Paper: Oil and Gas Property Management From A Bank Trust Departments Viewpoint

A major decision often confronting an individual while planning his or her estate involves the disposition of their oil and gas properties. Many people elect to place the future management responsibility of their property in the hands of an individual or corporate fiduciary. In order to provide a total management service to their clients and customers, many banking institutions, particularly in the Southwest, have assembled a staff of experienced professional personnel to oversee property held in trust. The functions of this grow, including engineers, landmen, and accountants, are similar in many respects to that of an independent producer. This paper will discuss the various aspects of oil and gas property management by the corporate fiduciary.