What are the responsibilities and job description for the Division Order Tech position at Maven Royalty Partners?
Role Description
The Division Order Analyst will set up and maintain all well records for our mineral and royalty interests to insure accurate payment of royalty and bonus payments. This key role will analyze deeds, leases, contracts, and unitization agreements. This role will also update ownership records on existing wells and communicate with operators to confirm interests and our accounting group regarding our interests.
Responsibilities
- Provide operators with all necessary change of ownership information in order to make certain that we are in pay status as soon as possible after an acquisition or after a new well is completed.
- Obtain title information and division orders from operators for all new wells drilled on our mineral and / or royalty interests.
- Follow-up with operators and purchasers to ensure timely payment of royalty payments.
- Ensure royalty payments comply with state statutes, with the ability to seek interest penalties if any are owed to us.
- Work with Landman / Lease Analyst to ensure that all title issues are resolved on our owned interests.
- Work in connection with Land group to cure title defects that affect division of interest ownership.
- Work with various accounting personnel to notify of any changes in our accrual processes.
- Monitor drilled wells for information related to date of first production and subsequent date of first payment.
- Assist with all data audits to confirm accuracy and compliancy.
- Various other projects or duties as assigned.
Education / Experience
Skills / Attributes Desired