Marisa Hutchison, MBA
Controller at Prime Rock Resources LLC- Claim this Profile
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Bio
Credentials
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Certificate of Completion in Successfully Managing People
American Management AssociationJul, 2015- Oct, 2024
Experience
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Prime Rock Resources LLC
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United States
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Oil and Gas
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1 - 100 Employee
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Controller
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Oct 2018 - Present
Prime Rock Resources is a private equity backed Lime Rock Partners portfolio company that started in April 2017. In March 2022, we merged with Wayfinder Resources and have ownership in over 800 wells. As the Controller, I brought all accounting functions in house from a third party consulting firm and implemented and designed all new accounting procedures and software. My role encompasses multiple companies, including interests as a non-operated company as well as an operating company that span over multiple states. I oversee and perform all accounting functions, including financial statements, accounts payable, accounts receivable, joint interest billings, revenue distributions, cash management, expense reporting, document management, bi-weekly liquidity reporting, and accounting related presentations to the board of directors. Show less
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Weir Oil and Gas
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United States
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Oil and Gas
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700 & Above Employee
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Shared Services Project Manager
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Sep 2018 - Sep 2018
Project Manager for the global transition of Shared Services to Fort Worth, TX HQ.
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Regional Finance Manager
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Dec 2017 - Sep 2018
Weir Oil and Gas, a Scotland publicly traded company, is a global engineering firm with solutions for the oil and gas services industry via divisions for manufacturing wellhead and frac equipment, conventional frac stack rentals and patented simplified frac iron system, and surface control equipment rentals for drilling and completion operations.In the new created position of Southern Regional Financial Manager, I performed within the finance team and collaborated with operations, sales, purchasing, and commercial operations teams to operate all facets of the business efficiently and with transparency for the Southern region of pressure and surface control divisions with 7 locations throughout New Mexico, Texas, and Louisiana. I was responsible for training managers on how to read financials, and giving guidance to all levels of staff, and I was able to clear up error reports and reduce coding errors by 80%. I successfully wrote and obtained approval for the first Weir patented simplified frac iron system for the Permian basin, which had to be approved by the CFO, COO and CEO at Scotland Weir Group.My day-to-day duties included the three-day monthly close process for all Southern locations with general ledger review and journal and accrual entries, Master Business Review meetings with regional staff and then divisional directors, the capital expenditures process and business case with financial analysis, fleet tracking, monitoring payroll, fixed asset tracking and audit, inventory oversight and physical counts and A/P and A/R staff guidance. Show less
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Crump Energy Partners, LLC
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United States
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Oil and Gas
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Controller
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Dec 2009 - Sep 2017
Crump Energy Partners is a Private Equity funded Quantum Energy Partners Portfolio Company founded in 2009, focused on Non-Operated Exploration & Production. Crump Energy Partners divested to Linn Energy in 2013 as part of a $550M deal; Crump Energy Partners II divested to Marathon Oil Company in 2017 as part of a $1.1B deal. At the company's peak, I was the Controller for interests in over 500 wells with over 50 operators as well as over 40 other partnerships, trusts, and holding companies. I also acted as the Interim controller for start-ups Oryx Midstream (1 year) and Foundation Minerals (1 1/2 years). During my tenure, Crump Energy passed every annual audit with no audit adjustments ever required and I led the accounting process and tax partnership for three companies merging into a joint venture that created the largest privately held reserves in the Delaware Basin. My responsibilities as a Controller in an extremely lean environment included quarterly financial statements, tax schedules and coordination on the annual tax preparation, creation and implementation of procedures and internal controls, budget modeling with an accuracy rating within 10%, reservoir well analysis, complex acquisition accounting, derivative accounting, payout calculations, joint interest billings, revenue distributions, tracking of new drill expenditures of approx. $100M annually as part of capital expenditures budget, accounts payable, banking and reporting, board book preparation and redesign, scorecard and dashboard creation and maintenance. Show less
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thisRealty
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United States
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Real Estate
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1 - 100 Employee
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Property Management Accountant
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Aug 2009 - Nov 2011
I was responsible for all aspects of accounting for over 40 property locations and office buildings, each with a diverse ownership. All accounting aspects included CAM accounting (Common Area Management expenses allocated to tenants), reconciliation of more than a dozen bank accounts with three banks, full processing of accounts payables and receivables, tenant billings, contract workers payroll, 1099’s, journal entries and general ledger analysis, and monthly financial reports. I was responsible for all aspects of accounting for over 40 property locations and office buildings, each with a diverse ownership. All accounting aspects included CAM accounting (Common Area Management expenses allocated to tenants), reconciliation of more than a dozen bank accounts with three banks, full processing of accounts payables and receivables, tenant billings, contract workers payroll, 1099’s, journal entries and general ledger analysis, and monthly financial reports.
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Self Employed
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Feb 2009 - May 2009
Contract work for five oil and gas companies for accounting, audit, and financial statement preparation consulting. Contract work for five oil and gas companies for accounting, audit, and financial statement preparation consulting.
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Basic Energy Services
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United States
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Oil and Gas
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700 & Above Employee
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Regional Staff Accountant - South Permian Basin
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Jun 2008 - Feb 2009
In 2008, the corporate headquarters for Basic Energy Services was in Midland and it had the third largest fleet of well servicing rigs in the United States with a count of over 400 rigs and total annual corporation revenues over $1B. In the newly created position of Regional Staff Accountant for the Southern Permian Basin Region, I worked hand-in-hand with the Regional Controller in a region consisting of seven yards providing workover rigs, wireline, fluid services, frac tank rentals, and the largest plugging and abandonment operations in the Permian. Well servicing was 34% of the corporation’s revenues and the South Permian Basin Region encompassed 42% of that division as the largest region with approx. annual revenues over $140M. I was directly involved in the transition and merger for the $17M acquisition of Triple N Services. A significant accomplishment was overseeing five contract workers in preparing for a 2 1/2-year International Fuel Tax Agreement (IFTA) corporate wide compliance audit in which my region was found acceptable and saved the company from having a fine multiplier and millions of dollars in additional fines. An efficiency was achieved which reduced errors and increased processing efficiency by 50% via a creation of a redesigned process for yard staff payroll. My day-to-day responsibilities entailed regional accounts payable and receivable oversight, payroll for all yard staff, the AFE process including processing of regional capital expenditure authorizations totaling approx. $1M per month, monthly close process including all journal and accrual entry creation, scorecard financial tracking, IFTA reporting, cash management including petty cash guardianship, fixed assets oversight, budget projections, change orders for cell phones and all gas and credit cards, and regional IT requests and issues. Show less
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Accounting Assistant - Part Time
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2002 - 2008
As the assistant in a small environment to a CPA for seventeen entities encompassing individuals, trusts, limited partnerships, and a corporation, I was responsible for the processing of all accounts payable and revenues, annual tracking and remittance of ad valorem taxes for eight counties, among other general office and bookkeeping duties. As the assistant in a small environment to a CPA for seventeen entities encompassing individuals, trusts, limited partnerships, and a corporation, I was responsible for the processing of all accounts payable and revenues, annual tracking and remittance of ad valorem taxes for eight counties, among other general office and bookkeeping duties.
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Real Estate Agent
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2000 - 2001
As an experienced Realtor, I worked with buyers and sellers in a highly competitive and tight market, performed pre-qualification, lender setup, cold-calling, and negotiation of all offers and contracts through closing, as well as assisting with training and orientation of new realtors. As an experienced Realtor, I worked with buyers and sellers in a highly competitive and tight market, performed pre-qualification, lender setup, cold-calling, and negotiation of all offers and contracts through closing, as well as assisting with training and orientation of new realtors.
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Lois Oliver Real Estate
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United States
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Real Estate
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1 - 100 Employee
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Office Manager / Property Manager / Real Estate Agent
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1996 - 2000
I started with Lois Oliver my junior year in high school as the office manager. My initial duties were bookkeeping and managing multiple bank accounts, payroll inclusive of all state and IRS reports, designing all advertising campaigns, and I learned how to design web pages during a time when one had to know html and pixel size programming and won several awards for my designs. I subsequently obtained my real estate license and became a Real Estate Agent and performed full service property management from qualifying new tenants to collections and court filings and evictions, oversight of all repairs, disbursements to owners, monthly owner reporting, and annual 1099 preparation. Show less
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Education
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2018 - 2019
University of Oklahoma
Executive MBA in Energy, 4.0 -
2005 - 2008
University of Texas of the Permian Basin
Bachelor of Business Administration (B.B.A.), Accounting
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