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LAND ADMINISTRATION & PROPERTY REPORTING

Keeping track of lease and property data is paramount for any oil and gas operation. Opportune employs experts in land administration and property reporting to organize and maintain various subsets of information, thereby streamlining transactional processes within the business. By maintaining property information reports and preparing related lease operating statements by both production month and accounting month, we increase the ways in which clients can access and interpret data. We also calculate and maintain book depreciation, depletion and amortization, and asset retirement obligation schedules based on proved reserve data. Opportune not only sets up and maintains lease and well masters based on each client’s data files, but we also:

  • Maintain contract information
  • Generate and mail division orders
  • Maintain acreage inventory and ownership interest of participants
  • Generate monthly rental/obligation calendars
  • Process delay rentals
  • Bill land participants
  • Generate lease data sheets
  • Make appropriate division of interest (DOI) changes applicable to revenue and joint interest billing (JIB)
  • Provide first purchaser transaction recording, processing and reporting