Crowheart Energy Selects Quorum Software to Streamline Acquisition Processes and Implement Smart Search TechnologyDecember 13, 2021
Selects Cloud-Based DynamicDocs to Digitize Document Management
HOUSTON, December 13, 2021 – Quorum Software (Quorum), the global software leader dedicated to the energy industry, today announced that Crowheart Energy has selected cloud-based DynamicDocs to streamline acquisition processes, improve collaboration and provide company-wide access to all land, accounting and well files by digitizing document management.
Crowheart Energy was founded in 2017 to supply domestic energy safely and efficiently. The upstream oil and gas company is focused on the acquisition and development of operated assets in Wyoming’s Wamsutter Field, including 1.3 million acres and 3,500 operating wells. When they closed on this acquisition, they received more than a thousand boxes of paper and millions of files consisting of historical legacy information that needed to be digitized and organized, requiring a significant time investment.
“Prior to selecting DynamicDocs, our employees were spending a significant amount of time every day searching for land data information that was disorganized and unstructured,” said Armando Trevino, Vice President, Land at Crowheart Energy. “Now all of our data is available online for our team members to access whenever and wherever they need it, and it is searchable, saving our employees time that they can now use to focus on safe, efficient and environmentally sound development and management in our communities.”
Crowheart Energy selected DynamicDocs to gain from the following benefits:
- Accurate Document Classification: Uses business logic to identify keywords from files to label, organize and classify files. With client data sets being unique, the classification engine can learn these data sets and rules to improve the speed and accuracy of the categorization.
- “Smart Search” Technology: Locate information quickly, efficiently and accurately by narrowing search results to attributes, document tags or key phrases.
- Document Level Security: Enables document and information sharing with third parties for Acquisitions & Divestitures (A&D), owner relations, and joint ventures while reducing risk and decreasing file duplication.
- Streamline A&D Processes: Quickly classifies unstructured information received during acquisitions and makes the data fully searchable so new asset information can be on-boarded at least 30-60% faster compared to manual processes. When assets are ready for sale, “two click” security settings enable only select access to turn on your own smart virtual data room.
“Our vision is to connect the global energy ecosystem through cloud-first software, data standards and native integration to optimize how energy companies transact,” said Lindsey Herndon Goodgion, Executive Vice President, Americas Sales of Quorum Software. “Crowheart Energy brings this vision to life through their adoption of DynamicDocs, freeing their people from spending excessive time searching files to instead focus on more impactful business decisions.”
DynamicDocs reduces time looking for well information by 60%, speeds up onboarding of new asset information by 60% and reduces IT support requests by 20%.
Learn more about how Quorum’s oil and gas software helps companies like Crowheart Energy by visiting www.quorumsoftware.com/platform-overview/myquorum-dynamicdocs.
About Quorum Software
Quorum Software connects people and information across the energy value chain. Twenty years ago, we built the first software for gas plant accountants. Pipeline operators came next, followed by land administrators, pumpers, and planners. Since 1998, Quorum has helped thousands of energy workers with business workflows that optimize profitability and growth. Our vision for the future connects the global energy ecosystem through cloud-first software, data standards, and integration. The trusted source of decision-ready data for 1,800+ companies, Quorum Software makes the essential connections that let us work better together in the connected energy workplace. For more information, visit quorumsoftware.com.