Marjo has been directly involved in the operation of oil and gas wells through exploration and acquisition in the Mid-Continent Region since 1978. The Company’s experience encompasses the full range of oil and gas operations including drilling, completion, production, and administration of oil and gas properties.
Some of the areas of Marjo’s expertise are outlined below.
All areas of land from prospect inception to sale of hydrocarbons, including leasing, farmout agreements, property negotiations, property acquisition, state regulatory spacing, pooling and location exception matters, gas marketing alternatives, surface damage settlements and agreements, operating agreements, title curative, assignments, division orders, gas sales contracts, gas gathering and oil sale contracts.
Licensed professional engineers are responsible for all areas of engineering including drilling, completion and production. This includes state regulatory pooling/spacing/location exceptions and preparation of general forms, water resource permits, management of drilling contractors and service companies, completion work (including workovers), stimulation operations, log analysis for perforation selection, pumping unit design, reserve estimation, and construction of surface facilities. In addition, Marjo currently has a good relationship with a large number of service companies which results in larger discounts to projects, significantly lowering the actual drilling, completion and workover costs, as well as monthly expenses.
All areas of operations including field supervision of activities associated with drilling and producing, coordinating maintenance and repair work, oversight of pumpers and continuous property management. Marjo is insured on all operated properties and approved to operate in Oklahoma, Texas, and Kansas. Marjo also provides these services as a consulting operator on a contract basis for 3rd party wells. Field personnel are OSHA & EPA trained and HAZWOPR certified.
All areas of oil and gas accounting, including monthly joint interest billings, revenue distribution, property income and expense reports and investor accounting. We can also handle tracking and paying of vendor invoices, collection and tracking of accounts receivables/AFE expenditures.