EquityMetrix Technologies: Tracking the Assets till the Last Drop

Historically, the oil and gas industry has been at a standstill for years in terms of adopting technologically-driven solutions. Reasons being: a majority of oil and gas companies are still reliant on paper-based methods to maintain lease and asset information. Besides, a majority of mineral trust owners lack clear visibility across the entire leasing process and agreements. What organizations need is a robust system that would enable mineral trust owners and oil and gas companies to manage the complex and valuable information of leasing processes and agreements. This is where Texas-based, EquityMetrix Technologies (EMXT) marks its presence with its well-developed, best-in-class land data management and revenue recovery solutions that efficiently manage mineral trust owners’ and gas operators’ assets and lease information.

EMXT has created a comprehensive product—Mineral Trust— that helps clients in keeping track of their assets and incoming data from oil wells. For deep oil wells, Mineral Trust proves to be a beneficial tool as it offers visibility into different data points pulled from oil wells by assessing the geographical regions. “Our partnerships with multiple oil and gas companies enable us to collect relevant data from every oil well in America and provide it to clients on a monthly basis so as to help them analyze the same to create pre-scanned reports, generate revenue, and grow their business,” begins Crystyl Swanson, enablement strategist at EMXT. “Our team also leverages the clients’ massive amount of data including lease contracts and pending payments to provide data scanning and data cleanup services.”

Another solution that EMXT offers is Active Receipts—a program that matches land data and revenue data. Specifically developed to cater to oil and gas companies, Active Receipts compares the actual oil production with the interest rates being paid to the firms. By tying these two pieces of information together, EMXT is ensuring that its clients are receiving their revenue as per the signed agreements. “Active Receipts enable us protect the customers’ revenue by using the production data and observing it from the accounting perspective, so as to provide them a better idea of their cash flow,” says Crystyl.