Houston, TX (14 August 2017) - Oil and gas software firm iLandMan is now offering nationwide well data and status information thanks to a new integration with geoscience data company TGS.
This state of the art technology relationship provides iLandMan's E&P clients with streamlined access to well information and status data directly from TGS's database. These integrated well features now activate automatic notifications and lease functionality in iLandMan.
iLandMan President, Tim Supple, explains, "We believe that there is tremendous value in sending current well information directly into our database system because of the automation that it will enable. Continuously updated well status information coming from TGS into iLandMan will trigger notifications for events such as payment obligations, shut-in payments, extensions and more, creating unprecedented efficiency in lease management."
"TGS has the industry's largest collection of online well data in North America and now iLandMan is utilizing that data in a way that no-one else has before", said TGS Senior VP Geological Products and Services, John Adamick, "The combination of TGS well data with iLandMan will help companies manage their lease terms and conditions in a timely manner, greatly reducing the risk of losing valuable mineral acreage."
About the Companies
TGS-NOPEC Geophysical Company (TGS) provides multi-client geoscience data to oil and gas Exploration and Production companies worldwide. In addition to extensive global geophysical and geological data libraries that include multi-client seismic data, magnetic and gravity data, digital well logs, production data and directional surveys, TGS also offers advanced processing and imaging services, interpretation products, and data integration solutions.
For more information visit TGS online at www.tgs.com.
iLandMan: iLandMan is the only online, real-time, tract and formation-based lease management software for exploration and production companies. The company has offices in Lafayette, Houston, and Oklahoma City.
Forward-looking statements and contact information
All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include TGS' reliance on a cyclical industry and principle customers, TGS' ability to continue to expand markets for licensing of data, and TGS' ability to acquire and process data products at costs commensurate with profitability.
Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.
TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange (OSLO:TGS). TGS sponsored American Depositary Shares trade on the U.S. over-the-counter market under the symbol "TGSGY".
For further information, contact:
Investors and Media
Sven Børre Larsen
TGS, Chief Financial Officer
Tel: +47 90 94 36 73
sven.larsen@tgs.com
Will Ashby
TGS, VP HR & Communication
Tel: +1 713 860 2184
will.ashby@tgs.com
Media
Adam Chapman
iLandMan, Marketing Director
achapman@ilandman.com
337.234.1125