Hello,
I use it for two primary reasons.
(a) I download the Excel file with the wells in it. I recently purchased Pop’s, and I’ve created a Python script that takes the mineralIQ Excel file and puts it into a Pop’s import format. This is a one-time effort; but I gather some folks may have use for having their wells in a spreadsheet for other reasons.
(b) I use the mapping. It’s only available on a Section level (not smaller), so not perfect. I use this so I can make sure that all acreage that has a well on it is in pay.
IQ+ does some other stuff as well in terms of economics and valuation; but I’m not sure what I think about that. In my case (or my father’s to be more specific…), the valuation reflects 5.5X CF. Given how mature and close to end of life my father’s wells are, this seems high. I doubt we could get more than 3x CF were he to sell. I’d take their valuation as a starting point; but I wouldn’t make any buy/sell decisions with the information.
My 2 cents. Happy to answer any questions.
David