Due Diligence
We specialize in complex due diligence.
We have helped buyers successfully close on over $6B in non-op and royalty assets in 12 states. This includes thorough review of title, revenue statements, leases and material contracts. We systematically manage the defect process to ensure the most value is covered before closing. We prepare memos and exhibits related to Post-close, we are experts at handling the notice of transfer process with operators and getting newly acquired interests in pay status.
We have helped sellers prepare for sale over $1.5B in non-core assets across 32 states. This includes researching and mapping every interest/segment, confirming ownership interest, determining what interests lie within in a unit, and otherwise organizing and preparing asset files. This level of preparation and data organization can enhance an asset’s market value exponentially. It also ensures contract compliance and accurate revenue payments, and gives our clients the ability to respond to inquiries in real time. In one case, our client ultimately opted not to sell after becoming aware of details concerning their ownership.
- Confirm mineral and leasehold ownership
- Check for taxes, liens, judgments and encumbrances
- Review WI, NRI, ORRI burdens
- Identify all defects associated with the leases and subject agreements
- Identification, notation and fulfillment of all curative requirements
- Ensure all DTO and DOTO requirements have been reviewed and satisfied
- Review HBP status and confirm production and/or all obligation payments
- Lease provision summarization, obligation review and integration
- Transactional documents preparation
- Surface and right-of-way title verification, including facilities and other real property
- Review contracts for obligations and/or burdens on future interest
- Identify consent to assign and preferential right to purchase provisions and send notifications to owners
- Provide necessary documents needed for ownership transfers with current operators
- Ensure local and national governmental compliance on all transactions
SUPERCHARGE YOUR DUE DILIGENCE
By implementing custom EDGE apps into your due diligence process, you can get the info you need, when you need it. Here are 8 reasons to supercharge your due diligence process.
