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Winter Newsletter – 2014

The Lay of the Land

Return on iLandMan (ROI)

iLandMan Saves E&P from Legacy Microsoft System; Reduces Costs Significantly in the Process

Publicly traded E&P Clayton Williams Energy Incorporated (CWEI on the Nasdaq) had been using a Microsoft Access database for years to bring in lease information from brokers to manage projects. In 2010, Microsoft planned to retire the support that Barbara Goodson, Lease Administrator for CWEI, had been relying on. iLandMan gave her the opportunity to improve efficiencies and reduce costs in the process of further integrating with her land group: both brokers and internal land executives. Today, CWEI has more than 100 prospects in five states utilizing iLandMan out of the company’s Houston office. Thousands have been saved annually.

CHANGE CAN BE GENUINELY BETTER
“The interactive program that iLandMan has provided to our company and those (brokers) who work on our behalf is genuinely better,” says Goodson. “The ability to cross-reference tract ownership when in the lease contract reports is always there, and the link between tract and contract/ lessor/lessee ownership is at our fingertips. I don’t believe anyone else can do that as fluidly.” CWEI can always view its assets as a real-time map that is as current as a given day’s work.

SERVICE, REPORTING AND SAVINGS ADVANTAGES
When was the last time your enterprise software vendor (such as Microsoft) gave you a legitimate solution in 15 minutes or less? Ms. Goodson explains, “I am accustomed to sending a question or suggestion while on-line in iLandMan. The normal response time is less than 15 minutes—quite impressive in my book. “Additionally, the reports available to me for the necessary quarterly and year-end acreage summaries have cut down on the hours I used to spend putting these reports together. I would say that iLandMan saves at least another full-time employee a year—a nice company savings in light of healthcare costs and other expenditures.” Just another example of an annual return on investment with the application of iLandMan.

Hines Sight

Are You Missing the Forest for the Trees? By Richard Hines, Vice President/Partner

Many companies, both land services and exploration, are missing the forest for the trees. Very often landmen also feel this way when working on leasing and curative projects. They seem to get frustrated with terms, sorting, and calculating, because they don’t have the proper tools. I’ve seen this first hand time and time again.

It is truly surprising that Geologist and Engineers have their software tools, Administration and Accounting have their software tools, but the land departments and brokers are left to either use the other disciplines software, or do without. Most have resorted to using spreadsheets, as they are common indexing tools that come with many computers normally approved corporate-wide.

TODAY’S PROJECTS REQUIRE BETTER TOOLS
Unfortunately, the projects of today require more powerful tools than spreadsheets. It wasn’t long ago that the typical conventional project was a few thousand acres, whereas today’s unconventional plays are a few hundred thousand acres! Traditional methods of scheduling tracts and leases don’t work well in this new age of expansive projects.

Ultimately, the company just wants results and the landman feels pressured to produce.  When project questions arise, the landman usually refers to lease spreadsheet that has been patched together from multiple sources, making it very difficult for the landman to get a correct answer in a timely manner. This process leaves the landman without enough back
ground information to understand exactly what they own or how to deal with specific issues. Using a tractbased land system like iLandman, gives both land contractors and in-house landmen the proper tool to query, analyze, report and present the information they are collecting in a real time and uniform format.

GET A BETTER VIEW
We have a saying that our iLandMan software allows users to see land data in 3D, just like 3D software helps geoscientists view seismic data. We also say the map is the data and the data is the map. These sayings represent huge evolutions in empowering landmen with tools to collect, manage, and see their projects like never before. It also gives them a way to check for errors, view obligations, and even approve typical work related activities. New features, like project dashboard metrics and title opinion/curative modules take our users even further in seeing the bigger picture.

So when you start to feel like the trees are closing in, give us a call or send us an email. We can show you that using a land database like iLandMan can change your view on things.

Map Tracts

Introducing iLandMapper

The newest mapping module from iLandMan, iLandMapper, enables users to quickly and simply create, edit, name or rename tracts and units without requiring third party systems or GIS experience. iLandMapper is a worthwhile, value-added product for any land department that wants to more easily generate and make changes to a project map on the fly, in real-time.

TRACTULATOR DRAWS BY QUARTER CALLS
Start mapping by clicking the locator button to auto fill a location based on the center of the map. The Tractulator feature draws tracts on the map using quarter calls. As the tract description is referenced and the quarter calls are entered, the new polygon instantly takes shape right on the map.

METES AND BOUNDS CALLS ARE STREAMLINED WITH MeBo
Some project descriptions include metes and bounds calls, or lat/long coordinates. iLandMapper’s MeBo feature allows such calls to be entered with directions and measurements; the information can be entered manually or by clicking a point on the map. The polygon continues to form the map in real time.

iLandMapper is also capable of merging or dividing polygons. This flexibility makes it simpler to prepare maps for presentations, reporting and strategic decision-making.

©2014 iLandMan. All Rights Reserved.

 

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