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:
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
In this episode, we talk with Matt Sands, the host of the Mineral Rights podcast.
The Mineral Rights Podcast is a show for you to learn about owning mineral rights. What is a lease? What taxes are involved? How do I check production for my wells? How do I calculate my royalty interest? What is a division order? I got an offer to purchase or lease, but is it reasonable? How do I read my check stub? Matt gives you answers to these and more questions about managing mineral rights and royalty interests.
Matt has over 19 years of Oil & Gas industry experience. Matt is a graduate of the Colorado School of Mines with a BS in Engineering with a Mechanical Specialty and a Minor in Public Affairs. Matt is the principal of Silverheels Investments LLC, a family-owned company focused on mineral rights advisory services and investing in minerals and royalties in select basins across the US.
5:00 – Why Matt went to the Colorado School of Mines
6:33 – Why Minerals interested Matt
8:30 – Matt’s advice on surviving the oil & gas ups and downs
13:35 – Why the Mineral Rights Podcast exists.
16:01 – The most listened to Mineral Rights episodes
20:55 – Resources for Mineral Owners