HOUSTON, August 3, 2011 – Stonebridge today announced the development of a proven approach for creating an innovative master data management (MDM) solution that leverages core data from P2 Energy Solutions’ Excalibur®, BOLO® and Enterprise Essentials™. The Stonebridge solution enables upstream oil and gas companies to integrate well data, processes, workflow and reporting.
Stonebridge, a leading IT consulting firm for the oil and gas industry, has developed a proven methodology for extending P2 software’s inherent benefits in order to create MDM solutions for advanced business intelligence (BI) solutions such as executive key performance indicator (KPI) dashboards, mashups, spatial applications and visualization.
“Stonebridge has developed a proven, repeatable approach for creating MDM solutions that extend and enhance the inherent strengths of P2’s software solutions,” said Timothy Wadle, Director of Product Management for P2 Energy Solutions. “This allows upstream companies to gain even greater operational benefits from Excalibur, BOLO and Enterprise Essentials’ core well data through a single well information source.”
Many upstream oil and gas companies use P2 products as core applications that have become industry standard applications for accounting, financial and land management. In addition to P2’s solutions, companies typically rely on numerous “point solution” software packages to address the unique needs of the entire enterprise. This common industry scenario often results in a complex systems infrastructure with data residing in disparate locations. Users often pull data manually from these disparate locations into spreadsheets, Access® databases and other standalone tools for reporting purposes.
To address this business challenge, Stonebridge has developed a proven approach for creating innovative MDM solutions built on standard Excalibur deployment. Stonebridge’s MDM solution enables upstream companies to:
- Combine Excalibur core data with departmental data from daily field reports, reserves, regulatory, engineering and other functions;
- Incorporate Excalibur data throughout the entire mainstream organizationthrough workflow and other productivity-enhancing concepts, and;
- Establish a well data “gold standard” by leveraging Excalibur to increase confidence in well information
Matthew Childress, Stonebridge’s Senior Vice President, said “Our goal is to help upstream companies optimize their IT by extending the benefits of P2 products through enterprise MDM. The result enables organizations to integrate well data, processes, workflow and reporting in new ways and leverage P2 data as the single version of the truth – so that business users can quickly gather data they can trust, in a format that works best for them.”
About P2 Energy Solutions
P2 Energy Solutions is the only technology company that provides a comprehensive range of software, geospatial data, land management tools, and outsourcing, to the energy industry. More than 1,200 companies use P2 products and services daily to improve decision-making, gain clarity into complex workflow scenarios, and optimize upstream efficiency. P2 serves the entire energy sector – including hydrocarbon-sourced, as well as alternative-sourced energy, including solar, wind, hydro, and geothermal. With more than 80 years of experience in data and 30 years in software P2 operates from global headquarters in Denver, CO, has offices in eight additional locations, and employs nearly 700 people. For additional information, visit:www.p2energysolutions.com.
About Stonebridge
Stonebridge is an information technology consulting firm focused on helping organizations harness the power of their people, processes and technology. Our clients look to us as a strategic partner with a shared commitment to achieving their business objectives and maximizing their business performance. Founded in 1995 on a commitment to establishing high-value strategic alliances with our clients, Stonebridge has provided business solutions to organizations in all major industries, representing private, public, government, and non-profit entities. More info at www.sbconsulting.com.