Press REleases:
Mission Resources Implements Land Management Software from Quorum Business Solutions
Houston, Texas – July 17th, 2003. Quorum
Business Solutions, Inc (Quorum) announced today that Mission
Resources (NASDAQ:MSSN), an independent oil and gas company,
has agreed to license Quorum Land for deployment across its
land management operations. Quorum Land is a part of the
Quorum Energy Suite of software products that features a
range of software solutions for energy company operations
from wellhead to burner tip.
With proven reserves of 229 BCFE of natural gas, Mission
Resource’s properties are primarily located in the
Permian Basin of West Texas, along the Texas and Louisiana
Gulf Coast, East Texas, and the Gulf of Mexico. Mission is
headquartered in Houston, Texas. Mission recently identified
a number of business process requirements in its land and
lease management activities that were not supported by its
legacy system. Citing features such as wider access across
the enterprise to land-related data, a user friendly and
intuitive graphical user interface and easy access to scanned
documents, Mission selected Quorum Land to meet those requirements.
Quorum’s creativity in designing an agreement structure
that was responsive to Mission’s unique situation was
another decisive factor in Mission’s selection.
“This project was a tremendous success.” said
Marshall Munsell, Mission Resources’ Vice President – Land
and Land Administration. “We immediately began realizing
benefits from the Quorum Land product through ease of use
and training and flexible access to our land and lease information.”
“Quorum managed to meet the very aggressive implementation
schedule on time and on budget.” said Richard W. Piacenti,
Executive Vice President and CFO. “Quorum has delivered
real value in terms of the product and associated services.”
Implementation of the comprehensive Quorum Land product
suite was completed in May 2003. Mission expects to benefit
from a substantial improvement in scope of coverage and efficiency
of processing its land and lease management activities on
a platform that will easily scale up as the company grows.
“The Quorum Land suite provides clients with a complete
land management solution, fully integrated with GIS,” said
Paul Weidman, President of Quorum Business Solutions, Inc. “Quorum
was able to offer Mission Resources a solution that met its
business requirements along with a complete support and training
package that will reduce the long-term cost of ownership
and provide immediate operational cost savings.”
About Quorum Business Solutions,
Inc.
Quorum Business Solutions, Inc. is a product
centered services company that develops and supports industry
standard applications
across a wide range of businesses. Quorum works closely
with clients building long-term relationships: developing,
delivering and supporting cost effective business solutions.
Quorum is committed to providing the right people, expertise
and tools to deliver successful solutions its clients can
count on. Founded in 1998, Quorum now has over 120 staff
operating out of offices in Houston, Dallas, and Calgary.
Quorum
provides the Quorum Energy Suite, a set of software applications
for the energy industry that includes TIPS (Plant
/ Facility Accounting), the de facto industry standard solution
for gas plant accounting. Quorum’s energy industry
product offerings are specifically designed for companies
that produce, gather, transport, process and market natural
gas and other energy commodities. The company has an extensive
client base and a strong reputation for delivering cost-effective
solutions.
For more information, visit Quorum’s web
site at www.qbsol.com or call us at 713-430-8601.
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