Lease Revenue Accountant

MV Purchasing.•Oklahoma City, OK

About The Position

MVP Holdings is a privately owned energy logistics company headquartered in Wichita, Kansas, providing midstream services across the United States. The Lease Revenue Accountant reconciles monthly crude oil purchased volumes and verifies pricing to prepare and process crude oil purchase statements and distribute revenue to owners. The position also assists with state and federal compliance reporting. It is expected to fulfill 40 hours per week, with potential flexibility to work from home up to two days per week. The role works collaboratively with lease analysts and division order analysts to support efficient monthly processes, reporting, and data flow. It also assists management and corporate accounting, tax reporting, audits, acquisitions, due diligence, data conversions, and other special projects. The successful candidate will have working knowledge of crude oil run tickets, run statements, transporters, and revenue distribution, along with strong reconciliation and problem-solving skills.

Requirements

Strong proficiency in Microsoft Office, particularly Excel.
Strong analytical and problem-solving abilities, including troubleshooting software and processing issues.
Ability to meet deadlines and produce results under tight deadlines.
Excellent organizational skills, attention to detail, and a high level of accuracy.
Strong verbal, written, and interpersonal communication skills to interact with team members at all organizational levels.
Ability to perform multiple tasks simultaneously and under time constraints.
Ability to maintain and process confidential information discreetly.
Willingness to accept constructive feedback.
Ability to work effectively in a team environment.
Four-year accounting degree or equivalent experience.
At least 3 years of oil and gas accounting experience with knowledge of industry terminology.
Working knowledge and experience with crude oil run tickets, crude oil run statements, crude oil transporters, and the crude oil revenue distribution process.
Valid driver’s license preferred.
Ability to perform simple motor skills and gross body coordination, including standing, walking, bending, stooping, filing, and sitting.
Ability to sit, view data, and work on a computer for prolonged periods.
Ability to push, pull, and occasionally lift 25 pounds.

Nice To Haves

Past experience with an oil and gas midstream company.
Production and severance tax experience.
Knowledge of PakEnergy (WolfePak) or similar oil and gas software.
Valid driver’s license.

Responsibilities

Reconcile and upload truck tickets.
Prepare sub-well allocations.
Process owner adjustments, including reject recoveries.
Process and distribute operator run statements.
Reconcile volumes and pricing.
Process distribution payments, PPAs, and early payments to operators.
Prepare balance sheet reconciliations.
Assist with compliance reporting, including BIA, GLO, ONRR, and Texas RRC T-1 filings.
Review and assist with suspense adjustments and cleanup.
Process escheat payments.
Review and process voided payments.
Collaborate with lease analysts and division order analysts to support efficient monthly processes.
Assist with reporting to management, corporate accounting, and others.
Assist with annual 1099 and 1042 preparation and other tax reporting.
Assist with acquisitions, due diligence, internal and external audits, data conversions, and other special projects as needed.
Perform other duties and responsibilities reasonably assigned by management.
Improve existing processes and challenge current processes.