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Revenue Accountant

Houston, TX
Revenue Accountant Summary:

Our client is currently seeking a Revenue Accountant with onshore mid-continent operated and non-operated revenue accounting and gas balancing experience.
Revenue Accountant Responsibilities:
The Revenue Accountant is responsible for handling all aspects of oil and gas revenue accounting including but not limited to:
  • Property master review.
  • Coordinating with Production Accounting and understanding production allocations, ensuring revenue settlements are booked in alignment of that data.
  • Coordinating with Title and Lease Administration on Division of Interest maintenance and ownership transfers.
  • Managing revenue related cash receipts and reconciliation to purchasing statements for product sales.
  • Verifying revenue contract pricing.
  • Analyzing sales volume determinations and meter volume data
  • Recording revenue and revenue related taxes and deducts for all products for both operated and non-operated properties.
  • Generating revenue sales accruals.
  • Compiling and creating gas balancing statements.
  • Creating shipper statements for midstream clients.
  • Processing Prior Period Adjustments (PPA’s).
  • Reporting and payment of state and federal royalty and tax obligations.
  • Coordinating with Production Reporting to reconcile production and revenue reporting to state and federal regulatory agencies.
  • Conducting revenue reconciliations and variance analysis for purchaser receivable, royalty, suspense, taxes payable accounts, etc.
  • Participating in period closing activities, including processing of Prior Period Adjustments (PPA’s).
  • Assisting with owner relations inquiries.
  • Following internal procedures and internal control policies.
  • Assisting in internal and external audits.
  • Assisting in other oil and gas accounting activities and special projects as needed, such as annual 1099 report generation and escheatment activities.
  • Assisting in the training of entry level revenue accountants.
 Experience & Education Requirements:
  • Bachelor’s degree in accounting, finance, or related field of study is required.
  • Experience in onshore/offshore revenue accounting including calculating and submitting severance taxes, filing ONRR and State regulatory reports plus exposure to other aspects of oil and gas accounting (JIB, Production Accounting, Financial Reporting)
  • Detailed understanding of the revenue distribution process.
  • Detailed understanding of gas balancing and pricing.
  • Working knowledge of plant and pipeline statements.
  • Advanced proficiency with MS Excel (pivot tables, lookup, vlookup functions).
  • Intermediate proficiency in MS Word.
  • High attention towards detail and accounting analysis.
  • Advanced analytical and problem-solving skills.
  • Strong work ethic and excellent organization skills
  • Experience operating within a team.
  • Experience with revenue accounting systems such as SAP, Bolo, Excalibur, Enertia and/or Waterfield.


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