Innovative Mineral Tracking Solution
Petroleum geologist, Larry Brogdon, of Summit Cove Investments, L.P. has partnered with 5 M’s Minerals Management of Fort Worth, bringing with him more than 40 years of oil and gas production experience to the growing specialty software firm. Brogdon will add to the powerhouse of talent dedicated to ensuring that royalty and mineral interest owners have the information they need to manage their oil and gas assets. 5 M’s is a full service mineral management firm, with a full range of services available on demand.
“I am very excited at this opportunity. Teaming with 5 M’s made perfect sense as they are currently providing mineral owners with technology that has a revolutionary impact on the way that they manage their assets. With a simple click, MineralWare allows clients to access their lease documents, understand their deductions, recover unpaid funds and verify their payment amounts. It beats the socks off the old way mineral owners used to troll through boxes for information, wasting time and failing to actually manage the asset. The oil and gas industry has embraced technology and mineral owners need to do the same” said Brogdon.
Brogdon was previously a partner at Four Sevens Oil Company and an early Barnett Shale play pioneer. As a team, they sold more than a billion dollars in assets to companies like XTO and Chesapeake. Brogdon is currently the Chairman of the Advisory Board of the TCU Energy Institute, teaches the very popular “Prospect to Production” course at the University and actively mentors students planning to enter the oil and gas industry. “Larry provides another rich source of expertise to help keep up with the demand of our growing customer base,” said Ryan Vinson, President and Chief Operating Officer of 5 M’s. “Mineral owners have long sought an affordable and integrated tool that simplifies managing their oil and gas portfolio. MineralWare allows our customers to better understand what they own and ultimately helps them make more money.”
MineralWare delivers the information clients need to make smart decisions regarding new leases, up-to-date bonus acre rate pricing and production values of wells. In addition, clients can track variations between what has been reported to the Railroad Commission and their checks, helping ensure a trustworthy relationship exists between oil & gas operators and their clients.
