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Oil property management companies typically offer professional expertise as a independent managers of oil, gas, mineral, royalty, overriding royalty and working interests. Many owners and lessees of oil property can rely on the energy industry experience of oil property management services to manage their valuable oil and gas properties. Various services involved in oil property management can be offered by these companies, such as organization, set-up, review, and maintenance of complete ownership, lease, well and division order files; response to third-party inquiries and correspondence; review and approval of Division/Transfer orders; and generation of activity reports; and negotiation of leases, deeds, assignments and farm-outs.
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