About Us.

Announce-ments

MAGNUM FORGE HIRES MARK HENRY ATWOOD

HOUSTON, TX (July 14, 2021) Magnum Forge is pleased to announce that Mark Henry Atwood has joined the firm as a Consultant. Mark Henry is a technically proficient implementation lead for land software and a dedicated student of the upstream industry. He has substantial experience helping clients enhance the use of their software. Mark Henry comes to us from one of the E&P industry’s leading ERP software vendors, where he managed the design and installation process for several complex land implementations. He earned a B.S. in Petroleum Engineering with a focus on Mathematics from the University of Houston. We welcome Mark Henry to the firm and look forward to many prosperous years with him.

MAGNUM FORGE CLIENT FOCUSED IN THE ROCKIES GOES LIVE ON W ENERGY

HOUSTON, TX (June 30, 2021) Magnum Forge recently led a W Energy Software implementation for a client who focuses on properties in the Rockies. Our client was transitioning from a focus on acquiring assets to develop and sell to a focus on long-term development and production. This shift forced a hard look at their software landscape as the company ran their accounting, land, and production reporting on a mix of legacy systems.

The W Energy Software ERP Implementation allowed them to consolidate onto a more advanced platform built on updated technology. The company chose Magnum Forge to lead the implementation because of our extensive knowledge of upstream oil and gas and W Energy Software’s ERP. Our team managed all project activities, including system configuration, business process redesign, data conversion, testing, and security.

Given the client’s new direction, business processes needed to be redesigned alongside the software implementation. Magnum Forge used their in-depth industry knowledge and deep understanding of W Energy Software to help re-engineer business processes within the software and deliver much-improved process flow diagrams. The multiple sources of legacy data presented a challenge to the data conversion work. Still, Magnum’s experience with data conversion and the W Energy Software platform provided the required skill set to get quality data into the W Energy Software ERP on schedule.

“Our client immediately benefited from the move to a consolidated ERP solution with redesigned business process,” said Kramer Lucio, Senior Manager, Magnum Forge. “This successful project established a back-office foundation to propel our client forward in the current E&P environment.”

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

MAGNUM FORGE SPONSORS QUORUM SOFTWARE'S QNECTIONS 21

HOUSTON, TX (June 24, 2021) Magnum Forge looks forward to being a part of Quorum’s Qnections21. Qnections21 brings together Q users from across the energy value chain for three days of learning, networking, and innovation. We hope all Quorum users can take the time to join us. Attendance to Qnections online is free. See you in July.

MAGNUM FORGE HIRES JOSEPH PRICE

HOUSTON, TX (June 23, 2021) Magnum Forge is pleased to announce that Joseph Price has joined the firm as a Consultant. Joseph brings three years of technical experience working with a range of reporting solutions and SQL. He also has a year of experience working with one of the E&P industry’s leading ERP software vendors implementing workflow solutions across a wide range of modules. Joseph will start his career with Magnum Forge by helping a longtime client to optimize the use of their ERP software. We welcome Joseph to the firm and look forward to many successful years with him.

MAGNUM FORGE SPONSORS NAPAC

HOUSTON, TX (May 19, 2021) We look forward to seeing you tomorrow at NAPAC. Have a safe trip and please stop by our booth, say hello, and grab some chocolate. We look forward to catching up with each of you and hearing how 2021 is shaping up. We see a lot of new projects kicking off. I hope this is a good sign for all. https://lnkd.in/gJf98HG

MAGNUM FORGE ANNOUNCES THE KICKOFF OF A W ENERGY ERP IMPLEMENTATION FOR AN EXPLORATION AND PRODUCTION COMPANY FOCUSED IN THE PERMIAN BASIN

HOUSTON, TX (May 12, 2021) Magnum Forge has been selected to lead an ERP implementation for an upstream oil and gas company focused on acquiring, exploring, and developing oil and natural gas properties, primarily in the Permian Basin of West Texas. Magnum Forge will transition the company from multiple legacy systems to W Energy’s ERP, implementing 17 of W Energy’s accounting, production, land, and midstream modules.

The implementation kicked off on April 1, with a scheduled go-live of January 1, 2022. Magnum Forge’s team will oversee all and execute most project activities, including change management, system design and configuration, business process redesign, data cleansing and conversion, testing, and training.

The client has been using a mix of legacy software to manage their financial and operational activities. W Energy’s ERP software is a fully integrated upstream ERP platform that will eliminate data silos and reduce the cost of maintaining multiple systems. The new software will allow the client to consolidate Lease Administration, Division Order, Operational and Financial accounting into a single application hosted by W Energy on AWS’s cloud and supported by SOC-certified controls.

“As with most of our clients, this company is taking a hard look at G&A costs,” said Russell Corl, Manager Partner, Magnum Forge. “In addition to reducing IT costs and complexity, our work to redesign business processes will result in reduced back-office effort and allow our client to grow without significant headcount increases.”

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

MAGNUM FORGE KICKS OFF ASSET ACQUISITION PROJECT FOR PERMIAN BASIN OPERATOR

HOUSTON, TX (MAY 5, 2021) Magnum Forge announces the kick-off of a sizeable asset acquisition project for a Permian Basin operator. Our client acquired the new properties to strengthen their Midland Basin position. Magnum Forge is leading the effort to integrate the acquired properties into the Merrick ProCount Suite.

Over the next three months, Magnum Forge will focus on getting the acquired wells operational in our client’s software. Initially, our team will review the acquired company’s allocation servers, web servers, eVIN servers, and database servers to determine the ease and efficiency of extracting the necessary data. This review will ensure all work can successfully be completed in a tight timeframe and decide whether a software upgrade is possible within the project timeframe.

Following this first review, Magnum Forge will lead the data conversion, allocation testing, training, and cutover for the project.

“We are excited to support our client through this growth period,” said Russell Corl, Magnum Forge’s Managing Partner. “Our firm has deep skills with the Merrick ProCount Suite of products, giving us the added edge to guarantee all of our clients’ success.”

Magnum Forge is a recognized leader in the upstream oil and gas industry. Visit us at www.magnumforge.com to learn more.

MAGNUM FORGE LEADS W ENERGY IMPLEMENTATION FOR LAREDO PETROLEUM

HOUSTON, TX (APRIL 28, 2021) Magnum Forge is proud to lead this W Energy ERP implementation for Laredo Petroleum. Our team is onsite and driving overall project management, system design and configuration, process redesign, data cleansing and data conversion, testing, and training.

MAGNUM FORGE SPONSORS NAPAC 2021

HOUSTON, TX (APRIL 26, 2021) Magnum Forge hopes to see everyone at this year’s NAPAC – the North American Petroleum Accounting Conference on May 20-21, 2021, at the Westin Galleria in Dallas. Participants can earn up to 14 hours of CPE.

COPAS has taken all the steps necessary to keep us safe. It will be a great two days. Please stop by the Magnum Forge booth and say hello.

Key industry exhibitors will be present – live and virtually.

For detailed information, or to register, visit the conference website at https://lnkd.in/eSVZdcj

MAGNUM FORGE IS PLEASED TO ANNOUNCE THE PROMOTION OF CORY SIMPLEMAN TO MANAGER

HOUSTON, TX (MARCH 8, 2021) Magnum Forge is excited to announce Cory Simpleman has been promoted to Manager. Prior to this promotion, Cory led a W Energy implementation at a Denver-based company, writing data conversion scripts and managing data conversion validation for this project. Cory is currently assisting with another W Energy ERP implementation for a Denver-based upstream company. He is the functional lead for corporate accounting, including the GL, AP, AR, Treasury, Fixed Assets, and AFE modules.

This hard-earned promotion exemplifies Cory’s ability to deliver value to his clients and the firm consistently.

Cory joined Magnum Forge in April 2020. Before joining the firm, Cory worked for Blue Mountain Midstream and Quorum Software, bringing both the energy industry and upstream accounting software experience to the firm, including cost accounting, financial accounting, and business intelligence.

Cory graduated from Tulane University in 2016, where he received his Bachelor of Science in Engineering with a focus on chemical engineering.

Please join us in congratulating Cory Simpleman as he begins his role managing projects using best practices relating to ERP software applications and related applications for oil and gas clients.

MAGNUM FORGE SPONSORS THE 46TH ANNUAL HAP0L SKEET SHOOT

Magnum Forge Sponsors the 46th Annual HAPL Skeet Shoot

We look forward to seeing all Houston area Landmen on October 17th. Don’t forget to sign up. Shooter registration is limited. https://lnkd.in/eUAq9JQ

Clay pigeons beware!

MAGNUM FORGE IS THRILLED TO ANNOUNCE THE PROMOTION OF RYAN BIGGERSTAFF TO MANAGER

HOUSTON, TX (August 5, 2020) Magnum Forge is excited to announce Ryan Biggerstaff has been promoted to Manager. As a Consultant, Ryan worked across multiple functional areas, including accounts payable, accounts receivable, AFE, business associates, production accounting, division order, and treasury. This hard-earned promotion exemplifies Ryan’s ability to consistently deliver value to his clients and the firm.

Ryan joined Magnum Forge in October 2018. He has been involved in upstream oil and gas software since graduating from The University of Texas at Austin in 2016, where he received dual bachelor’s degrees in biochemistry and energy management. Ryan has a vast understanding of Enertia’s software, including its capabilities and its constraints, and has been instrumental in leading testing efforts for clients that are either upgrading or implementing Enertia for the first time.

During his time with Magnum Forge, he has worked with companies including Midstates Petroleum, Endeavor Energy, and Antero Resources.

Please join us in congratulating Ryan Biggerstaff as he begins his role managing projects using best practices relating to ERP software applications and related applications for oil and gas clients.

ASSET INTEGRATION: FOCUS ON IMPROVING PRODUCTION AND NOT CONFIRMING THE DATA

HOUSTON, TX (July 29, 2020) Whether you’re expanding into a new basin or acquiring contiguous acreage, the transaction will require considerations beyond due diligence and raising equity. TSAs are typically short and the pressure to get off the TSA and manage volume, accounting, and land processes is enormous. Rushing through the data integration can lead to years of problems with data and processes for the acquired properties.

Magnum Forge understands that integrating properties requires speed and a unique knowledge of the buyer’s and seller’s software. It’s key that you work with a team that understands production volumes, oil and gas accounting, and lease administration and has deep functional expertise in the software you use. We focus on the leading E&P ERPs, including Enertia, Quorum, P2, and W Energy. Talk to us prior to closing. Magnum Forge stands ready to load and validate key datasets required for processing, identify opportunities for data cleansing (e.g., wells, names and addresses), and diagnose process and training needs.

Call us today at 713-206-8489 or visit us at www.magnumforge.com. Exploration and production are your business. Let us help keep your team focused on making that happen.

MAGNUM FORGE IS THRILLED TO ANNOUNCE THE PROMOTION OF KENNETH WEST TO MANAGER

HOUSTON, TX (July 22, 2020) Magnum Forge is thrilled to announce the promotion of Kenneth West to Manager. As a Consultant, Kenneth worked on software implementation, asset integration, and software optimization project leading functional areas including lease administration, accounts payable, and AFE. This well-deserved promotion recognizes Kenneth’s notable contributions to the firm.

Kenneth joined Magnum Forge in January 2018. He has been involved in upstream oil and gas software, including Quorum, Enertia, and now W Energy, since graduating from Prairie View A&M University in 2014, where he received a Bachelor of Business Administration. His understanding of software applications and best practices used for accounting, volumes, and land, makes him invaluable to Magnum Forge and our clients.

During his time with Magnum Forge, he has worked with companies including Callon Petroleum, Hilcorp Energy, Blue Mountain Midstream, Crestone Peak Resources, and Endeavor Energy.

Please join us in congratulating Kenneth West as he begins his new role leading software projects.

DIGITAL TRANSFORMATION MAY BE A LOFTY GOAL FOR E&P COMPANIES STRUGGLING TO SURVIVE

HOUSTON, TX (July 17, 2020) Digital transformation is the “new buzz,” but for today, a digital tune-up is what most exploration and production companies need. Magnum Forge focuses exclusively on E&P companies. We understand that with sub-$50 oil, downsizing and deferring projects focused on operational efficiencies has become necessary to reduce costs. However, these savings are not sustainable, and the trade-off is detrimental to your surviving staff if business continues as usual.

E&P companies must consider automating more accounting functions to free up their teams for more value-added projects that require the human touch.

A digital strategy should be a priority. Machine learning and cognitive automation are in your future, but for today E&Ps can deliver faster and more accurate results by simply optimizing the applications you already own. Industry ERPs, including Enertia, Quorum, P2, and W Energy, have the technology to move your remaining employees from data collection and reporting duties to more strategic activities that increase productivity across the organization. Call us today at 713 206 8489 to discuss permanent cost reductions available using your existing ERP, land, or production accounting software.

MF SPONSORS QUORUM'S FIRST LIVE USER CONFERENCE

LIVE (June 23, 2020) Qnections LIVE kicks off today! We are a proud sponsor of this new virtual venue and we are looking forward to the 3-day event with company and product updates from the Quorum leadership team. There will be 10+ tracks tailored to your area of interest and packed with 50+ sessions by thought leaders, product experts, and customers.

PROJECT KICK-OFF ANNOUNCEMENT

HOUSTON, TX (June 2, 2020) Magnum Forge is pleased to announce the kick-off of an implementation of W Energy’s Upstream Oil & Gas ERP software for a Denver-based exploration and production company. Our client’s goals are to move to an updated software platform with significantly improved functionality and to redesign their business processes to improve productivity and streamline work efforts. Magnum Forge is managing the implementation and is responsible for all key aspects of the project, most importantly data conversion and process redesign. We look forward to a successful go-live early next year.

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

HOUSTON, TX (May 4, 2020) 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.

MAGNUM FORGE HIRES CORY SIMPLEMAN AS A CONSULTANT

HOUSTON, TX (April 4, 2020) Magnum Forge is pleased to announce that Cory Simpleman has joined the firm as a Consultant. Cory is a chemical engineer from Tulane University who brings both oil and gas industry and consulting experience to the firm. Cory managed multiple accounting software implementations during his time at Quorum Software. His areas of expertise include cost accounting, financial accounting, and business intelligence. He will be handling a multi-company ERP implementation project. We welcome Cory to the firm and look forward to many successful years with him.

OPTIMIZING THE LEASE ADMINISTRATION PROCESSES

HOUSTON, TX (March 1, 2020) Managing lease agreements and oil and gas contracts is hard enough, but it can be a miserable task if you are dealing with parts of it manually. Enertia, P2ES, Quorum, and W Energy all offer automation for lease administration processes, but it is up to you to optimize their applications to realize the value. Magnum Forge can maximize your investment by helping you take full advantage of your software’s functionality. We can help streamline land and lease administration processes, cleanse current or newly acquired property data and accurately map it in your system, and improve the accuracy of acreage reporting. Magnum Forge can ensure your team gets the real-time information they need to make better, faster, and more accurate decisions. You’ve got the software—let us help you capitalize on it.

MAGNUM FORGE HIRES KEITH CRAWFORD AS AN ANALYST

HOUSTON, TX (January 20, 2020) Magnum Forge is pleased to announce that Keith Crawford has joined the firm as an Analyst. Keith is a recent graduate of Rice University with a Master of Science in Subsurface Geoscience. Keith brings a deep body of knowledge in geology and geophysics to Magnum Forge through his advanced coursework in geoscience. He will begin work at a private E&P company and work with a team that is helping exploit additional functionality and improve business processes related to our client’s existing ERP software. We welcome Keith to the firm and look forward to many successful years together.

MAGNUM FORGE HIRES JOHN WITTMAN AS AN ANALYST

HOUSTON, TX (January 13, 2020) Magnum Forge is pleased to announce that John Wittman has joined the firm as an Analyst. John comes to us as a graduate of The University of Texas at Austin. John will join our Houston team and immediately roll onto a merger of two midsize upstream energy companies. He will initially focus on validating data from two legacy accounting systems that have been converted into a single integrated system. We welcome John to the firm and look forward to many successful years together.

MAGNUM FORGE HIRES MICHAEL FLECK AS AN ANALYST

HOUSTON, TX (January 6, 2020) Magnum Forge is pleased to announce our latest new hire. Welcome to the team, Michael Fleck. Michael joins Magnum Forge as an Analyst who will analyze client data and develop technical solutions to streamline business processes and integrate our clients’ existing applications. Michael writes code in a variety of languages that include Python, Java, MySQL, HTML5, and PHP. He works with both Windows and Linux. Michael will work across many of our client teams to aid in system integration and data transformation. We welcome Michael to the firm and look forward to many successful years together.

NEW CLIENT ANNOUNCEMENT

TULSA, OK (December 19, 2019) Magnum Forge is excited to kick off an upgrade of P2’s ProCount software for an independent energy company headquartered in Tulsa, Oklahoma. ProCount is a hydrocarbon accounting system that handles simple and complex allocation requirements globally, onshore and offshore, and in conventional and unconventional plays.

The upgrade will enhance the efficiency of the client’s current processes by integrating more automation and using the software to allocate volumes currently handled in spreadsheets. This will provide not only more transparency to production engineers and production accountants but also stronger audit credibility.

Magnum Forge brings experienced consultants with deep expertise in the areas of volume allocation and revenue accounting to clients’ projects. By using Magnum Forge, our clients get both the software and the business experience needed to improve project quality and reduce project execution time. Our Oklahoma client will see time savings for both its lease operators and production accounting staff who currently enter data and run allocations manually.

To discuss your ProCount needs, or for more information about similar projects, contact Russell Corl at 713.252.5028.

REMEMBER 2015? YOUR PROBLEMS ARE STILL HERE.

HOUSTON, TX (November 16, 2019) Memo to the VP of IT: Remember 2015? You started down the path to replace your old 1980’s ERP system with something newer and better? Something that would minimize manual, out-of-system calculations and make reporting much easier? Then oil dropped to $30 a barrel and that idea was shut-in. Well, oil’s now holding strong and the problems you had in 2015 haven’t gone away. 2020 is the year to make the move to improve business processes across accounting and land, make reporting easier and more reliable, and cut out most of the spreadsheets you’re using that make your auditor gasp. Maybe you’ll even consider moving to a vendor-hosted ERP to reduce G&A costs.

At Magnum Forge, we live and breathe ERP systems for upstream oil and gas. We install, upgrade, and maximize our clients’ use of software every day and we can help you as well. We have current comparative evaluations of the leading systems and can help you decide which system is best for you. Or, if you know what you want and need a stalwart business partner to help, we have current implementation experience in all the leading systems. Let us get you back on schedule.

MAGNUM FORGE HOSTS AN EVENING OF BOURBON AND CIGARS AT THE DENVER PETROLEUM CLUB AUGUST 22, 2019

DENVER, CO (August 22, 2019) Magnum Forge is excited to sponsor An Evening of Bourbon & Cigars hosted by the Denver Petroleum Club. Join us for a great night of tastings on the rooftop Sundeck of the Denver Athletic Club. Admission includes a tasting flight of bourbons, a cigar, a beverage ticket, appetizers, and a wonderful time with friends and colleagues in the energy industry. We hope you will join us!

CHOOSING NEW SOFTWARE? WE CAN HELP.

HOUSTON, TX (August 14, 2019) Are you considering a change in your upstream ERP or land software? We stay on top of the comparative functionality, technical platform, and customer support satisfaction of all the major E&P ERP offerings, including: SAP, Oracle, Enertia, P2’s Bolo and Excalibur, Quorum, and W Energy. Areas of focus included Corporate Accounting – general ledger, financial reporting, treasury, and fixed assets; Operations Accounting – production accounting, revenue distribution, JIB, AFE, depletion, division order, materials and inventory, payout, and gas balancing; and Non-Accounting Areas – lease administration, GIS/mapping, field data gathering, and contract management.

PRODUCTION ACCOUNTING SOFTWARE SHOULD MAKE YOU SMARTER. DOES YOURS?

HOUSTON, TX (August 10, 2019) Are you with an upstream exploration and production company that is struggling with well-level volume allocations, water movement tracking, downhole allocations across multiple regulatory zones, run ticket reconciliation, or field-to-allocation data integrity? Does your revenue accounting department use its own volumes to feed the revenue distribution process, instead of those produced by your production accounting application?

Magnum Forge helps professionals in operations, production accounting, revenue accounting, and enterprise application development who are frustrated by their production accounting software and want a proven partner to help restore confidence in their data. Magnum Forge can help cleanse existing production data, optimize or upgrade current software, or lead a full implementation of P2 ProCount, Quorum’s QRA, Waterfield Production Accounting, or SAP PRA.

Our team’s knowledge of the upstream industry and software applications used for well production and operations is a driving force behind our clients’ success. We take the time to understand the business requirements and then stand up your applications quickly and correctly, including process design, configuration, data conversion and validation, user acceptance, reporting, training, and integration with other systems.

Whether you operate 100 or 100,000 wells, we can give you the confidence you want in your production volumes and revenue accounting. Is it worth 10 minutes for a fact-finding conversation? If so, call Shanna Graves at 713.206.8489 or email sgraves@magnumforge.com to set up a call with one of our production accounting professionals.

MAGNUM FORGE SPONSORS THE 2019 DRILLINGINFO BUSINESS AUTOMATION USER CONFERENCE SEPTEMBER 11–13, 2019

SAN ANTONIO, TX (August 1, 2019) Magnum Forge is excited to sponsor the 2019 Drillinginfo Business Automation User Conference at the La Cantera Resort Resort & Spa in San Antonio, Texas. The event will feature OpenInvoice, OpenTicket, Data Exchange, and Owner Relations Management Services. Come join the entire community of operators, service providers, owners, banks, trusts, partners, and experts for an exciting few days of collaborative discussions and learning.

ERP SOFTWARE EXPLOITATION TO IMPROVE BUSINESS PROCESSES AND BUILD UPON EXISTING, BUT UNUSED, FUNCTIONALITY

HOUSTON, TX (June 13, 2019) 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 delivery. To learn more about this project and to find out how we can help you get more out of your software, please visit us at http://magnumforge.com/casestudies/1003/.

MAGNUM FORGE HIRES AUBURN YATES AS A SENIOR MANAGER

TULSA, OK (May 22, 2019) Auburn (Rubitsky) Yates joins Magnum Forge as a Senior Manager who is responsible for software in the areas of production operations including ad hoc support, documentation implementation projects for field data gathering, and production accounting. Auburn brings strong credentials in working with the Merrick ProCount Suite and other field data and production applications. We welcome Auburn to the firm and look forward to many successful years together.

IMPROVING YOUR REVENUE DISTRIBUTION PROCESS BY OPTIMIZING EXISITNG SOFTWARE FUNCTIONALITY

HOUSTON, TX (May 20, 2019) Is your month-end revenue distribution process consuming too much of your team’s time? Magnum Forge recently helped a client improve their processing revenue distribution by means of a more automated method in line with auditing standards simply by exploiting the existing functionality of their ERP system. Magnum Forge also helped the client realize industry best practices for revenue deck ownership setup and maintenance. To learn more, visit http://magnumforge.com/casestudies/improving-revenue-distribution-process-by-optimizing-exisitng-functionality/ to learn more about this project.

MAGNUM FORGE SPONSORS THE 2019 NORTH AMERICAN PETROLEUM ACCOUNTING CONFERENCE (NAPAC) MAY 16–17, 2019

DALLAS, TX (May 1, 2019) Magnum Forge is excited to sponsor the 2019 North American Petroleum Accounting Conference (NAPAC), which is being held May 16–17, 2019, in Dallas, Texas. NAPAC brings petroleum industry professionals together for two days of intense and important educational sessions enhanced by lively, productive discussions. Each year, NAPAC features topical general sessions and detailed, track-based concurrent technical sessions as well as annual reviews of important legislative updates. The conference provides access to outstanding industry-experienced speakers from both the government and private sectors and informative exhibits from leading industry vendors. This perennial favorite, considered by many to be the premier oil and gas industry accounting conference, has been running for more than 40 years and remains a very highly regarded and well-attended event. Don’t forget to register at www.copasofdallas.org. We will see you there.

MAGNUM FORGE SPONSORS THE 20th QNECTIONS ANNUAL CONFERENCE APRIL 23–25, 2019

LAS VEGAS, NV (April 15, 2019) Magnum Forge is excited to sponsor Qnections 2019. The event will be held April 23–25 at the MGM Grand in Las Vegas. Qnections 2019 is Quorum’s annual conference where over 500 key users and decision makers representing the business and IT across E&P and midstream sectors gather to exchange Quorum best practices and to learn from their industry peers and service providers. Don’t forget to register at www.quorumsoftware.com. We will see you there.

MAGNUM FORGE PROVIDES THE ASSIST; OUR CLIENT SCORES

HOUSTON, TX (April 3, 2019) Experience counts, and when a large, Houston-based, independent E&P company started aggressively acquiring properties during the downturn, the integration work began to surpass the capability of its internal staff. Aware of our expertise in asset integration, the company turned to Magnum Forge for the assist.

Magnum Forge loaded data from three large land acquisitions over a nine-month period. But the bigger assist came when we analyzed the GIS integration as part of the conversion. Our team identified inconsistencies in previous data loads and was asked to reload prior acquisitions to correct the errors. These corrections resulted in a faster and more complete data delivery and aligned the earlier acquisitions with the three land deals Magnum Forge had already loaded.

Through Magnum Forge’s extensive knowledge of the upstream industry and our focus on software applications used for accounting, volumes, land, and reserves, our client standardized its data across the multiple land deals, saving time and money for its accounting and land departments.

Magnum Forge has a recognized team of professionals focused on supporting upstream oil and gas organizations with asset acquisitions. We use best practices from our vast experience to help each client succeed. Let us introduce our services now so that when it’s time to make a change, you know who to call on for help.

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

MAGNUM FORGE SPONSORS WE CONNECT 2019 ON MAY 2–3, 2019

HOUSTON, TX (April 1, 2019) Magnum Forge is excited to sponsor WE Connect 2019 (formerly the Eighth Annual W Energy User Group meeting), which will be held May 2–3, 2019, in Austin, Texas.

Mark your calendars and spend a couple of days collaborating with W Energy vendors, employees, and customers and learn about upcoming innovations to the software and discover the features and functions that were added since the last meeting. The event is returning to the Hyatt Regency Lost Pines Resort & Spa, so plan to enjoy all that the resort has to offer while networking with and learning from colleagues, business associates, and W Energy team members. Stay tuned for more information. Don’t forget to register at www.WaterfieldEnergySoftware.com. We will see you there.

MAGNUM FORGE HIRES RYAN BIGGERSTAFF AS A CONSULTANT

HOUSTON, TX (November 26, 2018) Magnum Forge is pleased to announce that Ryan Biggerstaff has joined the firm as a Consultant. Ryan will focus on software upgrades and implementations for upstream clients. His experience with a leading upstream software provider will be a great benefit to Magnum Forge and our clients. We welcome Ryan to the firm and look forward to many successful years with him.

PRODUCTION ACCOUNTING SOLUTIONS

HOUSTON, TX (October 18, 2018) Are you with an upstream exploration and production company that is struggling with well-level volume allocations, water movement tracking, downhole allocations across multiple regulatory zones, run ticket reconciliation, or field-to-allocation data integrity? Does your revenue accounting department use its own volumes to feed the revenue distribution process, instead of those produced by your production accounting application?

MAGNUM FORGE SPONSORS THE 2018 OILDEX COMMUNITY CONFERENCE SEPTEMBER 17–19, 2018

PARK CITY, UT (September 1, 2018) Magnum Forge is excited to sponsor the 2018 Oildex Community Conference, which will be held September 17–19 in Park City, Utah. The conference will have the theme of “Driving Digital Innovation” and will bring together executive management, finance, supply chain, and operations professionals from a wide range of owners, operators, service providers, banks and trusts, ERP providers, industry associations, and experts from the United States and Canada for an exciting two and a half days of learning and collaborative discussions. Don’t forget to register at www.oildex.com. We will see you there.

Oildex is transforming the way the oil and gas industry connects, collaborates, and automates. More than 1,100 operators, 67,000 service providers, dozens of financial institutions, and millions of mineral rights owners use the Oildex network to seamlessly and securely collaborate with their business partners, automate critical business processes, eliminate the high cost and errors associated with the handling of paper, and obtain access to key data to make more informed business decisions. Oildex is headquartered in Denver and has offices in Calgary; Houston; Austin; Fayetteville, Arkansas; and Tennessee. Learn more about Oildex at https://www.oildex.com.

MAGNUM FORGE HIRES ASHLEY CROZIER AS AN ANALYST

DENVER, CO (April 30, 2018) Magnum Forge is pleased to announce that Ashley Crozier has joined the firm as an Analyst. Ashley brings experience in software and financial accounting for the oil and gas industry to the firm. She will join our Denver team and focus on improving efficiencies to ERP and accounting applications for Magnum Forge’s clients. We welcome Ashley to the firm and look forward to many successful years with her.

MAGNUM FORGE SPONSORS WE CONNECT 2018 ON MAY 10–11, 2018

HOUSTON, TX (April 1, 2018) Magnum Forge is excited to sponsor WE Connect 2018 (formerly the Seventh Annual W Energy User Group meeting), which will be held May 10–11, 2018, in Austin, Texas.

Mark your calendars and spend a couple of days collaborating with W Energy vendors, employees, and customers and learn about upcoming innovations to the software and discover the features and functions that were added since the last meeting. The event will be held at the Hyatt Regency Lost Pines Resort & Spa, so plan to enjoy all that the resort has to offer while networking with and learning from colleagues, business associates, and W Energy team members. Stay tuned for more information. Don’t forget to register at www.WaterfieldEnergySoftware.com. We will see you there.

MAGNUM FORGE SELECTED TO LEAD P2 MERRICK PROCOUNT SOFTWARE IMPLEMENTATION FOR CALIFORNIA’S LARGEST OIL AND NATURAL GAS PRODUCER

LOS ANGELES, CA (February 14, 2018) Magnum Forge, an upstream energy IT management consulting firm, has been selected by California’s largest oil and natural gas producer to implement P2 Merrick’s ProCount Suite. The project scope includes process design, system configuration, data conversion and validation, user acceptance, parallel testing, integration with other systems, reports, and training.

“As companies gear back up after the downturn, we’re seeing a lot of them updating systems to improve their view of daily production volumes,” said Russell Corl, Magnum Forge’s Managing Partner. “Our client is focused on more than doubling its portfolio over the next few years and we are excited to help prepare them for this anticipated growth.”

MAGNUM FORGE SELECTED TO LEAD ASSET INTEGRATION PROJECT FOR LARGE HOUSTON EXPLORATION AND PRODUCTION COMPANY

HOUSTON, TX (January 31, 2018) Magnum Forge, an upstream energy IT management consulting firm, has been selected by one of the largest privately held exploration and production companies in the United States to integrate the lease data from two large acquisitions. The company operates in North America and recently purchased acreage in Wyoming and Texas.

“We are proud to assist with our new client’s growth strategy,” said Russell Corl, Magnum Forge’s Managing Partner. “Magnum Forge was chosen to execute this project based on our deep experience with lease data and land systems, and our demonstrated ability to ensure that the data loaded is spot-on.”

MAGNUM FORGE HIRES KENNETH WEST AS A CONSULTANT

DALLAS, TX (January 15, 2018) Magnum Forge is pleased to announce that Kenneth West has joined the firm as a Consultant. Kenneth brings experience in software and financial accounting for the oil and gas industry to the firm. Kenneth will focus on improving efficiencies to ERP and accounting applications for Magnum Forge’s clients. We welcome Kenneth to the firm and look forward to many successful years with him.

MAGNUM FORGE SELECTED TO LEAD PROJECT TO STAND UP ALL ENTERPRISE SYSTEMS FOR OKLAHOMA CITY-BASED STARTUP

OKLAHOMA CITY, OK (January 10, 2018) Magnum Forge, an upstream energy IT management consulting firm, has been selected by an Oklahoma City-based exploration and production startup to manage a project for the rapid deployment of IT systems that will be used to run the company. The systems involved cover the full scope of upstream work, from G&G and engineering systems to production volume systems to accounting and land systems. The company recently acquired properties in one of the most viable plays in the country: the prolific Merge/SCOOP/STACK play in central Oklahoma. The project is under tight deadlines to stand up systems as transition service agreements expire.

“Magnum Forge has worked closely for years with many of the principal players in this new entity,” said Russell Corl, Magnum Forge’s Managing Partner. “We are honored to have been selected to support the new company and I’m confident that our experience with a broad range of systems and upstream business practices will be a significant help to our new client.”

MAGNUM FORGE SPONSORS THE 2017 OILDEX COMMUNITY CONFERENCE SEPTEMBER 27–29, 2017

AUSTIN, TX (September 1, 2017) Magnum Forge is excited to sponsor the 2017 Oildex Community Conference, which will be held at two beautiful locations this September, including the Four Seasons Hotel in Austin, Texas, from Wednesday, September 27 through Friday, September 29 and at the Rimrock Resort in Banff, Alberta, Canada, on Monday, September 11 and Tuesday, September 12. Don’t forget to register at www.oildex.com. We will see you there.

Oildex, a service of Transzap, Inc., is transforming the way oil and gas companies manage their financial operations. Over 250 operators, 61,000 suppliers, dozens of financial institutions, and millions of mineral rights owners in North America use the Oildex network to seamlessly and securely collaborate their financial supply chains, automate key business processes, eliminate the high cost and errors of paper, and obtain access to key data to make more informed business decisions. Oildex is privately held, backed by Accel-KKR, headquartered in Denver, Colorado, and has offices in Houston and Calgary. Learn more about Oildex at www.oildex.com.

MAGNUM FORGE COMPLETES IMPLEMENTATION OF WATERFIELD ENERGY’S NEW UPSTREAM ERP SOFTWARE AT HOUSTON-BASED OIL AND GAS COMPANY

HOUSTON, TX (July 10, 2017) Magnum Forge, an upstream energy IT management consulting firm, announces the successful implementation of Waterfield Energy’s full upstream ERP software suite at a Houston-based E&P company. The company, an industry-recognized leader in the development of shale oil and gas resources in North America, selected Waterfield’s upstream ERP application based primarily on the software company’s history of outstanding customer services and focus on the development of software best suited to serve the energy industry’s unique requirements.

The Houston-based oil and gas client chose to move to Waterfield’s ERP software suite upon completing a $1.24 billion acquisition of operated and non-operated upstream assets and operated midstream assets in the Marcellus Shale. Magnum Forge assisted with data conversion, system configuration, and project management. Waterfield Energy’s upstream ERP software includes Financial Accounting, JIB, Revenue Accounting & Production Accounting, Division Order, and Tax & Regulatory. The E&P company will also be running on Waterfield Energy’s midstream suite of products.

“Magnum Forge was pleased to work on one of Waterfield Energy’s first full implementations of the upstream suite,” said René Aguiluz, Magnum Forge’s Senior Manager and Alta Resources Project Leader. “Our team has deep knowledge in upstream and with Waterfield’s upstream software offering so we could work closely with the client to successfully deliver the best use of Waterfield’s upstream functionality in a short period and under the pressures of an acquisition.”

MAGNUM FORGE MANAGING PARTNER TO SPEAK AT THE 2017 NG OIL & GAS TECHNOLOGY US SUMMIT

AUSTIN, TX (June 19, 2017) Russell Corl, founder and managing partner of Magnum Forge, will again be a featured speaker at the NG Oil & Gas Technology US Summit June 19–21, 2017, at Omni Barton Creek Resort & Spa in Austin, Texas, and will discuss the upstream oil and gas ERP software market and how to get more bang for your buck during an upgrade.

The NG Oil & Gas Technology US Summit brings together senior decision makers and business leaders from across the petroleum industry to share experiences, discover new ideas, and discuss the hottest emerging technologies and solutions in the oil and gas sector. The summit looks at a number of key themes, including digital transformation, digital oilfields, and effective asset management; the changing impact of data and how best to harness it; and the growing influence of technology tools to manage and protect critical infrastructures.

Magnum Forge is a world-class consulting firm that offers project services to upstream oil and gas clients. Magnum Forge professionals share an in-depth knowledge of the most-used software in the upstream industry and bring this industry knowledge and technical expertise to its clients to improve business through technology. Magnum Forge’s offerings include software assessments and selection, business process improvement, software implementation (including ERP and related software packages), acquisition integration, and business intelligence/reporting.

MAGNUM FORGE SPONSORS THE 6TH ANNUAL W ENERGY USER CONFERENCE JUNE 15–16, 2017

HOUSTON, TX (May 1, 2017) Magnum Forge is excited to sponsor the Sixth Annual W Energy User Group Meeting, which will be held June 15–16, 2017, in Dallas, Texas.

Mark your calendars and spend a couple of days collaborating with W Energy vendors, employees, and customers and learn about upcoming innovations to the software and discover the features and functions that were added since the last meeting. The event is returning to the Hilton Dallas/Rockwall Lakefront, Rockwall, TX, so plan to enjoy all that the resort has to offer while networking with and learning from colleagues, business associates, and W Energy team members. Stay tuned for more information. Don’t forget to register at www.WaterfieldEnergySoftware.com. We will see you there.

MAGNUM FORGE COMPLETES IMPLEMENTATION OF ENERTIA ENERGY UPSTREAM ERP SOFTWARE AT TULSA-BASED OIL AND GAS COMPANY

TULSA, OK (February 3, 2017) Magnum Forge, an upstream energy IT management consulting firm, announces another successful implementation of Enertia’s upstream ERP software suite at a large Tulsa-based E&P company. The Tulsa company, a diversified energy company engaged in exploration and production of oil and natural gas, contract drilling of onshore oil and natural gas wells, and gathering and processing of natural gas, selected Enertia Software to help bring the energy company’s integrated operations together under one software to simplify reporting and processing and increase efficiency across the organization and to retire their AS400 solution.

Magnum Forge assisted with data conversion validation, system configuration, system and user acceptance testing, audit documentation, and project management. The client also relied heavily on our team to perform ad hoc training and business simulation exercises. Magnum Forge’s strong knowledge of upstream business processes helped to streamline design decisions and identify business scenarios relevant to the E&P company. Magnum Forge also designed and tested the security setup and worked with the company’s internal audit team to document key controls.

“This project presented many challenges due to the client’s size, complexity of operations, and decades of historical data to be converted,” said Zeshan Sharif, Magnum Forge’s Senior Manager and Project Lead. “Our team’s deep knowledge of upstream oil and gas allowed us to meet the client’s high standards for data quality, user training, and process design.”

MAGNUM FORGE NAMED TO CIO REVIEW’S 20 MOST PROMISING OIL AND GAS TECHNOLOGY SOLUTIONS PROVIDERS 2016

FREMONT, CA (September 25, 2016) Magnum Forge announced today that it has earned a place in the list of 20 Most Promising Oil & Gas Technology Solution Providers 2016 by CIOReview. “We are happy to announce Magnum Forge as one of the 20 Most Promising Oil and Gas Solution Providers 2016,” said Jeevan George, managing editor of CIOReview. “Magnum Forge receives recognition for its primary expertise in providing software packages that are designed especially for upstream oil and gas.”

IMPROVING BUSINESS THROUGH MAXIMIZING IT INVESTMENTS

HOUSTON, TX (September 22, 2016) Enterprise resource planning (ERP) software selection and implementation are a vital part of operations for most any business, including upstream oil and gas companies. And, with continued low oil and gas prices, most stakeholders are looking to maximize their IT investments. Many of these companies are turning to Magnum Forge, a market-leading ERP software consulting firm that offers IT project management services exclusively to upstream oil and gas clients.

MAGNUM FORGE SPONSORS THE 5TH ANNUAL W ENERGY USER CONFERENCE MAY 19–20, 2016

HOUSTON, TX (May 15, 2016) Magnum Forge is excited to sponsor the Fifth Annual W Ennergy User Group Meeting, which will be held May 19–20, 2016, in Dallas, Texas.

Join us for the Fifth Annual W Energy User Group Meeting! W Energy will offer an overview of their strategic direction and review cross-functional product enhancements made in the last year. We look forward to seeing you there! The event will be held at Hilton Dallas/Rockwall Lakefront, Rockwall, TX. Stay tuned for more information. Don’t forget to register at www.WaterfieldEnergySoftware.com.

MAGNUM FORGE MANAGING PARTNER TO SPEAK AT THE 2016 NG OIL & GAS TECHNOLOGY US SUMMIT

HOUSTON, TX (May 12, 2016) Russell Corl, founder and managing partner of Magnum Forge, will speak at the 2016 NG Oil & Gas Technology US Summit June 6–8, 2016, at Omni Barton Creek Resort & Spa in Austin, Texas, and discuss the upstream oil and gas ERP software market and how much is too much when selecting an ERP solution.

The summit’s program, Leveraging Innovative Technology to Improve Production and Lower Costs, brings together senior IT decision makers and business leaders from the oil and gas industry from across North America. The event aims to solve key business challenges facing the industry. This year’s event focuses on IT and security optimization, exploration technology, and bid data and analytics.

MAGNUM FORGE ANNOUNCES THE LAUNCH OF ITS NEW WEBSITE WITH AN EXPANDED FOCUS ON TALENT ACQUISITION

HOUSTON, TX (May 1, 2016) Today, Magnum Forge announced the launch of a newly redesigned website: www.magnumforge.com. The site’s refreshed look, combined with its enriched content, improved search functionality, and optimization for mobile devices, allows visitors to explore Magnum Forge’s expanded offerings thoroughly. Among the new features, the site showcases an enhanced recruiting page and offers more detail regarding Magnum Forge’s service capabilities, project involvement, and the technical experience of its professionals. Magnum Forge offers a wide range of services that includes software assessments and selection, software implementation, and business process improvement focused exclusively on the upstream oil and gas sector.

“Headquartered in The Energy Capital of the World, Magnum Forge is fortunate to be frequently faced with new opportunities to develop services and bring in new and exciting talent to assist,” says Russell Corl, founder and managing partner of Magnum Forge. “We are eager to offer this new website to promote our ever-evolving suite of services, showcase our talented professionals and continue to recruit top talent.”

Also, the website will soon feature interactive software assessment and selection tools, in-depth interviews with clients and Magnum Forge consultants, and industry training programs developed in conjunction with the Forge Foundation. The Forge Foundation is an internal training program developed by Magnum Forge senior management to ensure its professionals remain current on the upstream oil and gas industry. It features education regarding new exploration and production services, technology, and trends in the upstream oil and gas industry.

ABOUT US
Magnum Forge is a world-class consulting firm that offers project services to upstream oil and gas clients. Magnum Forge professionals share an in-depth knowledge of the most-used software in the upstream industry and bring this industry knowledge and technical expertise to its clients to improve business through technology. Magnum Forge’s offerings include software assessments and selection, business process improvement, software implementation (including ERP and related software packages), acquisition integration, and business intelligence/reporting.

Website design by The Business Lab, www.thebusinesslab.com, 281.374.0170, Kathy Ellis, kathy@thebusinesslab.com