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Worth Prescott is a seasoned land professional with extensive experience in the oil and gas industry, holding a Juris Doctor degree and a Bachelor of Science in Finance from Louisiana State University. He has worked with various companies, including Plains Exploration & Production Company, Pure Resources, Inc., and Daybreak Energy, providing land services on a contract and employment basis.

Credentials

  • License to Practice Law - State of Louisiana
    Louisiana State Bar Association
    Sep, 1980
    - Apr, 2026

Experience

    • Land Advisor
      • Nov 2018 - Jul 2020
      • Housto, Texas

      Permian Basin focused land work. Responsible for all Land matters in assigned geographic area.

  • Tobin & Asscoiates
    • Houston, Texas
    • Contract Landman
      • Apr 2018 - Nov 2018
      • Houston, Texas

      Provided in house contract land work.

    • Manager of Land
      • Jun 2013 - Sep 2017
      • Houston, Texas

      Managed Land's participation, and subsequent $87,000,000 divestiture, of company non-operated 20% interest in 355,000 joint venture acres in the Haynesville Shale (E. Texas and N. Louisiana), managing up to 9 employees at any one time. Supervised 300+ contract brokers, from 3 separate firms, in the acquisition of leases covering 75,000+ acres of company generated prospects in South Louisiana. Managed company Fee Minerals and Legacy Properties, including compilation and delivery of all Land matters related to the $31,000,000 divestiture of the Texas Panhandle asset. Directed, reviewed, and provided Land support to Legal for Haynesville Shale litigation/legal demands.

    • Manager of Land
      • Jan 2011 - May 2013

      Managed non-operated Land position in the Haynesville Shale play, including the negotiation of a 2,200 acre substitute acreage settlement, valued at $33,000,000, with project generator for leasehold defects identified in post-closing title review process. Supervised 80+ brokers in the acquisition of leases covering 15,000 + acres of company generated prospects in S. Louisiana. Directed the compilation/delivery of all Land matters for the $24,100,000 divestiture of the SE Texas Austin Chalk properties.

    • Senior Landman
      • Jul 2004 - Dec 2010

      Administered company Land interests in numerous project areas, including: (a) Haynesville Shale (NW LA/ NE TX) - negotiated/drafted agreements for 3rd party acreage trades and JOAs with 3rd party operators; (b) Austin Chalk (SE TX) - participated with joint venture partner in the successful drilling of 6 project wells; (c) Jefferson County, TX - negotiated, analyzed and reviewed all due diligence for acquisition of project partner’s 50% interest in 75,000+ acres; acquired lease extensions for 6 prospect areas identified by company interdisciplinary team, completed title/curative for initial project well; (d) Asset Divestitures - prepared all Land matters for the following divestitures (closing sales with no deductions for title defects): $19,000,000 sale - Illinois Basin asset (S. Indiana), non-operated interest in 250,000+ acres, and $9,100,000 sale - Bakken Shale asset 20,000+ acres, Dunn County, Montana; (e) Offshore California - assumed Land responsibility for Offshore California properties after incapacity of California Land Manager due to serious illness, including CA Offshore State Lease Form Project - coordinated multi-disciplinary team preparation of proposed new CA Offshore State Lease Form, which resultied in the negotiation of a proposed new offshore lease form with CA State Lands Commission (CA had not granted an offshore state lease since the 1980’s); (f) Wyoming - drafted PSA for new venture acquisition of 30,000+ acres in Bridger-Teton National Forest, with option for subsequent acquisition of 20,000+ acres, established Federal Unit for proposed initial drill site location; (g) and Pakenham Field (Terrell Co., TX) - coordinated efforts of outside counsel and company technical specialists for RRC Field Rule Consolidation Project covering a 17,000+ acre producing field, containing 150+ wells, which resulted in the prolonged life of numerous wells due to the commingling of otherwise uneconomic zones.

  • Pure Resources, L.P.
    • Houston, Texas
    • Land Advisor
      • Nov 2002 - Jul 2004
      • Houston, Texas

      Supervised and administered company Land position in East Texas Bossier play comprising 110,000+ gross acres (covering 2 non-operated AMIs and one company owned area). Drafted exchange agreement delivering company’s non-developed acreage in one AMI and acquiring a West Texas lease block offsetting newly proven company acreage.

  • Pure Resources, Inc.
    • Houston, Texas
    • Landman
      • Jul 2001 - Oct 2002
      • Houston, Texas

      Supervised assemblage of lease option/seismic permits for a 69 square mile 3-D project, St. James/Ascension parishes, LA. Assumed Land responsibility for 60 square mile 3-D project, Victoria county, TX; coordinated acreage selection with joint venture partners; exercised lease options on 16 identified prospects and fulfilled data delivery requirements.

  • Daybreak Energy
    • Baton Rouge, Louisiana
    • Contract Landman
      • Jun 1999 - Jun 2001
      • Baton Rouge, Louisiana

      Provided Land services on contract basis to the Oil & Gas Industry.

  • Titan Exploration, Inc.
    • Baton Rouge, Louisiana
    • Land Manager, Gulf Coast Division
      • Jan 1998 - May 1999
      • Baton Rouge, Louisiana

      Negotiated/prepared participation agreements, operating agreements, and farmin/farmout agreements. Supervised/directed the creation of an offshore Land filing system. Analyzed and reviewed all due diligence responses for $71,300,000 sale of company’s offshore assets in May, 1999. Prepared all assignments for closing.

  • Carrollton Resources, L.L.C.
    • Baton Rouge, Louisiana
    • Land Manager
      • Oct 1993 - Dec 1997
      • Baton Rouge, Louisiana

      Negotiated/prepared participation agreements, operating agreements, and farmin/farmout agreements. Supervised prospect lease block acquisitions; producing property title curative work; lease maintenance; division order preparation; conservation unit hearing process; state regulatory reporting; preparation of Land records for corporate merger with Titan Exploration, Inc.

  • Various
    • Baton Rouge, Louisiana
    • Landman
      • Aug 1980 - Sep 1993
      • Baton Rouge, Louisiana

      Provided Land services on both an employment and contract basis to the Oil & Gas Industry.

Education

  • 1976 - 1979
    Louisiana State University, Paul M. Hebert Law Center
    Juris Doctor, Law
  • 1972 - 1976
    Louisiana State University
    Bachelor of Science - BS, Finance

Suggested Services

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Industry Focus. “Oil and Energy”

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