
Lease Records
Division Orders
Document Preparation
Lease Offers/Well Proposals
Due Diligence |

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Lease Records Services:
- Input leases onto data system; either ARI’s integrated Petrocomp software system or remotely onto the client’s system.
- Scan leases for easy access by client
- Review and analyze leases for vital clauses and obligations
- Prepare reports from system such as Acreage Inventory or Exhibit “A”s for assignments or custom reports as needed by client
- Research title opinions for curative requirements. Obtain documentation for curative
- Research for mineral and company net acreage. Calculate GWI, NRI, ORRI on a lease basis
- Review Chain of Title to confirm ownership
- Research well information using the Internet to setup producing leases
- Prepare leasehold ownership plats
- Organize and/or prepare lease record files
- Order recorded documents through county clerks or abstract companies
- Process leases for payment
- File instruments of record
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Division Order Services:
- Verify interest and prepare division orders for execution
- Research, calculate and prepare division of interests for producing wells
- Research and prepare burden breakdown spreadsheets
- Review and research Division Order Title Opinions for requirements
- Obtain items needed for release of funds in suspense
- Prepare OCC filings for eschewed funds
- Prepare and/or furnish documents needed to satisfy any requirements
- Audit production for Overriding Royalty ownership’s to insure 100% funds received from all WI owners.
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Document Preparation Services:
- Prepare and/or furnish documents needed to satisfy division order/lease records requirements, i.e., Affidavit of Identity
- Prepare Joint Operating Agreements
- Prepare Farmout Agreements
- Prepare Gas Contracts
- Prepare Unitization Agreements
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Lease Offers/Well Proposals:
- Review, research and recommend terms for lease offers or well proposals
- Prepare leases with addendum with various clauses as desired by client
- Prepare mass mailings for lease offers or well proposals
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Due Diligence:
- Verify sellers cash flow representations
- Verify sellers working and net revenue interest representations
- Review well files - farmout agreements, joint operating agreements, etc.
- Review well payout status, reversionary interests, etc.
- Review gas contracts - terms, pricing, nominations, gathering agreements
- Review regulatory compliance - Federal and State
- Verify sellers gas imbalance representations
- Review gathering system imbalances
- Transfer of Title, revenue payments and contracts
- Notification to all purchasers, operators and vendors
- Preparation of Transfer Orders, exhibits to assignments
- Preparation and Recording of Agency Assignments (BIA, BLM, and State)
- Filing of Agency lease bonding requirements
- Preparation and distribution of letters in lieu
- Follow up of all correspondence
- Coordinate and supervise manual and mechanical conversion of records
- Review and organization of files to identify contract and marketing status
- Preparation of contract briefs and other organizational reports
- Automation of contracts and records
- Contract/Actual price reconciliation
- Identification of gas nomination and allocation problems
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