Revenue, Production & Severance Tax Accountant Job Duties:
Accruals – research outside operated sales on wells for a series of properties to provide an oil, gas, and ngl accrual on a monthly basis
Oklahoma gas production tax – prepare, file, and pay all Oklahoma gas production taxes and reconcile any differences
Oklahoma marketing cost reconciliation – compile all information to calculate an estimate for the current year’s tax deduction due to marketing costs and true up the deduction after year end
Oklahoma oil incremental tax – monitor the collection of tax refunds resulting from filed tax incentives
South Dakota production tax – prepare, file, and pay all South Dakota production taxes and reconcile any differences
Utah production and conservation tax – prepare, file, and pay all Utah production taxes including the annual production tax report and reconcile any differences
Utah stripper well calculation and Excalibur tax calculation set up
Gas balancing booking – prepare operated gas balancing reports and book the related revenue entries
Gas balancing status report – record the current imbalances on the status report for both operated and outside operated properties and provide to management and engineers
Gas balancing imbalances – work with operators of outside operated properties to reduce imbalances
Revenue, Production and Severance Tax Accountant Qualifications:
Accounting degree required/ or industry experience equivalent
Two years of experience in oil & gas revenue accounting
Knowledge of revenue accrual concept
Experience with production severance tax reporting preferred
Experience with gas balancing preferred
Keywords: Revenue Accountant, Severance Tax Accountant, Production Accountant