Summary
Overview
Work History
Education
Skills
Certification
Timeline
Generic

Jeremy M. Osborne

Flower Mound

Summary

Dedicated, adaptable and highly ethical professional with a proactive attitude and the ability to learn quickly. Strong work ethic and effective communication skills. Eager to contribute to a dynamic team and support organizational goals.

Overview

22
22
years of professional experience
1
1
Certification

Work History

Controller

Elephant Oil and Gas
Dallas
02.2024 - Current
  • Managed all accounting functions, including financial reporting and regulatory compliance for upstream oil and gas partnership.
  • Managed the preparation of budgets, forecasts, cash flow analysis, trend analysis and other related activities.
  • Achieved unqualified opinion in 2023/2024 GAAP-based financial audit through meticulous preparation of statements and schedules.
  • Identified and rectified Ad Valorem Tax discrepancies over multiple years, benefiting Elephant and WI owners.
  • Developed comprehensive Power BI reporting package for monthly management review.
  • Implemented cash sweep strategy to enhance interest income on unutilized cash.
  • Prepared and presented operational reports to senior management and executive teams.

Director of Financial and Operational Reporting/Controller/FR Manager

Peregrine Petroleum-Family Office
Dallas
02.2014 - 02.2024
  • Responsible for external and internal financial reporting, cash flow forecasting/modeling, and operational reporting for an independent upstream oil and gas partnership. Promoted from Financial Reporting Manager to Controller, to Director over tenure.
  • Successfully led the team through annual GAAP-based financial audits for all years, with each year resulting in an unqualified opinion. Prepared statements, footnotes, and related recons/schedules for the related audits each year.
  • Worked closely with senior leadership and principals on business strategy, as well as financial analysis and in-depth prospect modeling.
  • Responsible for the implementation of ASC 842 and 605.
  • Developed various internal reporting packages, as well as KPI reports, using Power BI and Microsoft Excel.
  • Successfully converted all JIB, revenue, and general cost centers for all assets, with related divisions of interests and accounts, from Microsoft Dynamics to Quorum. Created and mapped a new financial reporting module from the legacy system.
  • Maintained a relationship with a consortium of banks, as well as reporting for a credit line with maximum commitments of $150 million.
  • Integral in various acquisitions and divestitures, as well as related accounting for such, in which some were in excess of $300 million.
  • Due to diversity in COPAS knowledge saved the organization over $1MM in drilling charges on several non-operated wells.
  • Recruited, trained, supervised, evaluated and mentored staff members.

Advisor/ Non-Operated Asset Supervisor

Exxon Mobil Corporation/XTO Energy Inc.
Fort Worth
01.2011 - 01.2014
  • Primarily responsible for advising 12 joint interest staff on various oil and gas topics, issues, and special projects, as determined by management. Was responsible for the accounting of non-operated acquisitions and divestitures. Promoted from Non-Operated Asset Supervisor to Advisor/SME.
  • Integral role in the successful merger of Exxon Mobil United States Production for Mid-Continent and Orphan States into XTO's accounting system in early 2013. Functional area responsibilities included operated and non-operated assets, payouts, net profit agreements, accounts receivable, allowance for doubtful accounts, division of interests, and other miscellaneous items. items.
  • Developed a database with IT to capture current and prior disputes from JIBLINK/Energylink to facilitate exposure determination for CAPEX and OPEX ($67-$100M exposure).
  • Developed the first procedure manual for non-operated Joint Interest staff, which included system demonstrations, what-if analysis, current procedure checklists, and various system/corporate responsibility definitions.
  • Responsible for non-operated cash calls, reconciliations, and disputes; $100MM and $200MM in advances.
  • Recruited, hired, trained, mentored, coached, evaluated, and terminated staff as necessary.

Cash and Controls Supervisor

Exxon Mobil Corporation/XTO Energy Inc.
Fort Worth
01.2008 - 01.2011
  • Primarily responsible for developing and supervising five cash application accountants/analysts, and monthly reporting and variance analysis on domestic production OPEX, with monthly manager and director review. Responsible for all operated joint-interest audits and formal responses.
  • Successfully met reporting deadlines year after year for all cash accounts (26), of which two routinely had activity in excess of $500 million to $1 billion a month.
  • Successfully implemented coding rules and requirements interface for new banking software to the accounting system.
  • Provided monthly and quarterly flux, P&L analysis on upstream business segments for all domestic subsidiaries.
  • Responsible for portions of each non-operated acquisition and divestiture, of which some of the related acquisitions were in excess of one billion dollars in assets.
  • Maintained a tight 48/52 week schedule of joint interest audits for several years, while managing two associates who handled responses and resolutions.
  • Responsible for corporate insurance recoveries under its ANWS insurance policy related to Hurricane Ike and Gustav, which spanned over three years.

Joint Interest Manager/Senior Accountant

Hunt Petroleum Corporation
Dallas
01.2003 - 01.2007
  • Supervised operated and non-operated Joint Interest Accounting functions for a large, privately held oil and gas corporation with onshore and offshore operations. Promoted from Staff Accountant to Senior Accountant, and then to Joint Interest Manager for both operated and non-operated properties.
  • Assisted with the preparation of annual consolidated tax basis financial statements, cash flow statements, and related footnotes for Hunt Petroleum and three GAAP trust entities for KPMG.
  • Re-couped a substantial amount from working interest partners related to previous incorrect 2006/2007 overhead allocations.
  • Successfully re-billed several multi-million-dollar offshore projects, which had multiple owners as well as different drilling caps that had been incorrectly accounted for, resulting in net gains to Hunt.
  • Instrumental in divestment and related acquisition accounting to XTO Energy in 2008.

Education

M.B.A. -

Texas A&M University-Commerce
Commerce, Texas

B.B.A. - Business Administration

Texas Tech University
Lubbock, TX

Skills

  • Microsoft Office Suite
  • Data analysis and reporting
  • Advanced Excel techniques
  • Scenario modeling
  • Operational reporting
  • Financial reporting/analysis
  • Financial forecasting
  • Cash flow analysis
  • Power BI reporting
  • KPI development
  • Staff training
  • Fixed asset management
  • Budget development
  • Audit management
  • Regulatory compliance
  • Treasury operations

Certification

  • CPA-Texas

Timeline

Controller

Elephant Oil and Gas
02.2024 - Current

Director of Financial and Operational Reporting/Controller/FR Manager

Peregrine Petroleum-Family Office
02.2014 - 02.2024

Advisor/ Non-Operated Asset Supervisor

Exxon Mobil Corporation/XTO Energy Inc.
01.2011 - 01.2014

Cash and Controls Supervisor

Exxon Mobil Corporation/XTO Energy Inc.
01.2008 - 01.2011

Joint Interest Manager/Senior Accountant

Hunt Petroleum Corporation
01.2003 - 01.2007

M.B.A. -

Texas A&M University-Commerce

B.B.A. - Business Administration

Texas Tech University

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