Callon Petroleum saw the need to fundamentally change the way their Land and Land Administration departments had been handling Acquisitions, Due Diligence, and Research Projects. With a recent acquisition and a time-sensitive due diligence period to adequately and confidently review the acquired assets, they knew they had a big job ahead of them.
Callon Petroleum first needed early-stage research to know if a Spudder Rig could hold acreage in a given set of leases. Prior to using ThoughtTrace, that meant manually searching hundreds of leases for one piece of information. Traditionally, this would have led to inefficient and repetitive research for other provisions and poison pills in their leasehold.