Keyera Selects Quorum TIPS as Production Accounting and Contract Management Solution

Share Article

Quorum Business Solutions, Inc. announces that Keyera Facilities Income Fund has selected Quorum TIPS software as its production accounting and contract management solution.

Quorum Business Solutions, Inc. (Quorum) a leading provider of software solutions for the oil & gas industry announces that Keyera Facilities Income Fund (TSX:KEY.UN; KEY.DB) has selected Quorum TIPS software as its production accounting and contract management solution. Keyera joins AltaGas and Pengrowth as the third Canadian installation of Quorum TIPS, North America’s leading complex allocations software solution.

As one of Canada’s largest midstream operators, Keyera's business consists of natural gas gathering and processing as well as the processing, transportation, storage and marketing of NGL and crude oil. Keyera’s aggregate processing capacity exceeds 1,600 mmcf/d. In addition, Keyera holds interests in over 2,200 kilometres of natural gas gathering pipelines and 12 field compressor stations.

“We selected Quorum TIPS over a number of commercial products because we believe it will handle the more complex gas allocations and billings while providing us better access to production accounting information,” says Laurie Scott, Manager of Gas Plant Accounting at Keyera. “In addition, Quorum’s deep domain expertise in midstream operations & accounting, track record of successful product delivery and its active User Group support helped solidify our decision.”

The implementation of Quorum TIPS, as well as the Quorum Query & Reporting Module is now underway with the project scheduled to be complete by September 2006.

About Quorum Business Solutions, Inc.

Quorum Business Solutions, Inc. is a product-centered consulting company that develops, implements, and supports a suite of business software solutions for the energy industry with a unique approach to providing a longer product life span. Founded in 1998, Quorum now has over 200 staff operating out of offices in Houston, Dallas, and Calgary. Quorum has over 45 clients, among which 25 Fortune 500 Companies are represented.

The Quorum Energy Software Suite is a set of integrated business applications designed for companies that produce, gather, transport, process and market oil, natural gas and other energy commodities. The inherent integration of the suite allows the products to work together to facilitate straight through processing from wellhead to burner tip. The Quorum Upstream Suite includes products for land & lease management, integrated mapping/GIS, production & revenue accounting, core financials (GL, AP, AR), cost accounting (JIB, AFE, FA), division order, volume management, and gas marketing. The Quorum Midstream Suite includes TIPS, the de facto industry standard solution for gas plant accounting, and products for measurement, division order & disbursements, gathering management, liquids marketing, and enterprise contract management. The Quorum Pipeline Suite includes products for pipeline transaction management, pipeline integrity management, and right-of-way management.

For more information, visit Quorum’s web site at http://www.qbsol.com or call 713-430-8601.

# # #

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Cameron Hsu