Technology – Land Data Solutions Services

Home > Success Story

Technology – Land Data Solutions Services

Client Overview

A Fortune 100 independent energy company and leader in ESG performance and disclosure.

Deployed Capabilities

Transformation
Financial Advisory

30K Contracts Analyzed

Contractual terms and obligations were accurately captured in the new system.

Operational Efficiency

Automated KPI tracking system provides comprehensive reporting and oversight, ensuring progress and accuracy at each desk.

Risk Mitigation

This meticulous work safeguarded against financial discrepancies between AP and AR.

The
Challenge

Our client was concerned about the accuracy of their lease contracts. Data errors in their contract software created the risk of losing leases and acreage positions due to stale or inaccurate information. The desired outcome was to ensure accurate data capture and documentation in the new land and contract system for more than 30,000 lease contracts.

The
Custom 
Solution

We assembled a multi-disciplined team of attorneys, landmen, land administration, and technology consultants to review existing contract data. This review encompassed the legacy contract system, physical paper files, and various online repositories to ensure that every contract was located and thoroughly analyzed. We implemented a robust project management structure, including key performance indicators (KPIs) to monitor the project’s progress by desk and by week. This approach kept the project on track and ensured our client was consistently informed. Our team meticulously reviewed vast amounts of data, provided legal interpretations for client approval, and made necessary corrections through mass data uploads to the new contracts system.

The
Impactful
Results

We analyzed over 30,000 contracts to ensure all contractual terms were accurate and all obligations were captured in the new contract system. This meticulous work safeguarded that working interest partners were billed correctly and royalty owners were paid accurately, mitigating the risk of financial discrepancies. We created and automated a KPI tracking system, now utilized across our client’s entire land contract function. This system provides our client with comprehensive reporting and oversight, ensuring progress and accuracy at each desk and enhancing overall operational efficiency.

NEED ASSISTANCE?

Conquer Your Complex and Urgent Initiatives

Please provide us with some details about your needs, and we will respond promptly. Our specialists are always available.