Flywheel Energy, LLC

Accountant - Revenue

Flywheel Energy, LLC  •  Oklahoma City, OK (Onsite)  •  1 month ago
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Job Description

Job Location: Oklahoma City Office - Oklahoma City, OK 73102Job

Summary
The Revenue Accountant supports accurate and timely recording, analysis, and reporting of oil, natural gas, and NGL revenues for an oil & gas company. This role assists with revenue allocations, royalty and working interest owner distributions, production validation, and regulatory reporting. The ideal candidate has strong analytical skills, a desire to build foundational knowledge of oil & gas revenue processes, and a collaborative mindset for working across land, production, and operations teams.
Key Responsibilities
- Process monthly oil, gas, and NGL revenue for assigned properties.
- Verify sales volumes, pricing, and purchaser statements.
- Allocate revenue to working interest and royalty owners in accordance with DOI/land records.
- Review revenue data for accuracy and identify variances or anomalies.
- Research and resolve owner inquiries related to revenue payments.
- Work with the Division Order team to ensure proper ownership setup and DOI accuracy.
- Assist with escheatment processing and unclaimed property compliance.
- Ensure compliance with state and federal reporting requirements and deadlines.
- Record journal entries for revenue, taxes, and adjustments.
- Reconcile revenue-related general ledger accounts monthly.
- Assist with monthly close and revenue-related reporting to management.
- Work with Land, Production Operations, Marketing, and Accounting teams to validate product volumes, ownership, and pricing.
- Support internal and external audits by providing schedules, documentation, and explanations.
- Identify and recommend improvements in revenue accounting processes and internal controls.
- Participate in system enhancements or implementations for revenue modules

Qualifications

Required Qualifications:
- Bachelor’s degree in Accounting, Finance, or related field.
- 0-2 years of professional accounting experience, preferably in oil & gas. ; new graduates with relevant internship experience are encouraged to apply.
- Basic understanding of, or willingness to learn, upstream revenue processes, including allocations, taxes, and regulatory reporting.
- Strong Excel skills and experience with accounting systems.
Preferred

Qualifications:
- Experience with oil & gas software
- Knowledge of ONRR, severance tax rules, and state regulatory reporting.
- Experience in upstream E&P accounting.
- Analytical and problem‑solving skills
- Accuracy and attention to detail
- Strong communication and customer service (especially owner relations)
- Organizational and time‑management skills
- Ability to meet deadlines in a fast‑paced environment
- Team-oriented and collaborative
Flywheel Energy, LLC

About Flywheel Energy, LLC

Flywheel Energy is a private exploration and production company formed to provide American consumers with reliable, affordable energy by acquiring and sustainably operating large, producing onshore U.S. oil and gas assets.

In August of 2018, the Fund committed a second time to the management team with $700 million of equity in the form of the newly-formed Flywheel Energy. Flywheel Energy is a private exploration and production company formed to acquire and operate large, producing onshore U.S. oil and gas assets with an emphasis on the Rockies and Mid-Continent.

Concurrent with the new commitment, Flywheel signed a definitive agreement to acquire Southwestern Energy’s legacy gas properties and affiliated midstream business in the Fayetteville Shale in Arkansas for $1,865 Million. With this acquisition, Flywheel entities will have made almost $2.1 billion of acquisitions since 2017.

Industry
Oil, Gas & Mining
Company Size
201-500 employees
Headquarters
Oklahoma City, Oklahoma
Year Founded
2017
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