Blog: Visualization Is the Name of Today's Oil and Gas Game04/21/2014
Seeing your land position enables informed planning and decision-making
Imagine with me for a moment …
You and your significant other have decided it’s finally time. After years of renting an apartment, it’s time to buy a home – one with a white picket fence and an emerald-green lawn.
The two of you hop into your SUV and drive to the local real-estate agency. You’re excited … no, elated! This will be your first home. You can see yourselves sitting on the front porch on a warm summer day now.
You park your car and walk into a realtor’s office. You can barely sit still you’re so excited. You can’t wait to take a drive around town and see all of the for-sale homes.
The realtor then proceeds to tell you something strange. Very strange.
“We’re not going to be looking at homes today. We’re going to be reading about them – how many square feet they are, how many bedrooms and bathrooms they have, those sorts of things. Are you as excited as I am?!”
You and your loved one slowly turn to look at each other. Then back to the realtor: “But we were really looking forward to seeing some homes today.”
Visualization is key – for homebuyers and for oil and gas pros
If you’re an oil and gas professional, seeing your land position is just as important as seeing a home before you buy it.
Think about it, would you really pull out your checkbook and sign away a $40,000 down payment before seeing the home you’re going to live in for the next 10 or 15 years?
Likewise, should oil and gas teams make high-stakes business decisions based on what they’ve gleaned from spreadsheets and paper reports?
We think not.
The best decisions are made when teams have the ability to see, on a map, their areas of interest and their leasehold position in the energy patch.
This type of visualization allows those in the Land and Land Administration departments to:
- See their company’s lease position relative to the competition’s
- Manage crucial provisions and obligations
- Zoom to a prospect and see their leases, acreage and interest in the area
- Set up and manage leases, contracts and division orders quickly and easily
In other words, visualization enables oil and gas professionals to work quickly and intelligently – a must in today’s energy marketplace.
Imagine making a business-changing decision based on what you’ve read on a spreadsheet or heard from a colleague. Now imagine buying your first home based on what some realtor has shown you on a piece of paper.
Visualization is needed to get the most out of you oil and gas assets … and to secure a home with just the right white picket fence.
Interested in learning more?
If you’re interested in learning more about land visualization and how it can help your team make quicker, more accurate business decisions, don't hesitate to reach out to us.