Latest MineralSoft product release gives oil & gas mineral and royalty owners land management tools for ownership interest verification, production analysis, and integrated financial reporting.
MineralSoft, the leading technology platform for oil & gas asset owners and investors, announces new unit tracking tools within its land management platform, enabling users to predict and verify mineral ownership and analyze financial performance in real-time. With the latest round of product enhancements, oil & gas investors now have the ability to automatically forecast and calculate ownership interests, verify revenue data, track permitting and drilling activity, and proactively manage asset risks and opportunities.
Mineral and non-operated oil & gas interests are specialty assets with complex ownership structures. Management of an oil & gas portfolio requires rigorous accounting for hundreds or even thousands of investments as well as ongoing auditing of production, pricing, and ownership records to ensure payments are accurate. To do this today, investors must manually review land records, process large volumes of check stub detail each month, and maintain data quality and consistency, all while trying to make proactive investment decisions. Tracking and analyzing interests in units is especially complex, requiring significant time and resources to generate business critical reports, such as calculating total ownership in the unit, or the net revenue interest (NRI). The reliance on outdated technologies and paper-based processes presents an industry-wide challenge for investors to effectively manage assets at scale. As a result, countless hours of management time and millions of dollars are lost to underpayments, inaccurate data, and missed opportunities.
MineralSoft’s expansion of its leading land management platform gives funds, family offices, banks, trusts, foundations, and other oil & gas owners and investors unprecedented capabilities for analyzing their portfolio. By supporting unit-based reporting and analysis with its latest release, MineralSoft enables oil & gas investors to stay up-to-date with activity around their units, ensure they are in-pay on all properties, and automatically verify their ownership interests across their portfolio.
MineralSoft’s land management platform boasts best-in-class functionality, including:
- Activity Reporting – Proactive alerts for new permits, completions, and producing wells in owned acreage and units, areas of interest and adjacent properties in a portfolio.
- Real-time NRI Calculation – Automatically forecast and calculate NRI using land ownership records with prediction and real-time verification of ownership decimals.
- Revenue Analysis – Track revenue and investment returns by acquisition, well, or unit. Analyze the financial performance of units, individual wells, and property acquisitions.
“With the addition of units to our already industry leading land management platform, we are eliminating another set of manual, time-consuming, and error-prone processes,” said Jon Parker, MineralSoft’s co-founder and CTO. “Units are critical for asset valuation, revenue allocation, production forecasting, and many other central processes of owning oil & gas assets, and this release enables our customers to gain a full understanding of their ownership and maximize returns,” he said.
The latest enhancements to MineralSoft’s technology platform extend the company’s track record of providing mineral, royalty and non-operated working interest owners with best-in-class technology for managing portfolios at scale and maximizing returns on oil & gas investments. In addition to the enhanced land management capabilities, the cloud-based mineral management platform also features tools for acquisitions and divestitures, mapping, portfolio management, and audit. Complementing its state-of-the-art technology, MineralSoft recently launched a professional services division staffed by veteran energy professionals, supporting clients with on demand consulting, outsourced back office functions, and full-service asset management services.
A live demonstration of MineralSoft’s new land management features is scheduled for Thursday, October 18 at 11:00 AM CDT. Showcase participants will also have the opportunity to have their questions answered by the MineralSoft team. Click here to register for the live event.