epmag.com: “Landmen Value Technology Adoption: Measurable ROI”

Hart Energy E+P Magazine

Landmen Value Technology Adoption: Measureable ROI

E&P companies and brokers share their experiences about leveraging technology in recent years.

Five companies have all harnessed technology within the last four years to manage lease acquisition and management of leased assets. Each company contends it has grown its respective firm three to four times larger and faster than what would have been possible with the methods used previously.

E & P MagazineThe lease acquisition and management software technology deployed by iLandMan has impacted the operations of these companies.

From Disparate to Disciplined

E&P companies Westward Energy and Escondido Resources both knew the projects that were starting required better ways to find locations. Westward (Albuquerque, NM) was working with multiple partners in six states to secure more than 200,000 acres.  Escondido (Houston) was an early entrant into the Eagle Ford play, obtaining 60,000 leased acres in a 200,000-acre area.

The two companies were using spreadsheets, paper, email, and attempting to use Google docs — none of which solved the disparate nature of organizing the information or providing a reliable forum for all parties to communicate with one another without duplicating effort. They had no reliable way to know exactly what they owned, nor a way to display or manage their assets.

John Sandager, partner with Westward Energy, had previously managed a $500 million trust with… click here to read the full article on epmag.com


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