Success Stories: How Quorum Software Helps Oil and Gas Companies Enhance Efficiency and Drive Growth
Navigating the complexities of the energy sector requires the right technology partner to create a competitive edge. Faulconer Energy, Range Resources, Iron Orchard Operating, One World Petroleum, and Saturn Oil & Gas Inc. have achieved operational excellence and sustainable growth by partnering with Quorum Software. Through seamless integrations and the advanced functionalities of Upstream On Demand and Execute, these companies have enhanced workflow efficiencies and modernized their processes.
Driving Operational Excellence with On Demand Well Operations
Faulconer Energy, LLC, a leading privately held acquisition and production company, is widely recognized for its expertise in optimizing gas wells across four states. To further enhance its operations, Faulconer Energy selected Quorum’s On Demand Well Operations, a key module within the Upstream On Demand suite, as a strategic tool to boost production efficiency and streamline workflows. This advanced solution seamlessly integrates with WellView data, offering Faulconer Energy an unparalleled user experience and operational simplicity.
By leveraging Quorum's technology, Faulconer Energy has reinforced its leadership position in the industry, accelerating their acquisition processes.
Execute: Transforming Range Resources’ AFE Workflows for Greater Efficiency
Range Resources Corporation, a leading U.S. independent producer of natural gas and NGLs, modernized its AFE (Authorization for Expenditure) processes by implementing Quorum Software’s cloud-based Execute AFE solution, reducing AFE approval time by 50%, streamlining workflows, and eliminating the need for manual oversight.
Known for its commitment to high-return, low-cost projects, Range Resources recognized the need for a modern, intuitive system to replace its 15-year-old legacy software. By integrating Execute, Range gains enhanced communication, streamlined data input, and real-time transparency across departments, enabling precise tracking and cost savings. Quorum’s Execute platform connects operations with accounting, providing comprehensive visibility into project spending and supporting Range’s strategic goals with an efficient, flexible solution.
Learn more about their success by reading the full Range Resources case study and press release.
Upstream On Demand & Execute: Driving Growth and Optimizing Operations for Iron Orchard
Based in Houston, Texas, Iron Orchard Operating, LLC is an oil and gas operating company renowned for its profound technical expertise and operational proficiency. They specialize in the identification, acquisition, and optimization of hydrocarbon production from underutilized and overlooked reservoirs in U.S. onshore basins. Recognizing the need for a more integrated, streamlined approach, they made the shift from relying on manual processes and compartmentalized competing software solutions to adopting Quorum Upstream On Demand suite's fully integrated workflows and Execute’s AFE module.
Quorum's Upstream On Demand connects teams and systems seamlessly from the field to the office, encompassing daily well operations reporting, SCADA, field data capture, production allocations, land management, revenue and cost accounting, AFE management, centralized document management and more.
Upstream On Demand: One World Achieves Streamlined Operations
One World Petroleum, based in Tampa, Florida, is a privately funded, independently owned oil and natural gas company focused on acquiring leases and operations in strategic regions such as Texas, Kansas, Oklahoma, and Ohio. As they transitioned into an operator, they faced significant challenges with their previous solution, which was outdated, cumbersome, and lacked sufficient customer support.
To modernize and enhance efficiency, they implemented Quorum’s Upstream On Demand suite, including On Demand Land, On Demand Production Operations, and On Demand Accounting. With these tools, One World Petroleum successfully streamlined operations, automated back-office processes, and unified its system to optimize upstream workflows.
Quorum Software is proud to empower One World Petroleum in its journey of growth and expansion.
Execute & Val Nav: Saturn O&G Expands its Production Capacity
Saturn Oil & Gas Inc. expanded its production capacity significantly, growing from 200 BOE/D to over 40,000 BOE/D with the support of Quorum’s Val Nav and Execute solutions. Leveraging precise forecasting, effective reserves management, and centralized operations, Saturn successfully navigated acquisitions and audits, achieving substantial growth.
Quorum’s solutions played a critical role in supporting Saturn’s data-driven decision-making processes, underpinning its rapid expansion trajectory.
Quorum’s Strategic Partnerships: Powering Growth Through Innovation
Quorum’s partnerships with these industry leaders highlight the transformative power of innovative technology. Leveraging Quorum’s advanced digital solutions, these companies have modernized their operations, improved efficiency, and positioned themselves for ongoing growth.
Discover how Quorum can help your company enhance efficiency and profitability at scale.