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.
In wake of latest technologies, EMXT is also leveraging machine learning in one of its proprietary solutions—Digital Lease Review. Developed to review lease discrepancies, Digital Lease Review guides clients’ internal teams, who own a number of leases, through lease documents to identify anomalies. In an instance, a client had to endure a loss of millions of dollars because they missed their lease payment. EMXT’s Digital Lease Review emerged as the savior for the client. The quality assurance team of EMXT employed Digital Lease Review to remove all the possible errors found in the client’s system and ensured that no lease payment was missed ever again in the future.


Active Receipts enable us to 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

With their wide range of solutions, EMXT has also put together a training program for its clients to learn and understand how these solutions operate. Moreover, the company offers customized inquiries on its solutions’ dashboards that enable customers to consider their key performance indicators (KPIs) to build reports based on any field permissions they like.

EMXT now envisions continuing its endeavors of providing solutions to increase equity and payment interests of its clients. With an emphasis on innovation, the firm’s future goal is to create unparallel value for its customers and solve their business issues by improving its intuitive and comprehensive solutions. EMXT is also planning on enhancing its partnerships and is acquiring a number of oil and gas services available currently in the market.

Company
EquityMetrix Technologies

Headquarters
Dallas, TX

Management
Crystyl Swanson, Enablement Strategist

Description
EquityMetrix Technologies provides well-developed, best-in-class solutions to mineral trust owners and gas operators to manage their assets and lease information data. The company has created a comprehensive product—Mineral Trust—that helps clients in keeping track of their assets and incoming data from oil wells. Additionally, EquityMetrix Technologies offers is Active Receipts—a program that matches land data and revenue data that compares the actual oil production with the interest rates being paid to the firms. EquityMetrix Technologies also leverages its proprietary solutions—Digital Lease Review— to review lease discrepancies

EquityMetrix Technologies