MMS Annual Industry Awards Program and Luncheon: Sharon Redding
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    Industry Awards Program
 
Sharon Redding
 
Company: True Companies
Nominator: Stacy Leyshon
Supervisory Mineral Revenues Specialist
Minerals Revenue Management

hainmertzreddingriemer.jpg (41242 bytes)

Left to Right: MMS Director Johnnie Burton, Dan Riemer, Sharon Redding, Charlie Mertz, Rob Hain, and Minerals Revenue Management Associate Director Lucy Querques Denett

Ms. Redding has significantly influenced the success of the MMS Wyoming RIK pilot. She has been an essential industry contact since the program began in 1998. Many of the royalty rates and tract percentages of offered properties require careful monitoring by industry and MMS. Ms. Redding has spent considerable time and effort ensuring this data is current and correct. Her courteous, generous assistance exceeds routine business relationships and she has proved an invaluable business contact in understanding reporting, as well as the Wyoming oil business in general. Over the years, we have developed an excellent working relationship and Ms. Redding is a trusted resource for the RIK program in Wyoming.

Ms. Redding has been instrumental in the recent streamlined reporting success of the Wyoming RIK pilot. The MMS and the State of Wyoming now use a service that automates run ticket and check payment information electronically. This service is widely used by industry and it was Ms. Redding who initially suggested its use for the Wyoming RIK pilot in mid-2001. Ms. Redding even offered to provide historical data so we could perform a look-back "pilot" test on how the program would have worked had we used this service in the past. She spent many hours helping MMS and the State of Wyoming understand how the service works and how it would have worked with the historical data she provided.

In October 2001, this new service helped MMS to identify quickly a volume and value discrepancy. This identification was reconciled within a week and generated a payment of $100,000 in additional royalties for MMS and the State of Wyoming. Had this new service not been in place, this discrepancy would have been undetected until after an audit performed some months later. Preliminary comments from many in industry on this reporting verification service is extremely positive. Thanks to Ms. Redding, the RIK program is now significantly more efficient and is a giant step closer to standard industry practice.

For these reasons, Ms. Redding is most deserving of the MMS Corporate Leadership Award.

Last Updated: 09/17/2010, 05:06 PM Central Time