Arcadia Operating Deploys myQuorum Software to Modernize Its Land Management Operations

myQuorum Land On Demand Was Chosen to Meet the Needs of Growing Dallas-based Oil and Gas Company

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Dec 20, 2017, 09:00 ET

HOUSTON, Dec. 20, 2017 /PRNewswire/ -- Quorum, the leader in digital transformation for the oil and gas industry, recently announced that Dallas-based oil and gas company Arcadia Operating is implementing the latest release of myQuorum Land On Demand software. Arcadia sought out myQuorum Land On Demand based on its functionality, ease of use, and efficiency.

"It's great to see a growing oil and gas company like Arcadia recognize the need to strategically transform through cloud technology, and we are excited to partner with them as they continue to evolve their business by embracing innovation and digital solutions," said Soroosh Seyhoon, Quorum Vice President. "The competitive landscape of the energy sector is rapidly changing, and Quorum's industry-leading cloud-based land management software will help Arcadia remain successful by modernizing their business processes."

"We were looking for a solution that would be easy to use while modernizing the look and feel of our land software," said Dylan Bercutt, Lease Analyst at Arcadia. "That's when we found myQuorum Land On Demand. During the demo, we were especially impressed by its GIS capabilities, including the ability to view leasing activity on the map and to map out lease boundaries. We knew right away this software was best suited for our company."

"myQuorum Land On Demand's recent success reflects the need for leading land management software vendors to address the small cap opportunity with products and platforms tailored to the challenges that these smaller organizations encounter," said Kevin Prouty, Vice President of IDC Energy Insights. "We see significant demand from smaller companies due to the amount of M&A activity and driven by the need for these solutions to be fast to implement, simple to deploy, industry-proven, scalable, and affordable."

About Arcadia Operating

Arcadia Operating, LLC is a privately owned, Texas corporation based in Dallas. Arcadia has been active in the oil and gas industry since the early 1930s. Throughout the years, Arcadia has enjoyed success through exploration and exploitation of oil and natural gas properties. The company currently operates more than 120 wells primarily located in East Texas and along the Texas and Louisiana Gulf Coast regions. The various operations include infield development in the company's legacy area, Talco Field in East Texas, to deep, high-pressure gas wells located in South Texas. Arcadia is committed to ensuring that all field operations meet or exceed state and federal regulatory and environmental standards, and we are proud to be approved to operate wells on both U.S. National Forest and U.S. National Wildlife Reserve surface lands. For more information on Arcadia, please visit www.arcadiaop.com.

About myQuorum Land On Demand

The latest release combines Quorum's proven and industry-leading land management software with the accessibility, affordability, and speed of cloud technology. Over the last 20 years, Quorum has implemented land solutions for more than a hundred oil and gas companies ranging from small independents to supermajors – including 7 of the 10 largest operators in the United States. Proven, affordable, and fast, the new myQuorum Land On Demand package includes software, services, and support priced to maximize value for small and medium-sized operators short on time and resources, while providing scalability to meet business growth.

For more information on myQuorum Land On Demand, visit our product page and webinar on the Quorum website.

About Quorum

Quorum offers an industry-leading portfolio of finance, operations and accounting software that empowers energy companies of all sizes to conquer their most complex business challenges. From the field to the back office, defying complexity is coded in our DNA and our software. This unmatched experience is why Quorum is the choice of eight of the largest public energy companies worldwide, 75 percent of LNG exporters throughout North America and 80 percent of all midstream companies in the United States. Designed for digital transformation, the myQuorum software platform delivers open standards, mobile-first design and cloud technologies to empower innovation at the speed of thought. At Quorum, we're helping visionary leaders transform their business, and the energy industry, for a digital world. For more information, visit www.quorumsoftware.com.

CONTACT: Genevieve Shoemaker, 1-713-377-6438, [email protected]

SOURCE Quorum