Description
The Revenue & Gas Balancing Supervisor oversees revenue accounting and gas balancing activities for operated and non-operated wells. This role ensures accurate revenue recording, royalty and production tax compliance, regulatory reporting, and gas imbalance tracking. The position supervises revenue processes, supports owner relations, and partners with operations, third-party vendors, and treasury to ensure timely and accurate revenue distribution.
This position is based in Fayetteville, Arkansas.
Duties & Responsibilities:
Revenue
- Record and process monthly revenue for operated and non-operated wells.
- Review and reconcile monthly state and federal royalty obligations; review and approve third-party (Petro Ledger) reports for submission and processing with applicable state and federal agencies. Generate payment requests through online portals and coordinate with Treasury to settle balances due.
- Review and reconcile state production taxes; review and approve monthly tax reports and payments prepared by third-party filing agent (Petro Ledger).
- Prepare and file required quarterly and annual reports for New Mexico and Oklahoma regulatory agencies.
- Execute and manage the monthly revenue close process within ODA.
- Maintain and update revenue decks to ensure accurate ownership, pricing, and distribution calculations.
- Maintain purchaser profiles, including contract terms, pricing indexes, and payment details.
- Maintain deduction mapping to ensure accurate allocation of post-production costs and revenue adjustments.
Owner Relations
- Respond to inbound owner relations inquiries via phone and email; document inquiries and resolutions in the owner relations register.
- Provide clear and timely communication to royalty and working interest owners regarding revenue, suspense, and payment matters.
Gas Balancing
- Maintain and reconcile gas balancing records for approximately 300 wells using Excel-based tracking system.
- Prepare and distribute monthly or quarterly gas balancing statements to working interest owners.
- Monitor imbalances and coordinate with operations and partners to resolve discrepancies as needed.
Additional Responsibilities
- Oversee onboarding of newly acquired wells, including well setup, owner setup, revenue template and deck configuration, owner notification letters, and suspense balance review.
- Supervise escheat reporting and payment processing in accordance with state-specific unclaimed property requirements.
- Prepare owner records for minimum suspense release; review and approve third-party (Petro Ledger) check runs and coordinate positive pay files with Treasury.
- Assist with annual budget preparation and revenue forecasting analysis.
- Prepare ad hoc financial and operational reports as requested by management.
- Other duties as assigned.
Requirements
- Bachelor’s degree in accounting, finance, or related field preferred; relevant work experience may substitute
- Minimum of five (5) years of oil and gas accounting experience
- Working knowledge of Microsoft Office tools including Excel and Outlook
- Must be deadline focused/driven
- Must be accurate, timely, and organized
- Ability to maintain confidential information
Physical Demands:
- Lifting heavy objects occasionally, up to 10 pounds frequently, and frequently small objects
- Sitting for long periods of time
- Walking jobs, standing, occasionally for extended periods
- Must have manual use of hands and vision to use computer constantly
Employee Benefits:
- Medical, Dental and Vision Insurance
- 401(k) – Company Match up to 5%
- Generous Paid Time Off (PTO)
- Paid Maternity and Paternity Leave
- Adoption Assistance and Leave
- Tuition Assistance
- And More!
