ExTex Division Order Services LLC can also assist you "the operator." By utilizing our services you can leverage yourself and receive a better price from the crude oil / gas purchaser. By being able to receive and distribute 100% of the proceeds, you make yourself more marketable to other crude oil purchasers. We offer you and your business more flexibility in marketing your crude oil production.
Crude oil purchasers may be willing to pay a better per barrel price if you "the operator" will take 100% for the proceeds and disburse on your own division of interest. If you receive 100% and let us disburse for you, our price will be covered by a part of the increase in price that the purchaser pays you per bbls / mcf.
Most gas purchasers are not willing to disburse on a division of interest for you the operator. By utilizing our services we can disburse the gas purchaser's payments to your division of interest.
By receiving 100% from the crude oil purchaser, you can net your joint interest billings, thus eliminating the need to wait for all the partner's checks to come in. You can then offset them immediately with the current month's production.
Our services include:
- Division order preparation
- Ownership maintenance
- MMS Reporting and MMS Royalty Reporting
- File State & Federal revenue and production reports
- Year end 1099 reporting
- Produce and mail monthly revenue checks
- File monthly State & Federal tax reports
- Unclaimed Property (report & remit)
- Department of Energy Reports