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Oil & Gas Property Manager

4 months ago

Fort Worth, United States Hilltop Holdings Full time
Job Description

Benefit highlights: 11 Paid Holidays, 15+ days of PTO, 401k Matching, Health Benefits, and more

The Oil and Gas Property Manager is responsible for the direct management of a portfolio of select, statewide client oil and gas assets within the Bank's Private Bank and Wealth Management department. Responsibilities include direct lease negotiations with companies; title curative issues to maintain good current title records and to ensure flow of client revenue; Division Order verifications; review of AFE's and Joint Interest Billings review and expense approval; Annual property reviews; property setups; Client interaction and reporting; and coordination of ad valorem tax payments.

Responsibilities

  • Creates and maintains ownership records on new and existing wells based on title documents and other instruments affecting ownership.
  • Takes appropriate action to cure title defects.
  • Assumes responsibility for all notifications to purchasers.
  • Researches and resolves revenue discrepancies.
  • Research inventory of properties for suspended revenues.
  • Assumes responsibility for gathering funds on suspended and escheated funds including tracking and follow-up through successful conclusion.
  • Coordinates with administrators to clarify and resolve ownership issues.
  • Effectively communicates with administrators, partners, operators, and producers to maintain updated information on the managed interests.
  • Oversees file maintenance, including file set up of all Oil and Gas related documents.
  • Performs monthly mineral asset reviews, to include pulling all related history for review and research for missing payments or suspended or escheated funds. Follow-up as needed.
  • Fields initial lease offers; research to determine counter offer proposals; negotiates improved terms.
  • Performs tracking of leases through initial offers to completed leases; coordinates with Compliance to report all activity accurately to Trust Committee.
  • Coordination, payment and posting of all JIB's and AFE's.
  • Knowledge of unit designations and pooling requests, assignments of interests and consents.
  • Prepares customized reports for clients and participate in client meetings to report on their mineral assets.
  • Interacts and partners with others in the O&G department to achieve departmental goals.
  • Other duties and special projects as assigned.

Qualifications

  • Bachelor's degree (Business or related field strongly preferred) OR combination of equivalent work experience required and high School diploma, general education degree (GED), or equivalent required.
  • 3 or more years of experience in oil and gas mineral management required.
  • Knowledge of mineral management practices and procedures, oil and gas laws required. Knowledge of trust law strongly preferred.
  • Experience with Texas, Oklahoma, and/or New Mexico mineral interests.
  • Detail oriented with experience in analyzing legal documents and working with complex calculations.
  • Strong negotiation, organization, and time management skills.
  • Excellent PC skills, knowledge and proficiency with oil and gas and/or trust software required.

The above statements are intended to describe the general nature and level of work being performed by individuals in, or assigned to, the above position and are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required, and may be changed at the discretion of the Company.