Oil Marketing Analyst

Diamondback Energy•Midland, TX

About The Position

The Marketing Analyst will be responsible for processing contract documents for the Marketing Team and will need to coordinate with counterparts in other functions such as Regulatory to ensure efficient contract documentation and compliance. This role will support the Marketing Department as a point of contact involving acreage/lease trades with other companies. This role will also support developing and maintaining sales arrangements for Company-owned and controlled natural gas and oil production contracts.

Requirements

Associate’s Degree in Business, Accounting, Finance, or a related field
Proficient knowledge of Microsoft Excel, Access, and other analytical tools (Pivot Tables, VLOOKUP's, etc.)
Ability to red line and mark-up contracts
Ability to prioritize and handle multiple tasks and projects concurrently
Strong attention to detail
Ability to form strong working relationships across the organization
One (1+) years of experience with Microsoft Office Suite (i.e., Excel, Word, PowerPoint, Outlook)

Nice To Haves

Bachelor’s Degree in Business, Accounting, Finance, or a related field
A minimum of one (1) year of experience in an Oil or Gas marketing role
Understanding of gas settlement statements
Ability to read gas contracts and prepare briefs
Motivated self-starter capable of performing with minimal supervision
Good communication skills both verbal and written
Familiar with oilfield terminology and operations

Responsibilities

Analyze and coordinate the documentation of physical crude oil purchase/sale transactions
Assist the senior sales representatives with the marketing of Diamondback’s oil products
Aid the preparation and analysis of purchase, and transportation agreements
Compile economic spreadsheets and profit margin data
Create and update crude oil purchase agreements
Liaison and identify issues with the Regulatory department
Communicate and interact with traders, mid-office, and other corporate stakeholders to facilitate contract negotiation and administration
Analyze and support contract administration system maintenance
Recommend contract administration system improvements
Create, analyze and maintain Contracts Summary Report quarterly for accounting and banking requirements
Monitor invoicing to and payment from customers
Manage P-4 changes with the Texas Railroad Commission
Perform market research to maintain a working familiarity with U.S. oil and natural gas markets, identify new sales prospects, and monitor alternative or creative contract terms
Coordinate with counterparts at other producers or purchasers and vendors, as needed
Participate in regular external party meetings and make recommendations for new projects