MANAGE MINERAL ASSETS
After a series of deaths in the family, the Heirs of Mrs. Hutton were left with a large portfolio of scattered mineral assets that were in various states of condition. The assets had been unmanaged for a long period of time leaving them with numerous title and ownership errors that needed to be identified and corrected. The heirs discovered that they did not have the time or experiences to address these current issues and effectively manage the properties on their own.
After reviewing the situation with the heirs, we proposed a plan to identify the current issues and work to correct them as well as to consolidate the properties into a more efficient and professionally managed package. Our proposal made Broadway Bank the single point of contact for all of the properties and ownership entities instead of the multiple separate heirs located in different locations. This consolidation not only helped to identify and resolve existing problems, it revealed opportunities to market the many unleased mineral properties by leveraging the consolidated interests.
Today, the properties are managed consistently and professionally to maximize their value and to minimize errors and problems. The title issues that persisted for years have been cleaned up and unleased properties have been successfully marketed to attract the attention of oil companies for exploration.
We helped this family identify, organize and consolidate their oil, gas and mineral interests into a professionally managed portfolio that is administered proactively instead of just waiting for a check in the mail.