4 Oil & Gas Property Manager Jobs in Fort Worth, TX
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Oil & Gas Property Manager
$72k-95k (estimate)
Full Time | Banking
3 Months Ago
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plainscapital bank is Hiring an Oil & Gas Property Manager Near Fort Worth, TX
Job DescriptionBenefit highlights: 11 Paid Holidays, 15 days of PTO, 401k Matching, Health Benefits, and more!
The Oil and Gas Property Manager is responsible for the direct management of a portfolio of select, statewide client oil and gas assets within the Bank’s Private Bank and Wealth Management department. Responsibilities include direct lease negotiations with companies; title curative issues to maintain good current title records and to ensure flow of client revenue; Division Order verifications; review of AFE’s and Joint Interest Billings review and expense approval; Annual property reviews; property setups; Client interaction and reporting; and coordination of ad valorem tax payments.
Responsibilities
The Oil and Gas Property Manager is responsible for the direct management of a portfolio of select, statewide client oil and gas assets within the Bank’s Private Bank and Wealth Management department. Responsibilities include direct lease negotiations with companies; title curative issues to maintain good current title records and to ensure flow of client revenue; Division Order verifications; review of AFE’s and Joint Interest Billings review and expense approval; Annual property reviews; property setups; Client interaction and reporting; and coordination of ad valorem tax payments.
Responsibilities
- Creates and maintains ownership records on new and existing wells based on title documents and other instruments affecting ownership.
- Takes appropriate action to cure title defects.
- Assumes responsibility for all notifications to purchasers.
- Researches and resolves revenue discrepancies.
- Research inventory of properties for suspended revenues.
- Assumes responsibility for gathering funds on suspended and escheated funds including tracking and follow-up through successful conclusion.
- Coordinates with administrators to clarify and resolve ownership issues.
- Effectively communicates with administrators, partners, operators, and producers to maintain updated information on the managed interests.
- Oversees file maintenance, including file set up of all Oil and Gas related documents.
- Performs monthly mineral asset reviews, to include pulling all related history for review and research for missing payments or suspended or escheated funds. Follow-up as needed.
- Fields initial lease offers; research to determine counter offer proposals; negotiates improved terms.
- Performs tracking of leases through initial offers to completed leases; coordinates with Compliance to report all activity accurately to Trust Committee.
- Coordination, payment and posting of all JIB’s and AFE’s.
- Knowledge of unit designations and pooling requests, assignments of interests and consents.
- Prepares customized reports for clients and participate in client meetings to report on their mineral assets.
- Interacts and partners with others in the O&G department to achieve departmental goals.
- Other duties and special projects as assigned.
- Bachelor’s degree (Business or related field strongly preferred) OR combination of equivalent work experience required and high School diploma, general education degree (GED), or equivalent required.
- 3 or more years of experience in oil and gas mineral management required.
- Knowledge of mineral management practices and procedures, oil and gas laws required. Knowledge of trust law strongly preferred.
- Experience with Texas, Oklahoma, and/or New Mexico mineral interests.
- Detail oriented with experience in analyzing legal documents and working with complex calculations.
- Strong negotiation, organization, and time management skills.
- Excellent PC skills, knowledge and proficiency with oil and gas and/or trust software required.
Job Summary
JOB TYPE
Full Time
INDUSTRY
Banking
SALARY
$72k-95k (estimate)
POST DATE
06/14/2024
EXPIRATION DATE
09/06/2024
WEBSITE
plainscapital.com
HEADQUARTERS
CORPUS CHRISTI, TX
SIZE
3,000 - 7,500
FOUNDED
1988
CEO
BENNY TEAFATILLER
REVENUE
$1B - $3B
INDUSTRY
Banking
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