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Royalties, Production Allocation, Hidden, Lost-Escrow Mgmt

Royalties in a contractual nature, versus a lessor, may not show up and may not actually have been transferred to you either as the payor or the receiver.

Well Overhead Charges

Should have been adjusted to current standards – may be way too low – simply ask to increase if you are the operator

Strategic Land

Looking at Area’s of Mutual Interest that may not have expired – in contracts this may not have been monitored and if not expired, you may have a partner in acquiring more lands.

Offsets, Trespass, Rights Reversion

Evaluate and find as you either may be found in this situation in a good or bad way.

Reclaimation

Paying 100% of costs and not charging partners. Lots of companies made mistake of expiring contracts when minerals expired and thereby lost track of their partners – taking on the entire reclamation costs when they don’t have to.

Road Use Agreements

Not charging companies or having agreements in place.

Payout/Penalty

Land/Accounting not reconciled or monitored – look for position where you are in 0% interest in a well, but showing a WI in a JOA and Lease. If well is producing a long time and you have not received payout statements it is usually because a company is not sending unless requested – you are probably able to convert to WI or Royalty (likely a long time ago and it is time to do an audit.

Outstanding AFE's/Supplementals

If an AFE has not …

In-House Engineering

Again on AFE’s – ability to charge a partner under a JOA for 1-6% per agreements (CAPL)

Increase Volumes

Increase Revenues

Improve Collaboration

Improve Awareness

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The Challenge

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The Solution

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Energy TAO

Introducing Energy TAO : Total Asset Optimization. Getting the most of your assets is a team sport… with robots. 

Contract Studio

Facility Studio

Finance Studio

Land Studio

Offset Studio

Resource Studio

Royalty Studio

Synergy Studio

Exploring modern technology to deliver innovative solutions.

Energy TAO

by | Feb 1, 2017 |

Connected

Cognitive

A

Predictive

Exploring modern technology to deliver innovative solutions.

Connected

Cognitive

A

Predictive

Exploring modern technolog

Energy TAO

by | Feb 1, 2017 |

Total Asset Optimization for Energy Companies.

Connected

Cognitive

A

Predictive

Exploring modern technology to deliver innovative solutions.

Connected

Cognitive

A

Predictive

Exploring modern technology to deliver innovative solutions.

Energy TAO

by | Feb 1, 2017 |

Connected

Cognitive

A

Predictive

Exploring modern technology to deliver innovative solutions.

Connected

Cognitive

A

Predictive

Exploring modern technology to deliver innovative solutions.

Connected

Cognitive

A

Predictive

Exploring modern technology to deliver innovative solutions.

Energy TAO

by | Feb 1, 2017 |

Connected

Cognitive

A

Predictive

Diagnostic

Exploring modern technology to deliver innovative solutions.

Energy TAO

by | Feb 1, 2017 |

Connected

Cognitive

A

Predictive

Diagnostic

Energy TAO

by | Feb 1, 2017 |

Exploring modern technol..

Connected

Cognitive

A

Predictive

Exploring modern technology to deliver innovative solutions.

Energy TAO

by | Feb 1, 2017 |

Connected

Cognitive

A

Predictive

Exploring modern technology to deliver innovative solutions.

Energy TAO

by | Feb 1, 2017 |

Connected

Cognitive

A

Predictive

Diagnostic

Exploring modern technology to deliver innovative solutions.

Energy TAO

by | Feb 1, 2017 |

Connected

Cognitive

A

Predictive

Diagnostic

Exploring modern technology to deliver innovative solutions.

Exploring modern technology to deliver innovative solutions.

Applications

Blockchain Part 1: A Concise Explanation

Blockchain is coming. So we may as well all prepare for it. This is the consensus among technology and financial industry forecasters. So what is it? You have probably heard of Bitcoin. You might have heard of Ethereum. If so, then you already know about blockchain in...

Third-­‐Party Fees

Description When a well is tied into an existing system, where some or all of the well owners do not have an ownership, or sufficient spare capacity, in one or more of the downstream components (flow-­‐lines, compressors, processing plants, etc.), then the joint...

Potential Effluent Testing Waivers

Description The  significant  increase  in  effluent  measured  gas  wells  caused  by  the  shale  gas  and  coal  bed  methane  drilling  booms  post  2005,  resulted  in  updated   provisions  to  Section  7.4.1.1.  of  the  AER  Directive  17.  As  annual...

Third-­Party Fees    

When  a  well  is  tied  into  an  existing  system,  where  some  or  all  of  the  well  owners  do  not  have  an  ownership,  or  sufficient  spare  capacity,  in  one  or   more  of  the  downstream  components  (flow-­‐lines,  compressors,  processing  plants,...

Suspended Wells and Pipelines  

Suspended  wells  and  their  associated  well-­‐sites,  pipelines,  and  access  routes  must  be  tested  and/or  maintained  at  least  annually,  until  they  are   returned  to  production  or  abandoned.  Pipelines  with  no  flow  are  known  as  dead  legs...

Energy TAO

Feb 1, 2017 |

Exploring modern technology to deliver innovative solutions.

Third-­‐Party Fees

Description When a well is tied into an existing system, where some or all of the well owners do not have an ownership, or sufficient spare capacity, in one or more of the downstream components (flow-­‐lines, compressors, processing plants, etc.), then the joint...

Potential Effluent Testing Waivers

Description The  significant  increase  in  effluent  measured  gas  wells  caused  by  the  shale  gas  and  coal  bed  methane  drilling  booms  post  2005,  resulted  in  updated   provisions  to  Section  7.4.1.1.  of  the  AER  Directive  17.  As  annual...

Third-­Party Fees    

When  a  well  is  tied  into  an  existing  system,  where  some  or  all  of  the  well  owners  do  not  have  an  ownership,  or  sufficient  spare  capacity,  in  one  or   more  of  the  downstream  components  (flow-­‐lines,  compressors,  processing  plants,...

Suspended Wells and Pipelines  

Suspended  wells  and  their  associated  well-­‐sites,  pipelines,  and  access  routes  must  be  tested  and/or  maintained  at  least  annually,  until  they  are   returned  to  production  or  abandoned.  Pipelines  with  no  flow  are  known  as  dead  legs...

Non-­Accounting Meters

Meters  are  installed  for  many  different  operational  purposes  including  the  identification  of  malfunctioning  wells,  to  control  flows  within  a  plant,   and  as  check  meters  that  are  not  used  in  the  accounting  process.  Where  measurements...

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