Director - Upstream Accounting

Energy Transfer LP; Dallas (TX); On-site; USD 180,000 - 280,000; Full time

Job summary

Energy Transfer LP in Dallas, TX is seeking a Director of Upstream Accounting to lead the upstream accounting team responsible for revenue, joint interest, production, and AFE/fixed asset activities.

The role oversees close processes, JIB operations, audits, and provides financial analysis on LOE, capex, and well economics, while shaping policies and controls for upstream operations.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field required; CPA strongly preferred.
• 8–12+ years of progressive accounting experience with significant upstream oil & gas exposure.
• Deep knowledge of upstream accounting practices including revenue recognition, JIB, production accounting, AFEs, and DD&A.

Responsibilities

• Lead and manage the upstream accounting team, including revenue, joint interest, production, and fixed asset/AFE accounting functions.
• Oversee monthly, quarterly, and annual close processes for upstream operations, ensuring accurate recognition of oil, gas, and NGL revenues, production volumes, and related costs.
• Direct joint interest billing (JIB) processes, including partner billing, cash calls, settlements, and audit support for operated and non-operated properties.
• Ensure proper accounting for exploration and development costs, including successful efforts, AFE tracking, capitalization, and impairment testing.
• Support internal and external audits, including joint venture audits, and respond to partner and regulatory inquiries.
• Provide financial analysis and reporting on lease operating expenses (LOE), capital expenditures, well economics, and property performance.
• Develop, implement, and continuously improve accounting policies, procedures, and internal controls tailored to upstream operations.

Skills

Upstream accounting knowledge

Revenue recognition

Cross-functional collaboration

Education

Bachelor's degree in Accounting, Finance, or related field

CPA preferred

Tools

SAP

JVA

PRA

Job description

Energy Transfer, recognized by Forbes as one of America's best large employers, is dedicated to responsibly and safely delivering America's energy. We are driven to inspire our employees to create superior value for our customers, our investors, a sustainable future and giving back to the community where we have long-standing commitments to causes including MD Anderson Children's Cancer Hospital, The Salvation Army, The American Red Cross, Ronald McDonald House and many more.

We value all of our employees who make our growth and success possible. We are proud to offer industry leading compensation, comprehensive benefits, 401(k) match with additional profit sharing, PTO and abundant career opportunities.

Summary

Energy Transfer is looking for a Director of Upstream Accounting to join our Upstream Crude Accounting team at 8026 Park Ln, Dallas, TX office. This position will lead and manage Energy Transfer's Upstream accounting team, which is responsible for providing a full suite of accounting services to Energy Transfer producing customers. We encourage a culture of inquiry by always asking why, transforming data into meaningful information, and leveraging technology to streamline our processes.

Essential Duties and Responsibilities

To perform this job successfully, an individual must be able to perform each essential job duty satisfactorily. The requirements for this position are listed below:

• Lead and manage the upstream accounting team, including revenue, joint interest, production, and fixed asset/AFE accounting functions.
• Oversee monthly, quarterly, and annual close processes specific to upstream operations, ensuring accurate recognition of oil, gas, and NGL revenues, production volumes, and related costs.
• Direct joint interest billing (JIB) processes, including partner billing, cash calls, settlements, and audit support for operated and non-operated properties.
• Ensure proper accounting for exploration and development costs, including successful efforts application, AFE tracking, capitalization, and impairment testing
• Support internal and external audits, including joint venture audits, and respond to partner and regulatory inquiries
• Provide financial analysis and reporting on lease operating expenses (LOE), capital expenditures, well economics, and property performance
• Develop, implement, and continuously improve accounting policies, procedures, and internal controls tailored to upstream operations

Key Attributes

• Build and maintain collaborative relationships across departments, serving as a trusted leader and advocate for direct reports and accounting teams
• Proactively leads initiatives, resolves complex issues, and mitigates risks with minimal oversight, ensuring team efficiency and operational success
• Aligns team goals with leadership's vision by setting clear expectations, communicating strategic direction, and driving cross-functional alignment
• Champions a culture of inclusion, transparency, and continuous improvement by fostering open communication and valuing diverse perspectives
• Invests in team development through structured career planning, coaching, and mentorship while recognizing contributions and encouraging growth
• Identifies process and efficiency improvements, leveraging technology and innovation to support long-term department success
• Demonstrates integrity and accountability by modeling clear, unbiased communication, honoring commitments, and holding the team to high-performance standards

Requirements

To perform this job successfully, an individual must be able to perform each essential job duty satisfactorily. The requirements for this position are listed below:

Education and/or Experience, Knowledge, Skills & Abilities

To perform this job successfully, an individual must be able to perform each essential job duty satisfactorily. The requirements for this position are listed below:

• Bachelor's degree in Accounting, Finance, or related field required; CPA strongly preferred
• 8-12+ years of progressive accounting experience, with significant time in upstream oil and gas (exploration & production) accounting
• Deep knowledge of upstream accounting practices, including revenue recognition, joint interest accounting, production accounting, AFEs, and DD&A
• Proficiency with SAP, JVA, and PRA preferred
• Strong analytical, communication, and cross-functional collaboration skills

Working Conditions

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.

• Usually, normal office working conditions.
• Must be able to remain in a stationary position 50% of the time due to prolonged periods of sitting or standing.
• Occasional overnight travel may be required.