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Accounting Management
Land and Records Management
Downloadable Forms and Demos
Operations
Due Diligence
Oil and Gas Lease Brokerage
IT Services
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Lease Records

Division Orders
Document Preparation
Lease Offers/Well Proposals
Due Diligence

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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© copyright 2007, Humphrey Associates, Inc.