Whether your company is negotiating new agreements or inheriting existing agreements, Martindale Consultants can provide expertise and guidance to help you understand and implement COPAS and industry standards.
Our experience tells us that most operators undercharge one or more types of overhead. Martindale’s COPAS consultant services review your internal procedures and make recommendations to ensure the efficient and correct calculation of all recoverable overhead owed under your joint joint operating agreements (JOAs), production handling agreements, and other governing agreements.
Sometimes called “reverse JV audits,” a chargeability review is performed to determine if an operator is billing all contractually chargeable costs to non-operators under the applicable joint operating agreements (JOAs). This review helps ensure full COPAS compliance and accurate cost recovery, covering key areas such as overhead charges, labor, and operator-owned facilities. A thorough chargeability review can reveal underbilling issues and improve joint interest billing accuracy.
Our experience tells us that most operators undercharge one or more types of overhead. Martindale will review your internal procedures and make recommendations to ensure the efficient and correct calculation of all overheads owed under your joint operating agreements, production handling agreements, and other governing agreements.
Sometimes called “reverse JV audits,” a chargeability review is performed to determine if an operator is billing all contractually chargeable costs to non-operators under the governing joint operating agreements. A chargeability review ensures all contractually chargeable costs are billed to non-operators and typically includes overhead, labor, operator-owned facilities.
Martindale has performed thousands of oil and gas audits, ranging from simple to complex operations, so our team understands field operations and how governing agreements—including joint operating agreements (JOAs) and COPAS standards—apply in a wide variety of situations. If you’ve recently acquired properties, are developing new operations, or haven’t yet performed a chargeability review, let Martindale review your internal costs and agreements to ensure you’re billing all contractually eligible expenses.
Matt Pilkington
Fill out the form below, and we will be in touch shortly.
Fill out the form below, and we will be in touch shortly.