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Quorum Business Solutions, Inc. Receives Significant Capital Investment From The Carlyle Group and Riverstone Holdings

noemail@qbsol.com — Thu, 29 Jul 2010 17:00:00 GMT

Houston - July 29, 2010. Quorum Business Solutions, Inc., a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, today announced that The Carlyle Group, the global alternative asset manager, and Riverstone Holdings LLC, the energy-focused private equity firm, have made a significant capital investment in the company. Financial terms were not disclosed. Quorum also announced that R. Scott Leeds, its long-serving President and a co-founder, has assumed the title of Chief Executive Officer, succeeding co-founder Paul Weidman, who will remain Chairman. Also, 11-year Quorum veteran and former Chief Commercial Officer, Perry Turbes, has assumed the title of Chief Operating Officer. Quorum's Weidman and Leeds said, In partnership with Carlyle and Riverstone we will build upon our track record of continuous enhancement and extension of our offerings, developing our people and working closely with...

SAP BusinessObjects Awards Quorum 2010 Authorized Education Services Partner of the Year

noemail@qbsol.com — Wed, 30 Jun 2010 21:00:00 GMT

Quorum Distinguished as a Leader in Business Intelligence Houston – June 30, 2010. Quorum Business Solutions, Inc. (Quorum), a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, was recognized by SAP BusinessObjects as the 2010 Authorized Education Services Partner of the Year. The award acknowledges Quorum for being an exemplary Trusted Advisor through their commitment to educating the market on all facets of Business Intelligence, including data transformation and management, security and server administration, and report and executive dashboard development. “Quorum is honored to have received the Education Services Partner of the Year award for a second time in the last three years,” says Perry Turbes, Chief Commercial Officer at Quorum. “We have seen an increase in demand by Quorum Clients and the broader oil and gas industry for BusinessObjects training as business intelligence and data...

Quorum to Present at Canadian School of Hydrocarbon Measurement

noemail@qbsol.com — Mon, 19 Apr 2010 21:00:00 GMT

A Client-led Case Study of How to Efficiently Manage Measurement Requirements Calgary – April 19, 2010. Quorum Business Solutions, Inc. (Quorum), a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces that Eric Hazeldine, Vice President of Quorum Canada, will co-present a client-led case study with one of Alberta's largest sour gas processors titled Efficiently Managing Measurement Requirements with System-Based Measurement Processes at the 8th Annual Canadian School of Hydrocarbon Measurement (CSHM). This presentation will demonstrate how one client addressed common challenges by working with Quorum to develop and implement a set of procedures and systems to manage the company’s measurement functions. The focus will be on the key project objectives, including improving internal stakeholder service, improving the integrity of measurement data through automating data capture and data transfers,...

Quorum to Present at 2010 ENTELEC Conference

noemail@qbsol.com — Mon, 12 Apr 2010 13:00:00 GMT

Benefits Associated with Automated Workflow and Electronic Field Data Capture Houston - April 12, 2010. Quorum Business Solutions, Inc. (Quorum), a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, will conduct a 101 Solutions Lab Training at the 2010 ENTELEC Conference & Expo. The presentation will demonstrate the benefits associated with automated workflow and electronic field data acquisition when using systems such as Quorum PGAS flow measurement and Quorum TechTools. Quorum PGAS, the leader in gas and liquids measurement software systems, is designed to address measurement with a true enterprise-wide view. Quorum TechTools is a toolkit that provides field technicians with automated workflows for facility inspection and management. Quorum TechTools is available as a stand-alone solution or integrated with Quorum PGAS. The Energy Telecommunications and Electrical Association Conference (ENTELEC) focuses on...

Canadian Midstream Operator Implements Quorum TIPS to Manage Production Accounting Activities

noemail@qbsol.com — Thu, 18 Mar 2010 13:00:00 GMT

Calgary – March 18, 2010. Quorum Business Solutions, Inc. (Quorum), a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces the completion of the Quorum TIPS implementation at one of Canada’s largest midstream operators to manage their production accounting activities. “The selection of Quorum TIPS by another major Canadian midstream operator is further evidence of Quorum’s established position in providing proven production accounting solutions to the Canadian oil and gas market,” says Eric Hazeldine, Vice President of Quorum Canada. “As Quorum’s flagship solution, Quorum TIPS now processes and manages output for over 100 gas processing facilities across Canada, including some of the most complex.” The project included placing all of the company’s plants and facilities onto a single production accounting system, Quorum TIPS. Quorum TIPS provides...

Quorum Introduces Latest Version of Geospatial Information System Quorum GIS

noemail@qbsol.com — Tue, 23 Feb 2010 14:00:00 GMT

Houston – February 23, 2010. Quorum Business Solutions, Inc. (Quorum), a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces the release of the latest version of Quorum GIS. Quorum GIS is a geospatial information system that helps manage GIS data for map presentation and spatial analysis of various data sources throughout the enterprise. The latest release of Quorum GIS incorporates many enhancements that help improve and streamline operations throughout the land department and the organization as a whole. Some of these enhancements include: integration to Quorum Land such as new tract interest summary by depth severance; support for multiple ESRI versions, including optimized Map Service Definition (MSD) support for ArcGIS 9.3.1; new map properties and tools to increase quality and performance through map caching; and enhanced map and layer security. Founded on the industry standard ESRI platform,...

Quorum Hosts 11th Annual Client User Group Conference

noemail@qbsol.com — Mon, 22 Feb 2010 21:00:00 GMT

Quorum Business Solutions, Inc., the industry's leading provider of oil and gas business management software solutions, is hosting its 11^th Annual Client User Group Conference in March 2010. This year’s conference, taking place in San Antonio, TX, will see attendance by over 300 oil and gas industry professionals. Participants represent over 65 Quorum Clients, consisting of super majors, investor owned companies, independents, and smaller regional players. Industry segments represented include integrated energy companies, oil and gas producers, midstream operators, intrastate pipelines, interstate pipelines, LNG operators, gas utilities, gas marketers, NGL marketers, wind generation operators, and coal property managers

The 2 ½ day session is structured to facilitate Quorum’s proven process for obtaining Client input into the future direction of Quorum’s software solutions. Participants also realize valuable benefit by sharing industry best practices among industry peers.

The Quorum Energy Software Solution Portfolio is an enterprise wide set of 23 integrated business software applications for companies that produce, gather, process, transport, store and market natural gas, natural gas liquids, LNG and wind generation.

Quorum Showcases GIS Software Solutions at ESRI PUG Conference

noemail@qbsol.com — Mon, 22 Feb 2010 21:00:00 GMT

Quorum Business Solutions, Inc., the industry's leading provider of oil and gas business management software solutions, is once again participating in the annual ESRI Petroleum User Group (PUG) Conference February 22 – 24 in Houston, TX at the Marriott Westchase. This conference is a forum for exploring the business value of GIS (geographic information systems) for oil and gas organizations. Organized by ESRI - the world leader in GIS (geographic information systems) spatial modeling tools and mapping software. Participants include oil and gas companies looking for GIS solutions for their operations and suppliers of various GIS applications and services. The conference format consists of full program of presentations by industry experts on applying GIS in the oil and gas sector, as well as exhibits by suppliers of various GIS applications and services. A variety of networking opportunities are scheduled to facilitate introductions and conversations among participants. Quorum is...

Quorum Acknowledged for Steady, Balanced Growth

noemail@qbsol.com — Tue, 29 Dec 2009 14:00:00 GMT

Awarded Position on Houston FastTech 50 Houston – December 29, 2009. Quorum Business Solutions, Inc. (Quorum), a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces that the Houston Business Journal recognized Quorum as one of the top technology companies in Houston on the “FastTech 50” with a ranking of #43 and a revenue percentage growth of 23.51%. Quorum is honored to be recognized by the Houston Business Journal for its steady growth, despite last year’s tough economic climate,” says R. Scott Leeds, President of Quorum. “This success is attributed to our key principles and values of being committed to the success of our clients, operating on a solid ethical foundation with a long-term focus, and being the best place for first class people to work. Quorum leverages memberships in various technology partnership programs, such as the Microsoft Gold Partner program,...

Quorum Integrates GPA 2172-09 Gas Measurement Compliance into New Release of Quorum PGAS

noemail@qbsol.com — Thu, 03 Dec 2009 14:00:00 GMT

Houston – December 3, 2009. Quorum Business Solutions, Inc. (Quorum), a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces that it has completed enhancements to Quorum PGAS (PGAS) enterprise flow measurement software to support the revised GPA 2172-09 gas measurement standard. The new release, Quorum PGAS 8.0, is available beginning January 2010. GPA 2172-09 sets the standard for calculations stemming from gas analysis. The updated standard includes major revisions that may affect gas measurement calculations for various gas facility operators, including producers, gatherers, processors and pipelines. One significant update in GPA 2172-09 is the incorporation of water content in gas composition calculations. Adding water vapor to calculations has an impact that permeates into various subsequent values, such as relative density, compressibility factor calculations, volume calculation results, and...

Quorum Implements Oil and Gas Royalty Accounting Enhancements for Canadian Producers

noemail@qbsol.com — Wed, 25 Nov 2009 14:00:00 GMT

Calgary – November 25, 2009. Quorum Business Solutions, Inc. (Quorum), a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces the addition of oil and gas royalty accounting functionality to Quorum TIPS, gas plant accounting software, to address Canadian producers’ royalty management and production accounting requirements. Working with various client producers, Quorum has developed enhancements to its gas plant accounting and production accounting software to manage Crown royalties, freehold and gross overriding royalties (GORR), and associated reporting to royalty owners. “While Quorum TIPS has always had particular strength handling plants with complex operational and commercial characteristics, the recent royalty enhancements are significant in terms of making TIPS a fully functional gas plant accounting system that meets the production accounting requirements of any organization...

Quorum to Present on the Importance of Meter & Volume Data Validation at Industry Measurement Group Meeting

noemail@qbsol.com — Mon, 09 Nov 2009 14:00:00 GMT

Calgary – November 9, 2009. Quorum Business Solutions, Inc. (Quorum), a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces that Bruce Wallace, Sr. Measurement Product Specialist at Quorum, will participate on a panel discussion focused on the validation of meter and volumetric data in the gas and liquids measurement process. Quorum will focus on how enterprise fluid measurement software systems, like PGAS and TechTools, assist with meter and volume data validation by automating validation processes. Specifically, Quorum will discuss the importance of validation and the benefits received when validation practices are implemented. Some of these benefits include: reducing prior period adjustments (PPAs) and associated PPA processing costs; decreasing accounting settlement cycle time by automated import, validation, processing and reporting of data; increasing efficiencies through the automated...

Quorum to Participate in Enhanced Production Audit Program (EPAP) Panel Discussion

noemail@qbsol.com — Tue, 20 Oct 2009 13:00:00 GMT

CAPPA Panel will Review EPAP and the Impact on Production Accounting Calgary – October 20, 2009. Quorum Business Solutions, Inc. (Quorum), a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces that Eric Hazeldine, Vice President of the Quorum Canadian practice, will participate on a panel discussion focused on preparing for the Energy Resource Conservation Board’s (ERCB) new Enhanced Production Audit Program (EPAP). Quorum will discuss key considerations and best practices for aligning business processes and controls to meet the requirements the new directive will place on operators. These topics include: developing methods to track and control measurement values from recording devices to related accounting systems, automating processes that result in volumetric submission to the Petroleum Registry of Alberta, and the benefits of having controls and conducting self-evaluations, such as...

Quorum to Present at 2009 SAP BusinessObjects User Conference

noemail@qbsol.com — Thu, 15 Oct 2009 13:00:00 GMT

Houston – October 15, 2009. Quorum Business Solutions, Inc. (Quorum), a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces that they have been selected to speak on eight different topics at the 2009 SAP BusinessObjects User Conference. Quorum will cover a wide range of subject matter, including: report distribution using SAP® BusinessObjects™ Enterprise XI 3.1; how project management best practices apply to the Universe Design process; SAP® BusinessObjects™ Explorer and leveraging existing investments in universes and data security; report distribution using highly efficient techniques that can be applied to XI R2 and XI 3.1; methods to making migrations successful; how to embed dashboards using Crystal Reports; the value that SAP® BusinessObjects™ Enterprise XI 3.1 brings to Xcelsius®; and tips on using Xcelsius to make stable, production-worthy dashboards. ...

Quorum Introduces New Version of TechTools

noemail@qbsol.com — Thu, 17 Sep 2009 13:00:00 GMT

Field Technician Toolkit Enables Automated Workflow and Electronic Field Data Acquisition Houston – September 17, 2009. Quorum Business Solutions, Inc. (Quorum), a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces the release of the newest version of TechTools. TechTools is a laptop-enabled toolkit designed to provide field technicians with automated workflow for inspection and management of natural gas measurement facilities. The latest release of TechTools incorporates many enhancements that improve and expand workflow efficiencies throughout the measurement department and the organization as a whole. Some of these enhancements include: the ability to attach documents to meter tests, meter changes and new install forms; test equipment form to track the make, model and recertification date to go along with the already existing meter test forms for Orifice, Coriolis, Ultrasonic, Positive...

Quorum Receives Recognition for Maintaining Profitable Growth

noemail@qbsol.com — Mon, 14 Sep 2009 13:00:00 GMT

Houston – September 14, 2009. Quorum Business Solutions, Inc. (Quorum), a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces that the Houston Business Journal recognized Quorum on the “Houston Fast 100” list of growing companies for its third consecutive year with an overall ranking of #59. The list consists of companies headquartered within the ten-county Houston metropolitan area and is ranked by percentage revenue growth from 2006 to 2008. “Quorum is proud to be recognized once again by the Houston Business Journal for its steady profitability and outstanding growth, even through the tough economic climate,” says R. Scott Leeds, President of Quorum. “We continue to uphold our key principles and values of being committed to the success of our clients, operating on a solid ethical foundation with a long-term focus, and being the best place for first class people to...

Quorum to Participate in Gas & Liquid Validation Panel at Industry Measurement Group Meeting

noemail@qbsol.com — Tue, 08 Sep 2009 13:00:00 GMT

Calgary – September 8, 2009. Quorum Business Solutions, Inc. (Quorum), a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces that Eric Hazeldine, Vice President of the Quorum Canadian practice, is scheduled to participate on a panel discussion at the Industry Measurement Group (IMG) meeting on Wednesday, September 9 at the EnCana Amphitheatre in Calgary, AB. The panel will focus on gas and liquid analysis validation processes. Specifically, Quorum will highlight best practices around fluid composition validation, including objectives and impact on day-to-day activities, such as purchase and sales quantities, operations, compliance and customer relationships. In addition, Mr. Hazeldine will discuss how Quorum’s flow measurement solution, Quorum PGAS, addresses and assists with fluid composition validation. The IMG is part of the Canadian Institute of Hydrocarbon Measurement and is recognized by...

Quorum Selected by Additional Upstream Suite Client

noemail@qbsol.com — Wed, 26 Aug 2009 13:00:00 GMT

Houston – August 26, 2009. Quorum Business Solutions, Inc. (Quorum), a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces an agreement to license the full upstream suite of applications. The company will leverage Quorum Upstream Suite to manage its upstream accounting operations and commercial activities, including land management, capital budget tracking, production accounting, revenue accounting and financials (AP, AR, GL). “There is a tremendous amount of data that must be processed and maintained in the upstream oil & gas business. Centralizing this in an ERP system enables companies to more efficiently manage their operations,” said Perry Turbes, CCO of Quorum. “Quorum Upstream Suite is an industry leading, fully scalable set of applications that includes operations accounting and land management functionality which enables E&P companies to improve business processes using...

Quorum Named to the 2009 Inc. 5000 List

noemail@qbsol.com — Tue, 18 Aug 2009 13:00:00 GMT

Houston – August 18, 2009. Quorum Business Solutions, Inc. (Quorum), a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces that Inc. magazine recognized Quorum in the Inc. 5000 list of growing companies in 2009 with an overall ranking of #2,410 and #64 in Houston. The list represents a comprehensive look at the most important segment of the economy—America’s independent-minded entrepreneurs. “Quorum is honored to be selected for the prestigious Inc. 5000 list for the third consecutive year for our sustained profitability and sound company growth,” says R. Scott Leeds, President of Quorum. “We continue to achieve success by maintaining our core values of being committed to the success of our clients, operating on a solid ethical foundation with a long-term focus, and being the best place for first class people to work.” The Inc. 5000, an extension of Inc....

Mid American Natural Resources Licenses Quorum to Manage Gas Marketing Activities

noemail@qbsol.com — Thu, 06 Aug 2009 13:00:00 GMT

First of two Additional Quorum Gas Marketing Clients in as many Months Houston – August 6, 2009. Quorum Business Solutions, Inc. (“Quorum”), a leading provider of business and information technology solutions for the oil, gas and renewable energy industry, has entered into an agreement with Mid American Natural Resources, LLC (MANR), a subsidiary of Norse Energy Holdings, Inc., to license Quorum Gas Marketing (QGM) and Quorum Query & Reporting (QQM). MANR will use QGM to manage their gas marketing activities, fair value mark-to-market accounting and gas scheduling activities. “We conducted an evaluation of available gas marketing solutions to help streamline our accounting and gas scheduling activities,” said Mark Williams, President of MANR. “Quorum’s knowledge and expertise in the gas marketing industry, along with the extensive functionality and ease of use of their gas marketing offering, helped Quorum stand out as the unmistakable...