Tess Ray

Results-driven Accounting professional with over 15 years of experience supporting upstream oil and gas operators in revenue accounting, Joint Interest Billing (JIB), owner accounting, royalty accounting, production accounting coordination, and regulatory compliance. Extensive experience performing account reconciliations, revenue allocations, financial close activities, production validation, and audit support for operated and non-operated assets. Proven ability to collaborate with accounting, production, land, and operations teams to ensure accurate financial reporting, resolve account discrepancies, and maintain audit-ready records.

Highly proficient with SAP, Quorum, Oracle, BOLO, OGSYS, and Advanced Microsoft Excel. Recognized for quickly adapting to client systems, managing multiple priorities independently, and consistently delivering accurate financial results in remote consulting environments.

Accounting & Regulatory Consultant at Self-employed (2025-02 – Present)

Provide accounting consulting services supporting upstream oil and gas operators in revenue accounting, royalty accounting, financial reporting, and compliance.

• Perform account reconciliations, revenue allocations, financial analysis, and reporting support for multiple clients.
• Collaborate with accounting and production teams to validate production information supporting accurate revenue and expense allocations.
• Investigate and resolve accounting discrepancies while maintaining complete, organized, audit-ready financial records.
• Support month-end reporting activities, reconciliations, and financial close processes.
• Train accounting personnel on revenue accounting workflows, reconciliations, reporting requirements, and system processes.
• Successfully manage multiple client engagements in a fully remote consulting environment while meeting critical reporting deadlines.

Senior E&P Regulatory Associate at Consolidated Asset Management Services (CAMS) (2018-10 – 2025-01)

Supported multiple upstream exploration and production operators with revenue accounting, royalty accounting, and financial reporting activities.

• Prepared monthly royalty reports and supported owner accounting for state, federal, and tribal properties.
• Performed detailed account reconciliations supporting revenue distributions, royalty payments, and financial reporting accuracy.
• Coordinated with accounting, production, and operations personnel to validate production volumes and revenue allocations.
• Investigated and resolved account variances, reporting discrepancies, and owner inquiries.
• Assisted with month-end financial close processes, reconciliations, and audit preparation.
• Maintained complete documentation supporting internal controls and audit readiness.
• Served as subject matter expert supporting revenue accounting processes, reporting requirements, and upstream accounting operations.
• Trained accounting teams on revenue allocations, revenue booking, reconciliations, and reporting procedures.

Partner – Accounting & Tax Services at Ray & Associates / VITA (2016-09 – Present)

Prepare financial records, account reconciliations, adjusting journal entries, and tax reporting for individuals and small businesses.

• Perform financial analysis and maintain accurate accounting records supporting compliance and reporting requirements.
• Provide accounting consultation, budgeting assistance, and financial reporting support.

Senior Accounting & Revenue Accounting Consultant at Multiple Oil & Gas Operators (2012 – 2018)

Provided senior accounting consulting services supporting upstream operators including Enbridge, Hilcorp Energy, EnerVest, ENI Petroleum, Statoil, Southwestern Energy, Zarvona Energy, Castleton Commodities International, and Texas United Management.

• Supported operated and non-operated upstream accounting functions for major oil and gas companies.
• Performed revenue accounting, owner accounting, royalty accounting, revenue booking, and production accounting support.
• Coordinated with production and accounting teams to validate production volumes, pricing, and revenue allocations.
• Performed extensive account reconciliations involving revenue, production, royalty, working interest, and owner accounts.
• Assisted month-end close activities including reconciliations, reporting, and financial analysis.
• Supported acquisitions, divestitures, and asset transitions through financial reconciliations and accounting support.
• Assisted ERP implementations and system conversions utilizing SAP, Quorum, Oracle, BOLO, OGSYS, Horizon, and Tobin Enterprise Land.
• Developed accounting procedures, training manuals, and process improvements that strengthened internal controls and reporting accuracy.
• Recovered over $6.5 million in outstanding revenue through detailed account analysis and reconciliation.
• Recorded more than $1.8 million in previously unprocessed revenue.
• Helped organizations avoid more than $5 million in penalties through improved accounting and reporting processes.

Bachelor of Science in Accounting – Hampton University (1979)