November 16, 2015
Quorum Sees Strong Midstream Momentum in a Competitive Market
HOUSTON, TX – November 16, 2015 – Quorum, the industry leader in software for hydrocarbon and energy business management, reports seeing strong end-of-year momentum for Quorum TIPS, the standard in transaction management for gas processing plants. With over 400 plants and 300 gathering systems and pipelines, Quorum TIPS manages over 80% of the gas processed in the United States. Even during a time of volatility in the U.S. commodities market, Quorum is experiencing ongoing success as a result of its breadth of technology as well as depth of industry knowledge.
From a foundation built over 20 years in the midstream oil and gas market, Quorum TIPS continues to lead the industry in innovation and customer success. Quorum plans to deliver a modern and responsive new user experience for gas plant accountants, the primary users of Quorum TIPS, at the company’s annual user group conference in March 2016
With a customer retention rate of over 95%, Quorum TIPS continues to be the recognized industry standard for managing operational and commercial transactions for natural gas processing plants. Quorum TIPS is attracting new and greater interest from midstream companies such as Navitas Midstream Partners that are looking at ways to increase operational efficiency and business agility. A producer-focused midstream company that provides a full slate of midstream services, Navitas relies on Quorum TIPS to manage its Midland Basin assets by providing automation and audit-ready functionality that ensure accurate contracts, scheduling, allocations, volume management, gas settlement and invoicing, and accounting.
To learn more about why companies like Navitas use Quorum TIPS for transaction management for gas processing plants, visit www.qbsol.com.
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.