Quorum Builds Direct Data Connection to Drillinginfo to Deliver Greater Efficiency for Production Engineers

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Nov 01, 2018, 11:00 ET

Quorum and Drillinginfo build connection to Direct Access data source within MOSAIC reserves and economics software to enhance mutual E&P customers' experience.

CALGARY, Alberta, Nov. 1, 2018 /PRNewswire/ -- Quorum Software, the leader in digital transformation for the oil and gas industry, announced new functionality in MOSAIC™, the industry's only all-in-one reserves management, economics, budgeting, capital planning, and decline analysis platform. The latest enhancement allows customers to quickly load monthly production data from Drillinginfo into MOSAIC, which reduces the effort required for data transfer and improves data confidence by ensuring that the data used for forecasting and comparison is from a system of record.

Drillinginfo, the leading energy SaaS and data analytics company, is dedicated to innovation and providing their customers with new ways to lead in their respective industries. To capitalize on this commitment, Quorum developed a direct link within MOSAIC to allow oil & gas production data from Drillinginfo to be imported with a single, easy configuration. At a time when E&P organizations are looking to deliver greater efficiency and accuracy, the connectivity between MOSAIC and Drillinginfo will help engineers spend more time analyzing and understanding wells, and less time managing data.

"We're pleased to work with Quorum to provide this essential connection for our customers," said Tanya Andrien, Senior Vice President, Strategic Development at Drillinginfo. "Drillinginfo's industry leading production data is a key element in the determination of economics, reserves, and ongoing performance management of upstream assets."

"Our team is committed to working with key partners to deliver insights for our customers," said Roy Queener, President of Quorum Canada. "The production data connection between MOSAIC and Drillinginfo enhances MOSAIC's position as the best system for core reserves, budgeting, and planning workflows. We see this link as a starting point and expect to continue working with Drillinginfo to provide additional solutions for our customers."

For more information on the MOSAIC Drillinginfo connection, available now in MOSAIC v2018, please contact us at www.quorumsoftware.com/contact. For more information about Quorum's complete platform of integrated solutions, visit www.quorumsoftware.com.

About Quorum Software
Quorum Software 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 natural gas processed 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.

About Drilling Info
Drillinginfo delivers business-critical insights to the energy, power, and commodities markets. Its state-of-the-art SaaS platform offers sophisticated technology, powerful analytics, and industry-leading data. Drillinginfo's solutions deliver value across upstream, midstream and downstream markets, empowering exploration and production (E&P), oilfield services, midstream, utilities, trading and risk, and capital markets companies to be more collaborative, efficient, and competitive. Drillinginfo delivers actionable intelligence over mobile, web, and desktop to analyze and reduce risk, conduct competitive benchmarking, and uncover market insights. Drillinginfo serves over 4,500 companies globally from its Austin, Texas, headquarters and has more than 900 employees. For more information visit drillinginfo.com.

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SOURCE Quorum