Your Interest Ownership Management Solution
Joint Interest Billing Collection
- Fixed fee schedule
- Pass through legal expenses
- If uncollected: We can facilitate the lien filing – or buy out the interest
Hired Assassin
Concierge Ownership Transfer (TM)
- Quickly onboard transactions ensuring all ownership interests of the wells in your PSA are transferred correctly the first time
- Complete Ownership Transfer on a per well / interest basis
- Deed Creation, Filing with the county, Operator/payor notification, Receive and verify Division Order, Deliver fully executed division order -or- maintain the interest on your behalf to ensure accurate revenues are being received
Business Associate | Joint Interest Billing Deck Verification
- Eliminate suspense/escheat requirements for bad addresses
- Reduced costs associated with check printing, postage and ultimately legal expense to validate title
- Expedite transactions with clean datasets
Patron JIB Collection
File Opening
Document Collection
Process Discussion
- JOA / MSA Review
- Dispute Procedure defined
- Audit Rights Defined
- Lien Waiver Defined
- Lease Operating Statement
- Division Order/Ownership Documents
Results
- Once collected, funds transfer to account of record
- Affidavit prepared and filed in subject property
- Lien documentation prepared and filed in subject county
Touchpoints
- Dunning I
- Dunning II
- Affidavit Claiming Lien to all Owners of Record (working and royalty interest)
- File Affidavit Claiming Lien in County Clerk Records in Subject County
- Dunning III
- Lien Filing*
- Physical Mail and Phone calls to locate point of contact to occur weekly
JIB Collections Outsourcing
Transfer administrative responsibility for only:
- Flat Fee Per Well
- 25% of Revenue Collected
- +Passthrough legal expense*
Hired Assassin
“Its a great day to
be in pay”
Ensure all interest in each well of your transaction has been transferred correctly and quickly
Results
- Effective transfer of interests quickly
- Seamless onboarding of transactions
- “6 months into our transaction we brought in HA, in 1 month we went from receiving $250k per month to over 3 million “
Tournament Schedule
- Create and file conveyance documents
- Notify operators and payors of ownership change
- Ensure Division Order is received and validate ownership percentages
- Deliver fully executed division orders for internal management -OR- Continue Wells processed on JIB collection maintenance to ensure accurate payment of interest
Scalable Fee Structure
Pass Through Legal Expense
Flat Fee Per Well
What You See
- Consistent communication / outreach to delinquent party
- Scheduled touchpoints with physical mail and phone calls built in over three Dunning Cycles
- Weekly updates of account status
- Expedited timeline for account recovery
- Dedicated personnel to obtain financial
- Power BI Dashboard to illustrate progress
What You Don’t See
- Increased staffing needs to resolve an administrative burden
- Extended periods of inconsistent cashflow
- Maintaining decks of non paying parties because it isn’t economical to take legal action
- Incomplete accounting periods
- Increased write-off volumes
- Delayed accounting close or increase Prior Period Adjustments