Non-Op Production Analyst

Job Details

Job Location
Corporate Headquarters - Oklahoma City, OK

Mach Resources

Our Company: Fast-paced and growth-oriented, we use our wealth of experience gained from decades of exploration in America's top producing basins. Agile and opportunistic in strategy, yet precise in execution, we provide tremendous potential for investors, employees and our community. We are always on the lookout for potential team members who are driven to make things better and live quite simply by the Golden Rule.

Our Strategy: We focus on acquiring, exploring and developing high-return, low-cost projects, and pursuing assets with production history and development opportunity.

Our Culture: We are intent on breaking barriers-in the industry, throughout our communities, and among individuals. Consumed by the desire to make things better, we have a flat, collaborative environment where everyone's ideas are heard and encouraged.

Job Descriptions

Mach Natural Resources is seeking a highly detail-oriented and analytical Non-Operated Production Analyst to join our Production team. The Analyst will oversee Non-Op production volumes, analyze Non-Op financial performance, validate Non-Op Joint Interest Billings (JIBs), and support the Non-Operated Well Election process. This role requires close collaboration with the Accounting, Land, and Operations teams, as well as external partners, to ensure the accuracy, compliance, and optimal management of our non-operated portfolio.

Key Responsibilities:
•JIB Review and Validation: Serve as the primary Production department reviewer for all incoming Non-Operated JIBs. Analyze charges for validity against AFEs, work performed, and operational context. Coordinate with Accounting to resolve discrepancies and provide departmental approval for JIB processing.
•Production Monitoring & Analysis: Monitor and assess production data (volumes, trends, downtime) from non-operated assets. Compare actual performance against forecasts and partner reports, identifying variances and collaborating with partners to address discrepancies.
•Financial Oversight: Track and analyze key financial metrics (revenue, LOE, capital expenditures) associated with non-operated assets. Identify trends, potential risks, and opportunities for optimization. Communicate findings to management to support data-driven decision-making.
•Non-Op Well Election Support: Assist the Production team with the Non-Op Well Election Process by tracking incoming proposals (AFEs), coordinating internal reviews, communicating decisions, and maintaining accurate documentation. Ensure timely and efficient decision-making processes.
•Data Management & Reporting: Compile, organize, and analyze datasets related to non-operated production, financials, JIBs, and well elections. Generate regular and ad-hoc reports, summaries, and presentations for management to ensure visibility and informed decision-making.
•Partner Communication: Engage with operators and joint venture partners to exchange operational updates, respond to information requests, address JIB inquiries, and facilitate election coordination. Build and maintain strong, positive working relationships with external stakeholders.
•Compliance & Agreement Adherence: Ensure all activities related to non-operated assets comply with Joint Operating Agreements (JOAs), regulatory requirements, and internal policies. Apply relevant JOA provisions when reviewing JIBs and overseeing operations.
•Process Improvement: Identify opportunities for process optimization, such as improving data accuracy, increasing efficiency, and reducing operational costs related to non-operated asset management.

Qualifications:
•Education: Bachelor's degree in Business, Finance, Energy Management, Petroleum Data Science, or a related analytical field.
•Experience: 2-5 years of relevant experience within the oil and gas industry, with a focus on non-operated assets, production analysis, JIB review/analysis, or AFE processes.

Skills:
•A proactive mindset and the ability to work independently, demonstrating a high degree of initiative and ownership.
•Strong analytical and problem-solving skills, with an ability to work with financial and operational data.
•Strong organizational skills, capable of managing multiple priorities and meeting deadlines with minimal supervision.
•Understanding of oil and gas operations, billing/election processes, COPAS accounting principles, JIB formats, and JOA concepts.
•Excellent communication skills (both written and verbal), with the ability to engage with internal and external stakeholders effectively.