BACK OFFICE ADMINISTRATION FOR OIL & GAS PURCHASERS

Division Order Services

Division Order Services For Oil And Gas Companies

To schedule a free consultation, please call (303) 463-8799 or fill out our contact form.

We can take the stress out of all of your division order tasks! If you want to be sure that you are complying with all legal and regulatory standards, paying out the right amounts to the right stakeholders, and operating as efficiently and cost-effectively as possible, we can help.

At ExTex, we offer a full range of division order outsourcing services for oil and gas purchasers and operators.

Develop And Maintain Divisions Of Interest For Operators And Purchases
We can set up, verify, and maintain accurate division of interest (DOI) records for each well or lease.

Issue And Process Division Orders To Ensure Accurate Revenue Payments
We can issue division orders to royalty owners and working interest owners to certify the correct amounts for each interest holder.

Maintain Owner Pay Statuses
We maintain up-to-date pay statuses for all interest owners (e.g. mineral owners, royalty owners, working interest owners) to ensure that “active/pay” and “suspended/non-pay” statuses are applied correctly. This process includes monitoring documentation, updating payment statuses in our division order software, placing or lifting suspensions, and communicating with owners to clarify title issues or request missing information.

Research And Maintain Tax Exemption Records
We research and maintain tax exemption records, including: federal tax withholding, state tax withholding, severance tax exemptions, tribal exemptions, and nonprofit exemptions.

Suspend Or Release Payments
We suspend or release payments based on title and legal issues.

Process Unclaimed Property Reporting And Transactions
We can identify unclaimed funds from oil and gas royalties, track dormancy periods, and report and remit those funds to the appropriate state agencies, and maintain compliance records.

Serve As The Liaison Between The Purchaser And Operator For Owner Questions And Issues
We are the liaison for oil and gas purchasers and operators, as well as working interest owners and royalty owners. We can answer questions, coordinate communication, handle payment discrepancies, resolve ownership or title issues, and take care of suspensions and compliance.

Why Choose ExTex
Since 1998, we have been providing back office support to oil and gas purchasers, operators, and owners. We are known throughout the industry for our experience and expertise. We are SOC compliant, and we have helped clients – from small operators to multinational corporations – streamline their back office operations. And our proprietary onboarding process for new clients ensures a smooth, seamless, transition.

For more information about our division order outsourcing services for oil and gas companies, or to schedule a free consultation, please call (303) 463-8799 or fill out our contact form.

ExTex Division Order Services, LLC is located in the Denver metro area (in Golden, Colorado), and we provide back office outsourcing services for oil and gas companies across the U.S. and Canada. In addition to division order services, we also offer a full range of back office administrative services for oil and gas companies, including: title services, well services, revenue accounting services, and tax accounting services.