Oil and Gas Production Is Booming
Oil and Gas Production Is Booming
Last year, the oil and gas industry broke records in production and positive forecasting for December. In fact, oil production in North Dakota hit 1.4 million barrels per day. Which is a 2% increase within just one month’s time.
And you think that’s impressive? Gas jumped by 5%. All of these record-breaking metrics were attained despite the 35,000 barrels per day self-restriction placed on the industry.
And North Dakota isn’t the only case where that is happening.
Texas has been reported to be breaking the 1970s records of crude oil production. Over 25,000 new oil and gas jobs have been added. Texas has the largest gains, along with Oklahoma, New Mexico, and North Dakota.
There is no end in sight for the demand of the oil and gas industry to stop any time soon.
If you are a professional landman, you need to consider our True Land Oil & Gas Management Software.
The True Land software can empower professional landmen, like yourself, to attain the level of efficiency and effectiveness for the industry and rank among the industry leaders in a matter of months instead of years.
Take the first step today. Call our programming professionals at 903-531-0377 to learn more.
Excel Doesn’t “Excel” For Landmen
Excel Doesn’t “Excel” For Landmen
Once upon a time, landmen and land companies used Excel Spreadsheets to input all of their records and data. Oftentimes, these records would have issues such as incorrect data, improper calculations, and can easily become unorganized in the process of the natural business cycle. When you’re working in the land management business, time is of the utmost importance. While Excel has many great features, Excel as an application can be an ineffective system.
1. Reporting
A major flaw with Excel is that no matter how you build a report for a customer, it’s always going to look like an Excel spreadsheet. When you’re trying to get business in the door, land businesses should have only one thing on their mind at this stage in the process – “What does this say about our business?” Sending out an Excel spreadsheet doesn’t exactly scream “land professional”. With land management systems, like True Land, all of your reports come at just the click of a button with a professional PDF template to send to potential clientele.
2. Organization
The days of constantly scanning documents, organizing them in folders, and hiring a lot of administrative staff can be reduced significantly with land management applications. Allow your administrators to focus on keeping and maintaining clients. The True Land software, unlike Excel, allows for a more efficient research solution. Looking up project information and details has never been easier and more “real”. Real-time data allows for land professionals to be “in-the-know” with what is going on with their employees and centralize all important information into one application. With Excel, it can be delayed based on the workload of the individual(s). Reduce overhead and save money with a land management system like True Land.
3. Customizability
Excel is a static application. Meaning, Microsoft will likely not take into account how you do business or what your needs are for your business. It provides a lot of variety of resources but it does not work with you or will be willing to talk with you about your needs. The original programmers of True Land are able and willing to talk to you about what you will need for your business. If it’s a custom report, done. If it’s a change in viewability, or who can view certain records and who cannot. The fact is that True Land is much more than a land application. It’s a serviceable experience that’s meant to make land professional life easier.
At the end of the day, it all comes down to cost. Should you hire additional employees to maintain Excel spreadsheet records? Or would it be better suited to purchase an application at a low monthly rate? The numbers speak for themselves. If you are looking to start a land business or transition from Excel, you may call us at 903-531-0377 or on our Contact Form below. We look forward to hearing from you!
The Future Of The Oil & Gas Industry
The Future Of The Oil & Gas Industry
Ever since the 2014 crash, the oil and gas industry has been thinking more about utilizing alternative renewable energy resources. In order to stay competitive oil and gas companies need to come up with innovative ways of keeping their industry flowing effortlessly. However, things are looking up for the industry due to technological advancements.
Some key points to keep in mind moving forward
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Smart Drilling
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Blockchain
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Understanding the relativity of fossil fuels and renewable fuels
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Smart oilfield technology
Over the next several months we are going to be writing about these topics, as well as paying attention to the ever-changing climate of the industry. Our goal is to keep you informed and involved this year and in the years to come. Our company knows that each year will bring more demand for technological utilization in this industry. We are always here to help you find out what will best help your business. Give us a call today to learn more.