We are able to determine relevant information during the Due Diligence process and report our findings in a clear and concise format.
Due Diligence
Due Diligence, the process of examining a seller’s property and records before committing to its purchase, is one that requires speed and accuracy.
Peveto & Associates balances time and cost considerations during the Due Diligence process to review what has been done in the past and to make timely decisions during the acquisition process.
Inside Due Diligence
- Financial Records
- Legal Records
- Lease Files
- Computer Records
- Division Orders
- Ownership Verification
- Title Opinion Review & Updates
- Encumbrance Research
- Geological Maps
- Well Logs
- Surveyor Notes
- Geophysical Records
- Well Tests
- Production Statistics
- Current Obligations or Necessary Actions
Outside Due Diligence
Our Outside Due Diligence process includes confirmation of Net Revenue Interests and Leasehold Working. Let our experienced professionals review letter agreements, oil and gas leases, operating agreements, farm-in and farm-out agreements, assignments, and other pertinent documents. If the seller is not the operator, we research the lien status of the operator as well.
Outside Due Diligence can include examination of:
- Physical Premises Being Sold
- Environmental Concerns
- Official County, State and Federal Records:
- Unreleased Deeds of Trust
- Financing Statements
- Lien Affidavits
- Mechanics & Materialmen's Liens
- Federal Tax Liens
- State Tax Liens
- Notice of Lis Pendens
- Abstracts of Judgment
- Judgment Dockets - County, District, State
- Tax Records for Unpaid Ad Valorem or Property Taxes
- Statewide Uniform Commercial Code Records
- Governmental Agency Records – State, Federal, and Indian Land
- Federal Court Records
- State Oil and Gas Regulatory
- County and/or State Records for partnerships, limited partnerships, corporations, assumed names, etc. which show the seller has properly qualified to do business in the state.
- Uniform Commercial Code Filings