Mineral Estate Advisory
We advise mineral owners by reading your estate as one position: land and title, what the wells should produce, and the dollars actually paid. Using our Tarrick Methodology, we define what your estate is worth, what that means for you, and what to do next.
Petroleum engineering and management consulting, together, since 1974.
What the work delivers
The figures above are from live Lodemark engagements running the Tarrick Methodology. Anonymized references are available on request.
Where you fit
A royalty check that looks off. A lease decision in front of you. A parent's minerals you just inherited and cannot read. Tell us what brought you here, and we will tell you what we find.
“I inherited minerals and I don’t know what we own.”
Minerals pass down. The paperwork explaining them usually doesn’t. We find what you actually own, where it sits, and what you are owed, before an operator or a buyer decides for you.
Integrated Discovery Questions about inherited mineral rights“A landman wants to lease my minerals. Or I found an old lease in a drawer.”
That piece of paper can hold your minerals for a hundred years. We read it for what it will let the operator do, so you know what you're signing.
Value Realization Questions about oil and gas lease review“Somebody offered to buy my minerals. Is that a real number, and what would it do to my taxes?”
The buyer already knows what your minerals are worth, down to the well. You should know it too, before you make any decisions.
Strategic Forecasting Questions about mineral rights appraisal“I don’t have time to keep up with all this.”
Checks come in, statements stack up, and nobody’s checking the math. We check every one, because small mistakes don’t stay small.
Active Monitoring Questions about mineral rights managementA railroad, a university, a foundation, a family office, a fund that holds minerals for return. The position is spread across states and operators, and the reporting you get is built for someone else's convenience. We run four disciplines against it as one practice, and we report it the way your board needs to read it.
See a railroad engagement“We hold a mineral estate, and no one can tell the board what is actually in it.”
Decades of passive management leave value an estate is owed but has never collected, spread across leases, units, and operators no one has reconciled. Integrated Discovery inventories the whole position and reveals the Shadow Portfolio: the specific places the estate is owed and not paid.
Integrated Discovery See it on the railroad estate“We think we are leaving money on the table, but we cannot prove where.”
Operator statements, division orders, and lease terms rarely get read for what it will let the operator do, so suspended funds, decimal errors, and unenforced terms sit for years. Value Realization runs the production analysis, the operator audit, and the contract work that can turn a suspected gap into recovered dollars.
Value Realization See the recovery on the railroad estate“The board needs a defensible number for what this estate is worth going forward.”
A budget cycle, a valuation, or a trustee report needs a reserve-basis forward model, not a figure built from last year’s checks. Strategic Forecasting projects the estate forward on a reserve-report basis with tiered certainty, so the number in front of the board can be sourced to its assumptions.
Strategic Forecasting See the forecast on the railroad estate“We learn something is wrong after it has already cost us.”
Without a continuous watch, errors in operator behavior, payment accuracy, and lease terms compound quietly between the times anyone looks. Active Monitoring watches the estate every month, looking for inconsistencies that are passed on and compile.
Active Monitoring See the monitoring on the railroad estateThe lead-in · Integrated Discovery
Every mineral estate has a hidden layer. Revenue sitting in an operator's suspense account. Acreage that is producing with no lease behind it. A decimal that moved when a well changed hands and never got corrected. Terms in your lease that are quietly not being honored.
We call that layer the Shadow Portfolio, and finding it is where most of our engagements begin. Land, engineering, and accounting look at the estate at the same time. One discipline on its own can easily miss it. Working together they reveal what is actually there: named, quantified, and traced back to a source record you can check.
How discovery worksAn iceberg. The small peak above the waterline is the routine royalty check. The far larger body below it holds four kinds of value the check never shows: unleased acreage, suspended revenue, decimal interest errors, and lease terms not being honored.
Each item opens to show the result that kind of finding produced in a real engagement, with a link to the full write-up on the Results page.
Above the lineRoutine royalty payments received
Acreage read before the operator got an answer. The bonus moved from $2,000 to $6,000 an acre and the royalty from 20% to 25%.
Read the leasing engagementSeven figures traced to operator suspense statements against the title record, then released. Five states, one corridor.
See the recovery on the railroad estateA broker valued the position at $2.1 million. Our own reserve and pricing data put it higher, and the low offers were turned down.
Read the sale engagementAn overhead charge that compounded for years, against a lease that did not allow it. Found in a routine monitoring cycle.
Read the monitoring engagementBelow the lineThe shadow portfolio
The practice · Tarrick
Bring in a title examiner, an auditor, a reserve engineer and a monitoring service one at a time, and each hands back a report that ends where their own discipline ends, but the findings connect. The ownership share the auditor corrects is the same number the engineer values your reserves from. The revenue the accountants find sitting with an operator changes what the forecast is worth.
Read apart, nobody owns those connections, and the value in them goes uncollected. The four disciplines work from one record, so a finding in one is a finding in all four. Each engagement starts from what is already in that record.
Tap a discipline to see how it holds the estate.
Four disciplines arranged around one estate, each feeding the others.
01 · SURFACES IT
Integrated Discovery
Integrated Discovery reveals the value, and feeds the other three disciplines.
02 · RECOVERS IT
Value Realization
Value Realization recovers it, and feeds the other three disciplines.
03 · PROJECTS IT
Strategic Forecasting
Strategic Forecasting projects it, and feeds the other three disciplines.
04 · HOLDS IT
Active Monitoring
Active Monitoring holds it, and feeds the other three disciplines.
Why the findings stand up
Reserve estimates, decline-curve work, and stamped valuations are done in-house, against the actual production data, not referred to an outside shop. That is what lets us check what an operator reports against what the well truly did, put a value on an estate to a standard a trustee or the IRS will accept, and build a forecast your capital decisions can stand on.
The operators whose checks we audit pay us nothing. That is what gives a finding its authority. We have no reason to see a number their way, and the land, engineering, and accounting in-house to see it our own.
How we are paid
Much of an advisor's value is in checking the operators who pay you. We can do that with authority for one reason: we have no relationship with them, and nothing to gain from your estate except the estate doing well. Here is our whole setup, laid out.
“We don't buy or market minerals.”
“Your advocate, not another bidder.”
“Our only incentive is your estate doing well.”
A firm that plays both sides cannot put this same list up.
Who we serve
Reserved minerals spread across states, often held since a land grant and never worked as an active position. The title runs deep and the operators are many. This is the estate the whole practice was built to read.
Minerals that arrived as a gift or a bequest and now carry a fiduciary obligation. Trustees and counsel need numbers that are documented, sourced, and defensible, from someone whose only job is the estate.
A minerals line item sitting inside a portfolio built for other asset classes, usually the position no one has had time to look at closely. We give it the same attention the rest of the book gets.
You put capital into minerals for return, on purpose. What you want from an advisor is simple: that our only stake is the position performing. We watch, verify, and forecast capital already at work. We do not buy, broker, or source it, and that line is what keeps us clean.
You inherited an interest, or you have held one for years, and you need guidance. A check stub interpreted, a lease dissected, a suspensed balance chased down. Walk in for what you need, without the pressure to do more.
What most firms leave out is how they make AI a safe and reliable tool. We built that foundation first, with a model that is tested and relies on human judgement to make final decisions.
On artificial intelligenceStart
We will tell you what we plan to look for, and what we find once we are into the records.
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