Range Resources Corporation selects Quorum Software to enhance, automate AFE workflows
Published by Jack Roscoe,
Editorial Assistant
Oilfield Technology,
Quorum Software (Quorum), has announced that Range Resources Corporation (NYSE: RRC), a natural gas and NGL producer, has selected leading capital and well lifecycle management platform Quorum Execute to improve AFE workflows by streamlining the data input process, and providing enhanced communication and transparency to all departments involved.
Range Resources is a leading U.S. independent natural gas producer and pioneer of the Marcellus Shale. It pursues an organic development strategy targeting high return, low-cost projects within its large inventory of low-risk drilling opportunities. Prior to implementing Quorum’s Execute application, the company’s legacy software had been in use for over 15 years, when it was inherited via an acquisition. Range Resources tapped Quorum to deliver a modern, intuitive system designed to meet the company’s demanding technical requirements and achieve business process efficiencies.
“Before partnering with Quorum, we faced several challenges to track our workflows,” said Chris Lehner, Senior IT Project Manager, Range Resources Corporation. “Since integrating Execute, we can rest assured knowing that our data will be accurate, our workflows are connected and clearly defined, and that we can track where our AFEs are at any point in their life cycle—ultimately cutting costs and saving valuable time.”
Execute is a capital and well lifecycle management platform for integrated AFE management, capital budgeting, operational scheduling, and well delivery. It brings capital management and tracking systems together while connecting operations with accounting teams for clear and transparent visibility into project spending.
“We are excited to partner with Range Resources and move them away from an outdated system to one that’s highly flexible, enabling their team to approve, track, and audit AFEs and budgets anytime, anywhere, and from any device,” said Tyson Greer, Chief Product Officer, Quorum Software.
Read the article online at: https://www.oilfieldtechnology.com/digital-oilfield/07082024/range-resources-corporation-selects-quorum-software-to-enhance-automate-afe-workflows/
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