Oil and Gas Management
- Receive and deposit production checks
- Monitor each property for missing and/or suspended production payments/collection of payments
- Review, verification and signing of division orders
- Evaluation of property tax values and protest of valuation when necessary
- Negotiation of lease terms and provisions on unleased properties/collect lease bonuses and damage payments
- Review and execution of working interest operating agreement and unit agreements
- Review and payment of joint interest billing (JIB) statements on working interest
- Negotiation of the purchase or sale of mineral interests
- Annual review of all oil and gas properties including the comparison and review of income and expenses, production rates and price of oil and gas products, and identification of properties having net losses and determination of cause
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