#013: Well Profits: How to Track Mineral Interest Investments
In this episode, Phil discusses a topic that is a bit different from the usual conversation on the podcast. Phil shares information about the launch of an online-cloud based application of the SherWare software, Well Profits which has been around since 1996. This transition is just the beginning of all of the SherWare applications and software moving to the web.
Well Profits is designed to help users find mistakes to get them corrected. Current users have even said that using Well Profits has helped them to save over 30 working hours per month. This powerful online application allows users to track and report on the revenue and expenses being generated by their interest. The importing capabilities and reporting system are a game changer for the Oil & Gas industry, saving users both time and money.
Here are some of the things you can look forward to in this episode:
- An overview of Well Profits and what the application does
- Testimonials from current users of Well Profits
- How to get started and set up your account
- Tips for managing your systems and procedures using Well Profits
2:35 Why we changed our product name to Well Profits
2:40 What Well Profits does
2:55 The two superpowers of Well Profits
4:14 Making tax season a breeze
7:08 Importing revenue and expenses into the application
7:29 Saving time by setting up proper operating procedures
8:13 Phil’s favorite report to take a look at