Joint Interest Auditing- How To Begin?
In a previous post, I discussed several issues surrounding joint interest auditing and the joint interest accounting in question. Here are some initial steps once you have considered the necessity of a...
View ArticleWho Commits Fraud?
Anyone…at least that is how one should think when analyzing fraud risks. Fraud is a hot topic. If you don’t think so ask someone who used to work for Enron or invested in Madoff’s investment company -...
View ArticleLeadership in the Current Economy
There have definitely been tougher economic times in our country’s history, but the recession we are in now calls for effective leadership. A very important characteristic of managing in hard times is...
View ArticleAre we prepared for rising oil prices?
On February 2, T. Boone Pickens made the following prediction: “We got a break here, a little bit of a breather (with current oil prices), but within 60 days we’ll be back up to $60 oil and by end of...
View ArticleSo What’s The (Economic) Deal?
One of the common issues encountered in the setup of a drilling company is the handling of the economic deal of the partners in the drafting of the partnership agreement. Many deals, especially those...
View ArticleWisdom in a Down Market
I got to attend the Shale Resource Workshop hosted by the TCU Energy Institute in January. Over the two-day workshop, several of the speakers offered advice for operating in a down market: Plan for...
View ArticleJoint Interest Audits – Am I Getting My Share?
In the environment of oil and gas operations where the revenue and expense decks keep growing, how do you know if the operator is giving you your fair share? Joint operating agreements generally have...
View ArticleHiring for Emotional Intelligence
Having that “bad apple” in your workplace can be very distracting if not destructive. So in response, candidates are run through an exhaustive process of evaluation. This process may not be the most...
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