This leading energy company was seeking to accelerate the preparation of a $1 billion divestiture and with a key result to gain a complete understanding of the potential defects a buyer could strategically leverage against their assets. Utilizing ThoughtTrace, the company was able to perform a reverse due diligence campaign to quickly assess key fact patterns across oil and gas leases and other material contracts to strategically negotiate key components of the purchase and sales agreement. The company selected ThoughtTrace to address all functional requirements and dramatically improve the speed, accuracy, and data quality of the divestiture due diligence.
“Are you in a strong negotiation position if you don’t know what land you actually own? Absolutely not!”
– Data Management & Process Manager, Land and Geology & Geosciences