Analyst II Division Order

Diamondback Energy Oklahoma City , OK 73113

Posted 2 months ago

Responsibilities:

  • Perform a detailed interpretation and analysis of leases, agreements, title opinions, operating agreements, and other contracts and legal documents to prepare and setup record title ownership spreadsheets and decks

  • Work closely with appropriate Land personnel to gain approval of division of interest ownership in order to setup and maintain JIB and revenue decks. Gain approval of management

  • Work with various accounting personnel to notify of decks to use in accounting processes

  • Ensure timely payment of royalties in compliance with state statutes to avoid punitive interest penalties

  • Review, verify and accurately setup outside-operated oil and gas division orders.

  • Follow-up with operators and purchasers to ensure timely payment of proceeds from production of Company owned assets

  • Review title, request or investigate records for proper documentation and process all changes of interest ownership timely

  • Work as a clean-up analyst for revisions to division of interests managed initially by Senior D.O. staff

  • Facilitate request for changes to Revenue/JIB owner contact information.

  • Work in connection with Land group to cure title defects that affect division of interest ownership and suspense

  • Send required correspondence to owners to cure title and process return receipt of requirements.

  • Review and maintenance of suspense ledger by owner account. Assist other department personnel as needed to escheat owner accounts, as required by various state laws

  • Setup and maintenance of decks outside of well type cost centers

  • Various other projects or duties as assigned

Qualifications:

  • Bachelor of Science degree in Accounting or similar discipline

  • At least 3+ years' experience in a Division Order Analyst position

  • Strong working knowledge of Division Order, legal and/or title experience preferred

  • Ability to ensure SOX compliance with all tasks performed within the scope of division order related processes

  • Ability to operate both independently and as part of a team

  • Ability to effectively communicate information to (especially via email and phone) and work with all levels of the organization

  • Ability to suggest and implement process improvements to increase effectiveness

  • Excellent organizational and time management skills

  • Self-motivated, with ability to work with minimal instruction

  • Microsoft Office ( i.e. Excel, Word, PowerPoint, Outlook), Accounting Software (P2 Excalibur), Pelaton systems (Wellview and Siteview), P2 Merrick (Carte), AFE Workflows (P2 AFE), and Accurint

  • The qualified candidate will

  • have strong attention to detail

  • be quick to pick up on new concepts

  • be flexible regarding workload and priorities

  • possess a positive, team-oriented attitude

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Diamondback Energy