Lambda Selects W Energy Software
Lambda Energy Resources selected W Energy Software's Gas Gathering and Plant Processing modules for its cloud-based, cost-effective, and user-friendly ERP solutions to support expansion of its 75 MMcf/day Kalkaska gas processing plant, citing superior licensing terms, self-service reporting, and a unified platform that enables growth with a lean team while reflecting a broader industry shift away from legacy software vendors.
W Energy Software, a leader in upstream and midstream oil & gas SaaS ERP solutions, announced that Lambda Energy Resources (Lambda) has signed software licenses for its Gas Gathering and Plant Processing software modules. Lambda selected W Energy Software due to favorable licensing, self-service reporting, and a superior user experience. This selection continues a trend of midstream companies moving away from legacy software vendors, with W Energy Software now holding over 40% market share for plant processing.
“In order to grow our gathering operations, we needed broader functionality and cost containment than our plant accounting software vendor could provide.”
-Ben Gaw, VP of Information Technology, Lambda
Ben Gaw, Vice President of Information Technology at Lambda, stated that the company sought the right software at the right price to improve IT investment returns and business performance. Lambda operates the Kalkaska wet gas processing and fractionation plant in Michigan, with a capacity of 75 MMcf per day. As Lambda aimed to expand its gas gathering capacity through acquisition, it found that extending its existing plant accounting software was cost-prohibitive. Lambda wanted a cloud-based solution with modern technology, lower licensing fees, and a better user experience. W Energy Software was chosen to provide easy data access for gathering and plant accounting, enabling growth with a lean team.
Reasons for selecting W Energy Software include:
- Category-leading midstream solutions, continuous innovation, and superior service.
- Comprehensive and unified midstream ERP platform with a consistent user experience across gathering and plant processing workflows.
- Self-service reporting for quick access to data and KPIs across plants and gathering systems in one interface.
- Modern, cloud-optimized applications that reduce total cost of ownership and support scaling with a lean team.
Pete Waldroop, former CEO of W Energy Software, thanked Lambda for choosing their plant accounting and gathering solutions, emphasizing the immediate business value and ability to meet evolving operational needs. He noted that more than 20 recent replacements of legacy plant accounting software vendors have contributed to W Energy Software's accelerating market share growth in gas processing and other midstream segments.
“Our midstream and upstream winning streak adds incredible momentum as we head into W Energy Software’s annual user conference, WE CONNECT 2021, this week where clients from across the energy value chain come together to learn how we’re making even more possible through relentless innovation.”
-Pete Waldroop, Former CEO, W Energy Software
About W Energy Software
Headquartered in Tulsa, Oklahoma, W Energy Software offers the oil & gas industry’s only unified ERP solution built for the cloud, relied on by more than 130 upstream and midstream companies. The platform accelerates business performance, improves operational efficiency, and reduces costs. W Energy Software provides precision-built software in a cloud-based workspace, designed to eliminate data silos and the costs of maintaining multiple systems. The unified ERP platform tracks oil, gas, and NGL from the wellhead through transportation and marketing, helping companies stay lean, agile, and confident in their technology.
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