Mid American Natural Resources Licenses Quorum to Manage Gas Marketing Activities
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 choice.”
MANR is an Appalachian natural gas marketer that aggregates and sells local gas supplies to commercial, industrial, and wholesale customers. Their offices are located in Erie and Pittsburgh, PA.
“Quorum Gas Marketing continues to expand market share throughout the energy marketing industry,” said Perry Turbes, Chief Commercial Officer of Quorum. “In the past two months, we have licensed another two clients, MANR and a leading midstream energy services company.”
Quorum Gas Marketing is an end-to-end gas marketing software solution for companies who buy, transport, and sell natural gas in the physical gas market. QGM actively manages marketing transactions and counterparty credit exposure, provides position reporting on both a physical and financial basis, and serves as an analytical tool for marketers, risk managers, analysts, schedulers, and accountants. Quorum Query & Reporting is a business intelligence and reporting software application that enables users to run ad-hoc reports against Quorum product databases.
For more information, visit Quorum’s web site at www.qbsol.com or call us at 713-430-8601.
Source: Quorum Business Solutions
