Is ChatGPT going to have an effect on oil and gas mineral owners? If so, how?
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Chat GPT may be able to write a lease now or in the near future so lawyers might look out. It might also write those letters you get from companies trying to buy your mineral interests. If fed the right information it might choose the best sites for drilling.
This is the response generated by Chat GPT to the question, What are natural gas liquids?
Natural gas liquids (NGLs) are hydrocarbons, such as propane, ethane, butane, and pentane, that are found in natural gas. They are often separated from the natural gas stream at processing plants and sold separately for various industrial and commercial uses. NGLs can be used as fuel, as feedstock for the petrochemical industry, or as raw materials for the production of chemicals, such as plastics.
Tracy Lenz has an excellent video addressing the ChatGPT issue. Mineral owners need to read and understand just what it can and cannot do and be somewhat cautious. Treat it like any other “internet” “help”. Only as good as the sources going into it and the analytics behind it (which could have bias…)
As a tool to look up words or terms, it can be useful as Lynden posted, but always check other sources for backup. No real substitute for a professional.
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