W Energy Software (formerly Waterfield Energy), the emerging leader in upstream and midstream ERP software, is celebrating its tenth year of business serving more than 100 companies across the energy value chain. The anniversary coincides with a year of rapid increase in market share, strategic acquisitions, and rapid organizational growth to meet demand for the company’s cloud-based ERP solutions. The Tulsa-based software developer also announces that it has updated its name to “W Energy Software” to align with the company’s core mission of redefining and modernizing energy software as well as mark its anniversary milestone and next stage of growth. W Energy, or WE, also exemplifies the company’s laser focus on customers, collaboration, and solving business challenges together.
Founded in 2009, W Energy Software began with a vision to create a unified ERP software platform on the cloud to give energy companies a cost-effective and integrated suite of tools, enabling users to work with a single dataset and rapidly analyze data instead of other solutions that bolt different vintages and types of technology together. The company executed on its roadmap and vision, first solving midstream plant accounting challenges and the logistical complexities of oil, gas, and natural gas liquids (NGL) transportation. The company expanded its midstream and upstream software suite in 2010 then introduced division order management, and group transportation software modules in 2013. Today, W Energy Software is a leading provider of oil & gas ERP software that supports the full energy value chain.
“Our new name, W Energy Software, is a logical evolution that clearly defines what we do and our commitment to building straight forward and clearly defined oil & gas ERP solutions, underscoring our unique way of doing business that puts our customer and their brand first instead of ours,” said Pete Waldroop, CEO and Founder of W Energy Software. Waldroop continued, “for years we have been known by customers as simply ‘WE,’ which is a perfect way of describing how our unique culture creates customer value since it is truly all about solving business challenges together, a concept that has already been present in ‘WE Connect,’ our annual software user conference.” He concluded, “ten years after I launched the business W Energy Software has established itself as the oil & gas ERP software of choice as evidenced by our increasing market share and our new customers who have left the competition in droves, and again it’s all something WE have built together as a team and with our valued clients.”
Waldroop is a veteran energy professional and executive manager who spearheaded initiatives for Quorum Software and Accenture before launching W Energy Software. The company is still led by its founder and the commitment to customer value that grew the company into the category leader for oil & gas ERP software is still present. The company’s anniversary and name change come on the heels of the news that Mark Hill has been appointed as W Energy Software’s Chief Revenue Officer and tasked with scaling the company for sustained growth. These rapid developments mark 2019 as a major milestone of business transformations with W Energy Software poised for even bolder strides in 2020.
About W Energy Software
Headquartered in Tulsa, Oklahoma, W Energy Software (formerly Waterfield Energy) offers the oil & gas industry’s only unified ERP solution built for the cloud that is relied on by more than 100 upstream and midstream companies to accelerate business performance, improve operational efficiency, and drive costs down. W Energy Software combines precision-built software in one extendable cloud-based workspace with an intimate understanding of the oil & gas business to deliver solutions that offer flexibility, affordability, and continuous upgrades. Unlike other ERP software that loosely ties together a mix of legacy solutions and fragmented technologies, W Energy Software designed a unified upstream and midstream ERP platform to seamlessly track oil, gas, and NGL from the wellhead through transportation and marketing, eliminating data silos as well as the burden and costs of maintaining multiple systems. With W Energy Software, oil & gas companies stay lean and agile with the tools they need to adapt to market changes and meet evolving customer needs head on, all while gaining the confidence that their business is running on the latest technology.