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New
Book
Release
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| Robert Malone has been featured in a new book,
Black Gold, The Story of Texas Oil & Gas, which was
released by The Texas Energy Museum featuring many prominent
leaders in the industry where Malone was featured back to back
with the famous Clayton W. Williams. More
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Malone
Petroleum
Consulting &
Joint Interest
Auditors |
Malone Petroleum
Consulting & Joint Interest Auditors recovers millions
of dollars for its clients. Its two largest client recoveries-
$60 million and $18 million-had already been audited and missed.
It has had over one thousand findings in some audit reports,
and has even obtained a credit for an entire well's drilling
charges for a client. An interesting recovery was $5.2 million-but
it only reviewed $2.4 million in cost. The company performs
beneficial audits of acquisitions, blowouts, contracts, expenses,
legal, non-consents, payouts, and revenues. The owner is Robert
P. Malone, who was trained by a major oil company in the oil
field and who is known as the "auditor's auditor."
He is a Council of Petroleum Accountants Societies expert
and is considered one of the best auditors in the world.
Externally, Joint Interest Auditors is a
proven, valuable profit and information center for management.
It has always been a wise policy to audit investments in order
to improve profitability by recovering and precluding incorrect
overcharges from outside operators.
Internally, Malone Petroleum Consulting provides
services, either on a day rate and/or contingency basis, in
order to reduce client losses that happen in every organization
resulting in significant, cumulative losses. MPC has learned
from the best in the industry. |
The organization would not begin
to be what it is today without the genius and support
of certain individuals-Jim Boney, Dexter Earl Brown,
Barry Cohen, Robert A. Giroir, Olga Dubois Malone, Daniel
A. Nelis, Lee A. Perry, Leigh Prieto, and Stephen Tredennick.
Malone has a favorite story: ARCO was a
very big client and Malone had never met J. R. Ashley,
who was ARCO's director of joint interest audit. So
Malone called Ashley and asked to meet him. Ashley said,
"I don't want to meet you, Bob, because in my mind,
you leap tall buildings! If I meet you, I will see that
you are fat and ugly and it will destroy my image of
you." Malone said, "I think you are serious."
Ashley said, "Yes, I am very serious." (Malone
and Ashley did meet much later.)
Malone, who is a certified fraud examiner,
worked directly with Raymond Plank, president of Apache.
The audit hit the front page of the Wall Street Journal
and Apache's stock went up after the article was published.
MPC is located at 12651 Briar Forest #165,
Houston, Texas 77077. For more information, please call
281-531-1500 or visit: www.MalonePetroleumConsulting.com. |
SHARING THE HERITAGE
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Largest recovery
$60,000,000
It had already been audited
and the exception was missed!
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Report was $19,747,379.16
with
$18,953,753.45 in
agreed exceptions.
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3rd largest recovery
$18,000,000
This one had also been audited
and the exception was missed!
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Over 1,000 exception
findings
in some joint interest reports!
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Obtained credit for the drilling
charges for an
entire well as a
granted exception!
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Audit results were front page of
Wall Street Journal
Client's stock went up!
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Reviewed $2.4 million
in LOE cost
Recovered $5.2 million
in exceptions!
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Audit results
cancelled
existing claim against the client!
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Before the audit,
the clients owed money.
After the audit, the operators
owed money to the client!
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Recommendations made prior
to the drilling of wells
made the clients millions!
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Results were ten
times that of
the largest big 6 audit firm.
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