Tracts

Tracts, developed by Chainlink Technology, Inc., is a cloud platform that aims to revolutionize title management for land departments in the oil and gas industry. According to the vendor, this solution automates, organizes, and simplifies the complex process of managing land titles. Tracts is designed to cater to companies of all sizes, from small independent operators to large multinational corporations. It is utilized by professionals such as landmen, land technicians, land managers, division order analysts, mineral acquisition companies, as well as oil and gas exploration and production companies.

Key Features

Zero-Math Interest Calculations: According to the vendor, Tracts automates ownership and interest calculations for land titles, aiming to eliminate the need for manual math calculations. It updates ownership calculations instantly when an interpretation is entered, potentially saving time and reducing the risk of human error.

Common Title Finder: Tracts includes a Common Title Finder feature that, as claimed by the vendor, allows users to instantly retrieve previous interpretations based on book and page numbers. This is intended to eliminate the need for redundant title searches, potentially saving time and resources while increasing efficiency in title research.

TitleNotes: Tracts offers TitleNotes, which are concise summaries of courthouse documents. According to the vendor, these pre-interpreted summaries distill complex title documents into critical information, potentially reducing the time and effort required for title due diligence.

Automatic Reports: Tracts generates 10 dynamic title reports that, as claimed by the vendor, provide valuable insights into project productivity, team performance, and individual landman or attorney efficiency. Users can sort these reports by various criteria, such as date, severances, individual party, and document type.

Document Interpretation Library: Tracts allows users to build a comprehensive library of interpreted documents. According to the vendor, this eliminates the need to interpret the same document multiple times and ensures consistency in interpretation across different areas.

Ownership Knowledge Graph: Tracts offers an innovative and standardized visualization of ownership history through its Ownership Knowledge Graph. According to the vendor, this interactive feature provides a clear and transparent representation of title information, regardless of who builds the chain.