Magnum Forge works with midsize upstream companies to large independents in the exploration and production industry. We lead successful ERP selections and implementations everyday in the upstream industry. Our experts specialize in multiple software applications including P2 BOLO, EMK3, Enertia, P2 Excalibur, P2 Merrick, OGsys, Oildex, Oracle (with Enterprise Upstream), Peloton (LandView, RigView, WellView, SiteView, ProdView) Quorum Upstream Suite, Red Dog (AFELink, EnergyLink, JIBLink), SAP, P2 Land (Tobin Enterprise Land), W Energy, and Wellcore.
Back-to-Back Rapid Acquisition Integration Projects
THE OPPORTUNITY In May 2021, Magnum Forge was in the middle of leading a W Energy Software ERP implementation when our client announced an acquisition of properties in their core area of the Permian Basin. The acquisition involved 112 operated wells, 90 non-operated wells, and 1,313 leases (1,984 total agreements). As part of the purchase … Continue reading "Back-to-Back Rapid Acquisition Integration
Business Process Improvement and ERP Integration Project
Integrating data and processes from an acquired company is complex and time-sensitive. Even when companies use the same ERP system, it is never a matter of simply running data from one company’s system to the other’s. Our client acquired two companies in rapid succession. Magnum Forge was hired to break down the complex task of bringing together the two companies’ processes and approaches, not just the data, so there was a single solution that leadership agreed upon before starting to use the integrated set of data.
E&P Acquisition Integration Project
In 2015, oil prices dropped dramatically forcing many energy companies to sell off assets. For companies with liquidity, the downturn provided an opportunity to acquire assets. Such aggregation programs often resulted in asset integration problems with acquiring company’s existing accounting and financial reporting tools. Magnum Forge was hired to bring a large number of wells online within 60 days while delivering new functionality to the client's existing software.