TR-20 Property Acquisition Check List

The Property Acquisition Check List is a quick reference for companies involved in buying and selling petroleum producing properties.  It is not intended to be a comprehensive listing containing all potential possibilities for every specific situation, however it is an excellent check list when engaged in any acquisition or sale of producing properties.  36 pages.  1995.

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$50

Table of Contents

  1. PROPERTY ACQUISITION CHECKLIST
  2. INTRODUCTION
    1. Using the Checklist
    2. Acknowledgments
  3. PROPERTY ACQUISITION CHECKLIST
    1. Preliminary Acquisition Analysis
    2. GENERAL
    3. RANK WELLS BASED ON FUTURE VALUE FOR ANALYSIS EMPHASIS
    4. CASH FLOW ANALYSIS
    5. RESERVE REPORT ANALYSIS
    6. VARIANCE ANALYSIS
  4. DUE DILIGENCE
    1. GENERAL
    2. INTEREST VERIFICATION
    3. PROCESSING AND RECORDING OF REVENUES AND REVENUE DEDUCTS
    4. OIL AND GAS CONTRACTS/MARKETING ARRANGEMENTS
    5. PROCESSING AND RECORDING OF EXPENSES
    6. OTHER ASSETS
    7. ACCOUNTS RECEIVABLE
    8. CONTINGENCIES
    9. NORMAL BUSINES PRACTICES
  5. Acquisition Transition and Implementation
    1. GENERAL
    2. FILE CONVERSION
    3. PAYOUTS
    4. COPAS OVERHEAD [DRILLING AND PRODUCING]
    5. ACCOUNTS PAYABLE
    6. DRILLING ADVANCES AND PREPAYMENT
    7. OUTSIDE OPERATED JOINT INTEREST BILLING
    8. AUDIT
    9. DIVISION OF INTEREST
    10. COMPANY-OWNED FACILITIES AND ALLOCATIONS
    11. EQUIPMENT
    12. SALES AND USE TAX
    13. AD VALOREM TAXES
    14. LAND/LEASE OBLIGATIONS
    15. TAX
    16. ACCOUNTS RECEIVABLE
    17. INSURANCE
    18. GAS BALANCING
    19. REVENUE SUSPENSE
    20. REVENUE CHECKS/PROCESSING
    21. REGULATORY REPORTING
    22. CURRENCY CONVERSION CONSIDERATIONS
  6. Final Accounting Settlement
    1. GENERAL
    2. REVENUE
    3. EXPENDITURES
    4. SUSPENDED ROYALTIES PAYABLE
    5. TANK INVENTORY
  7. Agreement for Purchase and Sale of Oil and Gas Properties
  8. Acquisition Conversion Files
    1. PROPERTY LIST
    2. ADDRESS BOOK
    3. REVENUE DIVISION OF INTEREST
    4. EXPENSE DIVISION OF INTEREST
    5. SUSPENDED ROYALTIES PAYABLE
    6. REVENUE CHECK STUB CROSS-REFERENCE
    7. NON-OPERATED PROPERTY CROSS-REFERENCE
    8. AREA ALLOCATION MASTER FILES [PUMPER SALARIES, FIELD EXP]