Oil and Gas Software, Refined

The majority of Oil and Gas lease information remains in paper format. As assets change hands and operators come and go, this information can get lost in the transfer of documents, stuck forever in a black hole of filing cabinets, manila folders, and closet space. Without a way to easily find, access, and view these documents, they become useless.

Mineral, royalty, and non-op working interest owners often get the short end of the stick. They cash checks from operators and often just hope they are getting paid the correct amount. Due to the complexity and lack of insight into the data, verifying that payments are accurate is a difficult task, without which millions of dollars are lost.

Lease documents are complex and operators and mineral owners often struggle to understand and track all of the nuances of a lease agreement. When these agreements are misunderstood or are not entirely clear, Oil and Gas companies run the risk of losing leases by not understanding when the lease expires and the specific related contingencies.