Production Accountant

Crescent Energy Management LLC; Midland (TX); On-site; USD 85,000 - 125,000; Full time

Job summary

Crescent Energy is seeking a Production Accountant to manage accounting for a portfolio of operated assets, ensuring accurate reflection of field operations. You will collaborate with Lease Operators, Foremen, Superintendents, and Measurement to resolve issues before close.

The role covers month-end close, allocations, master data, and regulatory reporting support, with emphasis on data integrity and process improvements. Crescent values disciplined growth and compliant reporting.

Qualifications

• Bachelor's degree in Accounting, Finance, Energy Commerce, Engineering, or equivalent experience.
• Three or more years of upstream oil and gas production accounting experience.
• Experience with ProCount or comparable production accounting software.

Responsibilities

• Serve as the primary production accounting representative for an assigned portfolio of operated assets and monitor production fluctuations.
• Perform month-end production accounting activities and maintain allocation networks and master data.
• Investigate production variances and discrepancies to ensure accurate reporting and SOX-compliant records.
• Partner with Operations, Engineering, Revenue, Regulatory, Land, and Marketing to ensure accurate production reporting and regulatory compliance.
• Support testing and improvements of production accounting processes and integration of acquired assets.

Skills

Analytical thinking

Communication

Problem-solving

Education

Bachelor's degree in Accounting, Finance, Energy Commerce, Engineering, or equivalent

Tools

ProCount

Carte

SQL

Power BI

Job description

Crescent is a differentiated U.S. energy company committed to delivering value through a disciplined, returns-driven growth through acquisition strategy and consistent return of capital. Our long-life, balanced portfolio combines significant cash flow from stable production with a deep, high-quality development inventory. Crescent is a top three producer in the Eagle Ford basin and a scaled operator in each of the Permian and Uinta basins. Crescent’s leadership is an experienced team of investment, financial and industry professionals that combines proven investment and operating expertise. For more than a decade, Crescent and our predecessors have executed on a consistent strategy focused on cash flow, risk management and returns. Through disciplined and accretive investments, we have successfully tripled the size of our company since going public in December 2021 while maintaining a strong balance sheet.

The Production Accountant serves as the dedicated Production Accounting partner for an assigned portfolio of operated assets, ensuring production data accurately reflects field operations and supports Crescent's operational, financial, and regulatory reporting obligations. This position balances daily production stewardship with month-end production accounting responsibilities, partnering closely with Lease Operators, Foremen, Superintendents, Measurement, Engineering, Revenue, Regulatory, and other stakeholders to proactively identify and resolve production issues before they impact reporting.

Daily Production Review & Asset Stewardship

Serve as the primary Production Accounting representative for an assigned portfolio of operated asset ensuring reported production accurately reflects field operations. Monitor production exceptions, allocation variances, and production anomalies, proactively investigating and resolving issues before month-end close. Partner with Lease Operators, Foremen, Superintendents, and Measurement personnel to resolve production issues impacting reporting accuracy. Participate in recurring operational meetings to review production performance, upcoming activities, discuss issues, and coordinate corrective actions. Develop a thorough understanding of assigned assets and provide production accounting guidance to operational stakeholders.

Month-End Production Accounting & Allocations

Perform month-end production accounting activities for an assigned portfolio of operated assets. Maintain allocation networks, allocation factors, ownership relationships, and production accounting master data. Review and reconcile production volumes, purchaser statements, and allocated sales volumes to ensure accurate financial and operational reporting. Investigate and resolve production accounting discrepancies identified during the month-end close process. Maintain documentation and supporting records in accordance with SOX controls and established Production Accounting procedures. Complete production close activities within established deadlines while supporting acquisitions, divestitures, and other asset transitions.

Production Exception Management & Data Integrity

Investigate production imbalances, allocation exceptions, and reporting discrepancies. Perform root cause analysis and implement sustainable corrective actions. Reconcile production to sales, inventory, and disposition volumes. Analyze production trends to identify recurring operational or accounting issues. Coordinate with Measurement to resolve issues affecting production data quality. Maintain accurate production master data supporting operational, financial, and regulatory reporting.

Business Partnership & Regulatory Support

Partner with Operations, Engineering, Revenue, Regulatory, Land, and Marketing to ensure accurate production reporting. Provide production accounting support to the Production Reporting Coordinator by validating production volumes and researching discrepancies supporting Texas Railroad Commission, Utah, ONRR OGOR, EIA, and other regulatory reporting obligations. Communicate production risks, reporting impacts, and operational issues to management and stakeholders. Support internal and external audits related to production accounting.

Systems, Continuous Improvement & Acquisition Integration

Support testing of ProCount enhancements and production accounting process improvements. Identify opportunities to automate workflows and improve allocation efficiency. Document standardized business processes and promote operational consistency. Build and validate allocation networks for newly acquired assets. Support the production accounting integration of acquired assets, including production master data validation. Promote standardized production accounting practices across Crescent.

Education & Experience Required

Bachelor's degree in Accounting, Finance, Energy Commerce, Engineering, or equivalent experience. Three or more years of upstream oil and gas production accounting experience. Experience with ProCount or comparable production accounting software. Strong understanding of production allocations, reconciliations, production reporting, and upstream operations. Excellent analytical, communication, and problem-solving skills.

Preferred Experience supporting acquisitions and asset integrations. Experience with Carte, SQL, Power BI, or similar analytical tools. Knowledge of production regulatory reporting processes.

Core Competencies

• Asset Ownership
• Production Accounting
• Production Allocations
• ProCount
• Production Reconciliations
• Data Integrity
• Exception Management
• Business Partnership
• Operational Analysis
• Acquisition Integration
• Continuous Improvement
• Cross-Functional Collaboration
• Analytical Thinking
• Communication

Why This Role Matters

The Production Accountant provides the production data foundation that supports Crescent's operational decision-making, financial reporting, revenue distribution, and regulatory compliance. Through proactive asset stewardship, strong operational partnerships, disciplined production accounting, and continuous process improvement, this role helps ensure the integrity of Crescent's production information while supporting the Company's continued growth.

Crescent Energy is an equal opportunity employer. All qualified applicants will be considered for employment without regard to race, color, religion, gender/pregnancy, gender identity or expression, sexual orientation, national origin, genetics, disability, age, veteran status or any other legally protected status. Crescent Energy is also committed to compliance with all fair employment practices regarding citizenship and immigration status. If you require accommodation to complete the application process, please let us know by contacting [e-mail].

Crescent is a differentiated U.S. energy company committed to delivering value through a disciplined, returns-driven growth through acquisition strategy and consistent return of capital. Our long-life, balanced portfolio combines significant cash flow from stable production with a deep, high-quality development inventory. Crescent is a top three producer in the Eagle Ford basin and a scaled operator in each of the Permian and Uinta basins. Crescent’s leadership is an experienced team of investment, financial and industry professionals that combines proven investment and operating expertise. For more than a decade, Crescent and our predecessors have executed on a consistent strategy focused on cash flow, risk management and returns. Through disciplined and accretive investments, we have successfully tripled the size of our company since going public in December 2021 while maintaining a strong balance sheet.