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P2 Energy Solutions to Acquire iLandMan

Leading upstream oil and gas software provider acquires iLandMan as part of strategic growth initiative.

DENVER, COLORADO – (May 22, 2018) – P2 Energy Solutions (“P2”), the leader in upstream oil and gas software, announced today it has signed a definitive agreement to acquire iLandMan (“iLandMan”), a leading cloud-based land and lease management software provider.

P2 Energy Solutions

P2 Energy Solutions

Founded in 2006 and headquartered in Lafayette, LA, iLandMan is a SaaS-based, real-time tract- and formation-based software that provides complete access to all company projects, along with maps and reports that both increase efficiency and eliminate wasteful duplication of effort. With iLandMan’s strong market presence and proven track record, this acquisition furthers P2’s mission to help oil and gas companies increase operational efficiencies.

Of the acquisition, P2’s CEO, J. Scott Lockhart, said, “P2 continuously strives to help our customers drive down costs and improve overall performance by ensuring we have the solutions that meet the variety of needs of the modern upstream oil and gas company. iLandMan expands our ability to optimize lease acquisition and land management processes for companies of all sizes, and brings with it excellent customers, software, and dedicated colleagues.”

iLandMan co-founder and president, Tim Supple, said, “P2 was a natural fit for our customers and employees. iLandMan brings a deep set of capabilities that complements their production, accounting, data, and land management offerings. We look forward to continuing our track record of innovation and customer success as part of P2.”

Whitehawk Advisory, LLC and Evangeline Securities, LLC served as financial advisors to iLandMan in connection with the transaction.

About P2

P2 Energy Solutions empowers the people who power the world. P2 is the world’s largest software and technology company dedicated to the upstream oil and gas industry, with solutions spanning the entire value chain from exploration to decommissioning. More than 1,500 companies use P2 products and services daily to improve decision-making, gain clarity into complex workflow scenarios, and optimize upstream efficiency. With more than 80 years of experience in data and 30 years in software, P2 has offices around the world, and employs over 700 people. For more information please visit www.p2energysolutions.com.

2018 PBLA Shrimp Boil + Golf Tournament

With over 1,000 people in attendance, 800 pounds of shrimp consumed, and 45 kegs of beer floated, the 2018 Permian Basin Landmen’s Association Shrimp Boil at The Bar was one for the record books! It was a beautiful day outside, and got a little hot, but things were cool under the big event tent where everyone feasted.

PBLA Shrimp Boil Under The Tent - 2018 PBLA Shrimp BoilEven more than last year, it was plain to see that spirits are high in Midland and everyone was enjoying themselves. We were happy to sponsor and participate yet again, and owe a big thank you to the folks at PBLA for putting on such a fantastic event.

Eric Ashley, Richard Hines - 2018 PBLA Shrimp BoilThe iLandMan team loaded up early the next morning and headed out to Hogan Park for the Golf Tournament. Armed with coffee, cigars, drinks, and some nice giveaways, the iLandMan team got the tent set up for another great event. We couldn’t believe how cold and windy it was, but that didn’t stop 640 golfers from coming out to enjoy the festivities!

PBLA Golfers, Tom Wilson, Richard Hines, TJ Westerhaus 9 - 2018 PBLA Golf TournamentAs if there weren’t enough local legends and superstar landmen around the course, former Major League Baseball star Jose Canseco was on site, smashing golf balls and signing autographs!

Richard Hines, Jose Canseco, TJ Westerhaus - 2018 PBLA Golf TournamentWith plenty of food and fun, it was another great day for the folks in Midland, courtesy of the PBLA.

Look for the iLandMan team next in booth #1519 at Summer NAPE in August at the George R. Brown Convention Center.

For more pictures from this great event, check out the gallery below or view the album on our Facebook Page where you can tag yourself and your friends.

2018 OCAPLTA Symposium

The 11th Annual OCAPLTA Symposium was held in the Minders School of Business at Oklahoma City University. President of the OCAPLTA, Kelley Newkirk Konarik and her team did a great job hosting the event. The lineup of presenters covered a wide range of topics that were educational and entertaining.

Tiffany Patterson, Kelley Konarik - 2018 OCAPLTA SymposiumThe first presentation was given by Meredith A. Wegener, a Professor and the Director of the Graduate Energy Programs at Oklahoma City University covering the topic of the ever evolving industry. It was a great start to the morning to hear from someone so knowledgeable and from the hosting University.

The next presentation was given by Doug Sandridge an Energy Consultant for EnergyPrecis. Mr. Sandridge was delightful and presented on how natural gas, wind, solar and other renewables generate electricity.  He also discussed how ‘green energy’ is not a clean as the we are lead to believe. One fun take away fact was that if you leveled the avian mortality across all types of energy sources, house cats would still be the leading cause of death to birds!

The Keynote Speaker during lunch was Brett Hutton. Mr. Hutton is a Leadership Author and Coach. He presented on the importance of communication and collaboration as a  necessary foundation. If a company is to survive and thrive it must start with their culture. I enjoyed his outlook, that people work best in an environment where they are heard and understood, versus a fear based, competitive environment. When you feel like you are being recognized for your unique gifts and talents you have the courage to thrive in your company.  Collaboration can only happen when there is communication. So stop… collaborate and listen!

The afternoon started off with Joseph Dancy, the Executive Director of Oil and Gas at the University of Oklahoma College of Law. Mr. Dancy spoke about the “Ten Technological Issues Impacting Shale Development”. It was nice to be informed on the new issues that are arising in the ever evolving drilling and fracking process.

Kenton Price who is a professor of Law at OU presented on an “Oilfield Drone Project” that took place in west Texas.  He also presented on the laws and bylaws of flying a drone. Companies are now considering this type of technology to monitor activity on their pipeline ROW’s, easements and drill sites. It was a very entertaining speech that contained useful information for those companies looking to advance their technology or those of us who just want to fly a drone!

Kenton Brice, Joseph Dancy, Tiffany Patterson - 2018 OCAPLTA SymposiumThe afternoon ended with a speech from Scott Stone about “Oil Patch Ethics”. He discussed the by-laws of NALTA and the code of ethics. NALTA is a great resource and network to assist those who are looking to better themselves and get continual education in an ever evolving industry. I liked how Mr. Stone posed the question to the audience: “What and who is your compass?” It is always good to check in with yourself and review your own standards because at the end of the day we all want to do our best.

Tiffany Patterson, Project Manager - iLandManThe day gave me a lot to think about and take away. I find more and more in life, it isn’t just a ‘you are with us or against us’ like we sometimes feel, being a part of the oil and gas industry because even ‘green’ isn’t clean. It is about doing what is ethical and right, using tools like research to uncover the truth and resources like NALTA to help us stay accountable. We won’t always have all the answers, but I hope you find yourself in a collaborative environment where you can communicate effectively, have the ability to continually learn, grow and thrive!

Tiffany Patterson – Project Manager – iLandMan