An asset management and professional services company, with an office in Midland, that provides mineral rights, along with oil and gas management, has announced that Frost Bank will be utilizing its mineral management software.
According to a news release, Fort Worth-based Valor will provide the bank with mineral tech that will allow the bank's clients to better manage their mineral assets. The software digitizes and organizes historical paperwork, tracks revenue, produces reports containing analytics, and digitally maps all interests for auditing and accounting purposes.
"We are confident that mineral tech will be instrumental in helping provide Frost's clients with increased clarity and accessibility into their mineral rights assets. Valor is excited to serve Frost and help provide their clients with top-tier mineral management services through mineral tech," said Matt Autry, president of Valor.
By utilizing mineral tech, Frost expects to enhance the user experience for its clients with mineral asset portfolios. According to the news release, those improvements include quality service and portfolio insight, as well as on-demand accessibility related to mineral rights provided by the software.
"Mineral tech and its advanced reporting and analytics capabilities are redefining how we manage mineral assets for our mineral management clients," said Brad Ince, a senior vice president and statewide mineral asset manager at Frost. "The software continues to impress our clients by providing full visibility and real-time access to their mineral asset portfolio."