Executive Summary
Before Rockcliff Energy began operations, they knew operational information would be key to a successful company. In the past, their leadership had worked with multiple platforms for drilling, completion, AFE, production, and profit and loss reporting, and they wanted to avoid the cost of integrating that information into a central data warehouse. They implemented the Total Asset Manager suite as their oil and gas software solution prior to making their first acquisition.
The Challenges
They needed accurate data across departments, without entering it twice. This included data from producing wells, managing costs from the field, and reporting to management, partners, and government.
Rockcliff wanted one system that could handle all of it, and flex across different production, drilling, and completion scenarios.
The Solution
In December 2015, Rockcliff Energy prepared to begin operations by meeting with the Total Stream Systems team and designing their strategy for managing AFE, production, and drilling. With their first acquisition in February 2016, they were up and running within 6 weeks. Total Stream Systems extracted the necessary information from Field Direct and imported the well header information along with tanks, meters, and facilities.
“We have obtained greater utilization in each area, at a fraction of the cost by reducing license costs against a single application environment that is integrated from the start.”
Results
According to Alan Smith, CEO of Quantum Resources, "Your leadership and the team you have built have real engineering and operating experience which is so crucial in building a product that captures all the right information, but more importantly, Total Stream understands how that information gets utilized by engineers and technicians to make capital and expense decisions. This is reflected in how/where data is captured and how it gets presented to the end user. We have been very pleased with the latest version of Total Asset Manager™ and are utilizing it on our first acquisition in the Delaware basin. I am told that it is capturing the data we need to capture and we can get the information we need out of the system to run our business. So, we are off to a great start and look forward to utilizing the Total Stream platform as we significantly grow and put the remainder of our private equity to work over the next 2-4 years."
He went on to say, "I would also like to add that your price point for such a robust product is a huge selling point for small start-ups and companies that are very cost conscious regarding buying systems to run their business. This was important to us and I think it differentiated Total Stream Systems from the other products we considered."
