RunTitle

RunTitle is a specialized service provider for mineral and royalty owners in the oil and gas sector, streamlining asset management and transactions through innovative solutions such as Owner Pages and an online marketplace. Founded in 2012 by Charlie Wohleber and Reid Calhoon, RunTitle is headquartered in Oklahoma City, US. The company specializes in serving mineral and royalty owners in the oil and gas industry. In October 2015, RunTitle secured USD 8 mn in Series A funding led by Founders Fund, with participation from Deep Fork Capital and Austin Ventures.

This funding was used to expand its marketplace and service offerings, enhancing the management of mineral assets and facilitating transactions. The firm has completed a total of 2 deals since its inception. RunTitle Data provides essential services to mineral and royalty owners in the oil and gas sector. Their core offerings include the creation of Owner Pages, enabling owners to effectively manage and showcase their mineral and royalty assets.

Additionally, RunTitle operates a leading online marketplace that facilitates the buying and selling of mineral and royalty interests, streamlining the transaction process for various stakeholders, including individual mineral rights owners, institutional investors, and energy companies in key oil and gas regions such as Texas, Oklahoma, and North Dakota. RunTitle Data generates revenue primarily through its marketplace services and Owner Page offerings. The company employs a transaction-based revenue model, where mineral and royalty owners incur costs for the creation and maintenance of their Owner Pages, along with transactional fees through the marketplace. This structure allows for a direct relationship between RunTitle Data and its clients, promoting efficient asset management and investment opportunities.

RunTitle aims to enhance its product offerings and expand into new markets. The company plans to introduce new features for Owner Pages and enhance marketplace functionalities. The recent funding of USD 8 mn from the Series A round will support these initiatives, with a focus on improving user experience and capturing a larger share of the mineral rights market. RunTitle is targeting expansion into additional oil and gas producing regions by 2025 to further diversify its client base and offerings.