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Financial Management Branches and Responsibilities


The Financial Management (FM) Division Chief is Robert Prael.
The FM Division consists of four branches:

Accounting Services

  • Processes all rents, royalties and bonuses paid to ONRR for Federal or Indian mineral leases (currently >$11 billion per year)
  • Maintains the general ledger for ONRR (assets, liabilities, revenues and expenses)
  • Manages investment portfolios in excess of $1.1 billion in value
  • Prepares, reconciles, verifies and transmits all required financial reports to Treasury and to the Department of the Interior
  • Distributes revenues in accordance with Federal law (to States, Counties, other Federal agencies, and BIA – for Indian Tribes and individual Indian allottees)
  • Provides Explanation of Payment data to all recipients
  • Prepares daily deposit reconciliations for the monies deposited with Office of the Special Trustee for American Indians

Financial Services

  • Ensures that industry reporters follow Federal laws, regulations, and lease terms in their financial reporting to the ONRR
  • Bills for late payment interest on Federal, Indian, Solid Mineral, and Geothermal leases
  • Bills for insufficient estimates on Federal, Indian, Solid Mineral, and Geothermal leases
  • Bills for over-recoupments on Indian Leases
  • Bills for rental, minimum royalty, deferred bonus, rights-of-way and other financial term exceptions
  • Pays interest for overpayments on Federal leases
  • Prepares manual bills for civil penalty, diligent exploration expense, and other miscellaneous collections/billing actions (debt collection)
  • Serves as a customer service focal point for customers to answer any financial questions (bill questions, database questions, and payment questions)
  • Provides both formal and informal training to industry

Production Accounting and Verification Services

  • Establishes and maintains well/FMP reference database, including error correction
  • Provides formal and one-on-one training to industry reporters
  • Receives and processes production reports
  • Verifies corroborative reports to production reports and source documents
  • Coordinates with BLM and OEMM on surface management issues
  • Manages electronic reporting activities

Reporting Services

  • Establishes and maintains the reference database, including error correction
  • Conducts data mining activities including adjustment line monitoring and volume comparisons
  • Provides both formal and informal training to industry reporters
  • Receives and processes royalty reports
  • Coordinates with BLM and OEMM on surface management issues
  • Manages electronic reporting activities