Mineral Estate Advisory
We advise mineral owners by reading your estate as one position: land and title, the engineering under the reserves, and the dollars actually paid. Using our tested and trusted methodology, we define what your estate is worth, what that means for you, and what you should do next.
Petroleum engineering and management consulting, together, since 1974.
What the work delivers
The figures above are from live Lodemark engagements running the Tarrick Methodology. Anonymized references are available on request.
Two ways in
A royalty check that looks off. A lease decision in front of you. A parent's minerals you just inherited and cannot read. We're here to answer your questions and provide clarity. There is no pressure to continue the work beyond that first ask.
A railroad, a university, a foundation, a family office, a fund that put capital into minerals for return. The position is spread across states and operators, and the reporting you get was built for someone else's convenience. We run four disciplines against it as one practice, and we report at the altitude your board reads.
See a railroad engagement“I inherited minerals and I don’t know what we own.”
Minerals pass down. The paperwork explaining them usually doesn’t. We find what you actually own, where it sits, and what’s owed on it, before an operator or a buyer decides for you.
Integrated Discovery Questions about inherited minerals“A landman wants to lease my minerals. Or I found an old lease in a drawer.”
That piece of paper can hold your minerals for a hundred years. We read it the way the operator reads it, so you know what you're signing.
Value Realization Questions about leasing“Somebody offered to buy my minerals. Is that a real number?”
The buyer already knows what your minerals are worth, down to the well. You should know it too, before you make any decisions.
Strategic Forecasting Questions about selling“I don’t have time to keep up with all this.”
Checks come in, statements stack up, and nobody’s checking the math. We watch it every month, because small mistakes don’t stay small.
Active Monitoring Questions about ongoing management“We hold a mineral estate, and no one can tell the board what is actually in it.”
Decades of passive holding leave value an estate is owed but has never collected, spread across leases, units, and operators no one has reconciled. Integrated Discovery inventories the whole position and reveals the Shadow Portfolio: the specific places the estate is owed and not paid.
Integrated Discovery See it on the railroad estate“We think we are leaving money on the table, and we cannot prove where.”
Operator statements, division orders, and lease terms rarely get read the way the operator reads them, so suspended funds, decimal errors, and unenforced terms sit for years. Value Realization runs the production analysis, the operator audit, and the contract work that turns a suspected gap into recovered dollars.
Value Realization See the recovery on the railroad estate“The board needs a defensible number for what this estate is worth going forward.”
A budget cycle, a valuation, or a trustee report needs a reserve-basis forward model, not a figure built from last year’s checks. Strategic Forecasting models the estate forward on a reserve-report basis with tiered certainty, so the number in front of the board can be sourced to its assumptions.
Strategic Forecasting See the forecast on the railroad estate“We only learn something went wrong after it has already cost us.”
Without a continuous watch, errors in operator behavior, payment accuracy, and lease terms compound quietly between the times anyone looks. Active Monitoring watches the estate every month, because we aren’t looking for theft, we are looking for inconsistencies that are passed on and compile.
Active Monitoring See the monitoring on the railroad estateThe lead-in · Integrated Discovery
Every mineral estate has a hidden layer. Revenue sitting in an operator's suspense account. Acreage that is producing with no lease behind it. A decimal that moved when a well changed hands and never got corrected. Terms in your lease that are quietly not being honored.
We call that layer the Shadow Portfolio, and finding it is where most of our engagements begin. Land, engineering, revenue, and accounting look at the estate at the same time. One discipline on its own can easily miss it. Working together they reveal what is actually there: named, quantified, and traced back to a source record you can check.
How discovery worksThe practice · Tarrick
Bring in a title examiner, an auditor, a reserve engineer and a monitoring service one at a time, and each hands back a report that ends where its own discipline ends. But the findings connect. The ownership share the auditor corrects is the same number the engineer values your reserves off. The revenue the title examiner finds sitting with an operator changes what the forecast is worth.
Read apart, nobody owns those connections, and the value in them goes uncollected. Read as one practice, a finding in any one is already in the hands of the other three and each engagement starts from what the last one learned, instead of a new firm meeting your estate cold.
Hover or tap a discipline to see how it holds the estate.
Why the findings hold
Reserve estimates, decline-curve work, and stamped valuations are done in-house, against the actual production data, not referred to an outside shop. That is what lets us check what an operator reports against what the well truly did, put a value on an estate to a standard a trustee or the IRS will accept, and build a forecast your capital decisions can stand on.
The operators whose checks we audit pay us nothing. That is what gives a finding its authority. We have no reason to see a number their way, and the land, engineering, and accounting in-house to see it our own.
How we are paid
Much of an advisor's value is in checking the operators who pay you. We can do that with authority for one reason: we have no relationship with them, and nothing to gain from your estate except the estate doing well. Here is our whole setup, laid out.
“We don't buy or market minerals.”
“Your advocate, not another bidder.”
“Our only incentive is your estate doing well.”
A firm that plays both sides cannot put this same list up.
Who we serve
Reserved minerals spread across states, often held since a land grant and never worked as an active position. The title runs deep and the operators are many. This is the estate the whole practice was built to read.
Minerals that arrived as a gift or a bequest and now carry a fiduciary obligation. Trustees and counsel need numbers that are documented, sourced, and defensible, from someone whose only job is the estate.
A minerals line sitting inside a portfolio built for other asset classes, usually the position no one has had time to look at closely. We give it the same attention the rest of the book gets.
You put capital into minerals for return, on purpose. What you want from an advisor is simple: that our only stake is the position performing. We watch, verify, and forecast capital already at work. We do not buy, broker, or source it, and that line is what keeps us clean.
You inherited an interest, or you have held one for years, and you need guidance. A check read, a lease weighed, a suspense balance chased down. Walk in for what you need, without the pressure to do more.
The part most firms leave out is the discipline that makes AI safe to rely on. We built that first, which is how we do institution-scale work at the size we are, and why the numbers hold.
On artificial intelligenceStart
We will tell you what we would look for, and what we notice once we are in there. If the engagement turns into more, both sides decide that together.
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