Noah Consulting and EnergyIQ form strategic alliance to deliver next generation E&P Well Header Data Management Solutions

21-Oct-2014

                                                                                                                                                                          

(Houston, TX and Littleton, CO) October 21, 2014 – Noah Consulting, a leading, award-winning provider of energy information management services, and EnergyIQ Inc., a leading provider of E&P data management solutions that enable companies to develop unconventional plays with less risk, today announced an expanded strategic alliance. The goal of the alliance is to broadly deliver next generation well master data management solutions that are designed specifically to address the needs of companies focused on developing unconventional plays with greater efficiency and effectiveness. The solutions will be delivered using EnergyIQ’s Trusted Data Manager (TDM) software suite and Noah Consulting’s information management services.

Through this alliance, the companies will collaborate from solution development through solution delivery. This includes process integration, implementation, and ongoing support.

Benefits to joint Noah Consulting and EnergyIQ Customers
• Enhanced functionality for creating a trusted well master data store that builds on the unique advantages currently delivered by EnergyIQ’s  TDM solution
• Industry best practices that draw on the expertise and experience of both companies working with customers focused on exploiting shale plays
• A complete solution that combines innovative software with best in class implementation and customer support
• Implementation of an advanced data management solution uniquely designed for exploiting unconventional plays by integrating data across the entire enterprise and well lifecycle
• Best in class consulting and implementation services delivered by Noah Consulting, a recognized leader in E&P data management

More than ever before, successful asset development is dependent on effective and efficient data management around the well and all its components. Oil and gas companies are increasingly requiring the capability to track information across the entire lifecycle of a well and provide data to business users in ways they need to consume it.

“The leadership and expertise Noah Consulting brings to an engagement are complementary to EnergyIQ’s TDM software,” said Steve Cooper, EnergyIQ CEO. “We’re excited about the value this expanded strategic alliance will deliver for our mutual customers as they look to more advanced well data management solutions focused on lifecycle management.”


A key challenge with creating and managing well header data is that it takes on a new meaning for each functional group that handles it in the enterprise. With so many people across the asset team touching, naming, storing and integrating well header data, it is hard to know what is correct. The need for a single version of truth becomes critical for efficient, productive, and safe operations.

Noah Consulting has a trusted MDM methodology for well header data, that when properly mastered, enables all upstream core processes ─ reserves reporting, drilling operations, integrated reservoir management, production optimization, field material management and maintenance, production revenue accounting, regulatory compliance, annual report and lease management.

“PPDM standards are a driving force behind Noah Consulting’s MDM methodology and EnergyIQ’s PPDM Gold Certified TDM software is designed to help turn our mutual client’s data into an asset that drives competitive advantage,” said Stewart Nelson, director and co-founder for Noah Consulting. “We are pleased to partner with EnergyIQ on a strategic level, from solution development through implementation, to empower E&P companies to gain more value from their subsurface data.”

For more information about the alliance, visit EnergyIQ at www.energyiq.info and Noah Consulting.


ABOUT NOAH CONSULTING
Founded in 2008, Noah Consulting is an award-winning leader in information management for energy companies. With a unique combination of industry knowledge and technical capabilities, Noah manages the greatest driver of decisions for the industry ─ data. Noah’s team has an average experience of over eighteen years, much of it working directly to help supermajors, mid-size independent and oilfield service companies shift their approach to managing the hordes of data accrued from several business functions across the enterprise. In all of North America, Noah partners with clients to plan, architect, create and deploy solutions to transform data into a valuable asset that empowers companies to make informed decisions multimillion conventional and unconventional investments. Noah has offices in Houston and Calgary, as well as projects in other global markets. Stay connected through the newsletter (subscribe here) and on LinkedIn, Facebook and Twitter.

ABOUT EnergyIQ
EnergyIQ delivers E&P Data Management Solutions that enable companies to exploit conventional and unconventional investments with less risk. The company’s Trusted Data Manager (TDM) application suite is PPDM-compliant, and gives exploration teams easy access to a trusted repository of comprehensive subsurface data through sophisticated web-based tools. With TDM, EnergyIQ customers gain an immediate competitive advantage by valuing, acquiring, and producing assets with greater certainty, speed, and collaboration. For more information, visit www.energyiq.info or call +1 (303) 790-0919.  

 

Media Contacts:
Stewart Nelson
Noah Consulting
1 (713) 353-3940

stewart.nelson@noah-consulting.com


Mike Skeffington
EnergyIQ
1 (303) 790-0919

mike.skeffington@energyiq.info

© 2014. Noah Consulting and EnergyIQ, Inc. All rights reserved. EnergyIQ and the EnergyIQ logo are registered trademarks of EnergyIQ, Inc. The Noah logo is a registered trademark of Noah Consulting. All other brand and product names are trademarks or registered trademarks of their respective holders.  



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