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Land Department
ARI provides a variety of land support services that are designed to assist our clients in focusing on their short and long-term exploration and production goals. As our satisfied clients can attest to, outsourcing land work to ARI leads to a reduction of tedious in-house administrative, technical, and clerical work.
Our full-time staff can serve your company’s needs on either a permanent or a weekly, monthly, or project-long basis. Whether your company requires a knowledgeable source for an integration of recently acquired properties or an audit of data from a previously input acquisition, ARI’s land department has been handling a wide array of projects at a variety of experience levels for over a decade. In addition, ARI’s land department offers its clients 24/7 remote access to all their records via our scanning and server applications and utilizes all of the latest software packages employed throughout the oil and gas industry.
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
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.
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
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
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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