Lease Records Analyst

Job Description

Job Description

Responsible for the analysis of leases, contracts, title opinions, surface agreements and other legal documentation to determine company ownership and obligations in these documents and associated wells. The individual independently maintains and updates a group of assigned properties and can assist the team in resolving non-complex issues. Direct training and mentoring provided by Senior Analysts and COE Team and supervision for this position is provided by Manager.

Essential Roles & Responsibilities

• Analyze various documents including leases, contracts and title documentation to summarize company ownership and obligations
• Set up leases and other agreements in Quorum Land System according to department processes and guidelines, using system applications and reports to ensure accuracy, consistency and data integrity
• Able to recognize less common provisions and ask for clarification when needed
• Calculate, summarize and accurately report company ownership and obligations for assigned area, with coaching from Senior Analysts or Manager
• Manage payment, expiration and obligations calendars, ensuring timely and accurate payment of rentals, extension options, shut-in payments and minimum royalties
• Perform general lease records maintenance in Quorum Land System
• Subdivide leases per company processes
• Associate wells and other land agreements and work with Senior Analyst to work more complex wells to title
• Understand and assist Senior Analyst in monthly 10K acreage reporting process
• Coach and mentor Level 1 Analysts and support staff
• Prepare correspondence when needed, including letters, emails and memos
• Perform special projects as assigned to support Land Administration Department and company goals
• Responsible for supporting Sr Level Analyst in an area by performing lease maintenance, such as linking documents, updating lease extensions, adding recording data, recognizing and tying agreements that relate to one another without support of the Sr Analyst
• Ability to run QQM reports to ensure accuracy, consistency and data integrity
• Other duties as assigned

Computer/Software Applications

• Has a solid understanding of the foundational principles for oil and gas land management and the role of Lease Analyst.
• Has a solid working knowledge of the language and legal significance of provisions within oil and gas leases, contracts and agreements such as Pugh clauses, continuous development, pooling, cessation, shut in, and minimum royalties.
• Understand the importance of following department processes and guidelines in setting up leases in Quorum.

Role-Specific Technical Knowledge & Skills

• Maintain high standards of professional conduct and business ethics.
• Demonstrate decision-making skills that ensure the safety of all persons associated with SM facilities.
• Conduct oneself within the principles of SM's core values and the guidelines described in the NALTA Code of Ethics.
• Practices all safety standards and policies.

Typical Education

Bachelor’s Degree in Law, Petroleum Management or Business Preferred

Typical Experience

Minimum of 2 years related experience

SM Energy offers competitive compensation and benefits programs which include, but are not limited to, variable pay, health care coverage, retirement plan, protection coverage, time off and leave programs, training and development opportunities and a range of allowances connected to specific work situations. Details are available at Careers :: SM Energy Company (SM) (sm-energy.com).

Applications will be accepted on an ongoing basis until the position is filled.