Quorum Software (Quorum), a Thoma Bravo portfolio company and the leader in digital transformation for the oil and gas industry, has released 2020.1 of EnergyIQ by Quorum Software (EIQ), a well master data management solution, on Nov. 10.
By working closely with leading E&P companies, Quorum delivers a robust and flexible data platform that accelerates digitalization initiatives and provides a 360-degree view of a well.
EIQ provides a full suite of master data management tools for managing and integrating internal and external data sources—including land, accounting, drilling and completion, and document management solutions—to support various business needs. E&P companies standardizing operations on a Quorum-EIQ combination will shorten time to value by leveraging pre-defined integration capabilities, while also gaining access to a growing assortment of bi-directional automation capabilities.
“In addition to numerous enhancements, this update helps set the foundation for executing Quorum’s larger vision to help Upstream companies reimagine how they operate,” Tyson Greer, executive vice president and chief product officer at Quorum, said. “From data and workflow integrations and automation to advanced visualizations, analytics and mapping capabilities, customers will benefit from our aggressive investment in helping manage the business by relying on a centralized and trusted source of data.”
The update includes dashboard capabilities, UI and map enhancements, and new visualizations through industry-first integrations with Quorum’s upstream suite. The coupling of Quorum’s applications with EIQ will help customers make better drilling, completion, and workover decisions by connecting the well master with Quorum’s transactional, operational and accounting solutions; streamline access to relevant well information, including lease, well files, and other documents stored in DynamicDocs and direct linkage to the WellEz wellbore diagram; and better understand their current assets by pulling in GIS and Land information from Quorum and displaying via EIQ’s native visualizations.
As part of Quorum’s ongoing efforts to help energy companies simplify and automate data management challenges, the company will hold a webcast on Nov. 18, in partnership with Ember Resources, to demonstrate how operators are applying advanced search technology to integrate their suite of well lifecycle applications and deliver a 360-degree view of the well.
Here’s a quicklist of oil and gas assets on the market including certain Ageron Energy properties located in the dry gas window of the Eagle Ford Shale in South Texas plus a Caney and Woodford Shale opportunity from Falcon E&P Royalty Holdings.
New Century Operating LLC retained EnergyNet for the sale of an Eagle Ford / Austin Chalk opportunity. The offering includes certain oil and gas properties and related assets located in Burleson and Lee counties, Texas.
Behold! Like the ancients scanning the sky for portents, large bodies are colliding in the observable M&A-verse of upstream oil and gas.