Oil & Gas Unclaimed Property Audits Are Heating Up
Unclaimed property (UP) enforcement has entered a new era. States are ramping up audits and hiring aggressive third-party “bounty hunter” auditors. Their only job? Dig through your records, stretch state rules, and collect.
Everything is fair game: missed deadlines, stale addresses, suspense accounts, and even records inherited years ago. If your company isn’t proactively managing UP exposure, even a small oversight can spiral into hefty penalties, backdated interest, and a full-blown audit.
This isn’t just about a compliance headache. It’s a strategic risk to your revenues and reputation. In this timely webinar, our panel of escheat experts will cover:
- Why UP audits are surging in energy
- Common audit triggers (and how to avoid them)
- What to expect if you’re flagged
- Defensive tactics, including VDAs
- Managing inherited risk after M&A
- The importance of cross-functional coordination
This is a must-attend session for land managers, owner relations, accounting & finance, compliance, and risk leaders. Don’t wait for a bounty hunter to come knocking. Save your seat now.
