Full List of Management Services

FULL MANAGEMENT SERVICES

Mammoth Creek Royalty Management, LLC provides complete oil and gas property management and oversight for mineral interests, surface interests, working interests, royalty overriding royalty and non-executive interests including:

  • Full-spectrum land administration
  • Full-spectrum oil and gas accounting
  • Revenue handling/processing/distribution
  • Ad valorem tax payment
  • Pro-active mineral leasing
  • Dormant mineral research
  • Cataloging of all properties/wells/leases
  • Mapping of interests
  • Environmental site assessments
  • Development/production analysis and audit
  • Property evaluation and appraisals
  • Division order analysis and audit
  • Oil and gas lease review and negotiation
  • Suspended or escheated funds research
  • All engineering and field inspection oversight
  • Gas balance monitoring, marketing if required
  • Property records and lease records maintenance

MANAGEMENT SERVICES FOR OIL AND GAS INTERESTS

Minerals

  • Research ownership and history of interest when required
  • Review and research all legitimate offers to lease, purchase, farmout of well participation
  • Prepare and secure execution of leases and drafts
  • Process lease bonus monies for collection
  • Receive and record bonus payments
  • Prepare farmout agreements
  • Negotiate terms and documentation
  • Technical review of well participation by engineers when needed
  • Recommend action
  • Determine whether to respond to OCC and TRRC actions
  • Receive and record rental payments
  • Monitor compliance of oil & gas lease provisions
  • Maintain all files
  • Receive and process all Division Orders
  • Compute (PPI) Production Payment Interest
  • Monitor deduction for post production activities
  • Monitor sales of oil and gas
  • Monitor gas balancing
  • Maintain mineral inventory
  • Provide income/expense reports as requested
  • Calculate depletion if requested
  • Record royalty income, purchaser, taxes and production by product
  • Pay all Ad Valorem Taxes on Production Only
  • Provide year-end tax worksheets

New Wells

  • Reviewing, preparing and negotiating lease agreements
  • Prepare and negotiating surface damage agreements
  • Review and curative of title requirements
  • Monitor OCC spacing and pooling activities
  • Review and monitor farmouts and farmins
  • Assignment preparation for after payout interest, etc.
  • Assist in lawsuits
  • Monitor rentals or other special payments
  • Set up lease files
  • Track AFE invoices and pre-pays on drilling/workovers

Non-Producing Properties

  • Market unleased acreage for development
  • Dormant mineral filings
  • Monitor and collect all shut-in, lease and rental payments
  • Evaluate and make recommendation of all well, farmout and lease proposals

 

Non-operated Working Interest

  • Maintain files
  • Process all revenue
  • Monitor gas balancing
  • Monitor compliance with gas sales and gathering contracts in force and effect
  • Sending documents for recording
  • Log income/production information on gross and net basis
  • Review, prepare and process all Division Orders
  • Receive AFE's and perform technical review
  • Evaluate alternatives to proposals
  • Prepare written recommendations for significant well/workover proposals
  • Review and process all JIB's received
  • Provide for approval all JIB's
  • Interface with administrator on expenditures exceeding authorization limits
  • Prepare and mail JIB checks
  • Monitor well pay-outs as necessary

Operated Properties

  • Purchaser revenue collection and system entry for tracking and reports
  • Payment of all revenue owners and provide income summary statements
  • Receive, approve, code and pay Joint Interest Billings (JIB's)
  • Provide invoices for approval over a pre-set range for owner approval
  • Prepare monthly lease operating statement for review
  • Prepare and mail industry standard JIB Statements to all owners including a well summary, well detail and general statement of account status indicating current/past due amounts
  • Telephone contact past due working interest owners on JIB's after 60 days
  • Collect production run volume totals for reporting
  • Provide inventory accounting designed under COPAS using the Current Value Method
  • Properly allocate of Depletion, Depreciation
  • Bill working interest owners of well services using the Cost Method
  • Handle all severance tax and MMS reporting
  • Reports and filings to the appropriate state regulatory agencies

Surface Interests

  • Surface Use and Damage Agreement Negotiation
  • Right-of-Way and Damage Agreements
  • Crop Damage Agreements
  • Water Usage Agreements
  • Easements
  • Caliche, Sand, and other building material Contracts
  • Pipeline, Electrical, or Roadway Crossing Damages
  • Wind Energy Contract Negotiation
  • Environmental Assessments
  • Wellsite Surface Inspections
  • Water Well Requisite
  • Surface Maintenance Oversight and Regulation

Reporting on above Functions Will Include:

  • Oil/gas sales
  • Production volumes
  • Pricing data
  • Gross revenues (oil, gas, plant products, leasing, surface, interest, misc.)
  • Production/severance taxes
  • Operator deductions
  • Production and miscellaneous expense
  • Management fees
  • Net cash flows
  • Account statements as requested i.e. monthly, quarterly, annually
  • Year-end tax package
  • Tracking of any tight sand gas credits
  • Calculating of percentage and/or cost depletion