Killam Oil Company Selects W Energy Software’s Full Upstream ERP Solution for Accounting, Land, and Tax

W Energy Software, the new leader in upstream and midstream oil & gas ERP solutions, announces that Killam Oil Company has signed software licenses for its upstream accounting, land management, and regulatory reporting software.  The announcement follows a head-to-head evaluation of the producer’s existing ERP solutions in which W Energy Software was selected to replace multiple legacy software products and vendors.  Top reasons for selecting W Energy Software include its unified upstream ERP platform built on the cloud, intuitive user experience for accounting and land workflows, fast and reliable production allocations, and all-inclusive upgrades.

 

“We are looking forward to working with W Energy Software and having a partner committed to our success…We were looking for the right technology and partner to sustain our strong growth profile and W Energy Software checked all the boxes with its best-in-class, modern software solutions for managing our unique accounting and land management complexities,”
-Rolando Villarreal, Director of Information Technology, Killam Oil Company

 

Headquartered in Laredo, Texas, Killam Oil Company is a privately held energy company with operations in South Texas and non-operated working interests across the country.  The company had relied on multiple legacy ERP systems for nearly 20 years to manage core business functions, including financial accounting, production accounting, land management, and revenue disbursement.  Its accounting software vendor planned to discontinue support for legacy products, putting the producer in the position of investing significant time and resources to switch to a newer version that offered few improvements.  Legacy technology also failed to keep pace with Killam Oil Company’s business needs with production allocations often requiring extensive time to run and requiring processes to be restarted multiple times.  Additionally, faced with complex state regulatory requirements, the producer wanted to simplify the preparation of tax and related reporting.

Seeking to modernize its accounting, land management, and regulatory reporting workflows with best-in-class technology, Killam Oil Company evaluated the capabilities of its current software vendors then selected W Energy Software’s full Upstream ERP software suite, which will provide it with a unified suite of business applications built on the cloud.  This includes modules for Revenue Accounting, Accounts Receivable, Accounts Payable, Joint Interest Billing, Fixed Assets, Purchasing, Authorization for Expenditure, Production Accounting, and Financial Accounting.  The W Energy Software solution also provides the producer with modern Land and Division Order management tools as well as a State Tax module to streamline regulatory reporting.

 

Reasons for selecting W Energy Software over the competition include:

  • Best-in-class ERP technology and user experience across a unified database and integrated software suite spanning accounting, land, and tax/regulatory.
  • W Energy Software’s reputation for customer service and partnering with customers to ensure business results.
  • Fast and reliable processing of settlements and allocations eliminates manual workarounds, enables processes to be run in minutes, and builds confidence in the results.
  • The industry’s most comprehensive single platform, modern technology deployed in the cloud enables teams to reduce IT costs.

 

“We are honored to have been selected by Killam Oil Company as the ERP solution that will empower their entire business with modern accounting and land management technology…by entrusting their business data and financial results to our leading ERP technology, Killam Oil Company will drive business performance even higher, accelerate complex accounting settlements, streamline land management workflows, and prepare specialized state reporting with a click.” 
-Pete Waldroop, CEO, W Energy Software

 

To accelerate the implementation of Killam Oil Company’s new land management solution, W Energy Software is leveraging ThoughtTrace, the leader in oil & gas data extraction and a W Energy Software Technology Partner, to digitize and automatically load large volumes of leases.

 

 

 

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.  To learn more visit: www.wenergysoftware.com

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Rachel Collins

Board Member

Rachel Collins joins WES with over 25 years of organizational transformation experience. Prior to WES, Rachel was the General Manager of Insite360, the software and analytics division of Gilbarco Veeder-Root (a NYSE:VNT operating company). Prior to Insite360, Rachel served as General Manager and SVP at Aurea Software (ESW Capital/Trilogy), where she directly managed several acquisitions including ista NA, Lyris, MessageOne, AlertFind, Artemis, Jive software operations, and Jive’s FedRAMP program. Rachel is responsible for over a billion annual recurring revenue since 2013. She also founded a boutique consulting firm focused on java development and middleware integration serving the energy, financial services, and healthcare sectors.

Rachel graduated with Cum Laude honors from LSU, with a B.S. in Information Systems and Decision Sciences. In 2019, Rachel graduated with Magna Cum Laude honors from Colorado State University Global, with a Master’s Degree in Finance.

Peter Waldroop

Board Member

Pete Waldroop has served as executive, CEO, and Board member for numerous organizations over his 26 year career in IT and software.  Mr. Waldroop has founded such successful organizations as Waterfield Energy, Capitalize Consulting, and Quorum Business Solutions. Mr. Waldroop’s commitment to client service now extends to cyber security though Asgard Cyber Security.

Mike Anello

Board Member

Mike Anello is dedicated to helping growth-oriented businesses maximize their operations by applying his extensive sales and marketing expertise to portfolio companies.

Prior to founding M33, Mike was a member of the ops team at Valor Equity Partners, where he focused on implementing sales and marketing best practices across the firm’s portfolio. Before this, Mike led business development for Axium Software (acquired by Deltek), where he led acquisitions and helped double the size of Axium’s sales and marketing engine in less than two years. Mike has worked with several companies to optimize and streamline their sales and marketing efforts, including Illumio Software, Tesla Motors, Manduka, Porch, and Project44. He was also a cofounder of Cleverlayover. Mike, Gabe and Brian first worked together at General Catalyst. There Mike built the sourcing team and focused on software and healthcare opportunities.

Mike graduated from the University of Notre Dame summa cum laude. He walked on to the Notre Dame Football Team, eventually earning a scholarship and two-time Academic All-American Honors. Mike received his MBA from Harvard Business School. While there, he partnered with Shikhar Ghosh and Mark Roberge to build a playbook around best practices for scaling sales teams from $10 million to $100 million in revenue.

Mike’s passion for giving back led to the launch of Boston’s inaugural St. Baldrick’s Event, a pediatric oncology research foundation. Since then he has led more than 10 events in four cities.

Will Heldfond

Board Member

Will joined True Wind in 2018. Will currently serves as a director of Open Lending Corporation (NASDAQ: LPRO), Cellebrite (NASDAQ:CLBT), Merative, and W Energy Software.

Prior to joining True Wind, Will was an investor at Accel-KKR where he sourced and led growth equity and buyout investments within the software and internet sectors across North America and Western Europe. Will began his career as an investment banker at Vista Point Advisors where he focused on technology mergers and acquisitions.

Will holds a B.A. in International Relations with an emphasis in Economics from the University of Southern California where he graduated Summa Cum Laude and Phi Beta Kappa, and a Master of Business Administration from Stanford Graduate School of Business.

Mike Crest

Board Member

Mike brings more than 25 years of IT industry experience where he was most recently CEO and President at Optanix, a software and solution provider for large enterprise collaboration and communications technology, where he led the team through a successful sale of the company in 2021.

Prior to joining Optanix, Mike served as CEO of Arcserve, a provider of data backup and recovery solutions, where he led the team that took the company independent. Before that, he held several executive level roles at CA Technologies, one of the largest independent software corporations in the world, and spent eight years in technology sales leadership roles at one of the largest resellers in the world.

Mike holds B.S. degrees in Business Administration, Computer Science and Communications from Minnesota State University.

Sean Giese

Board Member

Sean joined True Wind in 2018 and is a Director of Envoy Global, Sysnet Global Solutions, and W Energy Software. Prior to joining True Wind, Sean spent over a decade at Technology Crossover Ventures (TCV) where he led and managed growth equity investments and buyouts within technology. Sean was involved with various investments across the technology sector including Actifio, Cradlepoint, Datto, ExtraHop, Fuze, GoDaddy, Twilio, XRS and several others. Prior to joining TCV, Sean was with Deutsche Bank in the Technology Mergers & Acquisitions group.

Sean holds a B.S. in Aerospace Engineering from University of California, Los Angeles.

Aubree Witt

Executive Administrator &
Office Manager

Aubree joined W Energy Software in 2018 and currently serves as the Executive Administrator for the Leadership Team. She graduated from the University of Oklahoma with a Bachelors in Sociology and comes with 10 years of administrative experience.

John Ascher-Roberts

Chief of Staff

John joined W Energy Software and serves as its Chief of Staff, collaborating with the executive leadership team to determine and prioritize business strategies while also defining and measuring the company’s key performance indicators. He began his career in investment banking before transitioning to the operational side through strategic planning and finance roles at PAX Labs, Samsara, and Red Ventures. He earned his bachelor’s degree in Economics from the University of Southern California.

Frank Fuda

Vice President of Sales

Frank joined the W Energy team in 2020 and currently serves as Associate Vice President of Sales. He has 14 years of experience in various sales roles and enjoys helping clients across the oil and gas industry achieve strategic transformation. Frank earned a bachelor’s degree in Business Administration from Baylor University.

David Craig

Senior Vice President of Client Experience

David has over 20 years of experience in Upstream Oil & Gas spanning the IT strategy, design and implementation disciplines as well as extensive experience in data warehousing, business analytics, revenue accounting, production accounting and land applications. He earned a BA in Business Administration and Management and his MBA from Baylor University.

Whitney Braden

Vice President of Human Resources

Whitney joined W Energy Software in 2013 and currently serves as the Vice President of Human Resources. She is passionate about building strategies and initiatives focused on solving business and people challenges. Whitney earned a bachelor’s degree in Psychology from Rogers State University and a Graduate Certificate in Human Resource Management from Oklahoma State University.

Vipul Bansal

Chief Technology Officer

Vipul Bansal brings in 20+ years of technology experience helping organizations build scalable solutions. In his role as VP of Engineering, Vipul leads the platform engineering teams delivering robust ERP solutions and plays a critical role in helping W Energy remain at the forefront of innovation. Prior to joining W Energy, Vipul was Head of Engineering for Seven Lakes Technologies building truly cloud-native SaaS solution for oilfield production, field operations and production accounting. Vipul received his Master’s from Wayne State University and holds a Bachelor’s in engineering from Sardar Patel University.

Andy James

Chief Product Officer

Andy has 30 years of oil and gas experience which have been focused on technology leadership roles. He has extensive experience in commercial software delivery, product management, and product life cycle. Mr. James joined W Energy Software in January 2023, prior to which he served 10 years at IHS Markit where he led the global software development organization for the upstream oil and gas business. Key contributions include leading the geoscience software organization, migration of key platform technologies to the cloud, and Agile development transformation. Mr. James also spent 20 years in global roles in London, Holland, and Houston with Halliburton, including stints with KBR, Halliburton Integrated Solutions, and finally Landmark Graphics.

MICHAEL TETZLAFF​

Chief Financial Officer

Michael earned his undergraduate degree at the University of Kentucky and holds an MBA from the Northwestern University Kellogg School of Management. He began his career at LaSalle Bank in Chicago, later transitioning to an asset management firm, leading efforts to optimize internal processes and manage data flow across the organization. Michael has over 20 years of experience in FP&A, accounting, information systems management and capital markets.

Rachel Collins

Chief Executive Officer

Rachel Collins joins WES with over 25 years of organizational transformation experience. Prior to WES, Rachel was the General Manager of Insite360, the software and analytics division of Gilbarco Veeder-Root (a NYSE:VNT operating company). Prior to Insite360, Rachel served as General Manager and SVP at Aurea Software (ESW Capital/Trilogy), where she directly managed several acquisitions including ista NA, Lyris, MessageOne, AlertFind, Artemis, Jive software operations, and Jive’s FedRAMP program. Rachel is responsible for over a billion annual recurring revenue since 2013. She also founded a boutique consulting firm focused on java development and middleware integration serving the energy, financial services, and healthcare sectors.

Rachel graduated with Cum Laude honors from LSU, with a B.S. in Information Systems and Decision Sciences. In 2019, Rachel graduated with Magna Cum Laude honors from Colorado State University Global, with a Master’s Degree in Finance.

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