Clarifying revenue compliance for an energy royalty trust

Our client, an Energy Royalty Trust, with 4 Billion in assets, needed to clarify revenue compliance for its significant operations. With 20,000 wells and thousands of leases to review monthly, accurately assuring revenue was a challenge.

L2P engaged the entire organization from CEO to frontline to assess potential areas of opportunity. Significant results were achieved during the 12-month project which focused on Strategic Planning, Process Improvement, Leadership Development and Culture Change.

• Facilitated Process Improvement workshops to map current processes, identify opportunities, prioritize and commit to cost reductions
• Developed a consistent standardized framework for Process Improvement across all departments
• Created detailed annual plans with visible metrics and accountabilities to execute on priorities
• Implemented visual management systems to monitor progress on a monthly/quarterly basis

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