Major Denver Based Producer Selects W Energy Software
A major Denver-based oil & gas producer with extensive Wyoming acreage selected W Energy Software’s comprehensive, cloud-based upstream ERP solution—integrating accounting, land management, and regulatory reporting modules—to replace its 20-year-old legacy system and streamline complex workflows including revenue accounting, lease analysis, and state and federal tax reporting.
W Energy Software, a leader in upstream and midstream oil & gas ERP solutions, announced that a major Denver-based operator has chosen its software for upstream accounting, land management, and regulatory reporting. This decision followed a comprehensive evaluation of multiple oil & gas ERP vendors to replace the operator’s legacy system. Key reasons for selecting W Energy Software included its all-inclusive upstream ERP solution, which integrates accounting, land, and tax workflows, as well as its strong reputation for customer service. This announcement follows several recent customer wins, as more oil & gas producers transition from legacy ERP systems to W Energy Software’s unified, cloud-based solution.
The Denver-based producer, with significant acreage in Wyoming’s Powder River Basin, had used a legacy ERP system for over 20 years to manage core business functions such as accounting and revenue disbursement. However, the legacy system lacked support for land management workflows, forcing staff to use spreadsheets for routine lease analysis. Additionally, the complexity of government reporting in their areas of operation required efficient preparation of various state and federal regulatory reports.
To modernize its accounting, land management, and regulatory reporting workflows, the operator evaluated several leading oil & gas ERP providers. Ultimately, W Energy Software’s full Upstream ERP solution was selected. This unified suite of cloud-based business applications includes modules for:
- Revenue Accounting
- Accounts Receivable
- Accounts Payable
- Joint Interest Billing
- Fixed Assets
- Purchasing
- Contract Management
- Production Accounting
- Financial Accounting
The solution also offers modern Land and Division Order management, a State Tax module to streamline regulatory reporting, and an ONRR tax module for federal and tribal land reporting.
Reasons for selecting W Energy Software:
- Best-in-class upstream ERP technology and user experience across a unified database and integrated suite covering accounting, land, and tax/regulatory needs.
- Strong reputation for customer service and partnership to ensure business results.
- Fast and reliable processing of settlements and allocations, eliminating manual workarounds and enabling processes to be completed in minutes.
- The industry’s most comprehensive single platform, with modern cloud technology that reduces IT costs.
“We are honored to have been selected by our latest upstream customer as the ERP solution that will empower their entire business with modern accounting and land management technology. By entrusting their business data and financial results to our leading ERP technology, they will drive business performance even higher, accelerate complex accounting settlements, and prepare specialized state and federal reporting with a click. The rush to W Energy Software’s upstream ERP platform continues as producers seek greater performance and cost efficiencies which legacy software has failed to deliver.”
– Pete Waldroop, CEO of W Energy Software.
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