Financial Reporting Revenue Accountant
Resume:
WILLIAM RICHARD ARTHUR
Wyomissing, PA 19610
*******@*****.***
EXPERIENCE:
Most Current:
Permanent Full Time:
MC Offshore Petroleum, LLC Operations and Revenue Accountant Houston, Texas
08/10 – 08/20/ MC Offshore Petroleum
01/09 – 07-10/ Pyramid Petroleum
07/07 – 12-08/ Capco – Amco Petroleum
Responsibilities include allocating all produced and sold oil and gas volumes off several offshore production platforms in the Gulf of Mexico. Marketing logistics include tracking pipeline receipts and inventory movement and deliveries into various gathering and operating systems involving plant separation and NGL processing facilities to final sales point. Net Profits and straightforward royalty calculations are required for MMS Royalty reporting involving 2014 Reports and OGORS for all operated and non-operated offshore platforms and associated comingled production. For all operated platforms, duties also include involvement with working interest partners taking products in kind and reporting various information on a monthly basis including gas balancing requiring monthly cash-outs both for pipeline imbalances and wellhead imbalances between entitlements and deliveries. Also responsible for creating both A/R and A/P invoices. Final month end close reconciled after necessary journal entries are made and ties out to final inventories and sales.
Additional general ledger journal entries, reconciliations, and income statement consolidations.
El Paso Corporation Senior Revenue Accountant Houston, Texas 11/01 - 08/06
Reconciliation of all gas volumes produced including acquired properties from Coastal and Sonat for prior period adjustments to clear outstanding receivables and correct revenue disbursements. Recording of current oil, gas, and plant product sales in South Texas including properties disbursed within 30 days of production, reconciling differences between allocated sales receipts and deliveries in pipelines and gathering systems, monthly cash-outs, and operator entitlement imbalance corrections. Additional monthly tasks include accounts receivable maintenance, monitoring production and marketing arrangements requiring system maintenance, related royalty relations issues, balance sheet analysis, suspense maintenance, and an ongoing system conversion from Premas to Empire to QRA requiring parallel testing. Overall accounting system month end closings and meeting tight deadlines.
Contract Consulting Projects: 06/96 - 10/01
Price Waterhouse Coopers Houston, Texas
Special project for British Petroleum’s offshore production group including system analysis to accurately identify platform volumes derived from well tests and borehole downtime. A complete audit of daily field reports ensuring data was correctly interfaced with production and revenue systems. Final goals included correct payments to other working interest owners and most importantly the GLO and MMS.
Shell Exploration & Production Company Houston, Texas
Verification of field production to final general ledger recordings and validation of data with focus involving the processing of raw inlet gas with a high BTU content delivered into various processing facilities in California. Recorded sales of liquid products and residue gas to various purchasers requiring multiple IT system utilization, verification of correct recordings through fluctuation analysis and other query extracts in an Access database. Processing requiring an understanding of both field operations and its interface with accounting to ensure correctness in an ever-changing production environment.
Apache Corporation Houston, Texas
Senior accountant on the Gas Balancing team, involving analyzing and correcting of Gas Balancing Statements, specifically entitlement vs.sales for several prior years, on properties predominately in Oklahoma with numerous non JOA take in kind working interest owners, and complete rebuilding of Gas Balancing from inception. Additional duties involve preparing current Gas Balancing for conversion to a new system requiring a broad survey of potential problems and adjustments in preparation for data rollover.
Texas Petroleum Investment Company Houston, Texas
Tasks included scheduling and analysis of property acquisition and post closing of sales. Emphasis on costs related to production and sales of products as sold to various purchasers. General ledger reconciliation with special attention to gas balancing issues and accounts receivable.
Permanent Full Time:
Boyce Engineering Intl., Inc. - Special Projects Houston, Texas 11/92 - 06/96
Coordinated special projects associated with power plant feasibility studies and models. Incorporated spreadsheet expertise in order to determine productivity and efficiency of plant output for sale and construction in third world nations. Assisted in accounting functions such as general ledger monthly consolidations, balance sheet updates, and income statements.
Ultramar Oil and Gas, Limited - Revenue Accountant Houston, Texas 06/89 - 11/92
Assisted in two computer conversions, was responsible for receiving and disbursement of all revenue income from gas sold on the spot market and products produced from plant processing, all accounts receivable reconciliations and collection for spot and contract sales, verification of sold volumes vs. production, payment of severance taxes in multi-state area and royalty payments to governmental entities including GLO and MMS, gas balancing for both pipeline imbalances and split purchaser/producer agreements. Prepared monthly final operating statistics and financial reports.
Buttes Resources Company - Revenue Accountant Houston, Texas 10/84 - 06/89
Acted as Revenue and Joint Interest Accountant for Canadian Operations. Researched for IRS audit, maintained property records, performed monthly system closings for both revenue and expenses, prepared Saskatchewan crown royalty calculations and payment, prepared general ledger entries and reconciliations, financial consolidations and analysis, prepared monthly operating statistics, assisted with income statements and balance sheet adjustments and performed special projects required by Calgary office including business travel to meet with Canadian Governmental entities.
McCormick Oil & Gas Company - Oil / Gas Accountant Houston, Texas 04/82 - 10/84
Initial recording of all oil, gas and plant product sales, forecasted sales accruals and cash flow estimates, coordinated monthly accounts receivable analysis, prepared monthly severance tax reports and updated Division Orders, and handled royalty owner relations predominately in Louisiana.
Getty Oil Company - Gas Revenue Accountant Houston, Texas 11/80 - 04/82
Analysis of gas contracts, pricing regulations and general use of accounting principles used in the sale of gas and plant products, recorded gas sales allocations, reviewed various reports and data used in balancing agreements and pricing verification. Introduction to split stream gas balancing.
EDUCATION: University of Texas at Austin. BBA Finance August 1980.
Skills: PeopleSoft Excel Inertia
Oracle Premas OGIS
SAP SAP PRA Excalibur
REFERENCES
Paul Appel MCOP Engineer 832-***-****
Dennis Hennesey MCOP Lead Operator 713-***-****
Bill Theriot SPL, INC. Offshore Allocation Manager 281-***-**** X 2813
Sunanda Vashisht MCOP Supervisor/Office Manager 281-***-****
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