President’s
Corner
Sandi Rupprecht 2017 NADOA President
Our thoughts and prayers are still with those of you who have suffered hardship from the wind and flooding caused by the hurricane. Please let us know if you have needs that our membership might be able to help you with.
My mentor and former boss, Vicky Dolven, shared an article with our former company, Barrett Resources, many years ago that I believe is still relevant and appropriate today. I am sharing it with you this quarter with her permission.
“A Tribute to an Extremely Hard-Working, Little Understood and Sometimes Under-Appreciated Group – The Division Order Analyst Group”
Some of the qualifications to be a member of this group are: • Having the patience of a saint • Possessing the equivalent of a doctorate in public/human relations in order to be able to sympathize, empathize and just “be there” to listen (You would not believe the extremely personal outpourings they encounter) • Compassion verging on that of Mother Theresa • An unequaled desire to assist owners (even when the owners are not that pleasant) • A huge capacity for dealing with stress as a result of many factors including an immense workload, verbal assaults by land owners and transfers to Revenue Accounting that no matter how well thought out seem to go awry! • An ability to take in stride, in their very busy day, numerous phone calls from owners demanding explanations while damning the procedures, policies and decisions over which the analyst has no control • The ability to interact with and understand information provided by/and or to geology, production, marketing, land men and management • A sense of humor, camaraderie and cooperation • A very strong work ethic and… • Ethical standards that at times would more easily be abandoned. They may not be the ones who discover a new field that sets financial analysts in a tailspin or the ones to design a new drilling technique. In addition to the above, what they do contribute is daily communication with owners which may be the only ongoing contact mineral owners have with the company. Long after geology has decided where to drill, the landmen have taken the leases and engineering has de- termined the best method to use in drilling, the DO Analyst performs maintenance on the well ownership and interacts with the owners in every operated or take-in-kind well that is drilled and produces. Their response to owners will have a significant impact on future lease negotiations, consent to move rigs onto properties and other areas where “goodwill” counts very much. DO Analysts manage transfers from deaths, divorces, marriages, trusts being created or disbursed, mergers, acquisitions and divestitures. They possess a working knowledge and understanding of the numerous legal documents required to effect these changes as well as a knowledge of the individual state and federal statutes that are essential to their work. Their responsibilities span the entire life of the well as long as the company owns it. In case it still needs to be said, I am extremely proud of these employees and if you didn’t know or appreciate their contribution you should now have a new appreciation for what the Division Order Group does for the company. To you who are Division Order Analysts, a ‘tip of my hat” and sincere appreciation for your great devotion, determination, loyalty, patience and hard work. You are the BEST! Since Vicky wrote this article, we now also monitor and determine escheat and unclaimed property filings and we are called upon to ana- lyze and determine lease deduction provisions for revenue distribution. Both of these additional duties have a significant impact on the bottom line of our company financials. As most of you know, due to the effects and aftermath of Hurricane Harvey we made the decision to postpone the Institute. I am happy to say we have rescheduled it in the hope that this new date will accommodate everyone’s schedule and maybe some of you who could not come in September can now make it in November. We are welcoming new registrations and the hotel reservation link will be open until October 20. Look for the November Institute fact sheet in this edition for more dates and reminders about the Institute.
G r o w t h T h r o u g h E d u c a t i o n - J u l y / A u g u s t / S e p t e m b e r 2 0 1 7 1
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