RunTitle

About RunTitle

RunTitle operates as a data and marketplace platform focused on the United States' oil and gas sector, specifically targeting mineral rights and royalty ownership. The company was established in 2011 by Reid Calhoon, who previously worked as a "land man" in the oil and gas industry. His firsthand experience with the time-consuming and inefficient process of researching mineral ownership records in county courthouses inspired the creation of the company.

The firm's core offering is a digitized database that centralizes mineral title and ownership information, which was historically fragmented across physical documents and private databases. This platform was designed to address the significant information asymmetry between professional industry players and individual property owners. By digitizing decades of research, RunTitle enables clients to bypass the traditional, labor-intensive process of title verification. The client base ranges from small independent operators and individual mineral owners to large, publicly traded exploration and production companies.

For individual owners, the company provides free "Owner Pages" to help them understand, track, and manage their assets, answering fundamental questions about ownership, valuation, and payment accuracy. The platform also includes an online marketplace where owners can privately list their mineral rights for sale to a curated group of capitalized buying firms. RunTitle's business model involves charging a percentage fee to the buyers for transactions completed through this marketplace. The company, headquartered in Austin, Texas, received notable venture capital backing, securing a $4 million Series A round in 2013 led by Austin Ventures and a subsequent $8 million round in 2015 led by Founders Fund. RunTitle was later acquired in 2020.