Job Information

ConocoPhillips Cost Analyst - Bakken in WATFORD CITY, North Dakota

Title: Cost Analyst - Bakken


Job Number: 00VBL

Who We Are

We are one of the world’s largest independent exploration and production companies, based on proved reserves and production of liquids and natural gas. With operations and activities in 13 countries, we explore for, develop, and produce crude oil and natural gas globally. We are challenged with an important job to safely find and deliver energy to the world. Our employees are critical to our success, and with them we power civilization.

We’re grounded by our SPIRIT Values – safety, people, integrity, responsibility, innovation, and teamwork. These values position us to deliver strong performance in a dynamic business – but not at all costs. We believe it’s not just what we do – it’s how we do it – that sets us apart.

We strive to make a significant difference in the communities where we live and operate. We create an inclusive environment that values all voices and opinions. Together, the different backgrounds, experiences, ideas, and perspectives of our employees drive our success.

Bakken Overview

The Bakken is a large shale play located in the Williston Basin, which stretches across portions of eastern Montana and western North Dakota. The company’s position in the Bakken development area is comprised of approximately 560,000 net acres, which include 382,000 net mineral acres and 178,000 net leasehold acres. The company focuses on unconventional tight-oil play development and production in the most prolific portion of the basin. Operational and capital efficiencies continue to improve in the basin through the use of multi-well pad drilling, completion optimization, facility design changes and data analytics. In 2021, net production from the Bakken averaged 94 thousand barrels of oil equivalent per day.

Quality of Life Incentives

ConocoPhillips’ offers additional benefits to support employees living and maintaining a primary residence in the Watford City, ND area. For more details visit: Living in the Bakken ( and view the Living and Working in Watford City ( video.

Quality of Life Incentives

ConocoPhillips’ offers additional benefits to support employees living and maintaining a primary residence in the Dickinson, ND area. For more details visit: Living in the Bakken ( .


If you are selected as the Cost Analyst, you will be providing support to Base Facilities and Operations that manage upstream oil and gas facility and pipeline projects in the Bakken.

Your responsibilities may include:

  • Complete monthly capital and operating expense accruals (WIP)

  • Prepare capital and expense budgets for all Bakken operations in support of ongoing outlook and long-range planning exercises

  • Collaborate with finance, capital projects, base facilities, operations and maintenance teams to identify cost variances and realize efficiencies

  • Lead monthly multi-discipline cost accrual meetings to drive business performance and identify threats

  • Provide guidance in the preparation of new AFE generation including budget allocation

  • Assist invoice processing for Base Engineering and Operations group through cost code validation

  • Handle all vendor queries that relate to the Cost Analyst's area of responsibility

  • Coordinate with supply chain on updated contractual prices to ensure accurate budgeted costs



  • Must be legally authorized to work in the United States as a U.S. citizen or national, or an alien admitted as a permanent resident, refugee or asylee

  • 3 years of experience in accounting or finance

  • 1 years of experience in the oil and gas industry

  • Advanced proficiency with Microsoft O365 applications: Excel, Outlook, PowerPoint, SharePoint, Teams and Word

  • Advanced level of proficiency in SAP


  • Associate degree or trade school certificate or higher in Accounting, Business, Finance, other related field or foreign equivalent

  • Advanced level of knowledge in field operations, construction operations, downhole completion equipment & techniques, and workover operations

  • Advanced level of knowledge in compression, plunger lift, rod pump, chemical treating, etc. operations on high pressure and low-pressure gas and oil wells

  • Demonstrated leadership in promoting safe work practices

  • Excellent communication skills in working with multiple disciplines

  • Motivates and encourages people to achieve their best and to pursue goals that enable success

  • Excellent project management skills, including the ability to manage high priority projects with a variety of team members, objectives, and deadlines

  • Facilitation and presentation skills with the ability to gain the confidence and trust of stakeholders

  • Intellectually curious and critical thinker with the ability to develop and transform ideas into pragmatic recommendations

  • Willing and able to learn new concepts and business practices

  • Demonstrated analytical skills

  • High level of accuracy and attention to detail

  • Able to handle multiple tasks and efficiently prioritize work to meet deadlines

  • Ability to work in a fast paced team environment with ability to meet tight deadlines

  • Delivers results through realistic planning to accomplish goals

  • Takes ownership of actions and follows through on commitments by holding others accountable and standing up for what is right

  • Builds effective solutions based on available information and makes timely decisions that are safe and ethical

  • Listens actively and invites new ideas for exchanged opinions, then influences and acts to drive positive performance and achieve results

To be considered for this position you must complete the entire application process, which includes answering all prescreening questions and providing your eSignature on or before the requisition closing date of July 6, 2022.

Candidates for this U.S. position must be a U.S. citizen or national, or an alien admitted as permanent resident, refugee or asylee. Individuals with temporary visas such as A, B, C, D, E, F, G, H, I, J, L, M, NATO, O, P, Q, R or TN or who need sponsorship for work authorization in the United States now or in the future, are not eligible for hire.

ConocoPhillips is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, age, disability, veteran status, gender identity or expression, genetic information, or any other legally protected status.

Job Function: General Administrative

Job Level: Individual Contributor/Staff Level

Line of Business: GULF COAST & ROCKIES

Title: Cost Analyst - Bakken