Vertex Land & Contracts System

The Vertex Land & Contracts System covers contracts, mineral and surface leases.

Contracts (Industry Agreements)
Comprised of the data management, processing, query and reporting tools required to administer industry agreements, mineral, and surface rights, from initial acquisition to sale or expiration. Typical agreements include the CAPL and AAPL operating agreements and a variety of related Joint Interest agreements. Highlights include:

• Assignment
• Conveyance
• Royalty
• Purchase and Sale
• Pooling
• Unitization
• Processing 
• Options
• Trust
• Automated Notice of Assignment process to update interests in all related assets
• Includes linkages to all governed lease rights and properties

Mineral Rights
Mineral rights leases deal with administration of rights held, and are linked to the governing and related agreements. Highlights include:

•  Description of rights and obligations
• Title History on-line
• Producing / Non-Producing acreage and Reserve / Undeveloped acreage
• Processing of Rental Payments, both full cost and successful efforts basis
• Reminder Calendar
• Associated properties and facilities
• Investment to date
• Expiring Lease forecast
• Rental forecast
• Management Summary reporting
• Reconciliation of acreage changes
• Ad hoc query and reporting tools, including spreadsheet interface

Surface Rights
Surface rights leases deal with administration of all types of surface rights and easements, and are linked to the related properties for which purpose the lease is held. Highlights include:

• Description of rights and obligations
• Title History
• Reminder Calendar
• Associated Producing / Non-producing Properties
• Investment to date
• Renewal forecast and notice
• Environmental / Abandonment plans ,requirements, and performance