Press Release: W Energy Software Announces Acquisition of NeoFirma

– In a fast-paced stage of growth, W Energy Software reports its first step on the path of  acquisitions –

 

TULSA— January 14, 2019 — W Energy Software a leading provider of advanced cloud-based oil and gas accounting and transaction management software, announced today that they have completed the purchase of NeoFirma, a cloud-based software focused on field data capture, operational reporting and well work tracking.

“Acquiring NeoFirma made sense for us for a number of reasons. Their team has developed great software products. Incorporating their product suite into our own allows us to better serve our upstream and midstream clients,” said Pete Waldroop, CEO of W Energy Software. “We’re particularly excited about the advancements they’ve made in field data capture.”

Steve Haglund is the president of NeoFirma and will now serve as Vice President of Field Operations at W Energy Software. Haglund is as excited about the transition. “Not unlike W Energy Software, NeoFirma has been committed to producing one of the most robust and easy to use software platforms in the oil and gas industry. As a result of the dedication and efforts of our team, we have made significant strides in achieving those goals. Merging with W Energy Software allows us to continue this mission, advance the software and put it into the hands of more users that need it,” commented Haglund. “As equally important, Waterfield’s culture and principles align with ours and we’re confident that they will keep the NeoFirma spirit that our clients and team value alive.”

 

About NeoFirma

NeoFirma is an energy software company that empowers North American independent oil & gas producers to improve the efficiency of their well assets. The Dallas-based company provides an easy-to-use, cloud-based suite of software solutions to manage drilling and production operations.  Delivered on the Web and mobile devices, the software helps E&P’s capture information in the field, track production operations, optimize field spending, anticipate trends, and focus on their core business.  Founded in 2003, NeoFirma supports over 40 E&P companies as clients. For more information, visit http://www.NeoFirma.com.

About W Energy Software Energy

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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