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Jim Burgin & Associates, Inc. has
the human resources available to provide a complete, confidential, and
professional land service for our clients. All of our employees and Independent
Contractors own their own computers and are proficient in MS Word, MS Excel, MS
Access, Greenbrier Graphics, LLC, and Arc-View GIS Mapping Service. These Computer
assisted functions result in greater productivity at reduced costs, making the
system an interactive part of Jim Burgin's management and overall service to
clients. In meeting the need to reduce paper work, Jim Burgin & Associates,
Inc. is EDI (electronic data invoicing) capable and has developed a database
that interfaces with accounting for tracking expenses of all work performed. |
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| Oil, Gas and Mineral
Lease Take-Off |
Status Report
Numbered and Color Coded computer generated map showing:1. Un-leased tracts of
land Lessor
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Address if available
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Telephone Number if available
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Gross Acres
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Net acres at request of client
2. Leased Tracts of land showing:
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Lessor
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Lessee
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Number of gross acres
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Recording information
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Royalty
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Term
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Rentals
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Expiration date
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Depth Restrictions
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Other Special Provisions
3. Acreage Held By Production
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Name of unit
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Recording information
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Operator
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Depths designated
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| Oil, Gas, and
Mineral Lease Acquisition |
Status Report:
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Lessor
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Lessee
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Gross Acres
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Net Acres
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Bonus paid per net mineral
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Delay rentals if applicable
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Term
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Expiration date
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Recording information
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Option to extend if applicable
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Extension consideration
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Depth restrictions if applicable
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Special Lease Provisions
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Gross and Net Acres in Prospect
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Total Gross and Net Acres signed
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Total Bonus Spent and committed
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Total of unleased acreage
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Total acreage within prospect that is leased to competitor or HBP
Lease Packets:
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Original Lease
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Original paid draft if taken in Jim Burgin & Associates, Inc.'s name
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Copy of draft if taken in Client's name
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Copy of executed lease if requested
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Lease Purchase Report
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Colored Plat of Leased Acreage
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Acquisition Deed
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Tract Mineral Profile
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Cursory Title
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| Seismic Options |
We have optioned and/or permitted thousands of acreage for the
conventional 2D and 3D seismic shoot. We own licenses to Permit Assistant
Database (PAD). PAD is a Microsoft Access database program that generates
permits, options, IRS 1099 forms, checks and all other pertinent information.
We take pride in providing the best service in the most economical manner. |
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Abstracting Land, Mineral & Royalty Title |
We have prepared thousands of
Title Runsheets from sovereignty to present. We established a very good working
relationship with the Oil and Gas Attorneys. With the client's permission and
the attorney's permission, we obtain obvious title curative and submit the
curative with their runsheets (i.e. Subordination Agreements, Ratifications
from Non-Participating Royalty Owners, Release of Liens, Affidavits of Use and
Possession and Non-Production). This reduces the number of title requirements;
therefore, the title cost is also reduced. |
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| Due Diligence |
We have the human resources available
to provide highly specialized and organized teams to perform comprehensive and
detailed due diligence related to both property acquisition and divestiture. We
have many years of experience in assisting companies (ranging in size from
majors to smaller independents) in both the acquisition and divestiture of core
and non-core assets
Our due diligence teams are an extremely diverse group possessing many years of
in-house experience on their resumes. Typically, we strive to uncover purchase
price adjustments favorable to our clients in a particular acquisition by the
thorough review of the perspective company’s records. Our research provides
information relating to all phases potentially affecting the value (and
subsequent final adjusted purchase price) of the properties in question,
including, but not limited to:
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Verification of Represented Interests
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Joint Interest Billing Review & Analysis
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Revenue Division of Interest Review & Analysis
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Contractual Review & Analysis
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Identification of Other Material Title Defects
In addition, Jim Burgin & Associates has the resources available to conduct
thorough title searches and lien checks related to such properties on a
field-wide basis, in order to verify information and obtain those items
necessary to complete the due diligence process. We also have the resources and
expertise to perform other functions related to any acquisition or divestiture,
such as assisting in the preparation of lists of title defects and responses to
title defects, and in the preparation of assignments and exhibits. Finally, at
the end of the due diligence process, we will submit a comprehensive and
detailed summary of the subject divestiture or acquisition.
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Right-of-Way and Surface Acquisition |
We have thirty (30) years of
experience in coordinating a professional, diplomatic approach to right-of-way
acquisition. Our portion of the projects were to handle all land issues
including, but not limited to the following:
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Title
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Negotiations
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Acquisition
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Permits
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Eminent Domain Proceedings
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Appraisals
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Surface Damages
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Title Curative Documents
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Expert Witnesses Testimony
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Computerized Project Records
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Property and Project Management
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Due Diligence for Acquisition and Divestiture
All of our Agents hold Texas Real Estate License or registered with the Texas
Real Estate Commission as Easement or Right-Of-Way Agents.
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