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Jobs at MV Purchasing, LLC (Now Hiring) — 1 open

MV Purchasing, LLC logoMV Purchasing, LLC

Lease Revenue Accountant

Oklahoma City, Oklahoma, United States · Hybrid

Mid level

Description MVP Holdings is a privately owned energy logistics company headquartered in Wichita, KS. MVP and its subsidiaries provide gathering, transportation, processing, storage, distribution, marketing and other mids…

Skills: Lease Accounting, Revenue Distribution, Reconciliation, Compliance Reporting, Microsoft Excel

MV Purchasing, LLC logo

Lease Revenue Accountant

MV Purchasing, LLC

Oklahoma City, Oklahoma, United States • Hybrid

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Mid levelHybrid · 3 days in office

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  • Full-time
  • bachelor degree
  • Competitive Benefits, 401k Match
  • Posted 12d ago
  • ~40 hrs/week

Responsibilities

The role involves reconciling monthly crude oil volumes and pricing to process purchase statements and revenue distributions to owners. Additionally, the accountant handles state and federal compliance reporting and assists with audits and tax preparation.

Requirements

Candidates need a 4-year accounting degree and at least 3 years of experience in oil and gas accounting. Proficiency in Microsoft Excel and familiarity with industry-specific software like PakEnergy is preferred.

Full job description

Description

MVP Holdings is a privately owned energy logistics company headquartered in Wichita, KS. MVP and its subsidiaries provide gathering, transportation, processing, storage, distribution, marketing and other midstream services to independent oil and natural gas producers, refiners of petroleum and products and other market participants located throughout the United States.

It's exciting times and our team is growing! We are looking for a Lease Revenue Accountant to join us in reconciling monthly crude oil purchased volumes and pricing verification for preparation and processing of crude oil purchase statements through revenue distribution to owners. This position will also assist with State and Federal compliance reporting.

The ideal candidate for this role will be a strong problem solver and have working knowledge and experience with crude oil run tickets, crude oil run statements and crude oil transporters. They should be able demonstrate their working knowledge of the crude oil revenue distribution process and strong reconciliation skills. Additionally, they are collaborative, working closely within the department to streamline reporting and data flow. We offer competitive benefits and our 401K has a $1:$1 match up to 6% and is fully vested immediately. While this position is expected to fulfill the full 40 hours per week, there are potential options to have autonomy to work from home up to two days per week.

Essential Functions

  • Execute various lease accounting and compliance processes, including
    • Truck ticket reconciliations and uploads
    • Sub-well allocations
    • Process owner adjustments, such as reject recoveries
    • Process and distribute operator run statements
    • Reconcile volumes and pricing
    • Process distribution payments
    • Process PPA’s
    • Process early payments to operator
  • Prepare balance sheet reconciliations
  • Assist with various compliance reporting, including BIA, GLO, ONRR, and TX RRC T-1’s
  • Review and assist with suspense adjustments and clean-up
  • Process Escheat payments
  • Review and process voided payments
  • Collaborate with lease analysts and division order analysts to ensure efficient monthly processes
  • Assist in reporting to management, corporate accounting, etc.
  • Assist with annual 1099 and 1042 preparation and other tax reporting.
  • Assist with acquisitions, due diligence, internal/external audits, data conversions, and other special projects as needed.
  • Complete other duties and responsibilities as reasonably assigned by management.
  • Improve upon current processes and challenge existing processes.

Requirements

Knowledge, Skills, Abilities

  • Strong proficiency in Microsoft Office, specifically Excel.
  • Strong analytical and problem-solving abilities, with the ability to troubleshoot software and processing issues.
  • Ability to meet deadlines and produce results under tight deadlines.
  • Excellent organizational skills, attention to detail, and ability to perform with a high level of accuracy.
  • Strong verbal, written, and interpersonal communication skills to interact with team members at all levels of the organization.
  • Able to perform multiple tasks simultaneously and under time constraints.
  • Able to maintain and process confidential information discretely.
  • Willingness to accept constructive feedback.
  • Able to work effectively in a team environment.

Education, Certifications, License

  • 4 year Accounting degree or equivalent experience.
  • Valid Driver’s License, preferred.

Work Experience

  • 3+ years experience in oil & gas accounting with knowledge of industry terminology.
  • Past experience with oil & gas midstream company preferred.
  • Production and severance tax experience preferred.
  • Knowledge of PakEnergy (WolfePak) or similar oil and gas software.

Physical Requirements

  • Ability to perform simple motor skills and gross body coordination such as standing, walking, bending, stooping, filing, sitting, etc.
  • Ability to sit, view data, and work on a computer for prolonged periods of time.
  • Ability to push, pull, and lift 25 lbs occasionally.

Travel

  • 0-5%

Related keywords

Oil & GasMidstreamLease RevenueCrude OilRun TicketsBIAGLOONRRTX RRC T-1PPAEscheat Payments10991042PakEnergyWolfePakRevenue Distribution

About MV Purchasing, LLC

LinkedInVisit site

WE MOVE WHAT MOVES YOU

Industry
Oil and Gas
Company size
51-200 employees
Founded
2008
Headquarters
Wichita, Kansas
LinkedIn followers
851

MV Purchasing, LLC (MVP) was formed to buy oil from producers in Kansas, Colorado, Nebraska, and the Oklahoma and Texas Panhandles. Today we do much more than that, offering complete end-to-end marketing of petroleum products throughout the Midcontinent. Our mission is to create superior value for our customers, owners, partners and employees through acquisitions, transportation, or exchange efficiencies by offering reliable and innovative options in the midstream market.

Offices: Wichita, Kansas 67206, US · ,

LogisticsTransportationMarketingEnergy
View all jobs at MV Purchasing, LLC

About MV Purchasing, LLC

LinkedInVisit site

WE MOVE WHAT MOVES YOU

Industry
Oil and Gas
Company size
51-200 employees
Founded
2008
Headquarters
Wichita, Kansas
LinkedIn followers
851

MV Purchasing, LLC (MVP) was formed to buy oil from producers in Kansas, Colorado, Nebraska, and the Oklahoma and Texas Panhandles. Today we do much more than that, offering complete end-to-end marketing of petroleum products throughout the Midcontinent. Our mission is to create superior value for our customers, owners, partners and employees through acquisitions, transportation, or exchange efficiencies by offering reliable and innovative options in the midstream market.

Offices: Wichita, Kansas 67206, US · ,

LogisticsTransportationMarketingEnergy
View all jobs at MV Purchasing, LLC

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