Oil and gas land department practices

May 2014
 

At a glance

Download: Oil and gas land department practices

Oil and gas company land departments must manage increasing volumes of land data from which they must derive intelligence. Leading companies are transforming their land departments through three distinct steps.

Overcoming the onslaught: With the volume of land and lease data increasing, integration becomes a key factor

Oil and gas company land departments are challenged to manage unprecedented volumes of land data and create insight and intelligence with these data. Despite recent growth, land data management practices have been slow to evolve. The management of land data remains dominated by local individualized approaches that are heavily dependent on Excel spreadsheets and individuals' knowledge. This approach is not sustainable given the high level of activity driven by acquisitions and divestitures.

Despite recent growth, land data management practices have been slow to evolve.

Leading companies are transforming their land departments through three distinct steps:

  • Streamlining the integration of land assets into the organization;
  • Optimizing the enablement of land services within the organization; and
  • Generating business insight from land data.