Keeping Watch in the Oil Field: Software Program Designed to Make Management Easier

Article excerpt

An attorney and former petroleum landman has created a management system that, she claims, saves exploration costs through more efficient operations and quicker project starts.

Nancy Curtis is all about saving money, time and being efficient.

She has created a software program that allows well operators and other land professionals to manage hundreds of records. Curtis founded LandMasters Energy Management Systems LLC in August 2008, and the program has been in development since then.

Curtis is testing the software program with a mineral manager, petroleum landman and well operator. She expects to launch it in October.

Designed from scratch, LandMasters is a database that offers management tools for the well operator, landman and attorney.

The creation by Curtis simplifies the tasks of a landman. In the oil and natural gas industry, a landman negotiates oil and gas leases with mineral owners, negotiates business agreements for exploration and development of oil and gas, determines ownership in minerals through the research of public and private records and reviews the status of titles.

"If I had this application when I was doing title opinions in Washita County or Okmulgee County, where there are so many mineral owners, it would have saved me a month off the time I put into it," Curtis said.

Getting the math right

Spreadsheets are valuable, Curtis said, but only to a point.

"But, when you have so many mineral owners, you are going to have rounding errors and just a lot of math errors," Curtis said. "This program is set up where we do not have that kind of problem."

Oil and gas exploration and production involve the management of thousands of acres of land, multitudes of mineral owners, working- interest owners and land professionals, Curtis said.

"Operators employ dozens of land professionals, many work independently and in multiple locations to collect land and ownership data," Curtis said.

Curtis has 15 years of oil, gas and title experience as an attorney. "I have worked as a landman, drill site, division order, acquisition and real estate title attorney," Curtis said. The experience gives Curtis insight into E&P software development.

The resource unites diverse team members by allowing the transfer of information directly onto the Web, where projects are instantly updated and reports generated, said Curtis.

"This puts the operator, the landman and attorney all on the same resource," Curtis said. "Instead of using multiple applications, they have one set of data."

Operators like to monitor the field help. …