or call us at (713) 430-8601Over the past 11 years, Quorum has demonstrated a track record of successfully deploying efficient, cost effective solutions that help companies meet performance goals.
Exploration & Production (E&P) - industry sector
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Exploration, development, production and marketing of products
The Exploration and Production (E&P) sector of the oil and gas industry includes participants involved in exploration, development, production and marketing of products.
E&P Processes and Systems
Processes and systems for E&P operators to efficiently manage operations and commercial activities are critical to success. Key elements include:
- Capital budget forecasting with financial controls, including AFE electronic workflow approval and allocation of funds to projects
- Prospecting, acquisition and maintenance of mineral leases and landholdings, including contract management and obligation payments
- Production volume accounting with regulatory reporting
- Revenue accounting beginning with complex sales arrangements through owner distribution
- Accounts Payable (AP) with electronic invoice approval, Accounts Receivable (AR), general ledger (GL) and financial reporting, book and tax depreciation (DD&A) and inventory management
- Joint venture accounting with automatic overhead calculation, expense allocation and owner distribution
- Marketing of natural gas and natural gas liquids (NGL) produced
- Collect, organize, analyze and edit production measurement data to prepare for operational and commercial processing
- Geographic information services (GIS), including mapping
- Reporting and business intelligence, executive dashboard, regulatory reports, lease operating statements (LOS), payouts, etc.
- Support for growth and expansion; organically and by merger and acquisition (M&A)
E&P Software Solutions
Quorum has experience in the E&P sector in design, implementation and support of configurable, sustainable, scalable information technology solutions to manage business activities efficiently and cost effectively. In addition to consulting services, we provide a full range of software solutions specific to the oil and gas E&P sector, including:
