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24-460.A - JIB Accountant

Hilcorp Energy Company
United States, Texas, Houston
1111 Travis Street (Show on map)
Feb 20, 2025
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.
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