In May 2005 Compass Royalty Management began management of mineral rights owned in some of the largest mineral estates in the area.
Founded by Scott Noble, a oil and gas veteran for over 30 years, Mr. Noble started acquiring mineral estates on thousands of acres with tens of thousands of small mineral interests. He quickly learned that the companies managing his client's assets were quickly in over their heads.
In 2003 he began the daunting task to develop a royalty management firm that could handle tens of thousands of mineral interests all around the country. The first major hurdle, there were no computer software systems designed for mineral management. A major investment was made into modifying the best in class oil and gas drilling software to work for mineral management. An IBM AS400 mainframe was installed, a system proven by years of operating banks and financial institutions would be up for the task of crunching millions of lines of data monthly.
Today, after over 900 improvements and upgrades, our system and professional staff process payments from over 150,000 unique mineral interests (3X Exxon Mobil world wide interests) and ensures that over 8000 clients receive revenue monthly.
The key to managing large mineral estates is attention to detail. Over the past decade, Compass Royalty Management has positioned industry experts to head each our seven core departments. CRM handles the entire process from receipt of revenue, verification of revenue, verification of assets, division order processing, tax reporting, preparation and payments are made on the owners behalf. Compass staff is members of the industries key trade organizations and through continued education are up to date on the latest regulations and laws.
CRM has the bandwidth to provide your family office, Institution or University with mineral estate management of any size. If you would like to discuss having CRM manage your mineral estate contact our team at 972-720-1888.