Energy Domain Launches Second Online Platform: Energy Domain Data
Energy Domain, the Fort Worth tech company behind Energy Domain Marketplace, announced the launch of their second online platform: Energy Domain Data. This user-friendly, cost-effective tool offers stakeholders across the upstream energy sector comprehensive oil and gas data for investment and operational decision-making. With streamlined access and transparent pricing, Energy Domain Data enables users to make informed, data-driven decisions efficiently and affordably.
'Clients on Energy Domain Data can access comprehensive aggregated data across all producing areas in the lower 48,' said Energy Domain CEO Ben Heinzelmann. 'But our core tenet is that they should only have to pay for the data they need. We'll never force users into contracts with excessive bundled features or nationwide plans if they're only interested in data from a single basin, or even a single county. Our users can also subscribe annually or monthly — and unsubscribe just as easily. There is nothing else like this currently available on the market.'
Key differentiating features of the Energy Domain Data platform include:
Flexible Geographic Subscription Model: Subscribe by basin or county with both monthly and annual options, offering flexibility without long-term commitments.
Self-Serve Account Management: Avoid back-and-forth with sales teams by managing subscriptions and seat allocations directly through the platform.
Proprietary Data Insights: Receive rig location, well status, and date information via proprietary algorithms, ensuring timely and accurate updates not found in other platforms.
Geospatial Activity Alerts: Define your own custom areas of interest and receive notifications on new rig placements and well activity, delivered in-app or via email.
Energy Domain COO Malcolm Smith explained the map-based system, describing how to set areas of interest for alerts, search well data for specific criteria, and subscribe to new areas and features through easy-to-access prompts and menus. He also described the company's forward-looking plan to provide access to those functions directly through Energy Domain's signature marketplace platform.
'We're excited to be developing a system that will seamlessly integrate our platforms,' Smith said. 'Our goal is to provide users with the ability to easily transition between exploring deals on the Energy Domain Marketplace and accessing detailed data through Energy Domain Data. The integration will allow users to dive deeper into specific areas, with flexible options to subscribe to regions of interest, while also receiving notifications about relevant marketplace listings. It's all about creating a more intuitive and connected experience for our users.'
Energy Domain recently brought Chase Krupa on board as Director of Business Development to manage sales for the new platform.
'We've already seen so much enthusiasm for our à la carte approach to data platform subscriptions,' said Krupa. 'We're looking at an enormous variety of users — mineral buyers and owners, independent operators, family offices, landmen, engineers, geologists, finance professionals — basically anyone who's been priced out of the data market by the current providers or is frustrated by the lack of transparency and flexibility on the legacy platforms.'
Heinzelmann concluded, explaining the long-term steps the company has taken to build toward this launch:
'We knew we had to make a choice a decade ago when we developed MineralWare — either license third-party data and stay dependent on others forever or gather that data ourselves. We chose the latter, starting county by county in Texas, then expanding across the lower 48. With our recent Energent purchase, we acquired a rig data set with AI functionality that we can continue to improve on by adding notifications when pad sites are cleared, frac crews are on location, and more. And here's the best part: now that we own all that IP and all that data, we can pass the savings on to our customers.'
If you are interested in Energy Domain Data, Heinzelmann encourages you to visit the site at www.energydomain.com to sign up for a free 7-day trial in your choice of basin. Monthly or annual subscriptions can then be purchased or expanded at any time by hovering over the map, seeing the price for the desired area or feature, clicking to add it to your cart, and checking out easily with a credit card or ACH payment.
ABOUT ENERGY DOMAIN
Energy Domain has transformed into an upstream technology platform with two products — Energy Domain Marketplace and Energy Domain Data — to affordably, efficiently and synergistically serve their clients' needs.
Born from a desire to revolutionize the oil and gas asset transaction process, Energy Domain began as a pioneering online marketplace fueled by data and driven by results. With over 210 successful transactions facilitated since 2021 totaling more than $100MM in aggregate, Energy Domain Marketplace continues to empower both sellers and buyers with a streamlined platform, nationwide reach, and powerful analytics.
Energy Domain Marketplace has now been joined by Energy Domain Data, an upstream intelligence platform designed to help oil and gas industry buyers and sellers underwrite assets and make informed decisions, with simplified data access, cost-effective flexibility and transparent pricing.
SOURCE: Energy Domain
PUB: 01/29/2025 02:28 PM/DISC: 01/29/2025 02:28 PM
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