Oildex, a leader in financial automation solutions for the oil and gas industry, and MineralSoft, Inc., a leading developer of software solutions for managing minerals, royalties, and non-operated oil & gas assets, today announced a strategic alliance to create the industry’s first end-to-end digital platform for mineral, royalty and non-operating interest owners to receive, track and analyze oil & gas revenue data.
Combined with the mapping, land and document management capabilities of MineralSoft’s cloud-based platform, investors now have a complete, data-driven solution for managing oil & gas asset portfolios through seamless integration with Oildex, the industry’s most comprehensive check stub data exchange.
The partnership provides mineral, royalty, and non-op portfolio managers a unified solution for accessing real-time revenue data as well as the tools to effectively analyze, audit and verify their income.
In addition to importing traditional CDEX data files, MineralSoft has created a real-time data pipe which, coupled with its portfolio management tools, provides unprecedented access to check stub detail and enables investors to work with this critical data in powerful new ways.
MineralSoft users can work with Oildex data in a variety of ways, including comparing revenue to expenses for ROI analysis and comparing check stub production data to public data to verify income and capture missing revenue.
More than 250 operators, 67,000 service providers, dozens of financial institutions and millions of mineral rights owners in North America use the Oildex Network to seamlessly and securely collaborate with their business partners, automate critical business processes, eliminate the high cost and errors associated with the handling of paper, and obtain access to key data to make more informed business decisions.
Backed by leading digital oilfield venture capital firms, MineralSoft has also formed strategic partnerships with leading oil & gas data providers Drillinginfo and Oildex.