Denbury Resources Selects Quorum Land Software 

Houston, Texas – May 11, 2004. Quorum Business Solutions, Inc (Quorum) announced that it has entered into a licensing agreement with Denbury Resources Inc. (NYSE:DNR) for the Quorum Land software product. Denbury is an independent oil and natural gas company engaged in acquisition, development and exploration activities in the Gulf Coast region of the US, holding significant reserves and production in the state of Mississippi.

 

As part of its objective to increase the value of acquired properties, Denbury has been actively engaged in an initiative to modernize its overall business systems infrastructure including systems to manage land and lease management. Denbury selected Quorum Land after a competitive evaluation of commercial land and lease management software alternatives. The range of functionality offered by Quorum’s product, positive references from current Quorum Land Clients and a competitive price were key factors in Denbury’s decision. The project to implement the solution commenced in April 2004.

 

“After conducting an exhaustive review of available land and lease management software solutions, Quorum Land emerged as the best choice to address our requirements,” said John McDaniel, Land Manager, Denbury Resources. “In addition to offering the best product, Quorum also demonstrated genuine interest in our success.”

 

Quorum Business Solutions, Inc. is a product-centered consulting services company that designs, develops, implements and supports business software solutions with a unique approach to helping clients obtain long-term value. Quorum provides industry standard energy software solutions as well as software products that support selected business processes across multiple industries, including Enterprise Incentive Management (EIM) and Contract Management software. Founded in 1998, Quorum now has over 140 staff operating out of offices in Houston, Dallas, and Calgary. Represented among Quorum’s clients are over 20 Fortune 500 companies.

 

Quorum provides the Quorum Energy Software Suite, a set of business applications for the energy industry that includes TIPS, the de facto industry standard solution for gas processors. Quorum’s energy software products are used by companies that produce, gather, transport, process and market natural gas and other energy commodities. The company’s products include Contract Management, Land and Lease Management, Production and Revenue Accounting, Gathering Management, Environmental Management, Joint Interest Billing, TIPS (Gas Plant Accounting and Allocations), Measurement, Right of Way, Pipeline Transaction Management, Pipeline Integrity Management, Liquids (NGL) Marketing, Gas Marketing, and LDC Transportation Management.

 

For more information, visit Quorum’s web site at www.qbsol.com or call us at 713-430-8601.