Oil & Gas Property Management
With production in more than 15 states, Amalgamated International Bank is one of the largest owners of tri-state minerals, with expertise that extends across Texas to New Mexico, Kansas, Oklahoma, the Rockies and the Gulf States. So it wouldn't be a stretch to say nobody can assist you with oil and gas property management better than AIB.
What makes AIB so unique?
- Proven team with more than 65 years of combined experience — including the department manager, who holds a B.S. in Geology and 25-plus years of industry service
- In-house leasing and property-management capabilities, with easy access to additional legal help as needed
- State-of-the-art oil and gas computer system encompassing revenue collection, expense payments, tax processing and delinquency reporting
- Wide range of specialized oil and gas services
- Favorable lease terms via our network of industry contacts and Web services
- All leases executed on ANB's proprietary form with up-to-date provisions
- Processing of all division orders and related correspondence
- Payment of all ad valorem taxes and joint-interest billings
- Processing of all AFEs (Authorization for Expenditures) for workovers or new drilling
- Monitoring and recovery of escheated funds to multiple states
- Monitoring of volumes reported to the state versus amounts reported on monthly revenue runs
- Active participation in the National Association of Royalty Owners, Panhandle Producers and Royalty Owners Association, and Southwest Kansas Royalty Owners Association