Oil & Gas Due Diligence Services | Martindale Consulting

Whether an operated or non-operated property, understanding the unique language or provisions in key oil and gas agreements—such as the purchase and sale agreement (PSA), joint operating agreement (JOA), or COPAS accounting procedures is critical to for accurate oil and gas due diligence. Proper interpretation of these documents ensures you can determine which costs are contractually chargeable and avoid disputes post-acquisition.

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How are outstanding audit claims to be resolved and which party receives credits?

Which party has joint interest billing and revenue audit rights for the pre-effective date period?

Is the PSA language clear enough as to the cut-off dates for costs and revenues?

Are vendors aware of company policies and procedures or are conflicts of interest present?

There will likely be transitional accounting performed; is the PSA language clear enough as to the specific dates and time periods each party pays costs and is entitled to revenues?

Matt Pilkington

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