Due Diligence
Process
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Five State Land Services, Inc. provides comprehensive and detailed due diligence Land work for a property acquisition or divestiture. We have many years of experience in assisting in the divestiture of core and non-core assets by preparing Exhibits for Assignments, reviewing existing contracts for Consent to Assign, Preferential Right to Purchase, Notice Provisions, etc., as well as purging files of sensitive and/or non-applicable information. In our due diligence process, Five State will verify the seller's interest at the County, State or Federal levels and perform a thorough examination and analysis of the seller's records to reflect any defects or encumbrances. Our research provides information relating to all contracts affecting the sale properties, including: Joint Operating Agreements, Letter Agreements, Exploration Agreements, Farm-out/Farm-in Contracts, Analysis of Oil & Gas Leases, Assignments, Salt Water Disposal Agreements, Rental Contracts, Joint Interest Billings, Gas Purchase or Casinghead Gas Contracts, or other Marketing Agreements, and Division or Transfer Orders. Five State examines Drilling and Division Order Title Opinions and advises if there are any requirements not satisfied. Our report will verify the seller's Leasehold, Working, and Net Revenue Interests, and will specify if such interests are held by production, leased, or open. We also review all Governmental or Regulatory Agency forms and reports and look at production information to determine if all wells listed on a sales list are still producing. For the buyer, our goal is to provide a complete and exhaustive report, leaving no stone unturned in our review, in order for our clients to make an informed decision on a prospective purchase. For the seller, our company will provide the client with a professional and accurate package for your sale. Our Due Diligence process includes:
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