Property Data Support
A Case Study
As the return on investment on alternative land use business models continues to climb in the energy sector, a robust picture of the bounds and attributes of a portfolio of owned properties is essential to supporting an industry-leading strategy.
For one major oil company, clear information on what is owned and the characteristics of those properties was difficult to obtain, so Pinnacle EMS (PEMS) stepped in to help.
Starting with the best available list from the tax department, PEMS validated current ownership and property bounds leveraging public and commercially available information to create a trusted baseline.
This starting point was then QC'd using information and files stored inside the client's existing property database and record center; inaccuracies, data gaps, and opportunities for improvement were addressed through the process.
Benefits & Impact
A validated dataset of all US-owned and tax liable properties was delivered with tax, commercial, and spatial metadata additions. We increased their known land ownership by 555 parcels which increased their total market value by over $300 Million and total land coverage by over 20k acres.
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