Sr. Lease Records Analyst

About the Role

Responsible for the analysis of leases, contracts, surface agreements, title opinions, and other legal documentation to determine company ownership and obligations. The individual independently maintains and updates a group of assigned properties and assists the team in resolving issues with limited supervision.

Responsibilities

• Analyze various leases, contracts, agreements, and title documentation to summarize company ownership and determine common and complex obligations.
• Set up new leases and other agreements in the Quorum Land System according to company processes, proof work, and approve agreements to ensure accuracy and data integrity.
• Perform regular lease maintenance, including research and analysis, to ensure accurate reporting; obtain missing data as necessary.
• Review a second set of eyes on new lease setups and lease maintenance.
• Manage payment calendar for assigned area, ensuring timely and accurate payment of rentals, extension options, shut-in payments, and minimum royalties.
• Work with regional land to ensure obligation and expiration calendars are monitored and completed in a timely manner.
• Review Title Opinions, analyze mineral ownership, Gross and Net Working interest ownership, depth severances, lease provisions, and chain of title while updating Quorum (Working the Well).
• Provide monthly reporting requirements of acreage adjustments to Landman and Managers for 10K reporting.
• Review monthly Data Integrity reports and make appropriate Quorum updates.
• Prepare correspondence such as cover letters, inquiries, requests, and internal communications.
• Perform or manage special projects as assigned to support Land Administration and Company goals.
• Assist with Due Diligence for company acquisitions and divestitures.
• Follow, improve upon, and create new departmental processes to ensure efficiency, accuracy, consistency, and data integrity.
• Conduct business with the highest ethical standards; demonstrate decision-making skills that ensure the safety of all persons associated with SM facilities.
• Review leases to understand and determine shut-in and minimum royalty.
• Ensure timely and accurate payment of rentals, shut-in payments, and minimum royalties.
• Make and oversee ownership changes and clean-up of lease records.
• Perform general lease records maintenance in the land system, ensuring accurate and thorough documentation.
• Other duties as assigned.

Requirements

• Demonstrate strong understanding of Office/PC skills and effective use of Microsoft Office applications.
• Ability to use company and industry-specific software, such as SPEX, TRRC Website, and County Records search.
• Strong understanding of Quorum applications, including the ability to build and modify basic QQM queries.
• Basic knowledge of analytical tools such as Power BI and Spotfire with willingness to enhance skills and understanding.

Skills

• Ability to understand, summarize, and report company ownership and obligations for assigned area.
• Ability to account for and reconcile acreage changes each month/quarter and answer questions regarding acreage from regional land, accounting, audit, and other departments.
• Ability to calculate and maintain company participation on leases.
• Proficient understanding and knowledge of acquisition/divestiture process.

Qualifications

Bachelor’s Degree in Law, Petroleum Management, or Business preferred. Minimum of 5 years of related experience.

Benefits

• Variable pay
• Health care coverage
• Retirement plan
• Protection coverage
• Time off and leave programs
• Training and development opportunities
• Range of allowances connected to specific work situations