Benefits of Mineral Management
following are benefits of using Farmers National Company's Oil and Gas
of Mineral Management -
The management of your mineral assets can be consolidated with FNC as the
sole manager. Our clients have one contact person with FNC, who will be
supported by a staff of specialists.
Access to Client Reports
- Via the Internet, you and your advisors will have access to monthly
production, income and expense reports.
Diligence Records Check, Inventory and Analysis - Initially, we will review
related files, archives and title documents available and prepare or
verify a thorough inventory of your properties.
Leasing - You
will immediately benefit from our due diligence research of leasing
offers and pro-active leasing of non-producing properties. We do
not wait for offers to come in the door. Often we are able to bundle
interests from multiple FNC accounts, adding your account, into large
blocks, which significantly increases both the attractiveness for lease
brokers, as well as increasing the total offering prices.
for Suspended or Escheated Funds
- Our initial set up includes a search for suspended or escheated funds
lost in earlier transfers of assets. This process has been particularly
productive for clients in tracking funds from previous ownership changes
and failed address changes.
of Records in One Location
- As we assume management responsibility, we will provide secure storage
and a smooth transition of your records and files to our office location.
Purchasers and Change Addresses
- We will contact all of your purchasers and change the mailing addresses
so that all related correspondence and payments come directly to us for
processing and handling and any required responses, thus relieving you of
onerous detail work.
Up Your Properties On Our Books
- After our initial review, all available information about your
properties will be entered into our specialized accounting system. Working
from your basic records, we verify information from current check stubs
and division orders.
with Clients: Individuals, Families, Officers, Board Members and Staff - Our managers will be available
to participate in meetings and briefings with our clients and personnel, as
needed. We will assist in facilitating decisions relating to the handling
of mineral interests.
- References - Our experience in the energy
industry and as a fiduciary is exemplified by our client list. A
Representative List of Clients will be provided upon request.
Revenue Efforts -
Aggressive program is maintained to maximize and enhance revenue.
Resources - As
our client, you will benefit from our access to on-line subscriptions to
production reports, drilling permits, well site maps and recent recorded
Minerals - As an
additional function of our on-going processes, we monitor dormant mineral
laws of 30 states.
Account Reviews -
You will receive Annual/Periodic Account Reviews covering your mineral
- Audits - Conduct systematic audits of
production and revenue.
more information on Farmers National Company and our services, contact David
Smith at 1-888-880-8865 or DSmith@FarmersNational.com.