Referral Program Overview
Thank you for your interest in our Referral Program – our way of tapping into local knowledge to help us identify and pursue on-site service jobs. You provide us with the job details to evaluate, and if we are ultimately able to obtain the job or part of the job, you will receive a royalty interest, subject to the terms and conditions of our Referral Program Agreement.
Once you accept the terms of our Referral Program Agreement and provide us with a description of the job, the Evaluation Phase will begin. The Evaluation Phase consists of the following 3 independent steps, each of which must result in a positive grade before we will move on to the next.
1. Geographical evaluation – We determine whether or not the job is located in an area in which we are interested.
2. Job evaluation – We will determine whether the job is feasible with our current available resources.
3. Verification of Profitability – We will investigate to determine the assignment is profitable.
Once the Evaluation Phase is complete, if we decide to pursue the acquisition of the job or a portion of the job, we will notify you that the Acquisition Phase has begun. The Acquisition Phase will last up to six (6) months, during which time we will make our best efforts to obtain the job or a portion of the job at commercially reasonable and economically feasible terms. If we are able to obtain the job with a lessor royalty of less than 10 percent (10%), you will be assigned an overriding royalty interest.
If you wish to make a referral, please continue on to the Referral Program Agreement.