Modern oil and gas land administration teams depend on a robust ecosystem of digital tools to track leases and manage assets. However, there are so many software platforms available on the market that integration can be a significant challenge.
When operators rely on siloed spreadsheets or disconnected databases, productivity and efficiency suffer. Instead of relying on antiquated data collection and analysis methods, land management software can provide a cohesive land tech stack that streamlines operational success.
An effective land tech stack starts with land management software solutions. All of your land data will live here, including ownership records, lease agreements, and payment schedules. The best land management software groups this information into a single, centralized database, providing various departments with live asset visibility.
Today’s top land management solutions streamline workflows across teams, automate tedious tasks, and reduce the potential for human error. When operators connect field data with lease information and financial reports, they enable smarter, more efficient decision-making across all levels of the company.
Land management system software doesn’t live in a silo. Instead, it connects with complementary systems to generate a holistic, real-time overview of an operator’s land portfolio. Here are a few examples of helpful tools that round out a top-performing land tech stack.
Data Capture and Mapping Tools
Field tools capture live data from every asset in an operator’s portfolio. When this information feeds directly into land management software solutions, land teams can view integrated GIS maps combining first- and third-party data in a custom mapping environment.
Document Management
Land teams rely on thousands of important documents to operate at peak efficiency. Oil and gas land management software with integrated document storage allows these teams to quickly locate and update contracts, titles, and more, all from one convenient platform.
Financial Features
When operators pair land management software for oil and gas with accounting software, financial teams can provide consistent royalty payments and accurate revenue reporting. These interconnected tools minimize delays and allow accounting staff to handle financials without worrying about land data integrity.
A fully connected oil and gas land administration data ecosystem allows each tool to communicate with the others, providing consistency across all departments. For example, when land personnel add a new contract to the system, your land management software can trigger automated workflows in connected systems, like accounting or production.
These integrations also streamline compliance efforts. Government entities like the Bureau of Land Management often require accurate, timely reports for leases and permits. When operators leverage connected systems within a cohesive tech stack, they reduce the risk of inaccurate or inconsistent compliance reports and costly penalties.
Some operators have a few dozen assets, while others have hundreds or even thousands. No matter the current size or stage of your company, flexible land management solutions allow companies to scale without having to replace tech tools. Your land tech stack should be able to scale effortlessly alongside your operations.
PakEnergy’s comprehensive solutions offer oil and gas land administration tools with integrated features to support the entire asset lifecycle. Schedule a demo with one of our experts today and find out how PakEnergy’s land tech stack can take your operations to the next level.
Watch this on-demand webinar "Less Tech, More Impact" to learn how a simpler tech stack can saves time and keeps things running smoothly »