our clients are experiencing. More than ever, oil and gas companies are seeking to reduce overhead costs, maintain quality and free up management time to focus on profitability value added growth opportunities. Our clients agree that launching PetroLedger will permit us to accommodate their increased demand, expand our offering and optimize the delivery of our premier level of outsourced back-office services,” he concluded.

The PetroLedger mission is to serve our oil and gas clients' transactional outsourcing needs with talented people, best-in-class technology and industry experience. With office locations in prominent energy cities and fields, our ability to hire and train talent brings us the best and brightest minds in oil and gas accounting.

To learn more about our mission, vision and values and see where PetroLedger can take your company, visit us at www.petro-ledger.com.

PetroLedger is a nationwide leader in providing transaction services for the oil and gas industry. We focus on people and process, making sure the right person is doing the right work at the right time. Supported by over 70 employees across the nation, we support a full suite of transactions services, gas plant settlements, division orders, mineral interest management and regulatory requirements.

Avisto Capital Partners, LLC. is a San Antonio-based privately held investment, management and development company that builds and acquires regional best-in-class technical consulting and accounting solutions and services for the oil and gas industry. We focus on exits for small or medium sized oil and gas accounting principles that protect the interest of your company, employees and clients.