ERP News

Cloud-based ERP provides production insight to the shale industry

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Vaquero Midstream (Vaquero) builds and operates fully integrated midstream natural gas and crude oil systems across a wide range of US domestic shale production including in the Barnett, Eagle Ford, Haynesville and Permian basins. To deliver its midstream services Vaquero designs, builds and operates solutions which provide producers with ready to use options. An element of this includes multi-entity operations, capital project costing, and sophisticated purchasing controls based on Intacct’s cloud-based ERP system.

“By showing volume-related operational data on gas production during pre-determined phases alongside the associated revenue, Intacct makes it easy to determine which revenue is linked to a particular production month as opposed to the month when the accounting occurred. Additionally, in just one report, we can look at our produced volumes alongside monthly pricing references to get a clear picture of why our revenue is up or down.” (Sandra Fendley, chief accounting officer, Vaquero Midstream.)

Automated purchasing and reporting ensure efficiency

Vaquero’s objective is to create value for oil and gas producers. From the beginning, the company recognised the importance of best practices and future-ready processes to deliver all back-office functions. To support multiple legal entities – across capital project costing, inter-company transactions and sophisticated purchasing controls – Vaquero knew it needed powerful, flexible accounting software.

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