Press Release: W Energy Software Selected by Oil and Gas Startup to Build Robust Operational Foundation

– Private Houston-based company is on a fast track and needed a platform that could grow with them –

 

TULSA— October 18, 2018 — W Energy Software, a leading provider of advanced oil and gas software, recently announced that a newly formed, Houston-based oil and gas company is implementing W Energy Software’s WE Financial Accounting module.

The client is a private oil and gas company focused on acquiring and developing upstream assets with a secondary focus on the midstream sector.

“The objective for this client was to select a software solution on which they could grow and, after exploring their options, they were confident in W Energy Softwares platform,” said Bill Lane, Director of Sales at W Energy Software. The client company is moving fast and actively evaluating assets for acquisition. Upon asset acquisition, they expect to implement additional W Energy Software modules including Revenue Accounting, Cost Accounting, Land Management, Field Data Capture, AFE, and Division Order among others.

“W Energy Software was recommended to me by an industry colleague who also works for a private company in the oil and gas sector,” said the client company’s Vice President of Finance. “Following the introductory call with Bill, W Energy Software happily accommodated my request for an in-person product demonstration. It was clear to me that this platform could meet our needs now and in the future.”

Upon evaluating the needs of the client, W Energy Software recommended a BPO provider, EAG 1Source, to support the client’s general and administrative accounting requirements utilizing W Energy Software’s software platforms.

“Our team prides ourselves in being very data-intensive and we ensure our business decisions are supported by this data,” said the client company’s Vice President of Finance. “The ability to utilize W Energy Software’s software to efficiently analyze financial data across the entire value chain piqued my interest the most. I believe the integrated nature of all the W Energy Software modules lends itself well to companies with a similar mindset.”

About EAG 1Source

EAG 1Source is the industry’s answer for a trusted business process and IT outsourcing experience. EAG is the team behind your team, efficiently handling the back office of operations. EAG provides their clients the freedom to focus on operations, growth and value creation by expertly handling their accounting, production reporting, land administration and information technology needs. With 15 years of proven experience and deep E&P industry expertise, EAG 1Source has the right resources and the right specialists to handle back office needs through every stage of a company’s lifecycle.

About WE Financial Accounting

WE Financial Accounting provides a subset of modules to support general ledger, accounts payable and cash management operations. Key features include built-in end-to-end controls / visibility, integration, with other modules, workflow approvals advanced reporting and synchronization of third-party services, e.g. OpenInvoice. These modules leverage W Energy Software’s rich user interface and high-volume transaction processing capabilities. W Energy Software’s powerful business intelligence tool provides modern analysis and integrated reporting capabilities across the entire Waterfield Energy software platform.

About W Energy Software

W Energy Software is the new standard in oil and gas accounting software. The company’s cloud-based or on-premises fully-integrated software suite provides the best end-to-end solution on the market. Faster setup, performance, reporting and streamlined upgrades leaves its clients more time for analyzing data and running their businesses. Combine this with client-focused technology advancements, known and transparent costs, and highly-qualified customer support members, and the WE Experience consistently exceeds expectations while setting performance benchmarks for the industry. Learn more at wenergysoftware.com.

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