Land Services:

Progress Reports

Online access to secure website with daily reports of all your current projects. A CD ROM archive of all your projects can be provided at year-end for your records.

Records Checking

Detailed ownership reports for surface, producing and non producing mineral and working interests.

Due Diligence

Comprehensive and detailed due diligence land work for property acquisitions and divestitures.

Oil and Gas Leasing

From quarter section clean-up to regional plays, we will get the job done quickly and for the best possible terms

Contract Negotiation

Vast experience negotiating farmouts and operating agreements with many of the major and independent oil companies.

Easement Acquisition

Negotiate pipeline Right of Way acquisitions, road crossings, compressor and SWD site easements and surface acquisitions.

Surface Damages

Provide your company with the best possible Landowner settlements - Digital photos available to document claims.

Offset Operator Reports

Research and preparation of ownership reports and plats to satisfy the Kansas Corporation Commission's offset operator notification requirements.

Due Diligence

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:

  • ---Verify seller's cash flow representations
  • ---Verify seller's working and net revenue interest representations
  • ---Review well files - farmout agreements, joint operating agreements, etc.
  • ---Review for improper material transfers
  • ---Review well payout status,reversionary interests, etc.
  • ---Review gas contracts - terms, pricing, nominations, gathering agreements
  • ---Review regulatory compliance - Federal and State
  • ---Verify seller's gas imbalance representations
  • ---Review gathering system imbalances
  • ---Transfer of Title, revenue payments, and contracts
  • ---Notification to all purchasers, operators, and vendors
  • ---Preparation of Transfer Orders, exhibits to assignments ;
  • ---Preparation and Recording of Agency Assignments
  • ---Filing of Agency lease bonding requirements
  • ---Follow up of all correspondence
  • ---Coordinate and supervise manual and mechanical conversion of records

Contract Negotiation and Preparation:

Knowledge and experience are important assets in negotiating a well trade, such as a Term Assignment or Farmout Agreement. There are more factors involved in making a trade than just settling on the length of time and the amount of consideration. A Landman must be able to recognize prohibitive or unfavorable terms in the contract being negotiated. We have negotiated deals for both major and independent operators. Whether it is acquiring a farmout or buying a producing field, Five State Land Services, Inc. can help your company get the job done cost effectively.

Some examples of agreements we can provide include:

  • ---ACKNOWLEDGMENTS
  • ---AFFIDAVITS
  • ---AGENCY, CONFIDENTIALITY, CONSULTING, EMPLOYMENT, NONCOMPETITION, POWER OF ATTORNEY, AND JOINT VENTURE AGREEMENTS AND DOCUMENTS
  • ---ASSIGNMENTS
  • ---CONSENTS, DECLARATIONS, DESIGNATIONS, MEMORANDUMS, NOTICES, RATIFICATIONS, AND STIPULATIONS
  • ---DISCLAIMERS, RELEASES, REVOCATIONS, SUBORDINATIONS, AND WAIVERS
  • ---DIVISION AND TRANSFER ORDERS
  • ---EASEMENTS, RIGHTS OF WAY, AND SURFACE USE AGREEMENTS
  • ---FARMOUT AGREEMENTS
  • ---GAS DOCUMENTS
  • ---GEOPHYSICAL AND SEISMIC DOCUMENTS
  • ---JOINT OPERATING AGREEMENTS
  • ---LEASES AND RELATED DOCUMENTS
  • ---LEASE RIDERS
  • ---MINERAL AND ROYALTY DOCUMENTS
  • ---MISCELLANEOUS AGREEMENTS
  • --- POOLING & UNITIZATION AGREEMENTS
  • ---WATER DISPOSAL USE AGREEMENTS AND LEASES
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