Quorum Business Solutions Launches New Oil & Gas Volumetric Data Management Software

Quorum Business Solutions, Inc. (Quorum) announces the introduction of its new Quorum Volume Management software, unveiling the energy industry’s first comprehensive volumetric data management application that combines traditional field data capture and oil and gas measurement capabilities with the data integrity of a centralized data repository.

Houston and Calgary (PRWEB) February 24, 2005 -- Quorum Business Solutions, Inc. (Quorum) announces the introduction of its new Quorum Volume Management software, unveiling the energy industry’s first comprehensive volumetric data management application that combines traditional field data capture and oil and gas measurement capabilities with the data integrity of a centralized data repository.

Designed to address all phases of the oil and gas volumetric data management process, Quorum Volume Management manages and validates all volume data, including oil, gas, water and other petroleum products. In addition, the software features data editing and recalculation, volumetric allocation, as well as the ability to accommodate and multiple units of measure. The architecture underlying the application supports multiple languages, web-based volumetric reporting and flexible and configurable data capture. Quorum Volume Management is an integrated component of the Quorum Energy Software Suite.

“We recognized a segment of the oil and gas market that is not being adequately served by traditional commercial software products”, says Roland Labuhn, Vice President of Quorum. “The release of Quorum Volume Management is significant for the oil and gas industry as it is the first solution of its kind to handle such a diverse range of functionality. Oil and gas companies are struggling to manage their volumetric data with a series of disjointed software tools.”

About Quorum Business Solutions, Inc.
Quorum Business Solutions, Inc. is a product-centered consulting company that designs, develops, implements, and supports business software solutions for the energy industry with a unique approach to providing a longer product life span. Founded in 1998, Quorum now has over 160 staff operating out of offices in Houston, Dallas, and Calgary. Represented among Quorum’s clients are over 20 Fortune 500 companies.
Quorum Energy Software Suite is a set of integrated business applications designed for companies that produce, gather, transport, process and market natural gas and other energy commodities. The inherent integration of the suite allows the products to work together to facilitate straight through processing from wellhead to burner tip.

The Quorum Upstream Suite includes products for land & lease management, integrated mapping/GIS, production & revenue accounting, core financials (GL, AP, AR), cost accounting (JIB, AFE, FA), division order, volume management, and gas marketing. The Quorum Midstream Suite includes TIPS, the de facto industry standard solution for gas plant accounting, and products for measurement, division order & disbursements, gathering management, liquids marketing, and enterprise contract management. The Quorum Pipeline Suite includes products for pipeline transaction management, pipeline integrity management, and right-of-way management.
For more information, visit Quorum’s web site at www.qbsol.com or call 713-430-8601.

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Source :  http://www.prweb.com/releases/2005/2/prweb211629.htm