IP Library Patent Application 17322121
Patent Application
App. No. 17/322,121

DETERMINING A FINANCIAL ADVANCE FROM HYDROCARBON WELL ROYALTIES

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.
17/322,121
Abstract

Techniques for generating an advance on hydrocarbon royalties include determining an ownership interest in one or more hydrocarbon production wells for an entity based on at least one of payor or payee data associated with the entity; determining an identification of each hydrocarbon production well based on an associated identifier; determining an allocated hydrocarbon production volume value for each hydrocarbon production well based at least in part on lease-level hydrocarbon production volume data; determining a present monetary value for each hydrocarbon production wells based on the determined allocated hydrocarbon production volume value and a present hydrocarbon monetary value per volume unit; determining a financial offer instrument for the entity based at least in part on a sum of the determined present monetary values; and generating data that includes a representation of the determined financial offer instrument for the entity for presentation on a graphical user interface.

Claims (74)

1 . A computer-implemented method performed with a computing system that comprises one or more hardware processors, comprising:

determining, with the one or more hardware processors, an ownership interest in at least a portion of one or more hydrocarbon production wells for an entity based on at least one of payor data associated with the entity or payee data associated with the entity;

determining, with the one or more hardware processors, an identification of each of the one or more hydrocarbon production wells based on an associated identifier of each of the one or more hydrocarbon production wells;

determining, with the one or more hardware processors, an allocated hydrocarbon production volume value for each of the one or more hydrocarbon production wells based at least in part on lease-level hydrocarbon production volume data;

determining, with the one or more hardware processors, a present monetary value for each of the one or more hydrocarbon production wells based on the determined allocated hydrocarbon production volume value and a present hydrocarbon monetary value per volume unit;

determining, with the one or more hardware processors, a financial offer instrument for the entity based at least in part on a sum of the determined present monetary values; and

generating, with the one or more hardware processors, data that comprises a representation of the determined financial offer instrument for the entity for presentation on a graphical user interface (GUI).

2 . The computer-implemented method of claim 1 , wherein determining the ownership interest comprises at least one of:

identifying, with the one or more hardware processors, the payor data from a royalty payment record associated at least one payor; or

identifying, with the one or more hardware processors, the payee data from a royalty payment record associated the entity.

3 . The computer-implemented method of claim 1 , wherein the associated identifier comprises an American Petroleum Institute (API) number uniquely associated with each of the one or more hydrocarbon production wells.

4 . The computer-implemented method of claim 1 , further comprising:

identifying, with the one or more hardware processors, the at least one of payor data associated with the entity or payee data associated with the entity from a royalty statement associated with the entity; and

identifying, with the one or more hardware processors, the associated identifier of each of the one or more hydrocarbon production wells from the royalty statement associated with the entity.

5 . The computer-implemented method of claim 4 , further comprising:

determining, with the one or more hardware processors, at least one additional payor data associated with the entity based on the at least one of payor data associated with the entity; and

determining, with the one or more hardware processors, an associated identifier of at least one additional hydrocarbon production well associated with the entity based on the

6 . The computer-implemented method of claim 1 , wherein the determined allocated hydrocarbon production volume value for each of the one or more hydrocarbon production wells comprises historical allocated hydrocarbon production volume value for each of the one or more hydrocarbon production wells.

7 . The computer-implemented method of claim 6 , further comprising determining, with the one or more hardware processors, the historical allocated hydrocarbon production volume value for each of the one or more hydrocarbon production wells by:

identifying, with the one or more hardware processors, a lease identifier associated with the lease-level hydrocarbon production volume data;

determining, with the one or more hardware processors, a plurality of hydrocarbon production wells associated with the lease identifier, the plurality of hydrocarbon production wells including the one or more hydrocarbon production wells;

determining, with the one or more hardware processors, a decline curve model for the lease-level hydrocarbon production volume data associated with the lease identifier;

modeling, with the one or more hardware processors, aggregated monthly well-level hydrocarbon production values with the determined decline curve model; and

determining, with the one or more hardware processors, the historical allocated hydrocarbon production volume value for each of the one or more hydrocarbon production wells based on the aggregated monthly well-level hydrocarbon production values and the decline curve model.

8 . The computer-implemented method of claim 7 , wherein the determined allocated hydrocarbon production volume value for each of the one or more hydrocarbon production wells further comprises predicted allocated hydrocarbon production volume value for each of the one or more hydrocarbon production wells.

9 . The computer-implemented method of claim 8 , wherein the decline curve model is defined, at least in part, by a maximum periodic hydrocarbon production value and at least one decline rate.

10 . The computer-implemented method of claim 8 , further comprising:

determining, with the one or more hardware processors, the predicted allocated hydrocarbon production volume value for each of the one or more hydrocarbon production wells based at least in part on the decline curve model.

11 . The computer-implemented method of claim 1 , wherein determining the financial offer instrument for the entity comprises executing, with the one or more hardware processors, an underwriting process.

12 . The computer-implemented method of claim 11 , wherein the underwriting process comprises:

determining, with the one or more hardware processors, a loan to value (LTV) limit;

determining, with the one or more hardware processors, that the sum of the determined present monetary value exceeds the LTV limit;

determining, with the one or more hardware processors, that the present monetary value for any one of the one or more hydrocarbon production wells does not exceed a particular percentage of the sum of the determined present monetary values;

determining, with the one or more hardware processors, that a value of the financial offer instrument does not exceed a particular percentage of an entity portfolio debt value; and

determining, with the one or more hardware processors, that the underwriting process passes.

13 . The computer-implemented method of claim 12 , wherein generating data that comprises the representation of the determined financial offer instrument for the entity is based on the determination that the underwriting process passes.

14 . A computing system, comprising:

one or more memory modules;

one or more hardware processors communicably coupled to the one or more memory modules, the one or more hardware processors configured to execute instructions stored on the one or more memory modules to perform operations comprising:

determining an ownership interest in at least a portion of one or more hydrocarbon production wells for an entity based on at least one of payor data associated with the entity or payee data associated with the entity;

determining an identification of the one or more hydrocarbon production wells based on an associated identifier of each of the one or more hydrocarbon production wells;

determining an allocated hydrocarbon production volume value for each of the one or more hydrocarbon production wells based at least in part on lease-level hydrocarbon production volume data;

determining a present monetary value for each of the one or more hydrocarbon production wells based on the determined allocated hydrocarbon production volume value and a present hydrocarbon monetary value per volume unit;

determining a financial offer instrument for the entity based at least in part on a sum of the determined present monetary values; and

generating data that comprises a representation of the determined financial offer instrument for the entity for presentation on a graphical user interface (GUI).

15 . The computing system of claim 14 , wherein the operation of determining the ownership interest comprises at least one of:

identifying the payor data from a royalty payment record associated at least one payor; or

identifying the payee data from a royalty payment record associated the entity.

16 . The computing system of claim 14 , wherein the associated identifier comprises an American Petroleum Institute (API) number uniquely associated with each of the one or more hydrocarbon production wells.

17 . The computing system of claim 14 , wherein the operations further comprise:

identifying the at least one of payor data associated with the entity or payee data associated with the entity from a royalty statement associated with the entity; and

identifying the associated identifier of each of the one or more hydrocarbon production wells from the royalty statement associated with the entity.

18 . The computing system of claim 17 , wherein the operations further comprise:

determining at least one additional payor data associated with the entity based on the at least one of payor data associated with the entity; and

determining an associated identifier of at least one additional hydrocarbon production well associated with the entity based on the

19 . The computing system of claim 14 , wherein the determined allocated hydrocarbon production volume value for each of the one or more hydrocarbon production wells comprises historical allocated hydrocarbon production volume value for each of the one or more hydrocarbon production wells.

20 . The computing system of claim 19 , wherein the operations further comprise determining the historical allocated hydrocarbon production volume value for each of the one or more hydrocarbon production wells by:

identifying a lease identifier associated with the lease-level hydrocarbon production volume data;

determining a plurality of hydrocarbon production wells associated with the lease identifier, the plurality of hydrocarbon production wells including the one or more hydrocarbon production wells;

determining a decline curve model for the lease-level hydrocarbon production volume data associated with the lease identifier;

modeling aggregated monthly well-level hydrocarbon production values with the determined decline curve model; and

determining the historical allocated hydrocarbon production volume value for each of the one or more hydrocarbon production wells based on the aggregated monthly well-level hydrocarbon production values and the decline curve model.

21 . The computing system of claim 20 , wherein the determined allocated hydrocarbon production volume value for each of the one or more hydrocarbon production wells further comprises predicted allocated hydrocarbon production volume value for each of the one or more hydrocarbon production wells.

22 . The computing system of claim 21 , wherein the decline curve model is defined, at least in part, by a maximum periodic hydrocarbon production value and at least one decline rate.

23 . The computing system of claim 21 , wherein the operations further comprise:

determining, with the one or more hardware processors, the predicted allocated hydrocarbon production volume value for each of the one or more hydrocarbon production wells based at least in part on the decline curve model.

24 . The computing system of claim 14 , wherein the operation of determining the financial offer instrument for the entity comprises executing, with the one or more hardware processors, an underwriting process.

25 . The computing system of claim 24 , wherein the underwriting process comprises:

determining a loan to value (LTV) limit;

determining that the sum of the determined present monetary value exceeds the LTV limit;

determining that the present monetary value for any one of the one or more hydrocarbon production wells does not exceed a particular percentage of the sum of the determined present monetary values;

determining that a value of the financial offer instrument does not exceed a particular percentage of an entity portfolio debt value; and

determining that the underwriting process passes.

26 . The computing system of claim 25 , wherein the operation of generating data that comprises the representation of the determined financial offer instrument for the entity is based on the determination that the underwriting process passes.

Assignments (4)
RELEASE OF SECURITY INTEREST IN PATENTS (REEL/FRAME 065943/0954) Recorded Dec 29, 2025
From: GOLUB CAPITAL MARKETS LLC
To: ENVERUS, INC.
Reel/Frame 074103/0381 →
SECURITY INTEREST Recorded Dec 22, 2023
From: ENVERUS, INC.
To: GOLUB CAPITAL MARKETS LLC, AS COLLATERAL AGENT
Reel/Frame 065943/0954 →
CHANGE OF NAME Recorded Oct 28, 2021
From: DRILLING INFO, INC.
To: ENVERUS, INC.
Reel/Frame 057968/0816 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded May 17, 2021
From: DUNNING, PHILLIP; WILCOX, FABER; MASTERS, STEPHEN
To: DRILLING INFO, INC.
Reel/Frame 056261/0353 →