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RED FEATHER LAND & MINERALS

For operators, purchasers, and non-op partners

An unknown-owner pay deck is a liability with interest running

Every suspense line is money you must hold, report, and eventually surrender — and a Chapter 91 claim waiting to arrive with interest attached. We locate and cure the owners your division-order desk cannot, for a share of the suspense balance you release on each line we cure — nothing on a line we cannot find — with the paper your auditors want.

Send your first ten names — 75% offPut your ledger on the Escheat Clock

Permian Basin, Districts 08 and 8A, from Midland. Other Texas districts by arrangement.

[N]interests cured
$[N]released from suspense
[N] daysmedian time to cure

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The Escheat Clock

Drop your suspense ledger into the page and see every line placed on the Commission's surveys, each tract wearing a dial of months since the last owner contact — ink under 24, ochre at 24–35, red at 36 and on the report. It runs in your browser; the ledger never leaves your machine unless you send it.

Open the clock See the sample

What a suspense line costs you

It is not just the money in the account. Each line carries four obligations, and three of them get more expensive with time.

Interest

Chapter 91

Royalties held without a reason the statute allows accrue interest, and an owner's attorney will ask for it back to first sale. Suspense "for a bad address" is not a title dispute.

Reporting

The July report

Mineral proceeds are presumed abandoned after three years. Due-diligence letters, the annual report to the Comptroller, and delivery of the funds — every year, for every line, with penalties for late or short reporting.

Audit

The paper trail

Internal audit, a buyer's due diligence, or the Comptroller's examiners will ask what you did to find each owner. "We mailed the last address" is a thin file.

Drilling

Unleased and unknown

Every unknown owner in a unit is an unleased cotenant: revenue you account for at 100% less costs, a title opinion requirement unmet, and a rig that does not wait.

Four engagements

Each is scoped in writing, priced from the suspense balance we release, and delivered as a cure package your desk can act on without re-checking.

01

Pay-deck cleanup

Your suspense ledger, line by line: current address, heirs, the curative each line needs, and the cure itself — change-of-address affidavits, heirship affidavits, probate pulls, deeds — delivered with a signed division order where we can get one.

A share of the suspense released, per owner located and cured.

02

Pre-escheat sweep

Before the due-diligence letters go out: the lines approaching three years, worked hardest first. Every owner we locate is a line that comes off the July report and off the escheat remittance — and a royalty owner who starts getting paid again.

Flat fee per sweep, plus the per-cure share on each line cleared.

03

Pre-drill title cure

The unknown and unlocatable interests in the title opinion's requirements, found and leased or ratified before spud. We work from the DTO, report weekly, and hand the lease analyst executed instruments, not leads.

Day rate or per interest; your lease form.

04

Acquisition clean-up

Closing creates suspense: the seller's bad addresses become yours. A ninety-day program after closing, prioritized by dollars held, so the inherited ledger does not become next year's report.

Project fee, scoped from the seller's suspense schedule.

How the first ten work

  1. DAY 1You send ten namesTen lines from your suspense ledger — the ones your desk has given up on are the best test: owner name, last address, the property, and the balance held. A spreadsheet or a screenshot is fine. NDA first if you want one — ours or yours.
  2. DAYS 2–9We work themDeed and probate records, appraisal rolls, vital records, people search, the family. No calls to your owners without your okay on the script.
  3. DAY 10You get the sheet backFor each name: located or not, what we found, the cure each needs, and the fee to finish it — a share of the suspense balance held for that owner, so the fee is in proportion to the money you release and never more than a fraction of it. The first ten are billed at 75% off, and only for lines where we located the owner or an heir. Lines we cannot find cost you nothing but the memo saying what we tried, and a line where the owner sells the interest to us is cured at no fee.

What the cure package contains

Location memo
How the owner or heirs were identified, with sources cited and copies attached.
Curative instruments
Affidavits of heirship, recorded; certified probate documents; corrective or distribution deeds where the family will sign them.
Ownership schedule
The decimal math from the vesting instrument to each new payee, ready for the DO desk.
W-9s and division orders
Executed by the new payees on your form, where obtainable; otherwise the owner's written acknowledgment.
Audit file
One PDF per line, named by your property and owner numbers.

Why a landman in Midland

Owner-locating vendors work from databases. We work from the courthouse the records are in, the appraisal rolls the heirs pay taxes on, and the families who still live here. Our owner-side practice means we already know how a cured owner gets paid; your desk gets a payee who signs, not a lead who ignores the letter.

We represent owners too, and we say so. We do not solicit your owners for anything but the cure and, where your engagement letter allows it, one plainly disclosed offer to buy the interest we found. We take no position in a lease we cure for you except by buying that interest outright, in the open, with you told first.

Questions operators ask

Conflicts?
We will not cure an owner for you and then negotiate against you on the same tract. If we buy the interest, we take the deck as it stands — same lease, same decimal, a payee who signs. The engagement letter says so.
What if you buy the interest?
Then the cure fee on that line is waived. Every dollar you held is paid to the owner first, on their own division order; any offer from us comes after, in writing, at a stated price, and is theirs to refuse. You get a cured line either way.
Finder's fee rules?
We are paid by you, per cure, not by the owner from the proceeds — the fee is measured by the balance you held, but it is your invoice, and the owner is paid in full. So the Property Code's cap on recovery fees does not apply to this work.
Why a paid trial?
Because free samples get the easy names and paid ones get the real ledger. Ten lines at a quarter of our rate, charged only where we locate someone, is enough to judge our work and small enough that a desk can approve it — on most ledgers, less than one of the balances it clears. After that, a sweep of a few hundred lines is comfortable; thousands is a project we staff with you.
Systems?
We deliver in your spreadsheet layout or a CSV that loads into Enertia, Quorum, or W Energy.

Introductory ten · 75% off

Send your first ten names

Ten lines from your suspense ledger, back in ten business days with what we found and the cure each needs. Our fee is a share of the suspense balance held for each owner we locate and cure, quoted on the sheet before you order a cure; the first ten are worked at 75% off, and nothing is charged for a line we cannot find. It is a paid trial, priced so the decision is easy and the work is real.

First ten
A quarter of our standard share of the balance held, per owner or heir located and cured.
From the eleventh
Our standard share of the balance held per owner located and cured, whatever the cure takes — address, heirship, or probate. The number is in the engagement letter and on the sheet before you order anything.
Not found
No charge. You get the location memo either way.
If we buy
Where the owner we locate chooses to sell the interest to Red Feather, the cure fee for that line is waived. The owner is paid what you held before any offer is made; you get a signing payee on the deck.
Small balances
A per-line minimum applies where the balance held is small; it is stated on the engagement letter.

Rather talk first? Call or text [PHONE], Monday to Friday, Midland time.

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