Where can I get a valuation of my mineral interest?
Urban Oil and Gas Group does not provide appraisals or valuations for owners. To obtain a valuation, you should contact a certified petroleum engineer, royalty management company, or broker familiar with the asset to obtain a valuation.
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How do I put my interest into or out of a trust?
Changes in ownership or owner status for land and mineral rights require updated title records. Owners should ensure they have the appropriate documentation. Transfer interest into your Trust: Copy of recorded conveyance of interest to the Trustee ...
What is Joint Interest Billing (JIB)?
JIB stands for "joint interest billing," a form of accounting unique to the oil and gas industry. A Joint Interest Billing (JIB) is the mechanism to bill the costs of an oil and gas joint venture to the Non-Operator(s) at their proportionate ...
How do I get a copy of my lease?
Urban Oil and Gas regrets that we are unable to provide personal ownership research. Leases and contracts are stored offsite and due to the number of requests we receive, we regrettably are unable to provide this service. Any information on file with ...
What is a Division Order?
A division order is a legal document utilized by many operators to specify the distribution of revenue from produced hydrocarbons among mineral rights owners. Since the same information contained in a typical division order is included on your ...
How do I transfer my ownership to someone else?
The transfer of interest between parties, the addition of names to existing accounts, or any change in title, requires a recorded document, commonly a deed or assignment. Interests can be transferred by assignment, general warranty deed or quit-claim ...