TR
Measurement Witnessing LLC is a company that
provides services for Texas Mineral, Royalty
and Working Interest Owners. Utilizing
more than seventeen years of experience working
for a major oil company in oil and gas field
operations, Terry Retzloff understands the
details that affect royalty and working interest
payments. Furthermore, the desire to
share that knowledge and teach is what sets
apart TR Measurement Witnessing LLC from the
competition. As a result, Royalty and
Working interest owners have the unique opportunity
to access Mr. Retzloff’s experience and
knowledge from the perspective of a field operations
point of view.
Terry
Retzloff successfully completed a continuing
education program of seminars, accumulated the
required continuing education credit hours, and
passed three examinations
prepared by professionals in petroleum land and
minerals management to accomplish the CMM. CMM
Professional certification is approved by the
National Association of Royalty Owner Institute
of the NARO foundation. Certification
# 010125 for years 2008 through 2013.
Oil
and gas production, measurement and revenue
accounting is no doubt a complex process. Unfortunately,
Royalty and Working Interest Owners can NOT
assume that compensation received for their
interest is representative of what they should
have received because of the varying lease
/ sales agreements and operating & accounting
practices employed by Operators. Fair compensation
is the byproduct of accurate measurement and
detailed accounting consistent with the specific
individual agreement whether that agreement
is an oil and gas lease or pipeline sales agreement.
Faced
with the daunting task of negotiating oil and
gas leases, Mineral Owners have the opportunity
to access Mr. Retzloff’s 25 years of
field production, measurement, and well monitoring
experience. Strategies and critical lease
language have been developed by TR Measurement
Witnessing LLC to make this experience more
productive since Mr. Retzloff understands the
various production facility layouts employed
by Oil Companies that require modifications
in accounting practices required to compensate
fairly.
Additionally,
TR Measurement Witnessing LLC provides services
for Oil Companies such as auditing measurement
stations & practices to determine if their
site security policies and measurement practices
are being practiced by field personnel. Assisting Oil
Companies in troubleshooting and designing
down hole pumps for shallow pumping oil wells
is a favorite of Mr. Retzloff’s since
he has extensive experience in this area.
In
a nutshell, TR Measurement Witnessing, LLC
services are structured to maximize Clients
revenue from oil and gas flow streams whether
the Client is an Operator or a Royalty Owner.
|