We are seeking an experienced and detail-oriented Revenue Accountant to join our client's accounting team in Houston, Texas. Reporting directly to the Controller, this position is responsible for accurately recording, reconciling, and reporting oil and gas revenue for upstream properties. The successful candidate will have a strong understanding of upstream revenue accounting, including production and sales volumes, pricing, ownership interests, purchaser statements, revenue distributions, accruals, and month-end close activities. The ideal candidate is analytical, organized, dependable, and able to independently research discrepancies and follow issues through to resolution.
Key Responsibilities:
Revenue Accounting
Record and process revenue for operated and non-operated properties, allocating amounts to appropriate properties, wells, owners, products, and general ledger accounts.
Review purchaser statements, remittance details, sales volumes, pricing, deductions, and ownership information for accuracy.
Analyze and reconcile oil, gas, and NGL revenue, related deductions, and purchaser payments.
Research and resolve discrepancies involving volumes, pricing, ownership, deductions, and payments.
Prepare revenue distributions, accounting entries, and prior-period adjustments in accordance with established schedules.
Review suspended revenue and assist with researching items for proper disposition.
Maintain accurate records and supporting documentation while communicating with purchasers, operators, owners, and internal departments.
Upstream Oil & Gas Revenue
Review production and sales information against purchaser statements and revenue records.
Apply contract and index pricing, differentials, transportation, processing, and other applicable adjustments.
Review division of interest and ownership changes to ensure proper revenue allocation.
Assist with owner inquiries and work with Production, Land, and field personnel to resolve volume, ownership, and revenue discrepancies.
Support accurate accounting for operated and non-operated properties and working interests.
Severance & Production Taxes
Calculate and remit state and local severance, ad valorem, and production taxes based on monthly production volumes and revenue.
Prepare and file applicable monthly, quarterly, and annual tax returns.
Reconcile tax liabilities and payments to underlying revenue and volume records.
Monitor tax rates, exemptions, and incentives (e.g., high-cost gas, marginal well, or enhanced recovery exemptions) across applicable jurisdictions.
Research and resolve tax discrepancies, notices, and assessments.
Stay current on tax laws, rates, and reporting requirements.
Support state agency and third-party tax audits with requested production, revenue, and tax documentation.
Month-End Close & Reconciliations
Prepare monthly revenue accruals using production, pricing, and available sales information.
Analyze actual revenue against accruals and investigate significant variances.
Prepare journal entries and ensure transactions are recorded in the appropriate accounting period.
Reconcile revenue accounts, receivables, purchaser balances, and assigned balance sheet and general ledger accounts.
Research and resolve outstanding reconciling items.
Provide revenue analysis and supporting documentation for financial reporting and internal and external audits.
Identify opportunities to improve accounting processes, controls, and efficiencies.
Experience Requirements:
Required Qualifications
3+ years of progressive revenue accounting or general accounting experience.
Strong understanding of accounting principles, reconciliations, journal entries, and month-end close.
Ability to analyze financial and operational data, research discrepancies, and resolve issues.
Strong attention to detail, analytical, organizational, and problem-solving skills.
Ability to manage multiple priorities and meet reporting deadlines.
Strong written and verbal communication skills.
Ability to work independently, take ownership of responsibilities, and follow issues through to resolution.
Preferred Qualifications
Prior upstream oil and gas revenue accounting experience.
Experience with oil, gas, and NGL revenue, production volumes, pricing, purchaser statements, and accruals.
Experience with operated and non-operated properties, working interests, and division of interest.
Experience researching revenue discrepancies, prior-period adjustments, and suspended revenue.
Experience with month-end close, account reconciliations, revenue analysis, and financial reporting.
Education Requirements:
Credentialing Requirements:
Experience with an oil and gas accounting system such as OGsys or similar software.
Experience with EnergyLink or similar oil and gas revenue and owner-information platforms.
Proficiency with Microsoft Excel and Microsoft Office.
Employment may be contingent upon successful completion of a background check and drug screen.
Physical Requirements:
- This position is fully in-office in Houston, TX.
Travel Requirements:
Compensation & Benefits:
- Starting at $100,000 annual salary
- Health, vision, and dental insurance
Target Hire Date: 1-2 weeks from application.
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