Tenmile Completes Training on Social Intelligence
Comments Off on Tenmile Completes Training on Social IntelligenceIn January 2024, the Tenmile Land team attended a training by Sharon Werdebaugh, founder of Your
Talent Team to inform and facilitate discussions around personality types and
workplace interactions. The system used for this training was Ntrinsx – a program described as
“Social Intelligence for a culture of respect.” Each team member was invited to take a
short assessment to determine the combinations of colors that best represent their
behavioral tendencies, including Blue, Green, Orange, or Gold.
During the training, each color was explained in detail, providing information on how
we view ourselves, each other, and even the world. We worked to understand how best to
interact with our coworkers and the driving forces of each color – how they prefer to receive
information, what motivates them, and how they respond under stress. It provides a unique
perspective into the way we work together, allowing for individuals to see how they fit within their
environment and how best to communicate with others.
Each report provided insight into the traits contributing to our unique makeup and
ways to bring value to Tenmile Land. Not only does the Ntrinsx assessment provide helpful
information relating to workplace interactions, but family and social life as well. One beneficial
component of the assessment and training is the detailed breakdown, which provides insight
into how to understand people, communicate, change, and engage, and how individuals
interact in conflict and under stress. This is important as most people behave differently at
work versus with family and friends.
“The Ntrinsx methodology is based on a deep understanding of temperament.
While our behavior will change based on the situation we find ourselves in, and our
character changes constantly based on our life experiences, our temperament’s core values don’t change.
So, let’s try to show respect for each others’ core values. We will not only improve interpersonal relationships but also bring out the best in each other as a team to achieve results that are the natural outcome of a high-performance culture.” *
A tagline of Ntrinsx is a spin on the Golden Rule and to “treat others as they want to be treated.”
Which fits right with the Tenmile Land way of life.
*Information was obtained from Ntrinsx.info.
Jeremy White Named Director of Abstracting
Comments Off on Jeremy White Named Director of AbstractingTenmile Land is pleased to announce that Jeremy White, of Bridgeport, WV, has joined the team as its
Director of Abstracting. In this role, Jeremy will oversee Tenmile’s title department, directing the efforts
of its abstractors, ordering certified title opinions, and approving title for its acquisitions. He will also
assist in strategic planning as well as helping implement new digital work processes.
White brings a wealth of industry knowledge with him from his previous positions, most recently holding
the position of Land Acquisitions Manager for WV and OH for one of the largest oil and gas operators in
the country. A lifelong West Virginian, Jeremy began his career in land 19 years ago as a field landman in
Southern WV, where he engaged in all aspects of land work to support shallow conventional drilling
operations. “It was this early part of my career – working with surveyors, staking new locations,
performing courthouse research, flagging pipeline rights-of-ways, dealing with individual landowners- as
well as large land holders and coal companies, that provided invaluable experience and industry
knowledge that laid the basis for my career path,” said White.
That career path eventually led White to relocate his family from Charleston to Bridgeport in 2012.
Based in Bridgeport ever since, White has managed large scale oil and gas leasing campaigns, cleared
wells for Marcellus and Utica drilling programs, and played key roles in integrating hundreds of millions
of dollars in asset acquisitions. While handling these responsibilities, he also managed all the land
functions for a small horizontal drilling program in the Wolf Camp formation in the Permian Basin of
Texas.
White is a Registered Professional Landman with the American Association of Professional Landmen
(AAPL), former President of the Michael Late Benedum Chapter of the AAPL, and currently serves on the
MLBC Foundation Board of Directors, a charitable foundation supporting several organizations in
Northern WV and Southwest PA. He also serves as the Regional AAPL Director, representing landmen
from West Virginia, Pennsylvania, and Ohio on the national AAPL Board of Directors. He has been a
guest speaker for industry events, corporate annual meetings, college lectures, and educational
seminars.
In 2023, after giving it considerable thought, White felt it was time for a change and decided to leave the
corporate world for the position at Tenmile. White said “Leaving a company you have been with for
many years is not a decision you arrive at lightly. Over the years, I had developed a good working
relationship with Chad and Ben at Tenmile. I always enjoyed my interactions with them and respected
their honesty and integrity in business dealings. Chad and I began to talk off and on about the prospect
of me joining the Tenmile team. The more we spoke, the more it seemed like the perfect fit. Tenmile has
a great culture and is positioned for tremendous future growth. I couldn’t be more thrilled to be a part
of it.”
Selling Your Oil and Gas Minerals: A Comprehensive Guide
Comments Off on Selling Your Oil and Gas Minerals: A Comprehensive GuideThe sale of oil and gas minerals is a complex and potentially lucrative endeavor that requires a deep understanding of the energy industry and the mineral rights market. If you own mineral rights to oil and gas reserves, you have the potential to turn your assets into a valuable source of income. However, navigating this process successfully requires careful planning and knowledge.
Let’s delve into what it means to sell your oil and gas minerals, providing you with a comprehensive guide to help you make informed decisions. We will also explore the fundamentals of oil and gas mineral buying.
Understanding Oil and Gas Minerals
What Are Oil and Gas Minerals?
Oil and gas minerals refer to the subsurface rights to extract and produce oil and natural gas. When you own mineral rights, you have the legal authority to lease or sell these rights to energy companies for exploration and extraction.
Types of Mineral Interests
There are various types of mineral interests, including royalty interests, working interests, and overriding royalty interests. Each type has its unique features and responsibilities.
Legal and Ownership Considerations
Understanding your legal rights and obligations as a mineral owner is crucial. Legal documentation, such as deeds, lease agreements, and contracts, should be reviewed carefully.
The Process of Selling Oil and Gas Minerals
Mineral Rights Valuation
Before selling, it’s essential to determine the value of your mineral rights. Factors like location, geological potential, and market demand play a significant role in valuation.
Negotiating a Sale
Negotiating the terms of your mineral rights sale is a critical step. Be prepared to negotiate factors like the sale price, royalty rates, and lease terms.
Due Diligence and Title Examination
We will conduct due diligence to assess the viability of your mineral rights. They’ll also examine the title to ensure you have clear ownership.
Closing the Sale
The closing process involves finalizing the transaction and transferring ownership.
Selling oil and gas minerals is a significant financial decision that requires careful consideration and expertise. If you are ready to start the conversation, please reach out to our dedicated team of acquisition agents or give us a call at: 304.623.LAND.
Benjamin Davisson Name of Vice President of Tenmile Land
Comments Off on Benjamin Davisson Name of Vice President of Tenmile LandTenmile Land is pleased to announce that Benjamin Davisson of Clarksburg, West Virginia, has been promoted to assume the role of vice president. In addition to his new
position, Davisson will continue his role as general counsel for Tenmile Land.
As vice president, Davisson will be responsible for planning, directing, coordinating and overseeing operational activities for Tenmile Land. He will also ensure the development and implementation of efficient operations and cost-effective systems to meet the current and future needs of the company.
“We are extremely fortunate to have Benjamin as a leader of the Tenmile Land team,” said Chad Johnson, Tenmile Land founder and owner. “He has been involved in every aspect of the day-to-day operations during the past five years, and we anticipate his extraordinary judgement to continue in his new role. He is a strong and passionate leader who is dedicated to leading an enthusiastic team, while fostering relationships with individuals and continuing to grow our company, which is deep rooted in family values and driven by integrity.”
In January 2018, Davisson was hired as general counsel for Tenmile Land. In June 2019, his role expanded to chief administrative officer and general counsel.
“I look forward to expanding my role with Tenmile Land and continuing to be a part of a dynamic industry that drives energy innovation and fuels global progress,” said Davisson. “Tenmile Land is a leading oil and gas company, and I am committed to overseeing the growth of purchasing, developing and operating oil and gas minerals in the Mountain State.”
In 2007, Davisson graduated summa cum laude from West Virginia Wesleyan College with a dual bachelor’s degree in accounting and economics. During his time at WVWC, he was also named West Virginia Intercollegiate Athletic Conference Scholar-Athlete of the Year and an Outstanding Senior. In 2009, he obtained a Graduate Certificate in Forensic Accounting and Fraud Investigation from West Virginia University’s College of Business and Economics. In 2010, Davisson received his Juris Doctor Degree from West Virginia University’s College of Law and was admitted to the West Virginia State Bar. During his time at WVU, he was selected as a member of the school’s National Moot Court Team and was also awarded the Order of the Barristers.
Upon graduation, Davisson served as a law clerk for the Honorable James A. Matish of the 15th Circuit of West Virginia. In 2011, he joined the law firm of Waters, Warner & Harris, PLLC, as an associate. In 2014,Davisson became a member of Waters, Warner & Harris, PLLC, now known as Harris, Wilson, Turner & Davisson, PLLC.
Davisson is currently a member of the Harrison County Bar, West Virginia State Bar and the American Bar Association. He is a member of the Clarksburg Rotary Club and serves as a director and trustee for various non-profit organizations. In 2014, Davisson was appointed by the City of Clarksburg to serve on the Board of Zoning Appeals, and in 2016, he was appointed by the Harrison County Commission to serve on the Harrison County Farmland Protection Board.
Understanding Surface Land Rights vs. Mineral Land Rights: A Comprehensive Guide
Comments Off on Understanding Surface Land Rights vs. Mineral Land Rights: A Comprehensive GuideThe differences between surface land and mineral land rights are somewhat confusing. Whether you’re a seasoned landowner, a real estate enthusiast, or simply curious about property ownership, this article will provide a clear understanding of these concepts.
Defining Surface Land Rights
Surface land rights refer to the legal ownership and control a person or entity has over a specific tract of land. These rights encompass the land’s surface, including the soil, trees, buildings, and anything else attached. When you own surface land, you can possess, occupy, develop, and transfer it as you see fit within the constraints of applicable laws and regulations.
Understanding Mineral Rights
On the other hand, mineral land rights relate to the ownership and control of the minerals and other valuable substances that lie beneath the land’s surface. These minerals can sometimes include coal, oil, natural gas, metals, and water. Owning mineral land rights grants individuals or organizations the authority to extract, explore, and profit from these resources.
Key Differences between Land Ownership and Mineral Ownership
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Ownership Scope
Surface land rights cover the entire surface area, including everything above and below. In contrast, mineral rights pertain solely to the subsurface resources, while the surface landowner retains control over the surface.
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Separation of Interests
In some cases, surface land and mineral land rights are separated, leading to distinct ownership entities; this means that while one party may own the surface land, another could possess the mineral land rights. Such a division allows for independent transactions and can introduce complexities in land use and development.
To understand this concept, let’s consider an example. The previous owner had sold the mineral land rights to a mining company. The mining company, now holding the mineral land rights, has the legal authority to explore and extract valuable minerals beneath your land.
This separation of interests can be further complicated if multiple parties hold different portions of the mineral land rights beneath your surface land. Each party may have varying agendas and approach you individually to secure their rights or negotiate terms. Navigating these situations requires careful consideration and legal advice to protect your interests as a landowner.
Understanding the potential separation of surface land and mineral land rights emphasizes the importance of thorough due diligence before purchasing surface or mineral land rights. Knowing of any existing agreements or encumbrances that may affect your ability to utilize or profit from the land is crucial.
The separation of surface land and mineral land rights introduces a unique dynamic in property ownership. While landowners typically have control over the surface of their land, the ownership of mineral land rights can allow third parties to explore and extract valuable resources beneath the surface. This underscores the significance of conducting proper research, seeking legal advice, and understanding the rights associated with any property you own or plan to acquire.
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Exploitation and Profit
While surface land rights generally provide agriculture, construction, or residential opportunities, mineral land rights allow the owner to explore, extract, and profit from valuable resources. This can involve drilling, mining, or leasing mineral rights to companies specializing in resource extraction.
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Legal Framework
Specific legal frameworks govern both surface land rights and mineral land rights. Laws regarding land ownership can vary significantly depending on the jurisdiction, whereas mineral rights are often subject to regulations related to resource extraction, environmental impact, and taxation.
Implications for Landowners
Understanding the distinction between surface land and mineral land rights is crucial, particularly for landowners interested in both areas. As a landowner, you must know the mineral land rights associated with your property, as they can impact land development plans, property value, and potential revenue streams.
By now, you should clearly understand the differences between surface land rights and mineral land rights. Land rights refer to ownership and control over the land’s surface, while mineral rights involve the ownership and exploitation of subsurface resources. Recognizing the separation and implications of these rights is vital for landowners, investors, and anyone interested in real estate transactions.
At Tenmile Land, we know navigating the sale of your mineral rights can be difficult. That’s why our expert team can handle all the work for you. If you are ready to learn how much your minerals are worth, please get in touch with our experienced team. We have over 30 years of experience in the oil and gas industry.
Unveiling the Potential: Determining Mineral Ownership and Their Value for Oil and Gas Extraction
Comments Off on Unveiling the Potential: Determining Mineral Ownership and Their Value for Oil and Gas ExtractionMinerals are crucial in various industries, including oil and gas extraction. If you are a landowner or have inherited property, you might be curious about the minerals beneath the surface and their potential value. Identifying the types of minerals you own and understanding their significance for oil and gas extraction can offer valuable insights into your property’s worth. In this blog, we will explore the steps you can take to determine your mineral rights and assess their potential value for oil and gas extraction.
Step 1: Conduct a Title Search
Conducting a thorough title search is essential to begin identifying your mineral rights. A title search involves researching ownership history and any previous mineral transactions associated with your property. By examining deeds, leases, contracts, and other relevant documents, you can trace the chain of title to determine if mineral rights severed from the surface rights. This research is typically conducted at the local county courthouse or with a qualified landman or attorney specializing in mineral rights.
Step 2: Engage a Geologist or Mineral Expert
Once you have established that you own the mineral rights to your property, consulting a geologist or mineral expert is advisable. These professionals possess the expertise to analyze the geological characteristics of your land and identify potential mineral deposits. They can conduct geological surveys, assess existing data, and interpret historical records to determine the likelihood of oil and gas reserves on your property.
Step 3: Seek Professional Evaluations
To obtain an accurate assessment of the potential value of your minerals for oil and gas extraction, it is advisable to seek professional evaluations from oil and gas companies or independent consultants. These experts can analyze the geological data gathered and consider market conditions, extraction costs, and current oil and gas prices. They will estimate the potential value of the minerals beneath your property, considering current and future market scenarios.
Step 4: Consult with Oil and Gas Companies
Engaging in discussions with reputable oil and gas companies is another crucial step in assessing the value of your mineral rights. These companies often have the resources and expertise to conduct more comprehensive evaluations of your property. They may express interest in leasing or purchasing your mineral rights based on their assessment of the potential reserves and profitability of extraction. Consulting with multiple companies allows you to compare offers and negotiate the best terms for your mineral rights.
Discovering the type of minerals you own and their potential value for oil and gas extraction requires a systematic and informed approach. You can gain a deeper understanding of the mineral wealth beneath your property by conducting a thorough title search, consulting with geologists and mineral experts, seeking professional evaluations, and engaging with oil and gas companies.
At Tenmile Land, we know navigating the sale of your mineral rights can be difficult. That is why our expert team is here to help and can handle all the work for you. If you are ready to learn how much your minerals are worth or want to sell them, please get in touch with our experienced team. We have over 30 years of experience in the oil and gas industry and can help you through the process.
Careers
Comments Off on CareersUnlock limitless possibilities with TenMile Land, a renowned oil and gas company specializing in land and mineral acquisition. Join our team and become part of a dynamic industry that drives energy innovation and fuels global progress. As a member of TenMile, you’ll be immersed in a culture that values expertise, collaboration, and a commitment to excellence. Whether you’re a seasoned professional or eager to launch your career, we offer a diverse range of roles spanning from office management to abstractor to acquisition agent. Be part of our passionate team and play a pivotal role in shaping the future of the energy sector.
At TenMile Land, we understand that our greatest assets are our employees. When you join our team, you’ll embark on a rewarding journey of professional growth and development. We provide comprehensive support and mentorship from industry experts who are dedicated to helping you succeed. With a vast portfolio of exciting projects across multiple regions, you’ll have the opportunity to explore new challenges, expand your skillset, and make a lasting impact. Join us as we pave the way for sustainable energy solutions and unlock the vast potential of land and minerals. Together, let’s shape the future of the oil and gas industry and build a legacy of success.
Should I Sell My Mineral Rights? Weigh The Pros and Cons
Comments Off on Should I Sell My Mineral Rights? Weigh The Pros and ConsMaking the decision to sell your mineral rights can be a tough one. There are a lot of pros and cons to consider before making a decision. In this blog, we will discuss the pros and cons of selling your mineral rights, so you can make an informed decision that’s right for you.
If you own land or mineral rights, you may have heard of the option to sell those interests for a lump sum payment. This can be an attractive option for many landowners, as it provides immediate cash without the ongoing responsibilities and risks associated with ownership. However, selling your mineral rights is not a decision to be taken lightly. Let’s take a look at the pros and cons of selling your mineral rights.
Pros of Selling Your Mineral Rights
- Immediate Cash Flow: One of the biggest advantages of selling your mineral rights is that you can receive a lump sum payment upfront. This can be a significant, guaranteed amount of money, providing financial security and freedom.
- Avoid the Risks and Responsibilities of Ownership: Owning mineral rights comes with its own set of responsibilities and risks. By selling your mineral rights, you transfer those responsibilities and risks to the buyer. You no longer have to worry about things like production, or regulatory compliance.
- Simplify Estate Planning: Mineral rights can complicate estate planning, as they can be difficult to divide or pass on to heirs. By selling your mineral rights, you can simplify your estate planning and ensure that your heirs won’t have to deal with the complexities of ownership.
- Avoid Increased Tax Assessments. By selling your mineral rights, you can effectively transfer the burden of future property taxes associated with those rights to the buyer. This can be particularly beneficial if your property’s mineral reserves are substantial and would otherwise result in increased tax assessments. Selling mineral rights can offer relief from escalating property taxes, providing a compelling reason to consider this option.
Cons of Selling Your Mineral Rights
- Loss of Potential Future Income: When you sell your mineral rights, you also give up any potential future income from those rights. This can be a significant loss if the mineral rights end up producing more than expected or if there are new discoveries in the future.
- Uncertainty of Mineral Reserves: There’s always a risk that the mineral reserves on your property won’t be as valuable as expected. This uncertainty can make it difficult to determine the true value of your mineral rights, which could result in receiving less than you anticipated.
- Potential Tax Consequences: Depending on how you sell your mineral rights and how much you receive, there could be tax consequences. It’s important to consult with a tax professional to understand the potential tax implications of selling your mineral rights.
- Difficulty in Determining Fair Value: Determining the fair value of mineral rights can be complex and require the help of experts. Without the right guidance, it can be challenging to know if you’re receiving a fair price for your mineral rights.
In summary, selling your mineral rights can provide immediate financial security, simplify estate planning, and transfer responsibilities and risks to the buyer. However, it also means giving up any potential future income, dealing with uncertainty around mineral reserves, potential tax consequences, and difficulty in determining fair value.
If you’re considering selling your mineral rights, it’s important to do your research and consult with experts. Consider reaching out to a reputable company like Tenmile Land, which specializes in all aspects of oil and gas operations, including land and mineral acquisition, production, and management. We can help you navigate the process and provide a fair and hassle-free transaction.
In conclusion, selling your mineral rights is a big decision that requires careful consideration. By weighing the pros and cons and seeking guidance from experts, you can make an informed decision that’s right for you and your financial goals.
Tenmile Land Receives “Friend of the MLBC Award
Comments Off on Tenmile Land Receives “Friend of the MLBC Award[Pittsburgh, 5/11/23] – Tenmile Land, a leading oil and gas company specializing in the acquisition of minerals and land, is proud to announce that it has been honored with the prestigious “Friend of the MLBC Award” from the Michael Late Benedum Chapter. This esteemed recognition is a testament to Tenmile Land’s unwavering commitment to philanthropy and its exceptional support of the annual Veterans Charity Clay Shoot events.
The Michael Late Benedum Chapter of the MLBC recognized Tenmile Land for its outstanding generosity and charitable enthusiasm, which has been consistently demonstrated over the past several years at the Veterans Charity Clay Shoot events. Each year, the Tenmile Land team attends the event with beaming smiles and exudes a contagious positive energy that contributes significantly to the success of the event.
Tyler Murray, Clay Shoot Chairman, highlighted Tenmile Land’s exceptional dedication to the cause, stating, “Tenmile Land has, for the last several years, demonstrated such a high level of generosity and charitable enthusiasm at the annual Veterans Charity Clay Shoot events that I believe should be formally recognized via the ‘Friend of the MLBC Award.’ The entire Tenmile Land team shows up each year with smiles on their faces, bringing such positive energy to our event. Our donations over the past few years to the WVU Veterans Advocacy Law Clinic are a direct reflection of Tenmile Land’s commitment to the cause. If 2023 is anything like 2022, I’ll need to buy all Tenmile’s of raffle tickets to keep up with Chad’s demand!”
Tenmile Land has consistently supported the Veterans Charity Clay Shoot events and has made significant donations to the WVU Veterans Advocacy Law Clinic. Their commitment to assisting veterans and promoting their well-being has made a positive impact on the community and reflects the company’s values and principles.
“We are very honored to receive this award and are proud to be a part of the MLBC. At Tenmile Land, we believe in supporting our Veterans in any way that we can and are happy that the MLBC gives us this opportunity,” Shawna Floyd, Chief Operating Officer, Tenmile Land
Receiving the “Friend of the MLBC Award” is a tremendous honor for Tenmile Land. It serves as a reminder of the company’s dedication to making a difference in the lives of veterans and their families. Tenmile Land extends its heartfelt gratitude to the Michael Late Benedum Chapter for recognizing their efforts and for their continued support of veterans’ causes.
About Tenmile Land:
Tenmile Land LLC is involved in all aspects of oil and gas operations. From land and mineral acquisition to production and management, their team is comprised of specialists at each level. Developing relationships with owners is important to Tenmile Land.
Happy 5th Workaversary Amanda Honce!
Comments Off on Happy 5th Workaversary Amanda Honce!I asked Amanda to share her “work story”. This is what she said:
I was originally hired as the assistant to the Land Manager. I sent out offers, gathered information for purchases, maintained purchase tracking spreadsheets and most any administrative task. I later began gathering and preparing documents needed for closing. My tasks remain primarily the same today, with some variation in my current position as a Land Coordinator.
When I was hired, I was new to the oil and gas industry, so I wasn’t too familiar with its terms. At the time I started I could tell you things like how many inches were in a 3HS (I worked at Yellow Pages previously) or how many colors were available in the “rally towel” (from my time spent at a promotional towel corporate office), but terms like NPRI and how many poles are in an acre, those were new to me and unlike anything I had done before.
Today as I read a will, get caught in an ancestry rabbit hole (I’ve searched for obituaries so often that google learned and began to auto fill the word “obituary” if I just typed “O”), see a 43/3220 interest and realize that it is 1.34%, or when a lease lists the Tax Map and Parcel…I get all geeked out. It’s like solving a puzzle, rewarding to have found that last piece that puts it all together.
I can’t even believe it’s been 5yrs! When I had the opportunity to come back “home” to WV and found Tenmile Land, they made me feel more at home than ever. I’m blessed to call myself a TML team member.
Amanda, Tenmile Land feels exactly the same about you, and we look forward to many more years of working together!
