Lease Analytics (LA) is pleased to announce that it has added Revenue Recovery to its services. This addition now makes LA a full service provider, ensuring accurate and complete data for its clients, from acquisition through divestiture. In the current down market, this new service brings incredible value to clients.
Revenue Recovery works by looking for needles in haystacks. First the LA deep learning techniques comb through land records classifying data and looking for subtle anomalies. Then experienced analysts confirm and document underpayments. Finally, the pursuit team collects these underpayments on clients’ behalf.
Lease Analytics founder and CEO Tom Agnew started the industry’s first Revenue Recovery service 13 years ago when he co-founded EquityMetrix.
“Large E&P companies can expect to recover 1% of revenue equating to roughly $10 million,” Agnew says. “For every dollar of underpayments collected, clients can expect to receive two dollars in future revenue.”