P2 iLandMan

Use iLandMan on a daily basis. Does a great job keeping projects organized.

Kommentare: Helps keep all of our projects organized, from tracts to contracts to wells.

Vorteile:

Reminds us when we have bonus/extension/rental payments due. Also lets us know when other payments are due, such as shut-in royalty payments. The map feature is excellent. The support we receive is great as well.

Nachteile:

The trainings that are offered are too basic. After the training, you do not know enough to use the software to it's full extent. Also, the help feature is outdated, and usually isn't specific enough. A set of guidelines that walk you through step-by-step in setting projects/tracts/contracts/wells up would be very helpful.

Great Platform for Lease Management

Vorteile:

I respect the functionality and thought put into linking together the Contracts and Instruments at the tract level. The information is readily available at the click of a button. Look at a tract and you will find the Instruments, Contracts (old and current), Assignments, Title Opinions, the linked Wells and Units are all displayed on one tab. This makes finding the information I need as quick as possible. Also, the Contract Conditions Section is extremely useful, as it makes Cost Free Royalty Reports and Consents Required Reporting as easy as pushing a button. I can search for Vertical Pughs or Horizontal Pughs, or let's face it, anything I need to know about a contract or group of contracts regarding their provisions. Some of the setup required (especially with the provisions section) are tedious, but this time is well worth it when you are running reports down the road.

Nachteile:

Before I state the following, iLandman's Customer Service has the fastest response time anyone could expect. I hear back almost immediately every time I submit a ticket. However in this environment, Customer service can be tricky. It can be difficult to describe what problems you are having without building step-by-step directions for how a problem occurred (and sometimes you don't really know what happened, you just know something happened). There is a bit of a communication gap. I'm sure this is common with all IT services and is probably not isolated to iLandman's customer service people, but it can be a tough hurdle.

ILM has a firm grasp on basic land detail, but comprehensive reporting is somewhat cumbersome.

Vorteile:

I find iLandmapper to be one of the most useful tools in ILM, as it is ever-changing with the tract and contract data. The ability draw our own polygons has greatly improved the accuracy of our data. The ability to run reports comparing the data to the map is reassuring that both the data and the map are in harmony. Coming from an Excel-based database, another important "pro" to note is that my data is secure. No one can inadvertently overwrite or delete a formula, which can devastate an entire Excel workbook in one click, if not caught immediately. In ILM, if the data happens to be edited incorrectly by a user, we can track that instance down to a specific person/date/time and get it corrected in a fraction of the time it would take in Excel.

Nachteile:

Comprehensive Data Reporting is by far my least favorite aspect of iLandMan. Despite the extensive reporting options, none seem to capture everything I'd like to see. The Report Builder is a wonderful concept, but limited in the way it allows the user to pull data together. In order to pull data together the way I need it, I had to pay for a customized report. Also, the well features in ILM are very limited and exclude basics, such as, Company WI/NRI in the well, permit number, depth of the well, regulatory district, lease acreage, well proration acreage, etc. ILM also excludes any section for building/tracking AFE/partner elections, which makes the Interest Deck dependent on manual data entry stemming from outside sources. As the Division of Interest (Interest Deck) is dependent on AFE/partner elections,it would be nice to have these integrated in the software.

Easy to use, free customer support

Kommentare: Great reporting and interactive map

Vorteile:

Easy to use, awesome for new projects as they come in from the field. I like that it's intuitive and does not contain complicated screens. I like that it can be used as a data room and that permissions are easily assigned to users.

Nachteile:

There are a lot of little nuances that if they aren't done in order, can mess things up, like under payments if you choose a location and then send to the next payment approval level it deletes the location. You must save first. There is only one blank for royalty, so when I have different royalties for oil and gas I have to choose one, which is not actually correct. Mostly small things once you get past initial project setup and production.

Nice user interface and ease of use

Vorteile:

I love that I am able to access the software from any computer, and it is always easy to find the documents I am looking for.

Nachteile:

I don't like that I am unable to download all documents for each tract in one mass download. Clicking on each individual document one at a time is time consuming when I need to review many documents at once.