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Avoid litigation with our compliance tracking and notification system.
In Oil and Gas there’s nothing more frustrating or more frequent than changes in regulations and contracts. Unfortunately the information needed to ensure compliance with these changing requirements usually comes from across your organization. And with the shale boom came increasingly complex leases signed by increasingly vigilant mineral rights owners. We have created a system that ensures your lease will never be in jeopardy by tracking the status of your wells across all departments and creating
proactive notifications that alert your team to act before you’re out of compliance.
Our lease provision tracking application is designed to facilitate management of royalty payment compliance by providing an easy to use interface with access to essential data. It provides the ability to track continuous drilling, minimum production, cessation of production and royalty escalation provisions. It is so successful because it centralizes and then surfaces relevant data that usually resides in separate systems. Users can easily create, end, suspend and/or modify custom lease provisions. And they can also choose which leases to stay on top of by opting in to daily status updates per lease. User reports are currently automatically customized and generated. It’s a proven solution, and would work well as a specialized land admin dashboard with drill-downs per well.
Because every company has unique needs in this area, we customize our proven lease provision tracking system and well data architecture to your advantage, making this a solution that will actually match the way you do business rather than become a stale software product that’s always waiting on an upgrade to do what you really want it to.
Read more about compliance as an opportunity to improve your business.
