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Royalty Studio

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Identify and collect entitled royalties.

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Predictive

Diagnostic

Identify and Collect Royalty Revenue

Royalty Studio equips your company with the tools and information required to find missing entitlements and facilitate the collection of owed royalities. By automatically integrating internal land and finance data, with external public data, Royalty Studio identifies what land is owned, which wells on that land are producing, and corresponding royalty payments that have been recieved and those that are missing. Information is diplayed in a comprehensive, easy-to-read form allowing users to quickly compare records in various systems, and identifty inconsistencies.

“Royalty Studio plays an important role in closing our data gaps. The traceability it provides ensure opportunities don’t stay lost.”

Laura Allegro

Director, Business Process, TAQA North

The Challenge

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The Solution

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Integrate land, finance, and public data

Access current data from internal and public sources to deliver well production and royalty data, ensuring all revenue opportunities are identified.

Consolidate royalty information

Transform your company’s royalty data into a consolidated view, enabling management to effectively monitor the progress and status of royalty activities.

Automate workflow for royalty collection

Effectively manage the identification and collection of royalties through collaboration, notifications to stake holders

Analytics to monitor royalty opportunities

Generate detailed reports to track opportunities, and monitor ongoing receipt of payments to ensure revenue opportunities are not missed.

“Royalty Studio is a fundamental component of our royalty compliance and production reporting controls.”

David Creig

Manager, Compliance, Rife Resources

Streamline the process of getting paid

The embedded workflow engine effectively manages the process of identifying and collecting entitled royalties, by providing a consolidated view of progress and payment status. Each stage of the process is captured in one place, enabling collaboration and alignment between land and accounting to ensure all opportunities are identified and pursued. Features including role-based view/edit permissions, stakeholder notifications, and complete record keeping, make the royalty process transparent and each opportunity traceable.

Royalty Analytics

Comprehensive reports provide valuable insight into your company's royalty landscape to achieve compliance, ensure all opportunities are identified, and royalty payments are collected on an ongoing basis.
Display missing entitlements with actual production, by payor.
Maintain adjustment factors, such as shrinkage, by well, field, or area.
Segment all candidate wells and their current payment status.
Apply industry prices to each well, field, or area by time period.

Royalty Studio

by | Jan 20, 2016 |

Know your rights. Get your share.

Royalty Studio

by | Jan 20, 2016 |

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“Exploring modern technology to deliver innovative solutions. Resource Studio changed my life…”

Joe Blow, Western X

Exploring modern technology to deliver innovative solutions.

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Diagnostic

Connected

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Predictive

Diagnostic

Applications

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Royalty Studio

Jan 20, 2016 |

Exploring modern technology to deliver innovative solutions.

Sales of Fuel Gas to Third-­‐Parties

It  is  vitally  important  that  fuel  gas  sold  off  lease  is  reported  and  billed  out  as  a  sale  where  there  is  a  difference  in  the  working  interests  between  the   fuel  gas  providers  and  users.  Because  this  is  a  relatively  uncommon...

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