Revenue Accountant

  • Company System One Services
  • Date April 12, 2018
  • City San Antonio
Job Summary:

Bachelor’s Degree in Accounting
Minimum of 1 to 3 years’ Oil & Gas experience required as Revenue Accountant.

Job Full Description:

Oil & Gas Revenue Accountant

San Antonio, TX

Oil & Gas Revenue Accountant requirements:

  • Bachelor’s Degree in Accounting
  • Minimum of 1 to 3 years’ Oil & Gas experience required
  • Background in accounting with monthly close processes and consolidations
  • Working knowledge of US Generally Accepted Accounting Principles (US GAAP)
  • Highly proficient in Microsoft Office, particularly in Excel
  • Advanced problem solving and analytical skills
  • Excellent written and verbal communication skills
  • Values ethics, professionalism, and maintains confidentiality
  • Self driven, results oriented with a positive outlook, and a clear focus on high quality


System One is currently seeking an Oil & Gas Revenue Accountant for San Antonio, TX. The revenue accountant will manage the general ledger and financial statements of the organization. The main focus of the position will be to provide quality and timely financial accounting. Close interface and effective communication with the Controller and department is essential. Strong accounting skills with a solid knowledge of US GAAP, management, communication, analytical and problem solving skills are critical to the financial accounting process.

Oil & Gas Revenue Accountant responsibilities

  • Maintain Operated and Non Operated Well information, Owner DOI, and Purchaser information in Oil and Gas Accounting Software (OGAS)
  • Compile revenue information received monthly from purchasers, and verify volumes and prices
  • Account for monthly revenue and severance taxes as well as make distribution payments to al interest owners.
  • Prepare and maintain General Ledgers, account reconciliations, forecasting and financial statement preparations.
  • Enter detailed information into OGAS and generate royalty checks to all owners
  • Maintain current working knowledge of severance tax rules for Texas and Louisiana
  • Calculate and remit monthly severance taxes to various states
  • Monitor low producing gas wells for potential refunds
  • Prepare annual 1099’s for all royalty and vendor payments
  • Prepare and record monthly journal entries, reconcile accounts, and prepare quarterly financial statements in accordance with GAAP
  • Track project and well payout status
  • Generate special reports for senior management as required
  • Assist in external audits
  • Perform other duties as assigned