O&G Federal Regulatory Accountant

Avisto Mangement•Houston, TX

2d•Hybrid

About The Position

The Oil & Gas Federal Regulatory Reporting Accountant is responsible for managing compliance with the Office of Natural Resources Revenue (ONRR) regulations. The Oil and Gas Regulatory Specialist will be responsible for compiling, reporting, auditing, and payment of ONRR-2014 Royalty reports. The specialist will also take on the task of reporting monthly OGORs. The ideal candidate will have a strong understanding of federal and state regulations related to oil and gas production and will work closely with various departments to ensure accurate and timely reporting.

Requirements

In-depth knowledge of ONRR regulations and reporting requirements
Strong analytical and problem-solving skills
Excellent attention to detail and organizational skills
Proficiency in regulatory compliance software and Microsoft Office Suite
Strong communication and interpersonal skills
Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
Minimum of 3-5 years of experience in regulatory compliance, preferably in the oil and gas industry.
In-depth knowledge of ONRR regulations and reporting requirements. This will include unbundling and sliding scale royalties.

Responsibilities

Prepare and submit accurate and timely reports to ONRR.
Ensure compliance with all federal and state regulations related to oil and gas production.
Monitor changes in ONRR regulations and assess their impact on company operations.
Maintain detailed records of all regulatory filings and communications.
Provide support to staff on regulatory compliance matters.
Conduct internal audits to confirm accuracy and compliance of regulatory submissions.
Respond to audits and data requests from the Office of Natural Resources Revenue (ONRR) and Bureau of Land Management (BLM).
Address discrepancies and proactively resolve issues related to compliance or reporting errors.
Coordinate with internal departments such as Accounting, Legal, Land, and Operations to obtain necessary reporting data.
Communicate with clients and internal stakeholders on matters related to compliance and federal obligations.
Provide subject matter expertise and support to internal teams on ONRR regulatory matters.