There are two aspects to oil, gas and mineral royalties. Generating statements for royalties owed and tracking & managing royalties receivable.
Royalties Receivables Management
1. MineralFile from Agelio Networks is a web-based land and revenue management system for the oil and gas industry that requires no software to buy and maintain and is accessible from virtually any Internet connection. MineralFile, offers easy search capabilities, a seamless retrieval of information via a powerful reporting system, simple options to export reports in common formats, like PDF or Microsoft Excel. Pricing starts at $100 per month. www.agelio.net (12/10/2013)
2. Pop’s Royalty Manager is a modern lease and royalty tracking software system focused on easing the burden of paper work, reducing your time spent running statements managing documents. www.popsroyalty.com (updated 11/14/2013)
Pops has three parts, the Pops program itself, the Document Files and the Database. The business logic of Pops is divided into two modules: the Document Module, where all the logic managing document info (leases, deeds, DO’s and wells) are kept, whilst the Revenue Module, handles money, check data and calculations.
All Scanned documents are held in a separate Document Files, where you can access them and Pops can also. All the data you enter is stored in the Database. Because these are separate, the can be stored on a separate machine (a server) or even on a remote computer (a kind of cloud) and accessed or backed up by all who need the information. The data and documents can also be used by other programs or custom tools.
3. ShaleTrak Royalty Module solution is designed to meet the need of land and mineral royalty owners. Organize, query, summarize, and track monthly royalty data. ShaleTrak Online offers a platform for client’s monthly check stub data to be entered and integrated into a fully functional information management system. This software solution creates detailed reports and graphs while ensuring royalty is being paid accurately. The software creates notifications on potential discrepancies and provides the documentation needed to recover any unpaid or incorrect royalty. www.shaletrak.com (updated 11-24-2013)
4. Well Profits software for oil and gas investors & royalty owners to easily track investments and make real-time decisions based on profit & loss. Free trial version available. http://wellprofits.com (updated 6-6-2015)