Staff Land Analyst
Posted on: 23 Feb 2022
Houston, TX
Job Description
Job Overview:
The candidate should be detail oriented and confident in calculating net mineral acres and net revenue interest to derive company ownership. Candidate should have experience with Acquisition and Divestiture Projects with regards to due diligence, closing tasks and data conversion. Candidate should also have broad knowledge of oil and gas contracts and provisions and how they affect leasehold ownership and impact production operations.
Responsibilities:
Analyze and setup leases and contracts in the Quorum Land System. Ensure data standards and procedures for setup, physical file and image processes for all leases and contracts are followed. Provide input on process improvement initiatives. Experience in North Dakota, Texas, New Mexico and Oklahoma properties a plus.
Perform internal due diligence on company owned leases, contracts and wells to assist the Land Professional or Business Development in the preparation of commercial trades, acquisitions and divestitures. Updating the Quorum Land System to reflect the most current net acres and net revenue interest to facilitate accurate reporting and exhibits.
Prepare lease and contract exhibits for assignments, wellbore dispositions, JOA's and Farm-Outs for the Land Professional as needed. Review monthly rental schedules, lease expirations and contract expirations to be reviewed by the Land Professional.
Review monthly contract obligations for drilling obligations and penalties, escalating royalties, and reversion of interest and/or ownership.
Conduct Lease and Contract maintenance on the Quorum Land System to reflect Marathon’s current ownership (net acres and net revenue interest by depth), status of the Lease and Contract based on ownership changes and complex contracts (i.e. Assignments, Farm-Outs, Exploration Agreements, Title Opinions, AMI’s, JOA’s, complex mineral leases, etc.)
Review spatial report to ensure that all lease and contract spatial is accurate and reflects the correct surface boundary and acres accurately represent Marathon’s ownership.
Assist the Land Professional in obtaining curative materials as required to satisfy Drilling Title Opinion requirements. Collaborate with the Division Order Analyst to provide necessary documentation for accurate Division Order setup and maintenance of Marathon’s interest and ownership.
Participate in special projects and assist with training and mentoring as needed to support knowledge transfer.
Review Marathon’s leasehold ownership to determine future interest in non-operated drilling spacing units.
Qualifications:
Bachelors degree required. Major in PLM, Energy Management and Business disciplines preferred
Minimum eight years of work experience as a Land and Title Analyst.
Computer Proficiencies: Quorum Land System, Thought Trace, and SAP preferred. Experience with ESRI’s ArcView, Drilling-Info and Microsoft Office (advanced Excel skill level) are required.
Certifications in AAPL, NALTA or NADOA certification a plus
Marathon Oil
Houston, TX
Marathon Oil traces our history back to 1887. From the beginning, we focused on oil production, starting as The Ohio Oil Company, based in northwestern Ohio, which was the leading center for crude oil production in the U.S. at that time. Because of our early success, John D. Rockefeller’s Standard Oil Trust purchased The Ohio in 1889, and we remained part of Standard Oil until it was broken up in 1911. We entered the refining business in 1924, and operated as an integrated oil company for nearly 90 years of our history.
In 1930, we purchased the Transcontinental Oil Company, acquiring the Marathon product name, the Pheidippides Greek runner trademark, and the "Best in the long run" slogan. That same year we began trading on the New York Stock Exchange. More than three decades later, in 1962, we adopted Marathon Oil Company as our corporate name. From 1982 until 2002, we were part of US Steel. In 1990, we moved our headquarters from Ohio to Houston, where we have remained. When we pulled apart from US Steel, we once again became a standalone company in 2002. In 2011, we spun off the refining business and became an independent E&P company.
Our strategy is focused on the lower cost, higher margin U.S. resource plays that are liquids rich. Our playbook is simple: a strengthened balance sheet, relentless focus on costs, simplifying and concentrating our portfolio, and profitable growth within cash flows.
Marathon Oil became an independent E&P company on July 1, 2011. Based in Houston, we're focused on the most significant oil-rich resource plays in the U.S. -- the Eagle Ford in Texas, Permian in New Mexico, STACK and SCOOP in Oklahoma, and the Bakken in North Dakota. We also have international operations in Equatorial Guinea. While we feel like a start-up in many ways, our roots go back 130 years to our company's formation in 1887. Our stock trades on the New York Stock Exchange under the ticker symbol: MRO.
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IndustryOil and Gas
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No. of Employees2,300+
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Website
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Jobs Posted28
