Introducing PakEnergy AI for Land Management
Simple, streamlined collaboration between land and legal teams is critical in today’s oil and gas industry. From lease negotiations to regulatory compliance, these departments rely on each other to keep operations smooth and reliable. However, too many companies still use outdated practices for data sharing and document management systems, resulting in delayed due diligence and missed opportunities.
With modern land management software solutions, operators can eliminate disconnects between land and legal teams. When there’s a single, unified data source for all departments, stakeholders at all levels of the company can easily collaborate and optimize an operator’s portfolio.
Where Does This "Data Disconnect" Come From?
Landmen typically focus their efforts on land management tasks, like negotiating leases and verifying surface and mineral rights. Land teams often leverage lease acquisition software to help manage title information.
Meanwhile, legal teams support oil and gas land administration by handling compliance issues. They verify that each deal satisfies state and federal law, including the Bureau of Land Management.
It’s all too easy for mistakes to occur when land and legal teams use separate systems or operate in silos. Without land management software providing a centralized platform, operators risk misalignment between land and legal teams, potentially resulting in lease maintenance issues or a lack of compliance with important legal guidelines.
How Land Management Software Bridges This Gap
The best land management software can help eliminate siloed departments, getting everyone on the same page with collaborative access to accurate, updated lease data. These land management solutions provide teams with live visibility into the fine details of every asset, including lease terms and expiration dates.
Even for operators with hundreds or thousands of wells, oil and gas land management software offers various departments real-time access to a unified operational overview. Land and legal teams can focus on individual wells or view trends across entire regions or portfolios without worrying about overlapping efforts or error-prone manual data entry.
The document management features of land management software can be particularly helpful in closing the information gap between land administration and legal teams. For instance, staff can attach contracts and regulatory documents to the lease records for any given asset, allowing everyone a holistic view of asset ownership rights.
Helpful Tools for Cross-Department Workflows
Complete land management system software provides a wealth of features for every department at any stage of the asset lifecycle.
- Shared Electronic Calendars: Brokers can input new deals directly into the system, which tracks deadlines to make sure nothing falls through the cracks. Never miss a compliance deadline or lease expiration again!
- A Central Source of Verified Data: Store and track data and deadlines for all obligations in one location, while automated periodic workflows streamline delegation and collaboration between teams.
- Automated Alert System: The best land management software will also provide automatic reminders for lease renewal dates, owner payments, compliance notifications, and more.
- Integrated Financial and Legal Features: You won’t need external accounting software with the best land management solutions, as they include complete tools for everything from invoicing to audits.
PakEnergy: Where Land and Legal Teams Work Hand-in-Hand
The collaboration between land administration and legal staff is vital for any operator. When you use outdated, manual systems to support this collaboration, even the best teams will run into delays and errors.
PakEnergy’s modern land management software provides companies with a shared workspace for teams throughout the asset lifecycle, leading to improved communication and operational efficiency. Connect with a Pak Pro today today to learn more about how our tools can help teams work together to achieve your operational goals.
