If you are trying to maintain your leases at the same time as curtailing production, you need certain information available across domains. We explored this first in our blog: Maintain Leases, Manage Shut Ins, and Maximize Efficiencies in a Downturn.

NAPE recently dedicated a roundtable to the topic of maintaining leases while curtailing production, and we noted a few important takeaways that directly relate to our customers’ utilization of software to assist in this process. Curtailment decisions require cross-department collaboration and access to data within the different upstream domains. From lease clauses to revenue interests to historic production and scheduled maintenance in the field, each department offers valuable insight that a decision-making team relies on in determining where to curtail or shut in production.

Land departments from coast to coast need to understand their lease position using current well data from both operated and non-operated wells. This can be a differentiator and competitive advantage in land management. Comprehensive and timely well data – whether your own or that of other wells in the area – offers insight that allows you to:

All land departments have issues surrounding maps – from the most sophisticated GIS structures to the groups that outsource all of their mapping processes. Many considerations must be made if engineering, geology/geophysics, and land are all to be on the same page. Consistency and communication are vital among and between these groups.

Maintenance is a fact of life. Just think about all the things you own or possess that need continual maintenance or upkeep. Cars need oil changes. Air conditioners and furnaces need new filters. Appliances need cleaning and inspection. Computers need protection from malware. The list goes on and on. Your oil and gas leases are no different. Lease maintenance is important in understanding what obligations exist on your leases and how to be efficient in maintaining your lease position.

When you think of ownership changes in upstream oil and gas, a lot comes to mind and that’s because ownership changes is a broad topic. It spans both land and accounting, there are a myriad of types and challenges associated, and addressing them takes time, effort, and manpower, the latter of which may be scarce especially right now.