MineralTracker is a minerals management software that allows mineral owners to compare actual royalty payments to expected payments based on well performance and a proprietary and Bakken-specific reservoir model built by MineralTracker’s petroleum engineers.
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About The Guest:
Jeff Kummer is a Petroleum Engineer and Minerals Manager with extensive experience in the oil and gas industry of the Williston Basin.
A mineral and surface owner himself, Jeff has a comprehensive knowledge of property valuation, oil and gas leases, division orders, and negotiating strategy for the wide variety of agreements necessary for prudent oil and gas development. Jeff’s professional career as a petroleum engineer ranges from working for various operators across the Rockies to leading an oilfield services company in North Dakota.
Jeff was the Vice Chairman of the ND Oil & Gas Research Council as appointed by Governor Dalrymple, the ex-officio Chairman for the Industry Advisory Board to the UND Petroleum Engineering Department, and nationally recognized as a recipient of Oil and Gas Investor magazine’s “20 Under 40” award.
Jeff graduated from the Colorado School of Mines where he received a Bachelor of Science in Petroleum Engineering.
MineralTracker was formed in Watford City, North Dakota and is a subsidiary of McKenzie Minerals Management, LLP, a family owned and operated business also based in Watford City.
Background Questions:
- Let’s start at the beginning. How did you get involved in the O&G industry and in mineral rights specifically?
- How long has the company been around?
- Please tell us a little about yourself and the genesis of MineralTracker?
- What is the mission of MineralTracker – what do you do?
- MineralTracker currently (as of December 2018) only covers the Williston Basin. What are your plans to expand to other basins?
- There are now a few companies that offer a software solution to help manage mineral rights and royalties. How do you differentiate yourself from your competitors?
- In addition to the Mineral Tracker software solution, what other services do you offer mineral owners?
MineralTracker Specifics:
- I noticed on the MineralTracker website that the Mineraltracker Pro plan is $99/mo. Per well portfolio. What does a user get for this price?
- Jeff, can you talk about your typical client – are they individual mineral owners, family offices, mineral investors; what is the mix?
- You mention that this includes unlimited wells through 2018 – is this for new users and loading wells into a portfolio, how will this change after 2018?
- What is the average portfolio size for your typical user?
- Any new features coming up that you are excited about?
How to Contact Jeff:
- MineralTracker Website
- info@mineraltracker.com
- Phone: 833-842-2924
Thanks for Listening!
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Thanks again to Jeff Kummer for joining me. Until next time!
