Ashland Exploration, Inc.

Manager Revenue Accounting

Houston, Texas/Oct 89 - Sep 92

Ashland Exploration, Inc. is engaged in exploration for and production of crude oil and natural gas in the United States and overseas.

  • Responsible for the accounting of all-domestic oil & gas revenues and royalties for a $.7 billion business unit with $300+ million in revenues from over 5,500 wells (108,000Mcf / day).
  • Led the re-engineering of the revenue department during a rapidly changing deregulating market period, when AEI acquired 3,500+ wells from several key acquisitions.
  • Recruited, hired and trained 2 entry-level accountants.
  • I aggressively quantified $1 billion in claims involving natural gas sales contracts that were abrogated by Columbia Gas Transmission in 1991 and settled in 1995 for $78 million.
  • I received President’s Award for employee excellence for the successful implementation of Excalibur and assimilation of two major lease acquisitions.