EAG · 4 hours ago
Oil & Gas Revenue Accountant
Greater Houston
Full-time
Hybrid
Mid Level
3+ years expEAG is a dynamic and growing Consulting, IT, and Back Office Outsourcing firm focused on driving customer success. They are currently seeking an Oil and Gas Revenue Accountant with experience in revenue allocations, processing revenue settlements, and account reconciliations. The role requires strong analytical and organizational skills to manage revenue-related tasks and ensure compliance with state and federal obligations.
AdviceConsultingOil and Gas
No H1B
Responsibilities
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
Qualification
Required
Bachelor's degree in accounting, finance, or related field of study is preferred
3+ years of experience in onshore/offshore revenue accounting
Experience calculating and submitting severance taxes State regulatory reports
Detailed understanding of the revenue distribution process
Experience conducting month-end account reconciliations
Working knowledge of plant and pipeline statements
Advanced proficiency with MS Excel including pivot tables, 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 organizational skills
Experience operating within a team
Experience with revenue accounting systems such as SAP, Quorum OnDemand Accounting, Quorum Enterprise, Bolo, Excalibur, Enertia and/or W Energy
Experience with EnergyLink
Must be eligible to work for ANY employer in the United States; we are unable to sponsor H1B applicants at this time
Preferred
Experience generating Gas Balancing Statements desirable but not required
Exposure to other aspects of oil and gas accounting (JIB, Production Accounting, Financial Reporting) desirable
Company
EAG
EAG is a consulting, back-office outsourcing, and IT outsourcing firm for the oil and gas industry.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Elizabeth Gerbel
Chief Executive Officer
Recent News
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