Dale Sump, Cpa Email and Phone Number

Let my decades of experience and expertise in accounting, auditing and compliance help you manage your oil and gas royalty assets.If you leased your mineral assets and are a royalty owner with multiple oil and gas mineral leases, you may not have the time or experience to manage these assets.• I can help you with understanding your Mineral Lease Agreement and provide assurance that your producer-lessee is fairly and accurately reflecting Royalty Ownership Interests. An accurate determination of how royalty should be calculated, including a review of allowable deductions, if any, from the royalty payment, is fundamental.• My services typically involve a detailed review of the royalties received on the historical oil & gas lease production to determine the completeness and correctness of the royalty income stream.• If it becomes necessary, I can assist royalty owners with communicating royalty questions, concerns and deficiencies to their producer-lessee.My experience and technical expertise allows me to support attorneys, engineers, individuals, trusts, companies and states who are contemplating or confronted with a negotiation, mediation, arbitration or litigation regarding oil and gas royalty deficiency claims.My experience as a project leader and subject matter expert in developing electronic royalty reporting and compliance systems for The State of Texas and University of Texas System can be utilized in a variety of ways to support the accounting and auditing requirements for your customized application.As you can see, my experience and expertise can be utilized in variety of ways and circumstances and my services can easily be customized to address specific priorities or concerns regarding your royalties.Let me know how I may help you administer and manage your oil and gas royalty assets. I look forward to hearing from you!

Managed a team of accounting professionals who perform audits, limited reviews, and reconciliations on the oil and gas produced on nearly 13M acres onshore and offshore in Texas in which the state has an interest. Ensures processes and procedures are designed to provide accurate and timely results and verification of compliance with lease agreements in order to maximize revenues to the State of Texas. Provided accountability for the oil and gas royalty coming into the Permanent School Fund, the proceeds which help to finance K-12 education in Texas.In addition, continued in an oversight role for the Royalty Reporting and Reporting Control (RRAC) System application enhancements, processes and procedures.Also assisted with the transition of the operational and financial affairs of The Alamo complex in San Antonio as set forth by the Legislature of the State of Texas.

Lead business-needs design and development for web-based electronic reporting information system that performs compliance and control functions necessary to ensure that oil and gas production and royalty on state lands are accurately reported and paid to the agency. Tasked with coordinating the design, testing and training for the Royalty Reporting and Reporting Control (RRAC) System application and enhancements and continues in an oversight role for the RRAC processes and procedures,In addition, assisted with the transition of the operational and financial affairs of The Alamo complex in San Antonio as set forth by the Legislature of the State of Texas.

Oversee Institutional Compliance Program, functioning as an independent and objective body that reviews and evaluates organization’s compliance issues/concerns. Ensures management and employees are in compliance with laws, rules and regulations of regulatory agencies; company policies and procedures are followed; and organization behavior models Standards of Conduct Guide.• Developed and implemented enhanced compliance risk assessment process, saving staff time and effort in preparing annual risk-based compliance plan.• Coordinated development of policies and procedures designed to address compliance risks, resulting in uniform application of risk management techniques to prevent, detect, and respond appropriately to compliance risks.• Recommended and initiated strategies to maximize compliance with statutory, regulatory, and policy requirements, preventing any significant compliance violations and reporting only limited number of minor non-compliance events.• Instituted and maintained effective compliance communication program for organization; including promoting (a) use of Compliance Hotline; (b) awareness of Standards of Conduct, and (c) understanding new/existing compliance issues and related policies and procedures.

Established and managed compliance Hotline, a confidential mechanism to report instances of suspected non-compliance while assuring no retaliation. Responded to allegations of non-compliance of rules, regulations, policies, procedures, and Standards of Conduct by evaluating or recommending initiation of investigative procedures. Developed and administered system for uniform handling of such allegations. Verified appropriate corrective, restorative, and/or disciplinary action was taken in event of non-compliance. Developed and reviewed/updated workforce reference publications such as Standards Conduct Guide and Management Responsibilities Reference Guide. Administered online compliance education and training program for 800+ employees. Provided reports regularly to keep Compliance Committee and senior management informed of operation and progress of compliance efforts.

Supervised audit and accounting professionals who reconciled royalty receipts, audited production and values, and marketed in-kind oil and gas production. Ensured processes and procedures were set up to provide accurate and timely results and verification of compliance with lease agreements and contracts to enhance revenues of University Lands. Provided customer service support for on-line filing of production and royalty reports. Directed orientation and training of new personnel.• Monitored accounting records of royalty production and valuation on 2.1M acres in 19 West Texas counties.• Designed and developed web-based Electronic Reporting System, resulting in national and state recognition and receiving UT System monetary award.• Managed royalty audits to monitor compliance and provide accountability of oil and gas royalty income to Permanent University Fund.• Created risk-based oil and gas audit sampling tool in association with Deloitte & Touche, redirecting thousands of hours of professional time and improving audit timeliness.• Developed and managed in-kind oil and gas royalty marketing program, generating $2M/year.• Coordinated preparation/publication of reporting procedures manual, ensuring accuracy of royalty reporting.

Analyzed data, performed accounting reviews and audits, and examined internal control procedures to protect assets and ensure compliance. Monitored University lessees' conformance to contracts, lease agreements and statutes.