Dallas, TX -- (SBWIRE) -- 05/09/2013 -- Lucrative Unconventional Resources: Phoenix Petroleum Partners (PP&P) is pleased to be a part of the launch of the Utica Shale whirlwind in Carroll, Columbiana, Harrison and Jefferson counties in eastern Ohio. Working with longtime Ohio natives and geologists, PP&P has been acquired top assets for sale in very desirable locations and has concluded numerous transactions year to date. This robust area of new production has over 179 wells drilled by Chesapeake alone with numerous other operators rushing to get a foothold in an area expected to support over 13,000 wells.
Dallas Texas Based Phoenix Petroleum Partners Whirlwind CEO Brent Bawden Announces Continued Extensive Oil Rich Expansion of Potential Successful Mineral Right Operations in Utica Shale Formation Ohio
Phoenix Petroleum Partners is:
-The Nation’s leader in the acquisition and disposition of Oil and Gas Mineral Rights.
-A company governed by integrity and known for our premium ethics.
-Our customers’ preferred partner and trusted ally.
-An extraordinary place in which to work.
-A champion for our clients, employees and the communities where we work.
Brent Bawden, CEO: During his formative years, BRENT LEON BAWDEN, worked for his entrepreneurial father in the mineral rich Intermountain West. As a young man, he learned the value of hard work as an on-site hand in the Mineral Industry. Brent truly has experienced the Oil and Gas Industry from the ground up. After college, he progressed in acquiring managerial skills, experience in venture capitalism, sales and negotiation techniques in addition to land development and entrepreneurism.
As an entrepreneur, Brent has had the privilege of working with and for Fortune 100 companies throughout the United States. He also takes great pride in his ability to connect on a very personal level with the individual, or “Mom and Pop” businesses. He has personally helped develop and tutor small businesses and individuals for success throughout his long career as an entrepreneur, business coach and certified financial planner. Ethics, integrity and service to community have been his constant guideposts and have enabled him to maintain dynamic, long term relationships that continue to benefit his customers and clients.
In 2010, thirty years after his initial foray into the Oil and Gas Industry, Brent joined with other long time Mineral and Royalty experts to establish and helm PP & P. PP & P focused on becoming the nation’s leader in the acquisition and disposition of Oil and Gas Mineral Rights. PP & P’s growth has been phenomenal under Brent’s leadership as Managing Partner and President. Having closed over 2500 transactions since inception, Brent has become his customers preferred partner and trusted ally in all things related to the Oil and Gas Mineral Industry. Brent’s leadership and energy have created a company governed by integrity, known for its premium ethics and ignited by his enthusiastic approach personal service.
JR Robles, VP Acquisitions and Development: JR joined Phoenix Petroleum Partners, LLC in September 2011 as Vice President of Marketing and now currently holds the position of Vice President of Land Acquisitions and Divestitures. His responsibilities include the buying and selling of mineral gas and oil throughout Texas, Oklahoma, New Mexico, Arkansas, Ohio and Louisiana, with hopes to expand to additional states in the near future. In addition, JR is responsible for overseeing sales on EnergyNet, managing the department of Land Acquisitions, Land Management, strategic consulting and marketing analysis, while developing brand awareness.
As a true Texan, born and raised in Dallas, he has studied at Richland Community College and holds a certification of completing Field Landman work at Petroleum Landman School, LLC. He has obtained rigorous training in sales and communication. In the future, he will be attending University of Austin to major in Petroleum Engineering. Before coming to Phoenix Petroleum Partners, JR worked at Unitrin Services Group for 3 years. He started as a Remittance Processor and moved to a Subrogation Specialist (Adjuster), very quickly. He reviewed and assigned first party subrogation claims to claimants, vendors and attorneys.
During his tenure at PPP, he has managed $5 million oil and gas transactions. These acquisitions and divestitures include: leasing, short term aggregation and long-term mineral acquisitions. He has also completed an 18 million dollar Oil and Gas Audit. His bilingual background enables him to reach a broad market of clientele and his strong work ethic and dedication to growth of PPP is evident in his current and future success in the oil and gas industry.
Julianne Bawden, Acquisition Manager: Julianne Bawden has been working in sales, marketing, recruitment and public relations for over 30 years. Her visionary problem solving abilities and creative energy have impacted and transformed companies across the United States. The daughter of a Petroleum Geologist and a long time Oil and Gas Mineral investor, Julianne’s grass roots background in the Oil and Gas Industry have come full circle with her involvement with PP&P.
Mineral estates are often severed from the surface estate. Such severance is accomplished with a conveyance or reservation of these rights. This conveyance or reservation includes minerals or substances considered to be minerals. Mineral rights do include hydrocarbon resources such as oil and natural gas, which are technically not minerals, because a mineral is formally a naturally occurring crystalline "solid". But nonetheless, legal regimes typically lump them together under this one term. Such a conveyance or reservation includes royalties, bonuses and rentals.
Although there are numerous other important details, the basic structure of the lease is straightforward: in exchange for an up-front lease bonus payment, plus a royalty percentage of the value of any production, the mineral owner grants the oil company the right to drill for a period of time, known as the primary term. If the term of the oil or gas lease extends beyond the primary term, and a well was not drilled, then the Lessee is required to pay the lessor a delay rental. This delay rental could be $1 or more per acre. In some cases, no drilling occurs and the lease simply expires. The duration of the lease may be extended when drilling or production starts. This enters into the period of time known as the secondary term, which applies for as long as oil and gas is produced in paying quantities.
To experience the best ethics and service in the Mineral and Royalty business, call (972) 248-0593.
To bring oil and gas reserves to market, minerals are leased by oil companies through a legally binding contract known as a lease. This arrangement between individual mineral owners and oil companies began prior to 1900 and still thrives today. Before exploration can begin, the mineral owner (lessor) and the oil company (lessee) must agree to certain terms regarding the rights, privileges and obligations of the respective parties during the exploration and possible production stages.
The owner of a mineral interest may separately convey any or all of the above-listed interests. Minerals may be possessed as a life estate, which does not permit a person to sell them, but merely that they own the minerals so long as they live. After this, the rights revert to a pre-designated entity, such as a specific organization or person. It is possible for mineral right owners to sever and sell oil and gas royalties, while keeping the other mineral rights. In such case, if the oil lease expires, the royalty owner has nothing and the mineral owner still owns the minerals. The status of the land is fixed by law, and is distinguished as being either a freehold estate or a non-freehold estate. Freehold means ownership in perpetuity. Non-freehold implies that the owner holds the rights for a specific time period, after which the holder no longer holds the rights.
When it comes to property rights, the United States is special. As an individual, Americans are guaranteed the right to own the minerals beneath the land. No other country allows its citizens to own the minerals beneath the land. A legally binding mineral title opinion is typically the only document that substantiates mineral ownership. In the 18th and 19th century, when land was originally deeded to individuals, the mineral estate naturally came with the land, and as long as it hasn't been severed (meaning the land and minerals remain together), stays with the land.
Phoenix Petroleum Partners (PP&P)
Phoenix Petroleum Partners is:
The Nation’s leader in the acquisition and disposition of Oil and Gas Mineral Rights.
A company governed by integrity and known for our premium ethics.
Our customers’ preferred partner and trusted ally.
An extraordinary place in which to work.
A champion for our clients, employees and the communities where we work.