Anatomy of a land project
A land project run by a brokerage works like a production line. Follow a made-up sample tract from your land team's scope to the packet that comes back, and see the two ways to pay for it.
The line, step by step
The drawing loads after the text.
Step 1 of 6
The scope comes in
Your land team sends the project: the counties, the work, the deliverables and the dates. We reply with a written scope and a staffing plan.
Read more: how a land brokerage worksA made-up sample project, not a client, a crew size or a count. Every step is written out below the drawing.
The same steps, written out
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The scope comes in
Managed project. Your land team sends the project: the counties, the work, the deliverables and the dates. We reply with a written scope and a staffing plan.
Turnkey. You send the leasing program: the area, the target acreage and the lease form. We reply with a turnkey proposal for leases at a 75 percent NRI.
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The project manager's desk
Managed project. One project manager owns the plan: who works which tracts, in what order, and what is reported to you each week. The status gauge is the reporting.
Turnkey. The project manager runs the program to the acreage and NRI terms in the agreement, and reports leases taken, open owners and curative each week.
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Crews at the courthouse
Managed project. Independent landmen work the records and the owners under crew leads. The ramp dial adds crews when volume rises and releases them when it falls.
Turnkey. Leasing crews run title, find owners and take leases on the agreed form. We carry the cost of the crews; you are not billed by the landman day.
Read more: crews at the courthouse · turnkey: crews at the courthouse
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The QC desk
Managed project. Every packet crosses the QC desk before it leaves: checked against the instruments and the deliverable standard, then stamped.
Turnkey. Each lease and its title support are checked before delivery, including the burdens that set the NRI you receive.
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Delivery to your land team
Managed project. Packets come back in one consistent format: runsheets, ownership reports, MORs, flowcharts, maps and status reports.
Turnkey. Leases are delivered with their title support and an acreage and NRI schedule, in the format set in the agreement.
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How you pay
Managed project. Managed project: the day meter turns while landmen work your project, and you pay by the day. Contact us for rates.
Turnkey. Turnkey: the counter turns per net acre delivered at a 75 percent NRI. We carry the acquisition cost risk. Contact us for a turnkey quote.
Net revenue interest (NRI) is the share of production revenue the working interest owner keeps after royalty and other burdens. A lease delivered at a 75 percent NRI carries burdens of no more than 25 percent.
Send a project
Tell us the work, where it is and roughly how big. We reply by email with a scope and a staffing plan, or a turnkey proposal for a leasing program. Sending this form does not engage us; a signed written agreement does.
Rates and turnkey pricing are set in a written agreement for each project. Contact us for a quote; we do not publish them.