WellPoint Systems Inc. (TSX-V:WPS) announces the Mobile Intelligent Dashboard for the iPhone/iPad as the first truly mobile Business Intelligence (BI) solution for the upstream oil and gas industry. EnerVest, Ltd. has purchased the Intelligent Dashboard solution for use in its key operational decision-making and predictive analytics.
The Mobile Intelligent Dashboard extends WellPoint System’s widely adopted BI tool, the Intelligent Dashboard, from the office computer to oilfields and beyond. For those executives who spend more time on the road than in the office, the iPhone/iPad display gives them timely, industry-critical information regardless of where or when they travel.
“As a flexible, acquisition-oriented development company, EnerVest needs to be able to make decisions quickly as new opportunities arise,” said Todd Guest, EnerVest vice president for accounting. “The bottom line for us is that the Intelligent Dashboard gives us the ability to see well profitability information instantly, on a real-time basis, to help us make decisions appropriately on acquisition or divestiture of assets. Most important, it does this without impeding or competing for resources in the live production system.”
Connecting critical information from diverse data sources across an exploration and production (E&P) company, the Intelligent Dashboard alerts executives to anomalies, predicts trends on organizational metrics, and enables more strategic decision-making. It places powerful analytical tools and key performance indicators (KPI’s) immediately into the hands of executives, operations personnel and anyone in the enterprise that needs to act on financial, lease and production activity and performance.
“Business Intelligence provides the insight that E&P executives need to maintain competitive advantage in the global market. WellPoint Systems provides the BI tools, the industry knowledge and the connectivity across disparate data sources to deliver the right information to the right people at the right time,” said Richard Slack, CEO of WellPoint Systems. “We are proud that a market-leading company with the operational complexity of EnerVest experiences the value in WellPoint’s Intelligent Dashboard, especially since they set the bar for many best practices in the upstream oil and gas industry.”
About WellPoint Systems Inc.
WellPoint Systems delivers software solutions and services that transform complex data into business insight for over 450 companies in 60 countries worldwide. WellPoint Systems is recognized as a leader in providing Financial, Energy Trading and Risk Management solutions to the Oil and Gas industry with its award winning BOLO, IDEAS, Energy Financial Management and Energy Broker products. The company also serves asset intensive industries including aerospace/aviation, process manufacturing, mining, the public sector and fleets with its DAXEAM Asset Management solutions. Calgary-based WellPoint Systems is publicly traded on the TSX Venture Exchange under the symbol WPS.
EnerVest, Ltd. (EnerVest) is serving as a manager of oil and gas assets for institutional investors. EnerVest was created to acquire, exploit, operate and manage oil and gas properties on the behalf of institutional investors. In March 2010, EnerVest acquired 3306 wells with proved reserves of 163 billion cubic feet equivalent (BCFE) in Ohio. Currently, the company operates more than 18,000 wells in 12 states: Arkansas, Colorado, Kansas, Louisiana, Michigan, New Mexico, New York, Ohio, Oklahoma, Pennsylvania, Texas and West Virginia. It is headquartered at Houston in Texas, US.
Lee Ann Fleming, 303-594-1750
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