Oil and Gas Production Accountant
Oil and gas production accountants calculate and analyze production data. They calculate revenue and royalties associated with properties owned by oil companies. They also ensure reporting requirements are met.
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Production Accountant, Property Accountant
In Canada, the federal government groups and organizes occupations based on a National Occupational Classification (NOC) system. This alis occupation may not reflect the entire NOC group it is part of. Data for the NOC group can apply across multiple occupations.
The NOC system is updated every 5 years to reflect changes in the labour market. Government forms and labour market data may group and refer to an occupation differently, depending on the system used. Here is how this occupation has been classified over time:
In Alberta, this occupation is part of 1 or more 2006 National Occupational Classification (NOC) groups. If there are multiple related NOC groups, select a NOC heading to learn about each one.
Interest in administering accounting systems, examining financial accounts and records, preparing income tax returns from accounting records, and in maintaining internal control procedures
Interest in co-ordinating information to develop cost finding and internal control procedures; and in analyzing financial statements and reports
Interest in consulting with clients to provide financial, business and tax advice; may supervise articling students, other accountants and administrative technicians
To identify or change your interest codes, complete the Interests Exercise in CAREERinsite.
The interest code helps you figure out if you’d like to work in a particular occupation.
It’s based on the Canadian Work Preference Inventory (CWPI), which measures 5 occupational interests: Directive, Innovative, Methodical, Objective, and Social.
Each set of 3 interest codes for this NOC group is listed in order of importance.
A code in capital letters means it’s a strong fit for the occupation.
A code in all lowercase letters means the fit is weaker.
To fill in or change the values for your abilities, complete the Abilities Exercise in CAREERinsite.
A Quick Guide
You are born with abilities that help you process certain types of information and turn it into action. These abilities influence which skills you can learn more easily.
The abilities or aptitudes shown for this NOC group come from the General Aptitude Test Battery (GATB). The GATB measures 9 aptitudes. It groups them into 3 categories: mental, visual, and physical.
The abilities scores range from 1 to 5, with 5 being stronger.
Oil and gas production accountants keep track of the activity at well sites, pipelines, and other facilities and prepare monthly reports for the province, owners, and the Alberta Energy Regulator (AER).
In general, oil and gas production accountants gather production data and confirm pipeline deliveries. They also:
Production accountants usually work in offices. Working hours vary depending on the organization and level of responsibility. Overtime often is required at month-end and year-end. Depending on the position, some travel may be required.
Oil and gas production accountants need:
They should enjoy having clear rules and organized methods to guide their activities. They should also enjoy developing innovative solutions to problems and directing the activities of others.
In Alberta, this occupation is part of 1 or more 2016 National Occupational Classification (NOC) groups. If there are multiple related NOC groups, select a NOC heading to learn about each one.
This chart shows which job skills are currently in highest demand for this occupational group. It was created using this occupation's 99 most recent Alberta job postings, collected between Sep 07, 2022 and May 26, 2023.
Review these skills to learn:
Attention to detail | 73 |
---|---|
Tasks: Analyze financial documents and reports | 70 |
Tasks: Prepare financial statements and reports | 69 |
Tasks: Examine accounting records | 69 |
Construction Specialization: Reliability | 64 |
Construction Specialization: Organized | 63 |
Construction Specialization: Accurate | 63 |
Tasks: Prepare reports and audit findings | 60 |
Tasks: Develop and maintain cost findings, reporting and internal control procedure | 59 |
Construction Specialization: Excellent oral communication | 57 |
The minimum education requirement for oil and gas production accountants is a high school diploma. However, employers often prefer applicants who:
In conjunction with 2 post-secondary schools in Alberta, the Canadian Association of Petroleum Production Accounting (CAPPA) offers a 10-course certificate program. They offer the courses full time on campus and also in a self-paced, online format.
To expand or narrow your search for programs related to this occupation, visit Post-Secondary Programs.
Completing a program does not guarantee entrance into an occupation. Before enrolling in an education program, prospective students should look into various sources for education options and employment possibilities. For example, contact associations and employers in this field.
There is currently no provincial legislation regulating this occupation in Alberta.
Source: 2019-2023 Alberta Regional Occupational Demand Outlook
Oil and gas production accountants most often work for oil and gas companies whose head offices are located in large urban centres.
This section shows the industries where the majority of people in this occupation work. The data is based on the 2016 Census.
In Alberta, this occupation is part of 1 or more 2016 National Occupational Classification (NOC) groups.
In the 1111: Financial auditors and accountants occupational group, 78.0% of people work in:
Employment outlook is influenced by a wide variety of factors including:
In Alberta, the 1111: Financial auditors and accountants occupational group is expected to have a below-average annual growth of 1.8% from 2019 to 2023. In addition to job openings created by employment turnover, 541 new positions are forecasted to be created within this occupational group each year.
Note
NOC groups often include several related occupations. Although there is labour market data for the larger NOC group, this occupation makes up only a part of that group. It means data for this occupation may be different than the data shown. For example, only some of the new positions to be created will be for this occupation. It also applies to other data for the NOC group such as number of people employed.
Source: 2019-2023 Alberta Regional Occupational Demand Outlook
Employment turnover is expected to increase as members of the baby boom generation retire over the next few years.
In Alberta, this occupation is part of 1 or more 2016 National Occupational Classification (NOC) groups. If there are multiple related NOC groups, select a NOC heading to learn about each one.
Unless otherwise noted, the data shown here is for all industries and all regions in Alberta.
All wage estimates are hourly except where otherwise indicated. Wages and salaries do not include overtime hours, tips, benefits, profit shares, bonuses (unrelated to production), and other forms of compensation.
To see the full survey data for this NOC group, visit the wage profile.
Other wage sources
To make an informed wage and salary decision, research other wage sources [pdf] to supplement this data.
High Reliability, represents a CV of less than or equal to 6.00% and 30 survey observations and/or represents 50% or more of all estimated employment for the occupation.
Wages* | Low (5th percentile) | High (95th percentile) | Average | Median |
---|---|---|---|---|
Starting | $18.00 | $57.20 | $32.76 | $30.63 |
Overall | $23.96 | $65.91 | $41.04 | $38.00 |
Top | $27.40 | $83.78 | $51.41 | $46.34 |
Swipe left and right to view all data. Scroll left and right to view all data.
* All wage estimates are hourly except where otherwise indicated. Wages and salaries do not include overtime hours, tips, benefits, profit shares, bonuses (unrelated to production) and other forms of compensation.
Pay brackets for hourly wages
Oil & Gas Extraction | $105,764 |
---|---|
Transportation and Warehousing | $97,285 |
Utilities | $91,520 |
Educational Services | $88,434 |
Public Administration | $86,241 |
ALL INDUSTRIES | $79,752 |
Construction | $79,395 |
Manufacturing | $77,723 |
Information, Culture, Recreation | $76,821 |
Business, Building and Other Support Services | $76,203 |
Agriculture | $73,592 |
Professional, Scientific & Technical Services | $72,493 |
Finance, Insurance, Real Estate, Leasing | $72,235 |
Wholesale Trade | $69,453 |
Health Care & Social Assistance | $68,676 |
Retail Trade | $68,125 |
Other Services (Repair, Personal Services and Related) | $58,783 |
Accommodation & Food Services | $53,277 |
Canadian Association of Petroleum Production Accounting (CAPPA) website: cappa.org
Petroleum Accountants Society of Canada (PASC) website: www.petroleumaccountants.com
Get information and referrals about career, education, and employment options from Alberta Supports.
Updated Mar 31, 2020. The information contained in this profile is current as of the dates shown. Salary, employment outlook, and educational program information may change without notice. It is advised that you confirm this information before making any career decisions.