Job Objective:
Responsible for handling all functions related to the monthly JIB process for company Operated properties, while ensuring compliance with proper oil and gas accounting procedures (COPAS).
Essential Job Responsibilities:
- Generates joint interest billing (JIB) invoices for the company.
- Establishes and maintains cost allocations for all operated properties.
- Calculates and maintains Production Handing Agreements and Facility Use Agreements.
- Reconciles joint interest billing (JIB) and general ledger accounts.
- Establishes and maintains operated authority for expenditures (AFE’s) in Accounting System.
- Reviews and reports to management monthly variances and reasons for variance on lease operating cost.
- Calculates and records drilling, producing and major construction overhead for company operated properties.
- Prepares manual invoices for contract services provided by the company.
- Establishes and maintains schedules for acquisition properties to properly record property allocations, SWD, Production Handling Agreements, and facility usage fees.
- Works closely with Operations for ongoing issues and attends appropriate asset team meetings on a regular basis.
- Performs special projects that require knowledge of oil and gas operational accounting.
- Maintains employee confidence and protects operations, including intellectual properties, by keeping information confidential.
- Maintains technical knowledge by attending educational workshops and reviewing professional publications, establishing personal networks, and participating in professional associations.
