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On-Demand Webinar: Chaparral Energy Speaks on Tracking and Controlling Costs in Oil and Gas Industry

Journyx Time and Expense Tracking Software Gives Chaparral Better Insight into Data

PRLog - Jun. 27, 2014 - AUSTIN, Texas -- Journyx today announces a free, on-demand webinar for oil and gas professionals that explains how time and expense software can help track and control costs at the source, provide insights on the spot and help to truly understand your project costs. The webinar features firsthand information from Mike Pearman of Chaparral Energy and can be viewed at any time here.

Chaparral uses Journyx as a database for time tracking, equipment utilization reporting and DOT reporting. Journyx project, time and equipment tracking software gives oil and gas companies the data needed to understand costs better at the source on a per-well basis.

“What Journyx offers is a means of organizing field operations data in a manner that allows us to feed data to other systems,” said Mike Pearman, Business Systems Analyst at Chaparral Energy, “Having the information organized in a database makes it much easier to report on usage versus just dollars which is what is usually available out of an accounting system. Better information means better decisions by management on how to best deploy our field assets, resulting in cost savings and a better return on our investments.”

A Journyx customer since early 2014, Chaparral Energy is a leading mid-continent oil and gas organization focused primarily in exploration and production operations.

“The Journyx system offers a unique competitive advantage to oil and gas companies, whether upstream or downstream,” said Curt Finch, CEO of Journyx. “Anyone who has a need to stop tracking time, expenses and equipment on paper, and seeks a solution that will offer a streamlined way to handle joint interest billing, will benefit from using Journyx.”

The webinar can be viewed here.




About Chaparral Energy

Founded in 1988 and headquartered in Oklahoma City, Chaparral is an independent oil and natural gas exploration and production company and one of the largest oil producers in the state of Oklahoma. The company has capitalized on its sustained success in the Mid-Continent area in recent years by expanding its holdings to become a leading player in the liquids-rich northern Oklahoma Mississippian and the oil-rich Panhandle Marmaton plays. Chaparral is also the third-largest CO2 Enhanced Oil Recovery (EOR) producer based on active projects. This position is underscored by its activity in the world-class North Burbank Unit in Osage County, Oklahoma, which is the largest oil recovery unit in the state.  Learn more about Chaparral Energy here.

About Journyx

Journyx is not your average software company. We strive to be relentlessly creative and to build tools that help you spend your time on things that matter. After all, time is all we have. Founded in 1996, Journyx offers customers two solutions to reach the highest levels of profitability: Journyx – project, time and expense tracking software – and Journyx PX – resource management software that provides work and financial forecasting for a complete picture of project and budget status, employee time and availability. Journyx has thousands of customers worldwide, including Chaparral Energy, Schlumberger, BP, Crate&Barrel, Big Brothers Big Sisters, Callaway Golf, Honeywell and many others. For more information, visit www.journyx.com/oil.

Media Contact
Whitney Wood Otstott
whitney@journyx.com

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Source:Journyx
City/Town:Austin - Texas - United States
Industry:Accounting, Energy, Technology
Tags:oil, Gas, PETROLEUM, cost tracking, time tracking, equipment tracking
Shortcut:prlog.org/12342270
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