EquityMetrix LLC, a Dallas, TX-based technology-enabled service provider of big data solutions to land data management issues in the oil and gas industry, received a $5m growth investment from Peterson Partners.
The company intends to use the funds to accelerate the development of new services to help manage oil and gas operating companies, mineral interest owners and energy investors identify revenue underpayments and misallocations.
Led by Tom Agnew, CEO and founder, EquityMetrix is an expert in revenue recovery, land data management and land data assurance. Its cloud-based software combines image processing, machine learning, spatial processing and data mining to analyze and organize Exploration & Production (E&P) records and detects anomalies – such as poorly documented or incorrectly mapped assets, or agreement terms that are out of compliance – to pursue lost and underpaid revenues.
FinSMEs
15/01/2014