HOUSTON—(BUSINESS WIRE)—February 3, 2009— P2 Energy Solutions, a leading provider of business software, map data and enterprise services to the oil and gas industry, announces the release of Enterprise Land 3.0. The company will feature Enterprise Land in presentations and one-on-one demos in booth 2607 at the North American Prospect Expo (NAPE) this week on Feb. 5 and 6, 2009.
Enterprise Land offers Service-Oriented Architecture (SOA) and robust land modules which streamline and expedite the end-to-end land management cycle. The modules are extensible and loosely coupled which means they can function stand-alone or integrated with other applications such as Excalibur, Enterprise Upstream and Tobin GIS Studio. The 3.0 release continues to extend the set of land modules with flexible components and rich functionality on a highly-scalable, proven and sustaining architecture. Along with functional and usability enhancements to the entire suite, 3.0 includes a groundbreaking new module.
The Lease Acquisition module provides a way to easily capture and report on lease, mineral and surface ownership information based on legal land descriptions. This module provides ease and flexibility in leasing activity, budget tracking, costs and payment of drafts and is uniquely capable of integrating the wealth of data gathered by brokers or land agents at the field level.
What is radically new about Lease Acquisition is that it focuses on managing field operations from a company’s perspective. A heightened awareness of data sensitivity and cost controls has forced companies to reassess how they identify and capture field data as it pertains to land management. Many executives are recognizing the need for a broker management system, such as Lease Acquisition, housed and operated within their own land department.
Enterprise Land was created by land people for land people with the goal of providing visibility, clarity and accuracy to the management of oil and gas land assets. “With this end-to-end information management platform there is an opportunity to reduce the effort required to manage back-office and land administration by over 25 percent,” notes Bret Bolin, COO, P2 Energy Solutions. “Many companies are focusing internally on business process improvements and system integration opportunities in the current environment to make sure they are prepared for rapid but controlled growth when prices rebound.” With many unknown factors affecting long-term oil and gas business strategies, SOA applications such as Enterprise Land offer the best chance of harnessing the level of functionality and flexibility required to meet potential challenges and opportunities.
About P2 Energy Solutions Inc.
P2 Energy Solutions focuses on the development and support of data, software and enterprise services to meet the information and business process needs of the energy industry. P2 Energy Solutions is the oil and gas industry’s most comprehensive source of asset management solutions including Entelligent, Enterprise Upstream, Reserve Management, Excalibur, Qbyte, Enterprise Land, Tobin GIS Studio, Tobin SuperBase and Wellcore. With solutions deployed at more than 500 companies worldwide, P2 Energy Solutions enables clients to achieve greater productivity while maintaining effective controls.
The company has an 80-year history of serving the oil and gas industry and understands its workflow processes. P2 Energy Solutions has the breadth and depth of expertise to meet the expanding financial, operational and data management needs of energy companies from private independents to super-majors. More information can be found at www.p2es.com.
P2 Energy Solutions
Eric Flynn, 713-481-2000