Unite Oil and Gas Accounting Operations
Gain a single view into capital expenditures, partner transactions, royalty payments, and profitability activity across the entire energy value chain.
Rely on purpose-built accounting for energy companies.
Why use generic software when you can entrust your business to purpose-built accounting for energy companies? With 20 years of industry experience, Quorum understands your business like no one else.
Resources
Features
Unite operations with integrated, end-to-end energy accounting across the entire energy value chain.
Revenue Accounting
Automatically calculate
and distribute values, taxes, and adjustments to owners.
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Division Order
Maintain ownership within a property using the full title DOI and track changes over time with effective-dated history.
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Cost Accounting
Manage assets, capital expenditures, monitor and approve project budgets, track and bill partners, and view well profitability.
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Authorization for Expenditure
Prepare cost estimates,
approve AFEs, and
monitor project budgets.
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Joint Interest Billing
Monitor shared profits and expenses over the course of a project, and compile automated billing statements for partners.
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Financial Accounting
Integrate G/L, AP and AR with other accounting functions for a powerful combined single-source accounting solution.
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Reporting & Compliance
Generate built-in, ad hoc, or custom reports to view and present financial and regulatory data to stakeholders and other groups.
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Benefits
Calculate and control project costs from any device. Real-time budgeting and reports help you manage current and plan future projects and partnerships.
Discover why mobility matters to your business and see myQuorum AFE in action via an example scenario and brief demo.
Watch the webinarWe power it all with a purpose-built platform.
myQuorum is the industry-leading, cloud-based, software platform empowering companies to meet their long-term goals. It uses familiar Microsoft technologies; enables enterprise integration; drives faster deployment; and gives you access to clean, consistent, and consumable data; so you can:
Make decisions faster and confidently.
Collaborate more effectively.
Empower your users.
Lower your IT overhead.
Reduce workforce transition costs.
Enhance efficiency. Mitigate risk. Improve your bottom line.
From exploration to distribution, Quorum transforms every step of the energy value chain.
Start your company’s next evolution.
Talk to our sales team to explore why Quorum is right for your energy business.