Manual well matching is a painful, time-consuming manual process, especially when your minerals investment portfolio consists of thousands of wells across multiple entities. Slow processes don’t do your business any favors in a fast-paced, competitive minerals market.
For mineral companies looking for ways to gain more efficiency and scale for growth – and let’s face it, who isn’t trying to become more efficient these days? – the new EnergyLink Premium, an upgrade available to EnergyLink subscribers, can help you by eliminating manual well matching.
What is EnergyLink Premium?
EnergyLink Premium automatically matches your revenue and JIB properties to your wells, simplifying payment audits and eliminating tedious manual processes for well-level analysis on non-operated assets. The subscription includes access to well data matched by Enverus, access to non-operated Excel reporting and reporting APIs.
Raisa Energy is already reaping the benefits
Raisa Energy, a company with non-operated interests in more than 15,000 wells across most major U.S. basins, uses EnergyLink Premium to streamline their manual well matching process. Gaining access to a comprehensive inventory of well data and automating their processes, drastically reduced manual data entry and improved accuracy.
“Trying to match wells was a never-ending frustration in our operations, consuming hours of valuable time. EnergyLink Premium transformed this process, turning what used to be a 20-hour project into a 5-hour task. Now, our team can focus on more valuable work, and we can make faster, more accurate decisions,” said Jeff Brimhal, EVP of Accounting
For Raisa Energy, the efficiency provided by EnergyLink Premium goes beyond valuable time savings. Raisa Energy is a forward-thinking company, focused on scaling their operations by investing in technology.
They currently process more than 300 revenue checks and joint interest billing (JIB) statements monthly, demanding a team of 13 professionals to handle these complex tasks. Mass data processing is key to helping the team do their work efficiently. Gaining access to a comprehensive inventory of well data and automating their processes with EnergyLink Premium drastically reduced manual data entry and improved accuracy.
The technology allows them to aggregate wells, reconcile data and gain insights quickly to obtain a competitive advantage. It has become an indispensable tool, empowering the Raisa Energy team to propel growth and success in the energy industry.
“API matching from EnergyLink Premium has been pivotal for scaling our business. With thousands of wells across multiple entities, trying to match them manually was bandwidth-intensive and inefficient. Now, the process has been streamlined for our land mapping and accounting teams. Mass data processing is a big part of our competitive advantage, and EnergyLink Premium has become indispensable in helping us achieve that.” Jeff Brimhal | EVP of Accounting
Automatic well matching – Only at Enverus
“EnergyLink Premium is a great example of how Enverus continues to create additional value for our customers through product innovation—whether through organic or through acquisition. We acquired EnergyLink in 2019. For years, operators and mineral investors have relied on the EnergyLink platform to upload and access revenue and JIB statements and related information. Today EnergyLink is the largest network of its kind. We track 95% of all revenue data in the platform. Enverus also tracks every well in North America. By combining these two datasets, we are able to offer a new solution to an industry problem that only we can solve,” says Jimmy Fortuna, Chief Product Officer at Enverus.
Fill out the form to download Raisa’s story and get started with EnergyLink Premium today.
