What are the responsibilities and job description for the Lease Analyst position at Jetta Operating Company, Inc.?
Overview:
Jetta Operating Company, Inc. is a privately held oil and gas company headquartered in Fort Worth, Texas. With over 30 years of industry experience, we operate field offices in West Texas, North Texas, and Eastern Kentucky. Additionally, Jetta operates over 700 active wells across multiple U.S. states.
We pride ourselves on our commitment to our core values of Integrity, Equanimity, Perseverance, Creativity, and Curiosity. We live out these core values in a culture that prioritizes respect, teamwork, and the well-being of our employees, and furthermore by offering competitive compensation and benefits programs.
Position Summary:
The Lease Analyst assists in the maintenance of the company’s lease and land records and tracks obligations thereunder, while providing support to other members of the Land team on various projects as they arise.
Duties/Responsibilities:
- Analyzes, establishes, and maintains leases and other land records on the company’s LandWorks system to ensure accurate and timely payment of rentals, renewals, minimum royalties, shut-ins, and other periodic payments
- Reviews documents affecting mineral and surface estate ownership, prepares and/or obtains necessary supporting documentation, and updates LandWorks system as needed
- Prepares leases and other land records to be turned over to the administrative assistant for filing
- Audits all rentals, renewals, minimum royalties, shut-ins, and other periodic payments against LandWorks system and management recommendations
- Tracks time sensitive obligations in land records, such as termination provisions and expiring acreage
- Coordinates with in-house landmen on interpretation of areas of mutual interest, farm-in/out agreements, and other agreements to ensure proper partner contributions on payments and other obligations
- Works closely with the GIS analyst to provide acreage and depth data
- Respond to lessors’ and other counterparties’ inquiries, as needed
Required Skills:
- Good understanding of the different types of mineral interests (WI/MI/RI/ORRI, etc.)
- Familiarity with title opinions
- Good understanding of all types of instruments affecting minerals and surface land ownership, including leases, assignments, farmout agreements, easements, and rights-of-way
- Ability to trace (and supplement) chain of title ownership
- Proficiency with Microsoft Office suite, with very strong working knowledge of Excel
- Good understanding of lease and easement provisions
- Detail-oriented
- Strong critical thinking and verbal/written communication skills
Education and Experience:
- Bachelor’s degree
- 2 years land and title experience
Physical Requirements:
- Office setting with adjustable desk for sitting/standing
- Prolonged periods sitting at a desk and working on a computer
- Occasional lifting of 10-20 lbs
Benefits:
We value our employees and offer not only a comfortable and energetic place to work, but a comprehensive and competitive benefits package.
- 401(K) / Roth 401(K) with Company Match and 100% Vesting at Entry Date
- Paid Time Off – (PTO)
- Nine Paid Holidays
- Medical – PPO and High-Deductible Plan (HSA with Company Contributions)
- Dental Insurance
- Flexible Spending Account
- Pregnancy – Related Medical Leave Policy
- Paid Parental Leave Policy
- Bereavement Leave
- Basic Life and AD&D Insurance
- Short Term Disability
- Long Term Disability
- Educational Assistance Program
- Health Club Reimbursement
EOE Statement:
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status or any other characteristic protected by law.