Sterling Energy Modernizes Plant Accounting with W Energy Software | W Energy Software
Summary
Sterling previously relied on a legacy commercial plant accounting product for allocating natural gas and NGL sales back to its processing facilities in order to calculate payments to producers. However, to verify that the commercial software was correctly netting back volumes the company also augmented production allocation with spreadsheets, adding time and complexity to the process. “There is a long-established plant accounting product in our industry that relies on vintage technology and outmoded pricing; it is failing to meet the modern needs of midstream companies and the market is voting with their feet,” he commented. Unlike other ERP software that loosely ties together a mix of legacy solutions and fragmented technologies, W Energy Software designed a unified upstream and midstream ERP platform to seamlessly track oil, gas, and NGL from the wellhead through transportation and marketing, eliminating data silos as well as the burden and costs of maintaining multiple systems. With W Energy Software, oil & gas companies stay lean and agile with the tools they need to adapt to market changes and meet evolving customer needs head on, all while gaining the confidence that their business is running on the latest technology.
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