Bolo Systems, the back-office software provider to some 130 energy companies, is getting ready for NAPE 2008. Denver- and Houston-based Bolo was formerly known as GWiz. It changed its name and in 2007 merged with Calgary-based Wellpoint Systems Inc., which is publicly traded on the Toronto Venture Exchange. Back-office issues concerning oil and gas producers going into 2008? SOX remains a concern. The "SOX bubble" is far from busted. Many oil and gas producers are still coming online. Affected producers include private ones, particularly those who have investments in public companies. Growing independent producers have used Bolo to handle their huge acquisition-related growth. In at least one case, a start-up producer that acquired a giant package from a Bolo customer took the back-office system with it.
Recommended Reading
Exclusive: Flying from Washington to the Mojave on Electric Power
2023-09-29 - Aerospace engineering Professor John-Paul Clarke tells Hart Energy's Jordan Blum how a dinner conversation led to the world’s largest fuel cell electric airplane.
Just Three: Industry Decries Meager Offshore Oil, Gas Leasing Plan
2023-09-29 - The Biden administration’s proposed 2024–2029 National Outer Continental Shelf (OCS) Oil and Gas Leasing Program would allow for the “smallest number” of offshore oil lease sales — three — in the history of five-year programs
Citgo Drama Continues as Court-ordered Sale Date Nears
2023-09-29 - The fate of Venezuela’s U.S. refining arm Citgo Petroleum is closer to reaching a theatrical climax as a court ordered sale date approaches.
Energy Transition in Motion (Week of Sept. 29, 2023)
2023-09-29 - Here is a look at some of this week’s renewable energy news, including the close of a $3 billion loan agreement for a ‘virtual’ power plant project.
E&Ps’ Rich Cash Flows Obscuring Critically Needed Capex Investment
2023-09-29 - Analysts said some measures show capex spending might be significantly underfunded and that “critical amounts of investment” are needed.