Forth Worth’s MineralWare has announced the launch of sister company Energy Domain, an oil and gas minerals royalties marketplace.
Both companies were co-founded by serial entrepreneur Ryan Vinson, along with core partners. MineralWare is a provider of cutting-edge mineral management software for banks, institutions, investment funds, foundations, family offices and individuals. The first-of-its-kind partnership between the two companies will combine MineralWare’s data and software with Energy Domain’s platform.
“Today’s transaction processes for both buyers and sellers are outdated, inefficient and lack transparency,” Vinson, also the CEO of Energy Domain, said in a statement. “With Energy Domain’s all-encompassing platform, you can list, evaluate, and fully transact a deal with never before seen efficiency allowing for reduced acquisition time and better deal exposure.”
Energy Domain calls itself the industry’s first end-to-end transaction platform of its kind. It was created to be a safe and secure marketplace for oil and gas minerals sellers to buy, sell, or lease their interests and provide them with state-of-the-art tools, data, and analytics based on nationwide well information. On the platform, interest owners are given three options: buy now, auction, or continuously list their property.
“Historically, mineral owners sold for less than their potential value simply because there wasn’t a marketplace available to gain industry-wide exposure,” said Nathan McIntyre, co-founder and president of Energy Domain, in a statement. “Owners would sell to almost anyone who tracked them down and made an offer, oftentimes in person or through the mail. Our platform puts the owner in the driver’s seat, allowing them to test the market and determine how and when to sell.”
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