Tracy Huckins Email and Phone Number

Filing and paying Texas royalty GLO form 1,2 and 3.Oil, gas and NGL accruals.

Booked PPA's from first sales forward to correct for faulty initial title work, enlargement of the unit acreage due to additional drilling, identification of previously unleased mineral interests, and management's decision to allow perspective WI owners to elect to participate in before casing point activities after well production had commenced. PPA's were also done to address specific royalty owner lawsuits alleging underpayment of their royalty interest. They were seeking an increase in their RI plus interest for late payment. The well data set encompassed both company drilled and acquired properties. To arrive at the pre-acquisition 8/8th volume and value numbers, I downloaded and cross-verified information from the Texas Railroad Commission and the Texas Comptroller's Office. All of my work was completed within the statutory maximum 90 day royalty withholding payment period. Result: Both the volume and nature (complaints) of royalty calls were substantially reduced avoiding possible future lawsuits. Company avoided potentially having to pay interest on royalty withholdings exceeding the 90 day statutory limit.

Discovered Wyoming tight sands severance tax calculation error on 20 wells that occurred over the past 24 months. End-dated old revenue decks, set-up new decks, and confirmed that the accountant made the correcting entries properly. This discovery recouped an estimated $185,000 from the royalty owners. Gathered legal documentation and filed paperwork on 26 New Mexico wells that qualified for the reduced state royalty rate incentive. The estimated reduction in cash payments is $12,500/month.Built excel well cost center worksheet to be used in billing out $1,200,000 of legacy JV partner ad valorem tax charges.Researched and confirmed the accuracy of the Texas Royalty Payable account balance pertaining to the General Land Office and the University of Texas.Researched, gathered documents, and answered New Mexico audit requests on 32 wells.

Entered company operated and non-operated revenue purchase checks.Performed audit comparing year-to-date revenue check payments vs. accruals. Researched reasons for any differences and worked with the accountants to clear those differences before fiscal year end close. Researched and documented joint venture partners who were marketing their interest under the JOA but had not yet been charged for this service. Made sure the accountants had billed out the applicable marketing fee before the fiscal year had closed.

Filed and paid Texas Comptroller Severance Tax , Railroad Commission Production, and Railroad Commission R-3 Reports on 263 Eagleford properties.I discovered that a legacy acquisition operator (SM Energy) failed to file and pay severance taxes for 18 months. After negotiating with the Comptroller's office, I secured forgiveness of late payment penalties saving Talisman thousands.Reconciled and corrected past Texas Railroad Commission Production and R-3 Reports.

Booked operated and non-operated revenue checks while staff member was involved with SAP conversion.Conducted audit comparing payments received vs. accrual to identify and document missing and unresolved payment issues. Worked with the accountants to resolve differences.

Assessed current IT usage with the goal of recommending changes, upgrades, or new implementations to improve efficiency, accuracy, and timeliness while reducing overall costs.

• Corrected and submitted Texas EDI severance taxes for tax years 2007-2010 covering approximately 6000 oil and condensate purchases.• Repeatedly recognized by management for effectiveness in reconciling, documenting, and correcting outstanding purchaser balances.

• Booked oil revenue and accruals, buyback gas, and Production Handling Agreements.• Performed revenue variance analysis and account reconciliations.

Consolidated 3 separate acquisitions, totaling 245 properties and 34 purchasers in 2 states, into a single Excel file, which automatically allocated production volumes and revenue, calculated taxes, and created regulatory and purchaser information uploads. Built-in purchaser reconciliation formulas ensured high accuracy and greatly improved timeliness.

Thoroughly researched and cleared outstanding severance tax and TX General Land Office account balances without incurring any late payment penalties. I did this while distributing current revenues and taxes to all interested parties.

• Worked with State of Texas Comptroller's Office to recover over $160,000 in net overpaid taxes while avoiding late penalties on underpaid months.• Reformatted and mapped current month Excel spreadsheets to enable automatic reconciliation and uploading of revenue bookings and tax filings. This step eliminated any differences in revenues received vs. royalties and taxes distributed.