MAGNUM FORGE COMPLETES SUCCESSFUL SOFTWARE INTEGRATION FOR TWO LARGE HOUSTON-BASED E&P COMPANIES

Magnum Forge is proud to announce a successful and on-time go-live for an acquisition integration project the company ran recently.

The client, a long-time Permian operator, acquired another Permian operator of comparable size that also had wells in other Texas plays. While acquisition projects are normally a matter of transferring data from one system to another, the client decided to use the acquisition to move from their legacy ERP solution to the one used by the acquired company, making the project more of a full software implementation. Data from both companies was loaded to a new version of the acquired company’s system, which required detailed conversion validation and testing.

In addition, the client needed to change multiple business processes, including a move from two-stream to three-stream production accounting and a new marketing agreement for much of their gas production that required numerous changes to how transportation fees were held in the system. The consolidation of the companies also meant that accounting and land functions were consolidated from two sites each into a single site, requiring systems and process training. Magnum Forge was responsible for financial accounting, operations accounting, and land processes covered by the software as well as overall project management.

The timeline for the project was extremely tight, with only four months from the deal’s close date to the target go-live date, and Magnum Forge was proud to be able to lead the project to a high-quality and timely completion to help the client achieve one of the key goals of the acquisition—G&A savings.

Magnum Forge’s IT project sponsor commented, “An impressive accomplishment, [especially with] having to pivot to a 100% remote work environment right as we were going into the critical phases of the integration. My hat goes off to this team; you have exceeded my expectations, and for that I am truly grateful.”

Visit us at www.magnumforge.com or call us at 713.206.8489 to learn more about our upstream oil and gas software services.