Laredo Petroleum Selects W Energy Software Upstream Erp
Laredo Petroleum has chosen W Energy Software’s cloud-based upstream SaaS ERP platform, integrating accounting and land management workflows, to drive digital transformation, operational efficiency, and scalable growth through a unified, continuously upgraded solution tailored for oil and gas companies.
W Energy Software, a leader in upstream and midstream oil & gas SaaS ERP solutions, announced that Laredo Petroleum has signed software licenses for its upstream accounting and land management suite of products. The top reasons for selecting W Energy Software include its reputation for customer service excellence, a unified upstream ERP platform built on the cloud spanning accounting and land workflows, and a true SaaS experience that provides Laredo Petroleum with an all-inclusive solution and continuous upgrades.
“Laredo Petroleum is committed to taking growth and shareholder value to the next level through digital transformation, automation, and a data-driven culture and W Energy Software is the technology partner we were looking for to deliver and sustain these changes into the future.”
-Brandon Brown, Vice President and CIO, Laredo Petroleum.
Brandon Brown, Vice President and CIO at Laredo Petroleum, stated that W Energy Software’s industry-wide reputation for partnering with clients to ensure long-term success, and the ability to bring disparate accounting and land systems together in a unified SaaS solution purpose-built for oil & gas companies, was very attractive to them.
Laredo Petroleum, headquartered in Tulsa, Oklahoma, is a publicly-traded energy company with primary operations in the Midland Basin, operating approximately 1,400 wells and holding 140,000 gross acres. As the company advances operational efficiency through digital innovation, it recognized the value of cloud-based ERP solutions, which offer scalability and high-performance computing to match its growth profile.
Laredo Petroleum selected W Energy Software’s full upstream SaaS ERP, which will provide a broad spectrum of integrated business applications. The new cloud-based ERP includes a comprehensive suite of accounting modules:
- Financial Accounting (AP, AR, financial statements)
- Revenue Accounting
- Joint Interest Billing (JIB)
- Fixed Assets
- Purchasing
- Authorization for Expenditure (AFE)
- Materials Inventory
The solution also provides next-generation Division Order, Lease Administration, and GIS capabilities. Additional modules licensed by Laredo Petroleum include W Energy Software’s Marketing solution and ONNR reporting.
Reasons for selecting W Energy Software over the competition include:
- Scalability of the platform to meet current needs and match operational complexity at any scale, supporting growth objectives.
- Category-leading upstream solutions, superior service, and a reputation for partnering with clients to ensure success, making it the clear choice over legacy software providers.
- Comprehensive, unified cloud-based ERP platform with a consistent user experience across financial, revenue accounting, and land workflows.
- Modern applications fully optimized for the cloud, reducing total cost of ownership and enabling companies to scale with a lean team.
Pete Waldroop, CEO of W Energy Software, stated: “We are honored to have been selected by Laredo Petroleum to empower their team with next-generation accounting and land solutions. W Energy Software has become the go-to ERP for digital innovators like Laredo Petroleum who seek the benefits of our best-in-class cloud-based solutions as well as the many advantages of a unified platform that delivers a consistent user experience and common dataset across upstream workflows.”
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 100 upstream and midstream companies to accelerate business performance, improve operational efficiency, and drive costs down. W Energy Software combines precision-built software in one extendable cloud-based workspace with an intimate understanding of the oil & gas business to deliver solutions that offer flexibility, affordability, and continuous upgrades. Unlike other ERP software that loosely ties together a mix of legacy solutions and fragmented technologies, W Energy Software designed a unified upstream and midstream ERP platform to seamlessly track oil, gas, and NGL from the wellhead through transportation and marketing, eliminating data silos as well as the burden and costs of maintaining multiple systems. With W Energy Software, oil & gas companies stay lean and agile with the tools they need to adapt to market changes and meet evolving customer needs, all while gaining the confidence that their business is running on the latest technology.
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