New SaaS Offering Designed for Small and Mid-Sized E&P Companies Shortens the Deployment Time of Quorum's Proven Land Software to Days

HOUSTON, July 5, 2017 — (PRNewswire) — Quorum, the leader in digital transformation for the oil and gas industry, today launched myQuorum Land On Demand, combining its 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.

"By making land management systems simpler, quicker, and more efficient with cloud-based software, myQuorum Land On Demand can bring oil and gas companies of all sizes increased productivity, engagement, and savings," said Perry Turbes, president and CEO, Quorum. "myQuorum Land On Demand is yet another example of how Quorum continues to lead the digital transformation of the energy industry through mobile technology and the cloud."

According to Accenture and Microsoft's 2016 Oil and Gas Trends Survey, digital technology increases employee productivity by 59% and engagement by 40%. As a cloud-based software, myQuorum Land On Demand allows users to access the platform anytime, anywhere, from any device at a fraction of the cost of a traditional on-premises software implementation.

The product's ease of use is designed to help everyone in an exploration and production company, from accountants to geologists, make faster, smarter, more accurate decisions about land and lease management. Built on myQuorum, the oil and gas industry's first customizable, user experience platform, myQuorum Land On Demand streamlines and simplifies work for oil and gas professionals based on their roles. From basic land and lease management to integrated GIS and analytics, myQuorum Land On Demand can handle complex leases, adapt to business growth, and be implemented in a matter of days instead of weeks or months.

User Testimonials

"As a startup in the oil and gas industry, we needed the land system to be ready in time for our first acquisition. With Quorum, we were up and running quickly with land management and GIS." - Erin Pearcy, Land Administrator, Ameredev

"The software is very easy to use – I practically taught myself." - Chad Centorbi, Landman, White Rock Oil & Gas, LLC

Product Highlights

• Land Agreements: Manages leases, contracts, fee properties, right of ways, easements, and more.
• Lease Management: Manages payments, expirations, depths, obligations, terms, and other key data.
• Depth and Formation Management: Allows user to understand, manage, and report acreage position by specific depths and formations.
• Document Management: Increases efficiency with centralized file management to upload, attach, and retrieve files.
• Reporting: Allows user to generate and export reports for acreage, exhibits, expirations, and more.
• Optional Services: Accounting integration, data migration, additional training, and more.

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@edelman.com

 

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Contact:

Quorum Web: http://www.quorumsoftware.com