John Mcrae (Danny) Email & Phone Number

Houston, Texas, US

US

• Managed the preparation and filing of +50 Federal, State, and UK Income Tax Returns including 5 joint venture partnerships and filing requirements for 12 states under a cost efficient outsource annual form preparation.
• Developed and Implemented in-house ASC 740 Quarterly Tax Provision to provide accurate and transparent worldwide financial tax position and tax forecast to mitigate errors and reportable control deficiencies with.
• Provided all Tax memorandums to public auditors and management covering, Tax Positions, Return to Provision Adjustments, ASC 740 Valuation Allowances, including successful release of $172.6MM of Deferred Tax VA in 1Q.
• Managed all statutory examinations including 2012 1120 IRS examination, Texas Unclaimed Property Audit, and various State Sales and Use Tax Examinations.
• Initiated successful outsourcing of company’s 1099 reporting compliance to more technology driven Thomson Reuters OneSource Managed Services for less than $20K/Year eliminating the in-house preparation, printing, and.
• Registered Company’s select subsidiaries for Texas Direct Pay Permit in order to obtain local tax savings on select vendor purchases for drilling activity in Texas Counties with no local tax achieving annual savings in.

Houston, Texas, US

Apache Corporation acquired Mariner Energy Inc. effective with shareholder approval on November 10, 2010.

US

• Prepared Tax Model reflecting future utilization of Mariner NOL’s subject to §382 limitations to support case for no Valuation Allowance under ASC 740.
• Documented the case for Stock purchase versus asset purchase for five Edge Petroleum Subsidiaries at December 31, 2009 to preserve the tax attributes of Net Operating Losses and tax basis subject to NUBIL rules.
• Quantified the Edge subsidiaries tax attributes in a FAS 141R Bargain Purchase Gain totaling $90MM on the day one Deferred Tax Asset recognition.
• Revamped the Tax Cost Depletion schedules to properly track $914MM of tax basis in 1,411 tax oil and gas properties which included identification of stranded tax basis on cancelled and surrendered properties totaling.

London, England, GB

Team Lead for Federal Income Tax Provisioning and Compliance involving all domestic E&P legal entities associated with the Gulf of Mexico operations. Tax Charge Provisioning for Gulf of Mexico Legal Entity operations with annual Pre-Tax Incomes of +$3B and annual Capital Budgets in excess of $2B. Provide Assurance/Sign off to Quarterly Tax Accruals for GoM.

Managed staff of six to execute and coordinate Vastar’s/ Joint Interest Billing, Cash Call, and Collection Processing from partners encompassing $78MM/Year of recoveries|Handled all pre and post settlement closing requirements from 25 Field acquisitions and divestitures totaling +$200MM/Hosted 53 joint interest audits covering 115 weeks and $250MM in.