Petro-Hunt, L.L.C, a Dallas, Texas mid-sized independent Oil and Gas Exploration Company, is seeking a Revenue Production Accountant for its Uptown Dallas office.
About Petro-Hunt, L.L.C.
Petro-Hunt, L.L.C. is a privately held independent oil and gas company headquartered in Dallas, Texas. Owned and operated by the William Herbert Hunt family, Petro-Hunt and its affiliates are actively engage in various industries with a primary focus in the oil and gas industry.
Our company traces its roots to the 1920s, when the legendary H.L. Hunt entered the oil and gas business in El Dorado, Arkansas, and later played an active role in developing the East Texas Oil Field from the drill test of the Daisy Bradford #3.
Today, Petro-Hunt is a Top 10 Private Liquids Producer in the U.S. with operations in six states. We are more than just an oil and gas company Petro-Hunt actively purchases minerals and royalties, owns and operates a gas processing facility, is part owner of an oil refinery, actively invests in real estate development, and operates a private equity alternative investment division.
Job Summary
The Oil and Gas Revenue Accountant will be responsible for the accurate and timely recording, analysis, and reporting of oil, gas, and NGL production and revenue for the company's producing properties. This role requires a strong understanding of oil and gas accounting principles and regulatory reporting requirements. The ideal candidate is detail-oriented, analytical, and proficient with industry-specific software.
Essential Duties and Responsibilities
Revenue Accounting and Reporting :
- Calculate, analyze, and record monthly oil, gas, and NGL revenue for operated and non-operated properties.
- Perform detailed review and analysis of purchasers' statements, ensuring accuracy and proper accounting of volumes, prices, and deductions.
- Prepare and process journal entries related to revenue, transportation, processing, and taxes.
- Reconcile revenue-related general ledger accounts monthly and investigate and resolve discrepancies in a timely manner.
Volume and Production Management :
Work closely with Production and Operations teams to ensure accurate and timely reporting of production volumes.Reconcile production volumes reported by operators / purchasers to internal records.Tax and Regulatory Compliance :
Prepare and file necessary state and federal severance / production tax returns (e.g., Texas PR, ONRR, etc.).Ensure compliance with all relevant industry regulations, including those related to revenue recognition (e.g., ASC 606).Assist with internal and external audits by preparing schedules and providing necessary documentation.Analysis and Support :
Work with Land Administration to process prior period adjustments for changes in ownerships.Respond to and resolve owner inquiries regarding revenue payments and statements.Required Qualifications
Education : Bachelor's degree in Accounting, Finance, or a related field.Experience : [2-5+] years of experience in oil and gas revenue accounting.Knowledge : Comprehensive knowledge of Generally Accepted Accounting Principles (GAAP) as applied to the oil and gas industry.Technical Skills :Proficiency with enterprise-level oil and gas accounting software (e.g., SAP, Quorum, P2, Enverus / EnergyLink).
Advanced Microsoft Excel skills (pivot tables, VLOOKUPs, advanced formulas).Experience with regulatory reporting platforms.Preferred Qualifications
CPA designation or actively pursuing certification.Experience with major basins and state / federal regulatory filings (e.g., Texas, North Dakota, Montana, etc.).Public accounting experience, particularly with oil and gas clients.Key Competencies
Exceptional attention to detail and accuracy.Strong analytical and problem-solving skills.Ability to manage multiple deadlines and prioritize tasks effectively.Excellent written and verbal communication skills.Proven ability to work independently and as part of a team.What we offer
Fast paced, well-funded, aggressive work environment in a stable, private companyCompetitive salaryHighly competitive benefit programs8% 401K matchLunch provided Monday-ThursdayParking provided