November 10, 2015
Matador Resources Company Selects Quorum to Ensure Processing Efficiency
HOUSTON – November 10, 2015 – Quorum, the industry leader in software for hydrocarbon and energy business management, is pleased to announce that Matador Resources Company, an independent exploration and production company, has selected Quorum’s leading gas plant accounting and gathering software (Quorum TIPS Gathering) as well as the energy management solution (Quorum Energy Marketing) to support expansion into the midstream oil and gas market.
By implementing Quorum, Matador will streamline operations through automating primary functions such as contracts, gas plant allocations, inventory management, gas settlement and invoicing, and accounting. The Quorum solution also includes full-featured, front-office to back-office energy marketing software to help Matador cost-effectively manage energy commodity operations.
Matador chose Quorum because of its history of success and extensive experience in providing software and services to the energy industry. “Gas plant allocations were new to us and Quorum’s knowledge, professionalism, and market presence really drove our decision to select Quorum over the competition,” said Cindy Smith, Matador’s Assistant Controller.
Learn more about the software that Matador is using by visiting Quorum’s solution overviews for Quorum TIPS and Quorum Energy Marketing. The leading gathering and processing transactional system in North America, Quorum TIPS is being used in more than 400 plants and 300 gathering systems and pipelines. More than 80% of total gas plant output in the United States is managed in Quorum TIPS. For more information about Quorum’s complete platform of integrated solutions, visit www.qbsol.com.
About Matador Resources Company
Matador is an independent energy company engaged in the exploration, development,production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its curren toperations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Permian (Delaware) Basin in Southeast New Mexico and West Texas. Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana and East Texas.
Quorum makes innovative software for hydrocarbon and energy business management. Our platform of integrated solutions is designed with deep industry expertise using next-generation technology. It delivers advanced functionality, improved efficiency, and enhanced regulatory compliance. And it is proven to maximize profit throughout the energy value chain to drive customer success. For more information, visit www.qbsol.com.