MRM Royalty-In-Kind Mid Office Prequalification and Credit

This page last updated:
09/22/2008

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Michele Fields

MRM Royalty-In-Kind Mid Office Prequalification and Credit

The MMS actively develops, maintains, and expands its base of customers interested in purchasing RIK oil and natural gas production. In addition to offering highly commercial approaches in its RIK commodity sales program, MMS employs industry-based credit processes to manage its risk exposure for the full life-cycle of the business relationship from contract award to final close-out. To participate in the RIK competitive sales program, new bidders must first complete MMS’s pre-qualification process.

Customers List	Surety Bonds
Gas Base Contract - MMS Special Provisions	Parent Guaranty Model
Crude Oil General Terms and Conditions	Small Refiner Eligibility Form
Letters of Credit	RIK Key Contacts/Mailing Addresses

Mid Office Prequalification and Credit Details:

The Pre-qualification Process
The MMS manages its pre-qualification process through the RIK Program’s Mid Office organization. Over 50 natural gas and 40 crude oil purchasing companies have, to date, pre-qualified for the participation in the RIK competitive sales program, with additional companies expressing interest each month. More than 50 companies have been awarded sales contracts. Many of these companies are recognized leaders in the domestic energy industry.

Mailing Address:	Overnight Delivery:
Minerals Management Service Royalty In Kind P.O. Box 25165, MS 330B2 Denver, CO 80225-0165	Minerals Management Service Royalty In Kind 6th & Kipling Denver Federal Center, Building 85 MS 330B2 Denver, CO 80225
For questions: Contact Pam Rieger, 303-231-3020 for pre-qualification or credit; Robert Kronebusch, 303-231-3510 for RIK oil; Pam Rieger, 303-231-3020 for RIK gas; or Judi Clark at 303-231-3537 for nominations, invoices, and production imbalances.