Director - Upstream Accounting

Job Description
- Director
- Upstream Accounting )

Job Description

Director
- Upstream Accounting - (  )

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.

Come join our award winning 12,000 strong organization as we fuel the world and each other!

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

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

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

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…