Exploration and Production Companies.
Increased efficiency for larger projects without increasing staff size.
Before purchasing iLandMan, we were using a combination of Excel spreadsheets and VLP to maintain our leases. The core problem I was focusing on was the speed of entry of each lease into the system: the ability to have multiple users entering data, and then tying that data to our mapping system (ArcMap/GIS) to print maps based on custom reports.
A lot of our prior projects involved fewer leases than our current ones, so they covered smaller and more rural areas. Our more current projects cover a larger surface area and involve smaller lots. Through iLandMan we’re able to have multiple people enter the data, which has greatly increased our ability to keep the land data much more current. In the past we couldn’t even get accurate gross and net acre numbers because of the delay in getting the data entered. In addition, we had no way to tie that data to our existing mapping program and accounting program. iLandMan has increased our efficiency and provided us a way to maintain larger projects without increasing the size of our staff.
In terms of ROI, the metric we focus on is fairly simple: can we keep up with the number of leases and associated contracts that come in on a daily basis? The smaller the stack that needs to be entered, the better. Given the small size of our land staff, any efficiency is equated to faster data entry and more real-time, accurate land maps.
The cost to use iLandMan, in relation to the features it provides, is very reasonable compared to the other systems we reviewed. The best thing we have seen is the willingness of iLandMan’s programming group to listen to our suggestions and the ability to incorporate those suggestions into our system. When the system has not provided the ability to maintain data that we need or to generate the type of report we need, iLandMan has listened to our needs and made the necessary additions or changes our company has needed. It has allowed us to pivot as our needs evolve.
Joe Judd, Vice President of Land + Legal
PetroMax Operating – Garland, TX
$230,000 saved in two months thru lease reductions.
The iLandMan technology is an invaluable strategic tool. Everyone from landmen to directors can “see” the scope and scale of our projects. This technology does for land what 3-D did for G&G; it is a technology leap. Earlier this year we could determine not only which leases we wanted to drop but also determine by mapping contract conditions, which leases allow us to partially release only the tracts outside of the new prospect area. Then we overlayed the new geology to show why. This is a great advantage in today’s market.
ORX Exploration – New Orleans, LA
Talon Oil and Gas III
Divesture due dilligence done in nearly half the time.
iLandMan allowed our buyer to complete the due diligence period of a divestiture in nearly half the time it took to close a similarly sized divestiture without the iLandMan software. The ability to generate numerous reports from the title database and quickly access images of recorded instruments is extremely valuable in terms of meeting critical deadlines and closing a deal rapidly when the courthouse is overcrowded.
Bradley Williams, Managing Member
Talon Oil and Gas III – Dallas, TX
Increased land holdings four fold.
Since the adoption of iLandMan, Westward has increased land holdings four fold in one year, and the partners are managing double the activity. Now they can look at complete projects in a uniform manner. They have instant access to the smallest base detail, and can make informed evaluations on progress and costs. iLandMan is helping Westward manage to opportunity, instead of reacting to it.
Westward Energy – Albuquerque, NM
MAI Oil Operations
A picture is worth a thousand words.
The mapping features of iLandMan allow us to see “the whole picture” of our current leaseholds, new areas of interest, and areas in which competing operators are leasing or have current production….a picture is worth a 1000 words and iLandMan is the best view going.
MAI Oil Operations – Dallas, TX