IP Library Patent Application 13668989
Patent Application
App. No. 13/668,989

OIL AND GAS INTEREST TRACKING SYSTEM

Loading inventors, assignments & file history…
Monitor This Case
Get email alerts when status or documents change.
Order Certified Copies
Most orders are placed with the USPTO same day — all within 24 business hours.
Order via The Patent Place →
Pre-filled with this patent's details
Quick Facts
Patent No.
US None
App. No.
13/668,989
Abstract

A system for managing oil and gas mineral interest comprising: a server; one or more databases operatively associated with the server for storing oil and gas mineral interest data; one or more computer terminals operatively associated with the server and the database; an owner registration module operatively associated with the server and the database; a beneficiary registration module operatively associated with the server and the database; an access control module operatively associated with the server and the database; an oil and gas mineral interest data registration module operatively associated with the server and the database; a data standardization module operatively associated with the server and the database; an update module operatively associated with the server and the database; and a surveillance process module operatively associated with the server and the database.

Claims (36)

1 . A system for tracking and managing oil and gas mineral interest comprising:

a server;

one or more databases operatively associated with said server for storing oil and gas mineral interest data;

one or more computer terminals operatively associated with said server and said database;

an owner registration module operatively associated with said server and said database which is used to register the owner and provide the owner access to the system;

a beneficiary registration module operatively associated with said server and said database which is used to register the beneficiary and provide the beneficiary access to the system;

an access control module operatively associated with said server and said database which is used to grant one or more levels of access to owners and/or beneficiaries to the system;

an oil and gas mineral interest data registration module operatively associated with said server and said database;

a data standardization module operatively associated with said server and said database which grants a standard number and standard organizational theme to a copy of each entry of oil and gas mineral interest data entered into the system;

an update module operatively associated with said server and said database which allows for the updating of oil and gas mineral interest data; and

a surveillance process module operatively associated with said server and said database which allows for the monitoring of owner and/or beneficiary oil and gas mineral interest data.

2 . The system of claim 1 wherein said server being a server selected from the group including an application server, a database server, a file server, a proxy server, a remote access server or a standalone server.

3 . The system of claim 1 wherein one or more of said servers being a remote access server which permits a user to access the server and/or the one or more databases operatively associated with the server for storing oil and gas mineral interest data from a remote location over an open or a closed computer network or the internet.

4 . The system of claim 1 wherein the oil and gas mineral data includes data selected from the group comprising: real property deeds (i.e., general warranty deed, special warranty deed, quitclaim deed and the like), mineral interest related deeds, leases, contracts, operating agreements, pooling/unit agreements, government orders, conveyances, transfers, well records, and the like.

5 . The system of claim 1 wherein beneficiaries include any and all individuals or entities which have any legal interest in an oil and gas mineral interest.

6 . The system of claim 1 wherein owners are granted access to all data related to their own oil and gas mineral interest and to all data related to the beneficiaries of the owner's oil and gas mineral interest through the access control module.

7 . The system of claim 1 wherein beneficiaries are granted access to only the data related to their own oil and gas mineral interest through the access control module.

8 . The system of claim 1 wherein the oil and gas mineral interest data of an owner and/or the oil and gas mineral interest data of a beneficiary may be entered into said system through the use of the oil and gas mineral interest data registration module.

9 . The system of claim 1 wherein said data standardization module may assign codes for data such as the original beneficiary, the agreement type, the year the agreement was executed, a system generated serial number, a check digit, a split number, or a combination thereof.

10 . A method for managing an oil and gas mineral interest comprising the steps of:

providing a server and one or more databases operatively associated with said server for storing oil and gas mineral interest data;

providing one or more computer terminals operatively associated with said server and said database;

registering an owner of an oil and gas mineral interest through an owner registration module operatively associated with said server and said database to provide the owner access to the system;

registering one or more beneficiaries of an oil and gas mineral interest through a beneficiary registration module operatively associated with said server and said database to provide each beneficiary access to the system;

granting one or more levels of access to owners and/or beneficiaries to the system through an access control module operatively associated with said server and said database;

registering oil and gas mineral interest data using an oil and gas mineral interest data registration module operatively associated with said server and said database;

granting a standard number and standard organizational theme to a copy of each entry of oil and gas mineral interest data entered into the system using a data standardization module operatively associated with said server and said database;

updating the oil and gas mineral interest data using an update module operatively associated with said server and said database which allows for the; and

monitoring the owner and/or beneficiary oil and gas mineral interest data using a surveillance process module operatively associated with said server and said database.

11 . The method of claim 10 wherein said server being a server selected from the group including an application server, a database server, a file server, a proxy server, a remote access server or a standalone server.

12 . The method of claim 10 wherein one or more of said servers being a remote access server which permits a user to access the server and/or the one or more databases operatively associated with the server for storing oil and gas mineral interest data from a remote location over an open or a closed computer network or the internet.

13 . The method of claim 10 wherein the oil and gas mineral data includes data selected from the group comprising: real property deeds (i.e., general warranty deed, special warranty deed, quitclaim deed and the like), mineral interest related deeds, leases, operating agreements, pooling/unit agreements, government orders, conveyances, transfers, well records, and the like.

14 . The method of claim 10 wherein beneficiaries include any and all individuals or entities which have any legal interest in an oil and gas mineral interest.

15 . The method of claim 10 wherein owners are granted access to all data related to their own oil and gas mineral interest and to all data related to the beneficiaries of the owner's oil and gas mineral interest through the access control module.

16 . The method of claim 10 wherein beneficiaries are granted access to only the data related to their own oil and gas mineral interest through the access control module.

17 . The method of claim 10 wherein the oil and gas mineral interest data of an owner and/or the oil and gas mineral interest data of a beneficiary may be entered into said system through the use of the oil and gas mineral interest data registration module.

Assignments (2)
SECURITY INTEREST Recorded Mar 22, 2016
From: EMX TECHNOLOGIES, LLC
To: PETERSON PARTNERS VII, L.P.
Reel/Frame 038073/0545 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Nov 5, 2012
From: AGNEW, FRANK D.; AGNEW, THOMAS J.
To: MINERAL TRUST AND CLEARING CORPORATION
Reel/Frame 029241/0940 →