TULSA, Okla., Jan. 23, 2020 – A leading U.S. oil and natural gas company has selected Stonebridge Consulting to provide day-to-day support of its Peloton SiteView and WellView application environments. The multi-year managed services agreement will reduce the administrative and maintenance costs of these mission-critical applications by 25%.
The company is one of the largest oil and gas producers in the nation, with operations in multiple onshore plays in the Lower 48.
Under the three-year SmartSource agreement, Stonebridge will provide around-the-clock application management support of WellView and SiteView. These services include expert-level support for field and back-office users, help desk, escalation management, vendor management and reporting. All services are governed by service level agreements defined by the client.
The managed services partnership with Stonebridge gives the operator a tangible competitive advantage in today’s tough economic environment, said Stonebridge Managing Director Mark Brannon.
“Immediate cost savings are definitely a key driver in the client’s decision to outsource its Peloton application environment,” said Brannon, who oversees the client relationship. “But they also selected Stonebridge because we bring a higher level of oil and gas know-how other MSPs do not possess—namely, proven industry expertise, direct experience with oil and gas business processes and dependencies, and expert-level knowledge of the commercial oil and gas software like the Peloton application suite.
“This long-term agreement is a clear win-win for our client,” he said. “Not only does it enable them to reduce monthly OPEX immediately. They also gain the ability to leverage the business and technical skills of Stonebridge resources who can help them drive operational excellence in the Peloton suite and beyond.”
WellView and SiteView from Peloton are industry-standard applications for upstream companies. WellView is a data management system for well planning, drilling, completion, testing and workovers. SiteView is an application for construction, reclamation, pipeline, facilities and water data management. Both are components of Peloton’s integrated well lifecycle analysis and visualization software suite.
The Peloton-focused agreement is aligned with Stonebridge’s SmartSource Managed Services offering. SmartSource provides a balanced mix of functional experts, tools and processes so that oil and gas companies achieve their business objectives faster, smarter and on budget. The SmartSource engagement model provides clients with complete control of their capacity solutions, and at far less cost of hiring FTEs. Features include:
- Day-to-day management of defined functions – Clients offload ongoing management of defined functions, enabling internal staff to focus on higher-value strategic projects.
- Outcome-based engagement model – Deliverables are built on an outcome-based engagement model based on a defined SLA to meet the client’s business goals.
- Blended team partnership – Stonebridge’s functional experts become part of the client’s team, providing hands-on technical support, and transferring insights and practical knowledge to staff.
- Best practices and standardization – Stonebridge establishes enterprise standards based on industry best practices, including IT change management, IT policies and governance, compliance and more.
According to Stonebridge Managing Director Trevor Hicks, who oversees the SmartSource offering, the economic challenges facing the oil and gas business today are pushing companies to seek more cost-effective solutions like managed services to support their internal applications and infrastructure. “As a managed services provider focused 100% on oil and gas, Stonebridge is able to provide tailored managed services solutions through our unique blend of industry and application expertise as well as by leveraging our strong relationships with key vendors,” Hicks said.
About Stonebridge Consulting, LLC
Stonebridge Consulting provides business advisory and technology services for next-gen oil and gas. We serve the oil and gas industry exclusively. Our industry expertise, proven methodologies, and extensive project IP and solution accelerators enable us to deliver projects faster, generating measurable improvements in operational efficiency and saving project time and costs by as much as 50 percent. More information about Stonebridge is available at www.sbconsulting.com.