Tim Beard Email & Phone Number

Houston, Tx, Us

Houston, Tx, Us

Houston, Tx, Us

As a Director I work along side 4 elected officials to manage and control all of the affairs of the MUD subject to the continuing supervision of the Texas Commission of Environmental Quality. I help establish policies in the interest of the residents and utility customers through the adoption and enforcement of all necessary charges, fees and taxes in order to provide district facilities and service.

A startup oil and gas firm focused on the acquisition and exploitation of producing oil and gas assets, as well as development of resource plays in Texas and Oklahoma.

• Lead a team of accounting professionals in all oil and gas related accounting functions • Coordinate and manage the monthly, quarterly, and year-end close cycles to successfully meet close deadlines• Develop and maintain accounting policies and procedures, participate in internal and external audits, and maintain SOX compliance• Designed, compile and distribute monthly internal reporting packages, prepare Form 10-Q's and 10-K disclosures and provide guidance on treatment of technical accounting issues• Manage the recording of revenue, operating and capital expenses and associated accruals• Oversee the accounts payable and accounts receivable processes• Calculate quarterly DD&A rate and perform Impairment analysis (Successful Efforts)• Provide analysis to upper management enabling a deeper understanding of how the business is performing• Assist engineers with reporting ending reserves and the changes associated with yearly activity• Support the yearly budget and monthly forecasting processes• Overseeing a system implementation by moving the oil and gas accounting system from an excel based model into the OGSYS accounting system

The Woodlands, Texas, Us

• Assisted in the preparation and review of quarterly and annual SEC financials• Assisted in the preparation and review of XBRL taxonomies• Provide guidance on treatment of technical accounting issues• Helped maintain financial controls and participate in internal and external audits and SOX compliance• Worked with Reserve Engineers to accurately report ending reserves and the changes associated with yearly activity• Worked with Corporate Development by supporting portions of the yearly budget process• Created policy regarding the recognition of acquisition costs associated with unproved property and subsequent evaluation for transfer to the full cost amortization base, intercompany accounting, and Asset Retirement Obligation• Implemented new Asset Retirement Obligation (ARO) model• Prepared capital entries and conducted analytics for all capital related functions such as Asset Retirement Obligations, DD&A, Capitalized Interest, Capitalized G&A costs, and Full Cost Ceiling

The Woodlands, Texas, Us

• Prepared monthly reporting package for Newfield Drilling Services Business Unit• Assisted with account cleanup and cost center/company coding issues• Restructured Operating Statements and monthly reporting packages which provided more clarity for operational employees and senior management• Assisted with the preparation of monthly revenue and expense accrual and intercompany elimination entries

• Prepared monthly board reporting package• Interfaced with external tax consultant• Calculated quarterly DD&A rate (full cost) and recorded monthly depletion expense• Calculated quarterly Ceiling Test Impairment• Booked monthly revenue accruals and performed analysis on volumes booked• Assisted engineers with the recognition and valuation of asset retirement obligations• Worked with senior management conducting annual budgeting and forecasting processes• Conducted ad hoc financial analysis as requested• Assisted management with the yearly energy insurance renewals• Assisted Reservoir Engineers and Netherland Sewell with mid-year and end-of-year reserve reporting• Maintained general ledger and created monthly operating reports• Supervised the joint interest billing (JIB) process and property accounting• Supervised A/P, A/R, and joint venture functions

­• Created changes to work assignments, methods and procedures increasing reliable monthly financial data ­• Built reporting tools (LOE, LOS, AFE, Payout, etc.) to timely and accurately provide data to senior management­• Developed a model for lease operating expense (LOE) and Capital (CAPEX) budgets and accruals for onshore and offshore properties­• Developed Procedure Manuals which facilitated the cross training of employees­• Assisted with the review of new Joint Operating Agreements (JOA) and ensured existing agreements were being followed­• Improved JIB process by decreasing error rates, improving timely work flow, and developing strong relationships with land, engineers, geologist and production personnel­• Implemented changes to the AR collection process resulting in a significant decrease in outstanding balances­• Improved the AP process by reducing unpaid invoices over 30 days­­• Worked with insurance broker ensuring adequate understating of yearly energy package as it relates to both individual well and partner coverage­• Coordinated all Joint Venture Audits­• Performed severance tax audit of the State of Texas resulting in large tax savings over a four year period­• Worked with property tax consultant to ensure proper valuation of company assets resulting in increased tax saving­• Provided analytical support to senior management and Netherland, Sewell & Associates, Inc. ensuring accurate mid-year and year-end data for reserve reporting­• Created and implemented complete accounting system for Davis Petroleum Pipeline Company (DPPL), subsidiary gathering and pipeline business, enabling Senior Management to better understand the operational viability of DPPL and allowing for expansion of services offered

• Worked with peers to ensure accurate and timely entry of data into the accounting system• Accounted for capital expenditures, analyzed AFE and capital projects• Reviewed entries made during the AR and AP process• Reviewed batch check runs, wire transfers, and ACH transactions• Ran monthly JIB process, issued billing statements, monitored cash call balances, and resolved partner related issues• Issued yearly 1099 forms to partners and reported information to the Internal Revenue Service• Assisted revenue department with ad hoc projects• Assisted with Bolo accounting system implementation project

Bba, Accounting

High School