A Houston-based oil and gas E&P company acquired an interest in onshore operations at the end of 2008. The company is searching for a candidate who will have property accounting responsibilities associated with these operations.
Primary responsibilities will include the following:
- Track Cash calls and related prepaid accounts.
- Assist Tax department with tax basis tracking and quarterly provision as necessary.
- Perform required SOX control procedures and maintain related documentation.
- Monitor capital spending and tracking of Promoted Well Cost progress, actual and committed, toward annual contractual Carry Amount Tranche.
- Confirm and maintain property ownership with Land Department.
- Cooperate with other departments in providing information as required or requested.
- Prepare reconciliations and variance analysis for all onshore property activities
- Process monthly Joint Interest Billing statements for natural gas properties.
- Record monthly capital accruals for natural gas properties.
- Process Promoted Well Cost invoices.
Record monthly DD&A for natural gas properties until Asset Management system is loaded