Quorum Software (Quorum), the leader in digital transformation for the oil and gas industry, on Sept. 16 said that Brazos Midstream has selected its myQuorum TIPS gathering and processing solution to streamline data, simplify the settlement process and increase data accuracy.
Brazos is a growth-oriented, Delaware Basin-focused oil and gas company that operates 1,000 miles of gas gathering pipeline and 75 miles of crude pipeline. With three plants in Brazos’ natural gas processing complex and a total operated processing capacity of 460 MMcf/d, the company needed a software partner to help manage all of its gas gathering and processing requirements.
“When it came to our system selection, Quorum was the clear choice based on their deep industry experience, knowledge of the midstream business and their understanding of Brazos,” John Souders, controller at Brazos Midstream, said. “We appreciated Quorum’s partnership approach and openness to work with us towards a solution. With myQuorum TIPS, we will be saving roughly 30 hours per month and completing our end-to-end settlement process a lot faster.”
The disappointment at Hassa-1 comes after Exxon said in November its crude discovery at the Tanager-1 well in the Kaieteur block was not financially viable on its own.
In a separate statement, TNOG owner Heirs Holdings said it had taken a 45% stake in the field, acquiring the stakes of Shell, Total and Eni.
The oil and gas rig count rose 13 to 373 in the week to Jan. 15, its highest since May, according to Baker Hughes Co.