What are the responsibilities and job description for the Division Order Analyst position at IKAV Energy Inc?
Description
IKAV Energy Inc is a private E&P company with its US headquarters in Durango, Colorado, and belongs to the global energy infrastructure group, IKAV. IKAV has worldwide offices in Hamburg, Luxembourg, Milan, Madrid, Lisbon, Munich, and Paris and has launched its US franchise in 2019 managing and operating a billion-dollar portfolio on a long-term basis. At IKAV, teamwork is at the heart of our operations and is only strengthened by the many diverse and professional backgrounds that shape our team. IKAV believes in flat hierarchies and the empowerment of team members. In return, we expect exceptional motivation, a high degree of independent thinking, and the ability to spot opportunities for optimization and growth.
Duties and Responsibilities
- Analyze and interpret complex ownership-related documents, such as leases, title opinions, assignments, operating agreements, deeds, farm outs, and probate documents to calculate interests on ownership decks
· Compile necessary record title documents and analyze conveyance documents, estate proceedings, and assignments to process changes in mineral, royalty, and working interest ownership
- Create and maintain divisions of interests in corresponding joint interest billing and revenue decks including marketing and regulatory burden groups and BPO/APO decks when necessary
- Generate and distribute division orders/transfer orders
- Verify company interests on any outside operated/non-operated division order
- Collaborate with accounting, land, and legal colleagues to ensure accurate payment of monthly royalty payments and compliance
- Research and manage suspense and suspended owners by processing pay code changes, in addition to running regular escheat processes as required by various states
- Setting up & Maintaining Owner information
- Respond to interest owner inquiries and act as liaison within company to resolve owner issues when necessary
- Maintain and correct divisions of interest when payouts and recompletions occur
- Assist with special projects as needed
Requirements
- Bachelor's degree required; CDOA Certification a plus
- Experience in oil and gas industry with a minimum of 5 years of experience in division order/owner relations or land administration
- Demonstrated knowledge of Federal, State and regional laws as they pertain to the conveyance of minerals and oil and gas rights, contracts, leases, pooling, unitization and deducts
- Knowledge/experience with W Energy, SAP, Quorum, OnDemand Land or similar software required
- Strong technical and analytical skills enabling delivery of high-quality work products with little to no supervision
- Experience working in a growing start-up environment is strongly preferred
- Knowledge/experience working in Colorado, New Mexico, and with the BLM strongly preferred
- Possess excellent interpersonal skills, both oral and written
- Strong skill set in MS Office suite
- Flexibility to grow and change with the needs of a growing company
