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Tate Development

VENTURES / [01]

LIVE

Eureka

Millions of Americans receive oil and gas royalty checks with no practical way to know whether they were paid correctly. The old answer was an expensive manual audit, so most owners never checked at all. Eureka checks the payments and finds the money owners are owed.

PROJECT [01] EUREKA

SCALE
LARGE SYSTEM
TYPE
CUSTOM PLATFORM
LOCATION
AUSTIN, TX
STATUS
LIVE
Eureka — desktop site
DESKTOP—
Eureka — mobile site
MOBILE—
[01]THE PROBLEM

Mineral owners receive complicated royalty payments with no easy way to know whether they were paid correctly. The old alternative was an expensive manual audit, so most owners never checked at all.

[02]THE BUILD

A customer-ready platform that turns payment records into a clear next step. Owners can upload documents, check for likely underpayments, ask questions from their own records, and request deeper reports. Operators and partners get their own paths, while billing, reports, and support are built into the same system.

[03]OUTCOME
  • Owners get a practical way to check royalty payments without starting with a manual audit
  • The business can serve customers through audits, reports, partner workflows, and sell-side support
  • Sensitive financial records stay separated and checked before release
  • Customers can get answers from their own documents instead of starting from scratch

Royalty owners deserve to know they're being paid correctly, but that kind of check has always been priced for institutional owners who can afford a $300-an-hour audit, not the individual owner trying to make sense of their own statement. Building Eureka myself, business side and technical side both, meant I didn't have to choose between doing it right and making it something a smaller owner could actually use. That's the version I'd want if it were my own royalty check on the line.

LUCAS TATE — FOUNDER, TATE DEVELOPMENT

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