Jimmy Barnes Email and Phone Number

- Report directly to the Controller- Supervise one associate- Complete all monthly consolidated financial statements (Balance Sheet, Income Statement, Statement of Cash Flows, Equity Statements, Lease Operating Statements and General and Administrative Statements) presented to executive management and board of directors- Complete quarterly compliance package distributed to board of directs and for bank redeterminations.- Perform monthly depreciation and depletion calculation as well as quarterly ceiling test calculation- Calculate monthly Asset Retirement Obligation (ARO)- Record Mark to Market entry for hedges- Manage interim and annual audit - Oversee all Revenue, JIB and Production Accounting functions for 2 companies and 8 business units- Responsible for determining the monthly and quarterly revenue accrual at a well level and field level- Partner with other group personnel to ensure all joint interest billing functions are timely and accurately performed to account for lease and well costs as well as the billing to well co-owners- Accountable for running monthly revenue distribution and JIB invoicing- Liaison between multiple departments including Land, Marketing and Operations- Maintain and analyze the material management process- Oversee the material inventory physical counts and accounting functions- Communicate directly with the Chief Executive Officer, Chief Operating Officer, Directors and business unit personnel on accounting and general business issues

- Reported directly to the Chief Accounting Officer- Supervised two associates- Managed overall Revenue and Production Accounting functions for 4 companies- Responsible for determining the monthly and quarterly revenue accrual at a well level and field level- Performed SOX (Sarbanes-Oxley) controls to ensure company compliance- Accountable for running monthly revenue distribution and releasing wires- Liaison between multiple departments including Land, Marketing and Investor Relations- Emergency Response Coordinator for the Business Continuity Plan and Disaster Recovery programs- Team member on the committee to select new ERP

- Reported directly to the Operation’s Accounting Controller- Managed all operations accounting functions for Revenue, Joint Interest Billing, and Production Accounting- Supervised four associates- Maintained and analyzed the material management process- Administered the material inventory physical counts and accounting functions- Primary focus on leading the proper application of accounting principles and analysis to ensure operational reporting (LOS/POS) is timely and accurate in support of each business unit- Performed financial statement analysis to explain variances at unit and categorical levels- Communicated directly with the Chief Accounting Officer, Vice Presidents and business unit personnel on accounting and general business issues- Partnered with other group personnel to ensure all joint interest billing functions are timely and accurately performed to account for lease and well costs as well as the billing to well co-owners- Monitored SOX controls to ensure company compliance- Provided data for banking purposes and quarterly board book meetings- Updated Before Payout/After Payout (BPO/APO) schedules and report to necessary associates in the Land group- Maintained the asset retirement obligation (ARO) determination- Served as the primary accounting contact to all internal operational groups and outside audit teams

- Lead 9 employees- Shared responsibility for monthly revenue close and distribution for entire company- Responsible for reviewing and posting monthly vouchers for the group- Posted the monthly interest due journal entry- Responsible for setting up revenue decks- Performed monthly reconciliation for Accounts Receivable (AR)- Ran comparison reports for the Mid-Continent group- Prepared AR aging reports working closely with the timing of the zero balances purge and write off during the finalization process.- Provided monthly hotline report- Purged zero balances for all transportation accounts- Worked with legal to gather revenue information for bankruptcies- Worked with Treasury to let them know where pulled checks from distribution need to be distributed- Worked closely with Standard Register and Oildex to ensure information is accurate for our owners- Provided assistance to associates on the Business Associates Hotline System- Spoke to owners who need further assistance- Added new employees to the Business Associates Hotline System- Worked with Corporate Communications to create Owner Resource Brochures for the National Association of Royalty Owners (NARO) conferences as well as PowerPoint slides for owners that toured through the Devon offices

- Lead 15 employees- As well as full-time Accounts Payable, worked part-time with Joint Interest Billing department on special tasks: - Overhead analysis report, JIB accruals, Audits, Allocations- Was back up to JP Morgan Chase administrator on credit card duties.- Administrator for Digital Oilfield workflow invoicing.- Responsible for administering implementation of SourceNet – outsourcing of company utilities.- Worked to create an improved companywide expense report through Concur Expense Report module.- Responsible for the implementation of Automated Clearing House (ACH) processing of invoices.- Performed period close activities: Adjusting entries and review reconciliations for 37 accounts across 13 companies.- Standardized all reconciliations for all companies for Accounts Payable and Joint Interest Billing departments.- Performed clerk invoice analysis report to ensure consistency among companies and comparative analysis.- Performed electronic vendor report analysis to ensure increased productivity through electronic invoice submission.- Performed analysis to ensure discounts are taken in a timely manner.- Performed KPMG quarterly report.- Was the first to volunteer for special projects that arise.- Coordinated responsibilities of associates.- Responsible for Accounts Payable mergers and divestitures.- Answered any Accounts Payable related question.- Acted as a liaison between the Accounts Payable, JIB, Financial Accounting and Treasury departments as well as other departments throughout Devon.

- Responsible for bank reconciliations for all domestic accounts.- Performed entries to true up debt accounts on a monthly basis.- Maintained all Canadian accounts.- Reconciled all investment accounts.- Assisted in special projects as they would arise.

- Developed effective systems and controls to assure that assets and earnings were safeguarded, and insured consistent financial practices- Managed the timely preparation of period end financial statements- Performed period close activities: Adjusting entries, reconciliations, inventory reconciliations, prepared trial ledger, final ledger and financial statements.- Maintained control of the general ledger by making sure all account reconciliations were completed and reviewed each period- Performed Profit and Loss review and analysis for operating management- Assisted in expense control by providing analysis and objective critique- Coordinated preparation of the year-end audit schedules and related work papers

- Monitored payables for eight divisions, and receivables for 3000 retailers- Supervised 12 associates- Responsible for eliminating overtime to reduce unnecessary cost- Controlled the distribution of the workload to associates ensuring proper and accurate billings- Held weekly meetings with associates- Implemented single source entry computer systems for drop shipment department- Reconciled and review all drop shipment accounts related to divisions- Completed all assigned associate salary and performance appraisals- Recommended enhancements for productivity and low cost pursuits- Adequate authority to hire and let go associates, recommend change in salaries, change operating practices, and recommend operating policies

- Direct assistant to the Controller of the Eastern Division- Prepared consolidated financial statements in accordance with SEC regulations- Reconciled and compiled balance sheet accounts- Analyzed inventory consumption and asset counts- Responsible for forecasting the profit/loss and revenue statements- Traveled to various locations to perform internal audit functions- Managed business process improvement initiatives- Analyzed monthly, quarterly, and annual financial data