Enverus' MineraliQ will function as a financial management tool and an education center.
Fremont, CA: Financial management software has progressed significantly in recent years, evolving from simple reporting tools to platforms that incorporate automation and artificial intelligence. These sophisticated financial management software systems quickly become indispensable tools for all firms, regardless of size or sector.
"Many royalty owners find themselves using paper spreadsheets to track their oil and gas interests, due to lack of a better system. MineraliQ allows them to digitize their own financial information and enables options that may have previously been seen as out of reach," noted Phillip Dunning, director of product management for Enverus.
MineraliQ, free software from Enverus, the leading energy SaaS firm, provides mineral owners with a straightforward, easy-to-use portfolio management tool. Individual or family-owned mineral owners often have links to a limited number of wells and yearly royalty revenue of less than $100,000. MineraliQ combines everything from production statistics and well locations to post-production expenditures and expenses, offering a view of mineral properties that are rarely available to anybody other than large investors. This one-of-a-kind product is also Enverus's first to be released to the general market.
An owner adds their information into an account once created to connect themselves to their mineral holdings. Then, MineraliQ automatically associates revenue statement details with wells from the Enverus database, presenting information in a well-organized and easy-to-digest style. In addition, the software features an interactive map that displays well locations and neighboring oilfield activity, which is appealing to several mineral owners who are geographically separated from their mineral holdings and struggle to keep the pace of drilling and completion operations going place around their land. According to royalty mailing statistics, mineral owners having a stake in the Permian's huge oil and gas area frequently live elsewhere, such as Jacksonville, FL, Tucson and Phoenix, AZ, or San Francisco and Los Angeles, CA.
Enverus' MineraliQ will function as a financial management tool and an education center, answering frequently asked questions about post-production costs, how to interpret a check stub, mineral leasing choices, and important information for selling mineral holdings.