How do you know what you are buying?
75% of all leases in the shale plays have horizontal and/or vertical pugh clauses. Much of this acreage will expire or require additional payments to maintain, even after development.
Consider the recent Noble acquisition of Rosetta where Noble paid approximately $38,000 per acre. At prices like this, having accurate information of what is owned is absolutely crucial to the decision making process.
Would you make a deal like this based on information found in boxes of files, thousands of rows of Excel spreadsheets, or a lease-based back office system? This could cost your company MILLIONS!
iLandMan is the only system that can verify gross and net acreage against mineral ownership on a lease-by-lease, tract-by-tract, formation-by-formation basis. Our advanced functionality enables you to easily determine future obligations and payments such as vertical/horizontal pugh clauses, shut-in, and lease extensions, all with accompanying maps.
We are so confident that we can save you money, we will analyze your lease information at no upfront cost. Contact us today for a free consultation on how we can save you MILLIONS.