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Introduction to Tobin Enterprise Land. November 2, 2010. Introduction to Tobin Enterprise Land. Tobin Enterprise Land - Complete Land Management. Mapping – Integration with Tobin GIS Studio. Tobin Enterprise Land Overview. Ease of Use. Lease Acquisition. Maintenance. Flexible. Acreage.
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Introduction to Tobin Enterprise Land November 2, 2010
Tobin Enterprise Land Overview Ease of Use Lease Acquisition Maintenance Flexible Acreage Fee Property Obligations Ownership
Tobin Enterprise Land Overview Ease of Use Lease Acquisition Maintenance Flexible Acreage Fee Property Obligations Ownership
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Varying Lessor Mineral Interest Tobin Enterprise Land Overview • Multiple Counties/States How Lease Information is Managed Reasons for Multiple Tracts • Multiple Projects/Prospects • Varying Status (producing/non-producing) • Varying Company Interest
Tobin Enterprise Land Overview Ease of Use Lease Acquisition Maintenance Familiar user interface Flexible Acreage Fee Property Obligations Ownership
Tobin Enterprise Land Overview Ease of Use Lease Acquisition Maintenance Flexible Acreage Fee Property Obligations Ownership
Tobin Enterprise Land – Lease Acquisition Wouldn’t you like to know if the lease has been signed?
Tobin Enterprise Land – Lease Acquisition Manage Leasing from a Company Perspective Organize, maintain and assign projects to responsible parties • Track and Map leasing activity, budget/costs and payment of drafts • Provide single data entry at source
Lease Acquisition Company Land creates Projects & assigns Buy Areas Lease Acquisition Overview Field Acquisition Broker generates & submits the lease Lease Acquisition Company Land approves/rejects leases LeaseData Land Admin finalizes lease info
Lease Acquisition Company Land creates Projects & assigns Buy Areas Lease Acquisition Overview Field Acquisition Broker generates & submits the lease Lease Acquisition Company Land Approves leases LeaseData Land Admin finalizes lease info • Access information real time • Increase competitive advantage • Leased vs. unleased • See what competitors are doing • Improve efficiency • Eliminate duplicate data entry • Eliminate interfaces • Reduce cost • Keep the information you paid to collect • Single system to maintain
Tobin Enterprise Land Overview Ease of Use Lease Acquisition Maintenance Familiar user interface Increase operational efficiencies Flexible Acreage Fee Property Obligations Ownership
Tobin Enterprise Land Overview Ease of Use Lease Acquisition Maintenance Flexible Acreage Fee Property Obligations Ownership
Tobin Enterprise Land - Acreage Depth Severances in the Same Lease Partial Mineral Interest in Multiple Leases No Working Interest Two leases, each with 50% Mineral Interest 100% Working Interest
Tobin Enterprise Land Overview Ease of Use Lease Acquisition Maintenance Familiar user interface Increase operational efficiencies Accurate acreage reporting Flexible Acreage Fee Property Obligations Ownership
Tobin Enterprise Land Overview Ease of Use Lease Acquisition Maintenance Flexible Acreage Fee Property Obligations Ownership
****Notice to Land **** The Dewey#1 Well has been shut in for the foreseeable future. Please review related leases and update required obligations.
Find, Review and Distribute Information • Find information – Leases tied to the Dewey #1 Well • Review information • Distribute information to others
Tobin Enterprise Land Overview Ease of Use Familiar user interface Increase operational efficiencies Accurate acreage reporting Superior asset protection Lease Acquisition Maintenance Flexible Acreage Fee Property Obligations Ownership
Tobin Enterprise Land Overview Ease of Use Lease Acquisition Maintenance Flexible Acreage Fee Property Obligations Ownership
Tobin Enterprise Land – Domain Manage Ownership
Domain Overview • Property and Divisions of Interest for Cost and Revenue Ownership • Date-effective ownership • Land Ownership (8/8ths ‘true’ title ownership) • Working, Override, and Royalty interests • Burden Groups • Standalone, EU integration, SAP interfaces EU Integration session Wednesday 10:45 a.m.
Ownership Maintenance • DOI ownership is effectively dated • Chain of title is available by date range • Global or criteria-driven ownership transfers Land DOI with complete chain of title