Midstream
W Energy offers a comprehensive midstream business platform that integrates field operations, hydrocarbon measurement, and financial accounting—including plant and transportation accounting, right of way management, and automated contract, invoicing, and regulatory reporting—to streamline workflows, ensure compliance with industry regulations, and provide real-time operational and financial insights for midstream and first purchaser companies.
Streamline Your Midstream Business
From right of way management through gathering and processing, W Energy is a solution for Midstream and First Purchaser companies.
W Energy Has Your Midstream Operations Covered
Revolutionize your operations from field to finance with the energy platform and measurement integration with HighWire. Eliminate legacy system frustrations and gain real-time insights for both hydrocarbon measurement and operational accounting.
Plant Accounting
An all-in-one solution that manages gas processing, integrates operations, and supports forecasting and contracts for clear financial oversight.
Transportation Accounting
Streamline gas and liquid accounting with real-time insights. The solution enables quick and accurate invoicing, simplifies workflows, and provides open data access to power operations.
Land Right of Way
Tools to manage Right of Way efficiently. Track obligations and manage assets with precise planning and reporting.
eBook: Midstream Accounting
This eBook reviews the challenges of traditional accounting processes and the essential features to look for in midstream oil and gas software.
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W Energy has partnered with Agile Midstream Partners (AMP) to provide a modern Measurement solution for Midstream customers. More details are available in their press release.
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W Energy automates a wide range of tasks, including:
- Automated data entry and validation: Reduces manual input and eliminates errors.
- Automated contract management: Streamlines contract creation, tracking, approvals, and compliance.
- Automated invoicing and settlement: Accelerates revenue cycles and improves cash flow.
- Automated regulatory reporting generation: Saves time on manual data compilation.
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W Energy ensures compliance with industry-specific regulations, including:
- Specific Regulations (OGTR, IRS, State-specific): The system adapts to evolving regulatory requirements, providing audit trails and reporting tools for compliance.
- Environmental, Safety, and Regulatory (ESR) tracking: Tools to manage and track ESR data.
- Tax and royalty reporting: Features to simplify complex reporting requirements.
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W Energy provides real-time, granular volume tracking across the supply chain, from custody transfer to sales point. Complex allocation calculations are automated for accuracy and transparency, eliminating manual errors and saving time.
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W Energy offers flexible integration options, connecting with:
- Measurement: Integration with HighWire via partnership with AMP.
- Accounting and ERP systems (SAP, Oracle, NetSuite): Eliminates data silos and ensures data consistency.
- SCADA and field automation systems: Provides real-time data visibility and control.
- Financial trading platforms: Streamlines trading and settlement processes.
- GIS mapping systems: Visualizes asset locations and operational data.
- Transportation management systems: Improves logistics coordination.
- CRM systems: Streamlines customer relationship management.
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W Energy delivers powerful reporting capabilities, including:
- Real-time financial dashboards: Immediate insights into key performance indicators.
- Customizable financial reports: Tailored to specific business needs.
- Profit and loss analysis: Identifies areas for improvement and optimizes profitability.
- Revenue and expense tracking: Monitors financial performance and manages costs.
- Forecasting and budgeting tools: Enables proactive financial planning.
- Royalty and tax reporting.
Join hundreds of satisfied customers and experience streamlined operations and financial management.
Related
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.
Upstream vs Midstream Oil & Gas Software
The oil and gas industry is divided into upstream and midstream sectors with distinct software needs, where upstream focuses on exploration, drilling, production, and reservoir management to locate and extract hydrocarbons, requiring specialized software to ensure safety, compliance, and operational efficiency tailored to these initial extraction activities.
Midstream
W Energy’s Stream+ software platform provides fully integrated, purpose-built upstream and midstream oil and gas solutions—including accounting, land management, production, and field service operations—with real-time business intelligence via DataView™, enabling near-instant financial visibility, 150x faster processing speeds, and streamlined operations that customers praise for enhancing efficiency, auditability, and remote access.
Hart Energy IndustryVoice Interview: Pete Waldroop on Riding a Wave of Innovation
W Energy Software CEO Pete Waldroop highlights the industry's shift from costly, poorly integrated legacy oil & gas software to his company's modern, cloud-native SaaS ERP platform that serves the entire energy value chain with improved user experience, client-focused service, and rapid growth driven by upstream and midstream companies seeking better technology partnerships.
Transform Midstream Data with HighWire & Stream+
W Energy and Agile Midstream Products have partnered to integrate HighWire, a cloud-native, real-time measurement solution, with W Energy’s Stream+ platform, providing midstream oil and gas operators with an end-to-end, scalable, and automated system that enhances data accuracy, operational efficiency, financial clarity, regulatory compliance, and accelerates month-end close by seamlessly combining measurement, accounting, and reporting without client installs or Citrix.
Top 11 Benefits of W Energy for Accountants
W Energy offers specialized upstream and midstream accounting software for oil and gas accountants that alleviates the burdens of legacy systems by providing intuitive interfaces, fast processing, transparent calculations, integrated workflows, and advanced analytics through features like DataView™, thereby streamlining month-end settlements, reducing overtime, eliminating data silos, and enabling more efficient, high-value financial management.