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, Enertia, P2 Excalibur, P2 Merrick ProCount, OGsys, Drilling Info’s Open Invoice, Open Ticket and Owner Relations, Oracle (with Enterprise Upstream), Peloton (LandView, RigView, WellView, SiteView, ProdView) Quorum Upstream Suite, Red Dog (AFELink, EnergyLink, JIBLink), SAP, P2 (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.
ERP Upgrade Spanning Business Processes Across the Operations
When a large, independent E&P was faced with a major software upgrade that would span business processes across its operations, it reached out to Magnum Forge for help. We met the wide-ranging demands of project planning, including testing, training, and cutover activities related to the upgrade. Additionally, Magnum Forge ensured the completion of the rigorous audit documentation mandated by the company’s internal auditor and its public-accounting firm. Magnum Forge’s leadership allowed the company to focus on its core business during a period of economic challenges due to the plunging price of oil.
ERP Software Exploitation to Improve Business Processes and Build Upon Existing, but Unused, Functionality
Magnum Forge recently completed the second phase of a project for a mid-sized E&P company that was suffering from issues arising primarily from a rushed ERP implementation in 2013. The project helped the client better utilize their accounting software application and take advantage of unused functionality that was licensed but not set up during the implementation. Most importantly, the project helped change the mindset of the users across multiple accounting areas by encouraging them to proactively seek ways to partner with IT to improve their departments’ business processes and overall