Easements & Commodity Transmission

The details in your surface and transmission agreements matter now more than ever. With efficient access to the structured data output of Midstream contracts and documents, teams can quickly and easily locate key obligations and terms for permitting, construction, and payment terms. When unexpected due diligence and fire drill projects arise, you’re prepared with the answers at your fingertips.

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The ThoughtTrace Platform

HOW IT WORKS

Upload, Process & Extract

Simply upload your project or system files and ThoughtTrace intelligently reads, classifies and categorizes them. Process one document or tens of thousands at a time. Identify and extract even the most detailed, use case specific information.

Search, Find & Share

Ask the most specific, hard to find questions with only a handful of mouse clicks. In minutes or even seconds, locate the most relevant information (rather than days, weeks or months). Then, easily share your findings with your entire team.

Review, Validate & Collaborate

Review your documents, in detail, through the intuitive ThoughtTrace interface. Validate based on your business rules with easy to configure attributes. Collaborate across your company to break down information silos and understand the "whole picture."

Iterate, Integrate & Outperform

With ThoughtTrace’s Network AI Model, leverage data that is always getting smarter. You can leverage our Rest API to integrate into related systems such as ERP, CRM and more. Your team will set the standard for data driven decision making, thought leadership, and strategic impact.

ENSURE PROPER PLANNING, THOROUGH DESIGN, AND TIMELY CONSTRUCTION

ThoughtTrace for Audit and Compliance

You manage an asset. Engineers, Operations, and Company Leadership are relying on you to know exactly what is in your Surface Leases, ROW Agreements, and more. ThoughtTrace software gives you flexible search options to instantly identify things like product restrictions, non-use obligations, removal requirements, and where you have the option to add additional lines for oil, gas, or water.

Surface Rights and Obligations – from deer season in South Texas to obligations to erect Lizard Bridges in the Permian (not a joke!), we have seen, and can extract all of it.

WHEN PROFIT MARGINS TAKE A TUMBLE - FIND RELIEF IN YOUR CONTRACTS

Proactively Manage Asset Obligations

ThoughtTrace uses community-based AI for the rapid review, validation and structuring of Oil & Gas Midstream Contracts. Although the documents remain the same, you need a flexible tool to deploy strategic responses to changes in commodity prices, system capacity, and demand.

Underperforming assets deserve contract assessment for critical provisions like uneconomic conditions and renegotiation parameters.

Profit margins are under the microscope. Use ThoughtTrace to apply the same diligence and multifaceted perspective to your contracts.

AUTOMATED ANALYSIS OF SURFACE USE AND RIGHT OF WAY ACQUISITIONS

Asset Transactions and Expense Optimization

ThoughtTrace can process thousands of documents in a day and understand every obligation, opportunity, limitation, and risk with thousands of provisions and data elements made visible in an instant. Quickly evaluate provisions that affect your A&D plans, like assignment restrictions and right of first refusal options.

Identify the core, relevant, and economic fact patterns that matter across your portfolio: 

  • Volume Commitments
  • Performance Assurances
  • Uneconomic Conditions
  • Removal Requirements
  • Commodity Restrictions
  • Assignment Rights with Consent and Notification
  • Preferential Rights and First Right of Refusal

Customer Success Stories

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