Houston, TX (PRWEB) September 19, 2007
Quorum Business Solutions, Inc. ("Quorum"), a leading provider of software solutions for the oil & gas industry, announces that Penn Virginia Corporation ("Penn Virginia") has completed implementation of Quorum Land Suite to manage its land and lease administration activities. The implementation project was completed in parallel, and fully integrated with SAP.
A member of the S&P SmallCap 600 Index, Penn Virginia Corporation (NYSE:PVA) is an independent natural gas and oil company that focuses on exploration, acquisition, development and production activities. It operates a geographically diverse asset base with core areas of operation in Appalachia, Mississippi, East Texas, the Mid-Continent, and the Gulf Coast regions of the United States. Penn Virginia Corporation is also the largest unit holder of Penn Virginia GP Holdings, L.P. (NYSE:PVG), the owner of the general partner and largest unit holder of Penn Virginia Resource Partners, L.P. (NYSE:PVR), a manager of coal properties and related assets and the operator of a midstream natural gas gathering and processing business.
"Penn Virginia chose Quorum Land Suite because of its ease of use, proven integration with SAP, and Quorum's proven track record for project implementation and support," says Gary Bailey, IT Director of Penn Virginia. "Further, because of Quorum's configurable design, Penn Virginia will be able to use the product to manage its coal business assets as well."
In addition to Quorum Land, Penn Virginia utilizes Quorum TIPS to manage its midstream accounting activities.
About Quorum Business Solutions, Inc.
Quorum Business Solutions, Inc. is a software and consulting solutions 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 over 300 staff operating out of offices in Houston, Dallas, and Calgary.
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. The Quorum Upstream Suite includes products for land & lease management, integrated mapping/GIS, production & revenue accounting, financials (GL, AP, AR), cost accounting (JIB, AFE, FA), division order, and gas marketing. The Quorum Midstream Suite includes TIPS, the de facto industry standard solution for gas plant accounting, PGAS, the leader in gas measurement software, gathering management, liquids marketing, and enterprise contract management. The Quorum Pipeline Suite includes products for pipeline transaction management, LNG transaction management, and right-of-way management.
For more information, visit Quorum's web site at http://www.qbsol.com or call us at 713-430-8601.
About Penn Virginia Corporation
Headquartered in Radnor, PA and a member of the S&P SmallCap 600 Index, Penn Virginia Corporation (NYSE:PVA) is an independent natural gas and oil company focused on the exploration, acquisition, development and production of reserves in five onshore regions of the U.S. PVA also owns approximately 82 percent of Penn Virginia GP Holdings, L.P. (NYSE:PVG), the owner of the general partner and the largest unit holder of Penn Virginia Resource Partners, L.P. (NYSE:PVR).