ASSETS UNDER MANAGEMENT
$0M
CAPITAL RAISED
0
GROSS ACRES
0
PROPERTIES
0
PRODUCING WELLS
0
STRATEGIC LIQUIDITY* EVENTS
INVESTMENT OPPORTUNITIES
MONTEGO OFFERS MULTIPLE TYPES OF INVESTMENT OPPORTUNITIES AND SERVICES
FAQ
WHAT DO I RECEIVE EACH MONTH?
Montego will issue a monthly check (or wire) along with a portfolio over-view and comments about that month’s distribution. Investors are also encouraged to login to the Montego website where they are able to access complete detail pertaining to their portfolio and their investment.
WHO MANAGES THE ROYALTY INTERESTS?
Montego Asset Management manages the royalty interests, starting with payment by the oil and gas well operators all the way through distributions to you. Montego first makes certain that the royalty interests are recorded as owned by your investment entity and that the operators are notified to begin payments to Montego Asset Management. Montego collects the revenue from the various operators, performs the monthly reconciliation, monitors the wells and leases, uploads production and revenue detail into our secure client portals for investor access and distributes funds to investors.
WHEN WILL I GET MY FIRST DISTRIBUTION CHECK?
The first distribution is typically 2 to 4 months from the close of the pro-gram. After raising the funds for approximately 45-90 days, Montego aims to complete new investor title transfer and ownership deed process with-in 30-60 days after that. There is a natural accounting lag in the royalty industry of about 60-90 days. In other words, investors are always paid in arrears by two to three months. The combination of the time to raise investment capital, transfer ownership and the industry's natural accounting lag, causes a delay from the time of investment to the first check.
WHAT ARE THE COSTS OF THIS MANAGEMENT?
Your monthly distribution is net of costs and taxes, other than income tax. Montego charges 1% or (100 basis points) per year of the capital raised within the portfolio for management services. The portfolio also pays costs attributable to its royalty interests or allocated by Montego, such as state income or severance taxes, filing fees, reserve reports, audit fees, check processing fees, and revenue account system costs.
Leadership Team
Rhett is a 1979 graduate of Texas A&M University, with B.S. degrees in Petroleum Engineering and Geology and a M.S. in Petroleum Engineering. Rhett consulted as a Reservoir Engineer from 1981 to 1991. He has also been a General Partner of several privately funded acquisition companies. He has participated in oil and gas acquisition since 1991. He is a registered professional engineer in the State of Texas and a member of the Society of Professional Evaluation Engineers.
Janice graduated from Texas A&M University in 1980 with a B.S. in Electrical Engineering. She has been responsible for the management and oversight of oil and gas investments, royalties, cash flow and accounting for Montego Minerals. She is a General Partner of Montego Minerals, LP and a member of the Texas Independent Producers and Royalty Owners Association.
Cutler is a 2003 graduate of Texas Tech University with a B.S. degree in Industrial Engineering. He has worked for Magnum Hunter Resources, Cimarex Energy and a privately funded acquisition company. Cutler has been building his technical knowledge of the mineral and royalty industry over the last two decades. He is a senior member of the Institute of Industrial Engineers and Society for Engineering and Management Systems. Cutler established Montego Minerals in 2007.
OUR CONTACTS
Interested in mineral ownership? Please feel free to contact us below.