New Startup Empowers Shale Mineral Owners as Oil and Gas Prices Remain in the Basement

Chicago, IL, April 7, 2016 (Newswire.com) - ​​​​Since the start of the shale boom in the United States, landowners have asked themselves the question, “What is the shale revolution worth to me?” An answer to this essential question has been out of reach for the typical landowner—not anymore. With the start of the new year, ShaleCast.com launched a simple-to-use website that forecasts the income and production potential for each well on a royalty owner’s property. For the first time ever, mineral owners get free access to the kinds of data and forecasts only available to the operators who produce their minerals.

“Our goal is to modernize mineral ownership so owners can manage their mineral assets more like their stock portfolios. So they can see the impact of commodity price swings and production forecasts on their pocketbook immediately,” said Benjamin Hall, CEO of ShaleCast. “The thought of having an asset of this size and importance and not knowing its value would be incomprehensible in most other industries. No one sells a used car without a Blue Book value or puts a home on the market without comparable from the neighborhood, but every day that’s what landowners who sell their minerals do,” Hall added.

Our goal is to modernize mineral ownership so owners can manage their mineral assets more like their stock portfolios. So they can see the impact of commodity price swings and production forecasts on their pocketbook immediately.

Benjamin Hall, President

Behind each well forecast, lies a massive database and algorithm that crunches all the historical production figures from each of the wells to produce royalty forecasts. According to Co-founder and CEO Mauck, “Our proprietary algorithm uses all this data as the backbone to model the future behavior of well output in specific geographic regions. We then couple this with daily updates from the futures market and information we collect from each mineral owner to localize the results.”

ShaleCast forecasts are intended to be a rough approximation of future royalties for the next 15 years. In testing, ShaleCast forecasts have proven to be highly accurate, especially when 15 months or more of production history is available for a well. The accuracy improves automatically with each new production figure received for a well.

“Our research indicates that the landowners need to understand the value of their royalties for financial planning, estate, and pricing considerations.” said Co-founder Keith Mauck. “Prior to ShaleCast, landowners have been almost entirely dependent upon the word of mineral buyers in understanding the value of their minerals. Now they have options. In addition we have users actually discovering unclaimed wells & income they didn’t know was theirs; royalty owners that have simply fallen through the cracks.” added Mauck.”

About ShaleCast

ShaleCast is a joint venture of social media network American Energy Communications, which publishes sites GoHaynesvilleShale.com, GoMarcellusShale.com, EagleFordForum.com, and ALL Consulting, a leading energy and environmental consulting group based in Tulsa, OK. This passionate group of mineral owners, petroleum engineers and technologists is transforming mineral rights ownership by empowering owners with well analysis, online tools, and information that helps mineral owners make better decisions.

MEDIA CONTACT:

Keith Mauck 
ShaleCast.com
[email protected]
202.738.1181