Crosstex Energy Selects Quorum NGL Marketing Software
Crosstex Energy, L.P. has selected Quorum Liquids Marketing software from Quorum Business Solutions to manage its commercial natural gas liquids (NGL) marketing activities.
Houston, TX (PRWEB) September 13, 2006 -- Quorum Business Solutions, Inc., a leading provider of software solutions for the oil and gas industry, announces that Crosstex Energy, L.P. (NASDAQ: XTEX) has selected Quorum Liquids Marketing software to manage its commercial natural gas liquids (NGL) marketing activities.
“We are pleased to expand our long-term working relationship with Quorum,” said William W. Davis, Crosstex Chief Financial Officer. “This is the second Quorum software product we have implemented this year. In May, we began using Quorum’s TIPS software, which has streamlined our gas-plant settlement and accounting process.
“We have great confidence in Quorum’s products and their ability to deliver well-run projects, on time and on budget,” Mr. Davis added. “We’re also pleased with the excellent customer support we’ve received from Quorum.”
Quorum Liquids Marketing is an integrated software solution that manages contracts, trades, settlements, credit and risk management, and accounting for NGL marketing. The software also tracks and manages physical and financial transactions while providing real-time position management and analysis for traders, schedulers and credit/risk managers.
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 has more than 250 employees with offices in Houston, Dallas and Calgary. Quorum has over 60 clients, including 25 Fortune 500 companies.
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.
For more information, visit Quorum’s web site at www.qbsol.com or call 713-430-8601.
About the Crosstex Energy Companies
Crosstex Energy, L.P., a midstream natural gas company headquartered in Dallas, operates over 5,000 miles of pipeline, twelve processing plants, four fractionators, and approximately 160 natural gas amine treating plants and 25 dew point control plants. Crosstex currently provides services for over 3.0 Bcf/day of natural gas, or approximately 6.0 percent of marketed U.S. daily production based on August 2005 Department of Energy data.
Crosstex Energy, Inc. owns the two percent general partner interest, a 42 percent limited partner interest, and the incentive distribution rights of Crosstex Energy, L.P.
Additional information about the Crosstex companies can be found at http://www.crosstexenergy.com
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