CoreLogic is providing utility, telecommunications, and oil and gas companies with a powerful new tool they can use when acquiring rights of way for transmission lines and other projects.
Using CoreLogic's new SpatialRecord tool, companies operating in these industries can gain access to details on the characteristics of each and every property in, for example, the path of a proposed right of way.
For example, they can access data on property use, as well as the actual and effective year a structure was built on a property; property valuation and tax information; property and structure area; and construction and structure details, including specifics on the type of foundation, roof covering used, the number of bathrooms and the number of fixtures in each.
What makes this product enticing to utilities and other companies is that it converts raw data that is typically found in multiple, dispersed databases and packages it into digestible information that can be leveraged to make more informed exploration, planning, serviceability and compliance process decisions.
‘Whether managing field infrastructure, planning the path of a new transmission line, or managing legal compliance and risk, it's vital for oil and gas, utility and telecommunications companies to have access to complete information to make critical decisions quickly and accurately,’ says Jay Kingsley, senior vice president for CoreLogic Spatial Solutions, in a release. ‘This integration of location information and property-specific data, combined with the quick turnaround and comprehensive front-end analysis, puts crucial information at a user's fingertips, reducing the time and resources required and allowing a greater focus on core business activities.’
SpatialRecord offers data derived from more than 4,700 sources on 99% of properties throughout the U.S., CoreLogic claims. Other information provided through the service includes mailing addresses that coincide with site addresses, which can help prevent delays and mistakes in compliance processes and communications; and first and last names of primary property owners, as well as first and last names of secondary property owners, to increase accuracy in identifying and communicating with landowners.