Thriving in the Digital Oilfield Part 4: Cash Flow Consistency By Brad Hext, Information Technology Service Manager at Stonebridge Consulting Booking oil & gas revenue is just one side to an E&Ps financials, the other side is cost accounting and accruing for inbound expenses. If you are a CFO predictability is king. Yet overbudget...Read More
Thriving in the Digital Oilfield Part 3: Implementation Anxiety By Brad Hext, Information Technology Service Manager at Stonebridge Consulting Software is mission critical in the digital oilfield and with about 30 discrete business processes to cover at an oil & gas operating company, E&Ps need a lot of software. These systems and apps need...Read More
Thriving in the Digital Oilfield Part 2: Data Dilemma By Brad Hext, Information Technology Service Manager at Stonebridge Consulting Software-as-a-Service, or SaaS, has been transformative for oil & gas companies, enabling teams to reduce the total cost of owning (TCO) the software they need for E&P workflows (accounting, land, field operations, etc.) vs. on-premise...Read More
Thriving in the Digital Oilfield – Part 1: IT Mission Impossible By Brad Hext, Information Technology Service Manager at Stonebridge Consulting The digital oilfield didn’t happen overnight. Like a physical gathering system, the digital pipelines and software ecosystems that define the information landscape of most E&Ps have been built up over time. The result is...Read More
Oklahoma City, OK—Stonebridge Consulting, an operations optimization consultancy dedicated to the energy industry, today announced the addition of Karl R. Schmidt to its executive leadership team. An expert in the development and implementation of enterprise software solutions for public and private sector upstream oil and gas companies, Schmidt will help lead continuing development and sales...Read More
Oklahoma City, OK—Stonebridge Consulting, an operations optimization consultancy dedicated to the energy industry, today announced that it’s putting its money where its mouth is when it comes to saving oil & gas operators money. The firm is launching a holistic diesel fuel spend assessment program called FuelFilter. The assessment is engineered to deliver net savings...Read More
Two Cultures; one purpose: Tulsa, OK (April 27, 2021) – Stonebridge Consulting, a provider of end-to-end business and advisory technology services for next-gen energy customers, today announced a strategic partnership to sustain data accuracy and data management solutions in its premiere data management application suite, EnerHubTM . Stonebridge has partnered with Aunalytics, a leading data platform company...Read More
Acquisition doubles corporation capacity to deliver best-in-class enterprise tech solutions in Energy and beyond HOUSTON, Feb. 2, 2021 – Sierra Digital, Inc., Houston-based specialists in Digital Transformation, today announced a definitive agreement to acquire Stonebridge Consulting, a privately held business advisory and technology solutions provider to the Energy sector. Terms of the deal were undisclosed....Read More
Client Parsley Energy is an independent oil and natural gas company focused on the acquisition, development, exploration and production of unconventional oil and natural gas reserves in the Permian Basin. Problem Leadership of the accounting, supply chain, and operations departments at Parsley wanted better visibility into operational-spend trends in order to identify cost-reduction opportunities and...Read More
Challenge An oil & gas company faced a huge data problem impacting business operations: inconsistent data in common well attributes across multiple operational systems. The systems included well planning (Epex), production accounting (Enertia), geosciences ,(ArcGIS), drilling (Openwells), and reservoir (ARIES). To solve this challenge, the company had previously selected a Master Data Management (MDM) tool...Read More
