Eastland Oil Selects W Energy’s Stream+ to Modernize and Streamline Operations
Eastland Oil Company has selected W Energy’s integrated cloud-based platform, Stream+, to modernize and streamline its upstream operations by enhancing financial reporting, consolidating accounting, land, and production data, automating approval workflows, and replacing manual spreadsheet processes to improve efficiency and operational transparency.
Eastland Oil Selects W Energy’s Stream+ to Modernize and Streamline Operations
W Energy, a leading provider of cloud-based software for the energy industry, announced that Eastland Oil Company, an independent oil and gas company, has selected W Energy’s integrated platform, Stream+, to manage its accounting, land, and production operations. This strategic move will enable Eastland Oil to enhance financial and reporting capabilities, streamline operations, and drive efficiency across its upstream business.
Eastland Oil, operating in the upstream sector, was seeking a comprehensive software solution to address several pain points, including the need for flexibility in its chart of accounts and more robust consolidated financial reporting capabilities. The company also aimed to streamline complex approval processes for AP invoices and revenue distribution, and to move away from manual, spreadsheet-based processes for production data capture and allocation.
"Partnering with W Energy marks a major step forward in how we manage and connect our operations," said Garrett Donnelly, Vice President at Eastland Oil. "W Energy’s integrated platform enhances our ability to coordinate accounting, land, and production data seamlessly — delivering more granular insights, improved efficiency across teams, and stronger, more transparent financial reporting."
“We are thrilled to welcome Eastland Oil to the W Energy family,” said Frank Fuda, VP of Sales at W Energy. “This partnership underscores our commitment to providing innovative, tailored solutions that meet the evolving needs of upstream oil and gas companies. We are confident that our field-to-finance platform will empower Eastland Oil to achieve its business goals and drive sustained growth.”
Eastland Oil’s decision to implement W Energy’s solution followed a careful and deliberate evaluation process. Key criteria for Eastland Oil included the robust functionality of the accounting, land, and production systems, the ability to customize the standard chart of accounts, and the accelerated time to value enabled by Catalyst Advantage, W Energy’s Upstream implementation methodology. With W Energy, Eastland Oil will gain access to a solution that provides comprehensive functionality for production data management and land management, the ability to handle intercompany transactions and revenue-related challenges, and robust joint interest billing (JIB) and division order (DO) management features.
About W Energy
W Energy, headquartered in Houston, Texas, is revolutionizing the oil and gas industry with a fully integrated, cloud-based software solution for upstream and midstream oil and gas companies. W Energy’s Stream+ software platform offers a fully integrated suite of Upstream modules covering accounting, land management, production, and field service operations, while midstream operators can access fully integrated plant accounting, pipeline accounting, and land management solutions. Countless energy professionals turn to W Energy to help their businesses adapt, grow, and become more profitable. As the energy industry evolves, so does W Energy; the company continuously refines its platform to empower today’s needs and tomorrow’s advancements.
About Eastland Oil
The Eastland Oil Company is a privately held exploration and production company with a history dating back over a century. The company originated as the A.M. Donnelly Drilling Company, which began in New York and conducted operations across Kansas, Oklahoma, and New Mexico. After drilling its first Texas wells in 1914 and discovering the pivotal Martin Field in Eastland County in 1921, the company incorporated as The Eastland Oil Company in 1922. With headquarters now located in Midland, Texas, the company is managed by the fourth generation of the founding family and operates over 60 wells in West Texas and Eastern New Mexico, drawing upon its team’s extensive experience in the Permian Basin. Website: http://eastlandoil.com
Media Contact Details
Sara Sims
W Energy Director of Marketing
Email: marketing@wenergysoftware.com
Related
The Future of Oil & Gas
The article discusses how oil and gas companies are transitioning from error-prone, manual, and disparate systems to integrated, seamless field-to-finance platforms that unify production, operations, accounting, and land management data into a single, automated system to improve efficiency, accuracy, and profitability.
How to Optimize Operations with Midstream Oil and Gas Software
Midstream oil and gas software like W Energy’s Stream+ platform optimizes operations by automating complex production allocations, centralizing contract management, accelerating revenue distribution, consolidating reporting, and replacing fragmented legacy systems with a cloud-native solution that enhances processing speed, transparency, and scalability for gathering, processing, and transportation companies.
Streamline Oil & Gas Accounting with W Energy
W Energy’s Stream+ Upstream Accounting software is an all-in-one platform for oil and gas upstream operations that integrates revenue, financial, joint interest billing, and division order accounting with features like transparent revenue calculations, visual chain of title mapping, user-configurable data uploads, and intelligent cost control to streamline monthly accounting, ensure compliance, and provide detailed financial insights.
Transforming Oil & Gas with Stream+
W Energy’s Stream+ platform revolutionizes oil and gas operations by unifying upstream and midstream workflows into a single connected environment that eliminates manual data handoffs, accelerates processing speeds up to 150 times faster than industry norms, and provides real-time visibility across all operational layers to overcome inefficiencies caused by legacy siloed systems.
Top Lessons for Improving Plant Accounting and Energy Back-Office Operations
The article highlights how outdated legacy plant accounting systems hinder energy controllers by forcing manual processes and costly workarounds amid increasingly complex upstream and midstream operations, and presents W Energy’s integrated platform as a solution that streamlines data entry, enhances connectivity, and enables faster, more accurate financial decision-making.
Revolutionize Your Oil & Gas Accounting
W Energy’s Stream+ software revolutionizes oil and gas accounting by addressing industry-specific challenges such as manual errors, legacy software inefficiencies, reporting difficulties, and lack of system transparency, thereby enabling accounting teams to improve data accuracy, speed processing, enhance regulatory compliance, and support strategic financial decision-making.