Lambda Selects W Energy Software’s Midstream SaaS ERP to Manage Gathering and Gas Processing Operations

W Energy Software, the new leader in upstream and midstream oil & gas SaaS ERP solutions, announces that Lambda Energy Resources (Lambda) has signed software licenses for its Gas Gathering and Plant Processing software modules. Top reasons for selecting W Energy Software include favorable licensing, self-service reporting, and superior user experience. The announcement continues a steady winning streak as midstream companies increasingly switch from legacy software vendors, enabling W Energy Software to gain more than 40% market share for plant processing alone.

 

“In order to grow our gathering operations, we needed broader functionality and cost containment than our plant accounting software vendor could provide,”
-Ben Gaw, VP of Information Technology, Lamda

 

“So we looked at all of our options to procure the right software at the right price,” said Ben Gaw, Vice President of Information Technology at Lambda. “As an IT organization, we are continuously looking to improve return on our information technology investments and improve business performance, which is why Lambda selected W Energy Software to manage our gas processing and gathering operations,” he stated.

Headquartered in Houston, Lambda operates the Kalkaska wet gas processing and fractionation plant in Michigan with a capacity of 75 MMcf per day. Seeking to grow its gas gathering capacity through an acquisition, Lambda turned first to its plant accounting software vendor to extend its software suite with additional capabilities to allocate and track producer shipments, however, software licensing fees proved cost-prohibitive. Lambda wanted to replace its legacy software vendor with a cloud-based solution that offers modern technology, lower software licensing fees, and superior user experience. Lambda selected W Energy Software, which will provide its management team with easy data access for gathering and plant accounting while enabling it to grow with a lean team.

 

Reasons for selecting W Energy Software include:

  • W Energy Software’s category-leading midstream solutions, continuous innovation commitment, and superior service made it the clear choice over legacy software providers.
  • Comprehensive and unified midstream ERP platform that shares a common and consistent user experience spanning gathering and plant processing workflows.
  • Self-service reporting enables Lambda’s management team to quickly access data and KPIs across plants and gathering system in one intuitive user interface.
  • Modern applications fully optimized for the cloud reduce total cost of ownership while enabling energy companies to scale with a lean team.

 

“Thank you to the Lambda team for entrusting your growing operations with W Energy Software’s best-in-class plant accounting and gathering solutions, which will deliver tangible business value on day one and meet your evolving operational needs head on,” said Pete Waldroop, W Energy Software’s CEO. “Midstream companies large and small who are looking to grow choose W Energy Software as evidenced by more than 20 recent replacements of the legacy plant accounting software vendor, market share growth that is only accelerating across gas processing and other midstream segments.” Waldroop added,

 

“our midstream and upstream winning streak adds incredible momentum as we head into W Energy Software’s annual user conference, WE CONNECT 2021, this week where clients from across the energy value chain come together to learn how we’re making even more possible through relentless innovation.”
-Pete Waldroop, CEO, W Energy Software

 


 

About W Energy Software
Headquartered in Tulsa, Oklahoma, W Energy Software offers the oil & gas industry’s only unified ERP solution built for the cloud that is relied on by more than 130 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. For more information, please visit: www.wenergysoftware.com

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Frank Fuda

VP 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.

WHITNEY BRADEN

VP 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. 

David Craig

SVP 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. 

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

CFO

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. 

mike crest

EXECUTIVE CHAIRMAN

Mike holds B.S. degrees in Business Administration, Computer Science and Communications from Minnesota State University.  He has been an executive and operator in the IT Technology space for 25+ years and was most recently CEO at Optanix, a leading technology and managed services provider.  While under Crest’s leadership, Optanix achieved unprecedented growth before eventually exiting successfully through its acquisition by ATSG.  Before Optanix, he was CEO of Arcserve, a leading provider of data protection and availability solutions and carve-out of CA Technology.  He brings experience from leading go-to-market efforts to guiding companies through organizational change and growth. 

Rachel Collins

CEO

Rachel Collins joins W with over 30 plus years of value-driven organizational change experience. Prior to W, Rachel was general manager of Gilbarco Veeder-Root (A VNT operating company). Most recently, Rachel served as Senior Vice President at Aurea Software (ESW Capital/Trilogy), where she oversaw acquisitions and promoted the company’s most significant take-private initiatives, including FedRamp and JIVE software and . Rachel is responsible for over a billion annual recurring revenue from 2013 to 2019. She is also the founder of an industry-leading java development and middleware integration consulting firm for the technology sector.

Rachel graduated from LSU as Cum Laude with a B.S. in Information Systems and Decision Sciences. Also, a May 2019 graduate with Magna Cum Laude honors from Colorado State University, with a Master of Finance.

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