Colin Stokes Email & Phone Number

Erie, Co, Us

Greely, Colorado

- Aquisition Integration- Non-Operated Wells- COPAS Contracts & Pooling Agreements- Dispute Resolution- Payouts Tracking and Reports (Capital & LOE)- Overhead set-up and calculations

Berkeley, California, United States

Oversaw and streamlined accounting operations, ensuring accurate financial reporting and compliance with industry standards to support the company's strategic goals in mineral exploration and production.• Established and expanded the Operational Accounting department and Joint Venture Operations across multiple continents, including Africa, South Korea, Australia, Canada, and the US, driving global financial consistency and efficiency.• Streamlined and maintained comprehensive records of all Operating contracts, such as Joint Venture, Earn-In, and Term Sheet Agreements for accounting operations.• Collaborated with Field Operations to create and implement standardized capital project reporting processes globally, enhancing transparency and accountability while reducing time spent on reports by 50%.• Developed and managed detailed agreement tracking spreadsheets and checklists, effectively monitoring key contract milestones and optimizing resource allocation. This helped reduce time allocation by 75%.• Generated and issued Cash Calls, Billings, and monthly expense reports in strict accordance with contract terms and agreements, ensuring timely and accurate financial transactions.• Oversaw and optimized Accounts Payable processes and vendor banking setups for both domestic and international operations, improving payment efficiency and vendor relationships.• Analyzed and responded to ad hoc requests for expense analysis and financial footnotes, providing precise and insightful financial information.• Coordinated annual audits and prepared thorough audit responses, including document submission, in compliance with contract terms, ensuring audit accuracy and completeness.

Greater Denver Area

Oversaw and managed all Cost Accounting (Joint Venture) functions related to the production of monthly Joint Interest Billings, Fixed Assets, Inventory, Accounts Payable, Accounts Receivable for Gas wells and Facilities (Compressor and Saltwater Disposal).• Prepared monthly accruals for CAPEX/WO&P&A/LOE in combination with monthly project review with Operations and Finance.• Spearheaded the setup and maintenance of allocation processes for all LOE (Lease Operating Expense) and CAPEX (Capital) projects, optimizing resource distribution and financial tracking.• Documented internal controls and process maps to support audits, and initial public offering SEC requirements for the CFO.• Analyzed and prepared forecasts/budgets related to Capital projects, AR, AP and deliver monthly matrix reporting to Executives.• Worked with all departments across the organization (LAND, Finance, Production, Engineering, etc.) gathering information for AFE (Approval for Expenditure) preparation and submission.• Prepared monthly Balance Sheet reconciliations.• Researched projects assessing program cost structures and making recommendations for additional billings in accordance with COPAS. This resulted in additional billings of over $1Million.• Prepared and delivered comprehensive monthly LOS/LOE statements and Payouts calculations, ensuring precise financial reporting.• Evaluated system efficiencies and successfully implemented upgrades to Excalibur and DocVue, enhancing operational performance and accuracy. Operational performance increased by 35%.• Reviewed Joint Venture Agreements (Customer Contracts), and Acquisition materials assuring proper documentation and set-up within Excalibur. Made recommendations to the Executive team related to acquisition synergies and operating cost reduction opportunities.

Beltway & I-10 Houston

Maintained JIB processing, and Joint Venture Audits for the US/International side of the company.• Assisted in the preparation and maintenance of monthly financials, ensuring accuracy and compliance with organizational standards.• Reviewed and approved Vendor Contracts, Joint Operating/Venture Agreements, and Acquisitions & Divestitures materials, ensuring alignment with company objectives and legal requirements.• Maintained and updated Capital and Operating budgets for projects valued between $100M and $300M, and tracked a total portfolio exceeding $1.5B, coordinating with various operational groups monthly.• Conducted internal control audits, identified areas of weakness, and implemented necessary controls to strengthen financial integrity.• Identified and analyzed monthly variances for Capital and Lease Operating Expenses, delivering detailed matrix reports to stakeholders to inform decision-making.• Led the worldwide SAP implementation of the Joint Venture module, ensuring seamless integration and enhanced operational efficiency.• Maintained strict financial controls in compliance with GAAP and SOX regulations, ensuring regulatory adherence.• Managed daily work assignments for Finance, AP, and AR teams, providing strategic insights on managing collections from late-paying partners resulting in a reduction in receivable time from 49 days to 25.• Oversaw the coordination and response to all Joint Venture audits, adhering to COPAS standards, and ensuring thorough and accurate audit processes.• Reviewed and approved all manual entries and AFEs within the Joint Interest Accounting group, ensuring accuracy and compliance with financial policies.• Completed comprehensive monthly reviews and analyses of all financial audit reports, ensuring accurate financial reporting and compliance.

Houston - Galleria Area

• Responsible for all Upstream joint interest accounting functions including DOI maintenance, allocations, overhead, fixed assets, payroll and mileage distribution for all onshore and offshore properties.• Managed the deconversion of Apache Gulf of Mexico Assets.• Responsible for the billing of all US company costs which in 2012 included over $4.0 Billion in cost resulting in over $1.0 Billion in billings.• Prepare monthly accruals, and review with stakeholders.• Produce monthly metrics to assist in analyzing of all company LOE costs in accordance with plan, budget, and forecast providing variance explanations where appropriate. • Oversee the processing of Non-Operated JIB’s for Onshore and Offshore properties.• Maintain internal controls in accordance with GAAP/SOX compliance requirements.• Reviewed and implemented JOA/PHA agreements in accordance with COPAS. • Maintained all monthly reconciliations of joint venture related accounts.

Houston Texas

•Responsible for supporting Revenue/Project Costing Operations, Commercial Development and Legal for the Midstream Company specifically related to detailed financial analysis on business models and proposed contract terms.•Responsible for Revenue/Project Costing monthly financial review meetings; Entails new BU, JVs, Equity Interest, Continuous improvement around reports/data presentation and assistance with variance explanations on Actuals, Plans and Budgets•Make monthly accruals after monthly Capital and O&M reviews.•Identify and produce metrics to assist in identifying work drivers; support process improvement decisions.•Track Process Improvements and streamline reports.•Develope employee’s, deliver integrated employee development tools and incorporate outputs into performance scorecards and review with each employee. Evaluate results.•Coordinate all cross training functions to increase back up capacity.•Initiate and complete incorporation of Midstream Business into all Control/SOX processes.•Responsible for monitoring process/system changes and making sure they are effectively controlled and appropriately documented and tested.•Assure the timely inputs of gathering volumes to create invoices. •Review and approved all manual entries within Revenue/Project Costing group.•Responsible for coordination of group assignments on a monthly/daily basis.

Houston Texas

•Responsible for the billing of all company costs for the Exploration and Production operation which in 2011 included over $1.6 Billion in cost resulting in over $200 Million in billings.•Responsible for identifying and analyzing monthly variances of company costs.•Created and maintained financial controls in accordance with SOX compliance.•Responsible for keeping Joint Interest group on specific deadlines in order to close the accounting books on a monthly basis.•Submitted and resolved all IT issues related to accounting systems on a monthly basis.•Reviewed and approved all manual entries within Joint Interest Accounting group.•Completed monthly review and analysis of financial audit reports.•Responsible for closing the accounting books on a monthly basis that required the coordination of all group assets.•Responsible for coordination of group assignments on a daily basis.•Responsible for employee reviews, and development plans on a semi-annual/annual basis.•Responsible for updating desk manuals with current information on operating procedures.•Team lead/Coordinator for SOX financial controls review/testing in the Joint Interest Accounting group.•Completed testing and implementation of new PeopleSoft accounting system.•Designed and implemented testing for new accounting applications.

Masters, Accounting

Activities and Societies: Betta Gamma Sigma/Phi Kappa PhiGraduated Summa (3.8)

Bba, Finance

Activities and Societies: PHI KAPPA PHI - Honor Society BETA GAMMA SIGMA - Honor SocietyGraduated Summa (3.75)