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Penny Cedeno
Experienced Contract Petroleum Landman17 plus years of oil and gas land in the field, 2 years in-house Landman. 15 years’ experience with GIS mapping. Demonstrated abilities of time management, project planning, training, research of land records, pre-title opinion review, land title and curative matters, locate and identify heirs, HBP Leaseholds as to all depths, research client HBP status and WI, NRI, ORRI provide numbers for payout and analyzing current and preparation of Lessee/Lessor Leases. Utilizing Railroad Commission for identifying leasehold and potential open acreage. Oversee small group of Landmen by providing projects and reviewing projects for accuracy prior to sale. Due Diligence for large scale purchases. Oil & Gas Portfolio Management. Proficient in Microsoft Word, Excel, Access, Adobe Professional, Canvas software, ArcView GIS mapping system, Deed Plotter for Windows, QuickBooks and Trust Management Software.
| Last Resume Update | September 28, 2020 |
| Degree | Associate Degree |
| Experience | More than 15 Years |
| Category | Landman |
| Phone Number | register to see |
| register to see | |
| Street Address | register to see |
| City | Arlington |
| State | TX |
Experience
Independent Contract Petroleum Landman September 2006 to Present
Arlington, Texas
● Title examination (sovereignty to present date) and curative (Local, State, and Federal), lease negotiations and purchase.
● Title examination for HBP based on client needs (Mineral and Leasehold reports by depth and ownership breakdown).
● Title review prior to submitting to Title Attorney
● Prepare Runsheets, MOR, MOT, Leases, Ownership Reports, LPR’s and Curative Documents
● Due Diligence
● Mineral Purchase
● Identifying and the location of mineral owners and or their heirs
● Research and review company files to identify ownership percentages
Sr. Oil & Gas Portfolio Manager January 2016 to May 2019
Innovest (formerly known as Petro Data Systems Companies, Inc.)
Arlington, Texas
● Mineral management (with some accounts holding surface estates) for bank trusts and agencies across the United States.
● Knowledge and understanding of negotiation of oil and gas leases.
● Negotiation of oil, gas and mineral leases.
● Negotiation of Right-of-Way and Easements.
● Research and analysis of deed records.
● Advise Client with regards to title documents on file, acquire and manage field landman if additional title information is needed to ensure clear chain of title.
● Recommend and oversee preparation of curative documents to ensure proper chain of title.
● Act as liaison between client and Attorney with regards to various types of deed preparation for distribution and sale of assets.
● Review Division Orders to ensure correct royalty interest is credited; notify client of approval for signature.
● Review and approval of working interest and joint interest billing.
● Review and recommendation of Authorization for Expenditures.
● Asset and revenue management including cash flow analysis and well production to insure proper payments of revenue.
● Annual review analysis and communication with bank administrators and compliance officers.
GIS/Database Analyst September 2004 to Present
Arlington, Texas
● Implement individually the use of ArcGIS Desktop/Explorer, mapping/analyzing/accurately depicting Erath, Parker and Wise Counties, Texas lease tracts and lease blocks in complex depth environments
● Creation and/or capture of XY data; georeferencing and analyzing of potential partner/competitor maps; creation of proposed units and laterals; title opinion analysis, leasehold and unit updates
● Assisted in the implementation and set up of data, mapping/analyzing/accurately depicting East, Texas group, placing spatial data in the hands of decision makers and other end users.
Information applied to the maps includes leasehold, minerals, title, production, land preparation, tract status, with weekly status updates.
In-house Office Manager/Landman April 2003 to September 2006
Fort Worth and Weatherford, Texas
● Liaison between Broker and Energy Companies providing all documentation and preparation of Bill of Sale, Assignments, Agreements, Contracts and other similar documents for the sale of leasehold and minerals estates.
● Title examination (sovereignty to present date) and curative (Local, State, Federal), lease negotiations and purchase
● Mapping (deed plotter and ArcView GIS software) by project dependent upon the needs of client
● Prepare Runsheets, MOR, MOT, Leases, Ownership Reports, LPR’s and Curative Documents
● Due Diligence
● Mineral Purchase
● Identifying and the location of mineral owners and or their heirs
● Maintain Lease Bank Drafts
● Payroll
● Surface Title
Arlington, Texas
● Title examination (sovereignty to present date) and curative (Local, State, and Federal), lease negotiations and purchase.
● Title examination for HBP based on client needs (Mineral and Leasehold reports by depth and ownership breakdown).
● Title review prior to submitting to Title Attorney
● Prepare Runsheets, MOR, MOT, Leases, Ownership Reports, LPR’s and Curative Documents
● Due Diligence
● Mineral Purchase
● Identifying and the location of mineral owners and or their heirs
● Research and review company files to identify ownership percentages
Sr. Oil & Gas Portfolio Manager January 2016 to May 2019
Innovest (formerly known as Petro Data Systems Companies, Inc.)
Arlington, Texas
● Mineral management (with some accounts holding surface estates) for bank trusts and agencies across the United States.
● Knowledge and understanding of negotiation of oil and gas leases.
● Negotiation of oil, gas and mineral leases.
● Negotiation of Right-of-Way and Easements.
● Research and analysis of deed records.
● Advise Client with regards to title documents on file, acquire and manage field landman if additional title information is needed to ensure clear chain of title.
● Recommend and oversee preparation of curative documents to ensure proper chain of title.
● Act as liaison between client and Attorney with regards to various types of deed preparation for distribution and sale of assets.
● Review Division Orders to ensure correct royalty interest is credited; notify client of approval for signature.
● Review and approval of working interest and joint interest billing.
● Review and recommendation of Authorization for Expenditures.
● Asset and revenue management including cash flow analysis and well production to insure proper payments of revenue.
● Annual review analysis and communication with bank administrators and compliance officers.
GIS/Database Analyst September 2004 to Present
Arlington, Texas
● Implement individually the use of ArcGIS Desktop/Explorer, mapping/analyzing/accurately depicting Erath, Parker and Wise Counties, Texas lease tracts and lease blocks in complex depth environments
● Creation and/or capture of XY data; georeferencing and analyzing of potential partner/competitor maps; creation of proposed units and laterals; title opinion analysis, leasehold and unit updates
● Assisted in the implementation and set up of data, mapping/analyzing/accurately depicting East, Texas group, placing spatial data in the hands of decision makers and other end users.
Information applied to the maps includes leasehold, minerals, title, production, land preparation, tract status, with weekly status updates.
In-house Office Manager/Landman April 2003 to September 2006
Fort Worth and Weatherford, Texas
● Liaison between Broker and Energy Companies providing all documentation and preparation of Bill of Sale, Assignments, Agreements, Contracts and other similar documents for the sale of leasehold and minerals estates.
● Title examination (sovereignty to present date) and curative (Local, State, Federal), lease negotiations and purchase
● Mapping (deed plotter and ArcView GIS software) by project dependent upon the needs of client
● Prepare Runsheets, MOR, MOT, Leases, Ownership Reports, LPR’s and Curative Documents
● Due Diligence
● Mineral Purchase
● Identifying and the location of mineral owners and or their heirs
● Maintain Lease Bank Drafts
● Payroll
● Surface Title
Education
MTI Business School June 1990 to August of 1992
Associates in Computer Programming and Business Law
NARO- Certified Mineral Manager Course Completed 2 of the 3 test
Texas Real Estate License In progress
Associates in Computer Programming and Business Law
NARO- Certified Mineral Manager Course Completed 2 of the 3 test
Texas Real Estate License In progress
