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P2 Energy Solutions Announces the Release of Enterprise Land(TM) 2.0

P2 Energy Solutions Announces the Release of Enterprise Land(TM) 2.0

HOUSTON, Oct. 11 /PRNewswire/ -- P2 Energy Solutions, the industry's leading provider of oil and gas software, is pleased to announce the release of Enterprise Land(TM) 2.0. Using the industry leading Tobin LandSuite of software as the basis for the new product, Enterprise Land redefines the way companies utilize software to manage their land assets.

Tarig Anani, president, P2 Energy Solutions commented, "it is very exciting for P2 Energy Solutions to be involved in the creation of such a radically new land management product. We anticipate that Enterprise Land will enable our customers to completely re-think how they are capturing, managing and distributing land asset information throughout their companies."

Mark Eikermann, senior vice president of development, P2 Energy solutions said, "Enterprise Land is the upstream industry's first application built for the enterprise completely using a services oriented architecture." Mr. Eikermann continues, "Enterprise Land allows independent oil and gas companies, of any size, to better meet the increasing demands of managing land assets. A project of this magnitude would not have been possible without the participation of our customers. Our clients' expert business process knowledge and design input in combination with our technical and product expertise has created a best-in-class product that meets the needs of our customers both now and for many years to come."

The Enterprise Land suite of applications takes full advantage of a Service Oriented Architecture (SOA). Because the modules are component-based and loosely coupled, customers gain tremendous flexibility in how functionality is configured, deployed, accessed and integrated with other applications. Along with users being able to call up pieces of functionality as a Web service, the solution offers user-level customization capabilities related to forms, fields, processes and validations as well as integrated workflow and alert capabilities; all while maintaining detailed audit trails.

The Enterprise Land suite consists of the following modules: Company Owned Lands, LeaseData, Contracts, Domain/Property, WellInfo, LeaseCost Imaging Gateway and Land DataMart. The suite comes equipped with embedded APIs to assist with data exchange and integration with internal and external data sources, special adaptors to SAP and standard integration with the Oracle eBusiness Suite and other P2 Energy Solutions products including Enterprise Upstream and the Tobin GIS Studio. The company plans to roll out an additional module early next year to assist with lease acquisitions and broker management and plans to add more international functionality in future releases.

The release of Enterprise Land 2.0 is the culmination of a collaborative and cooperative effort by some of P2 Energy Solutions' largest customers. The development project involved and continues to involve an advisory board made up of representatives from 13 major oil and gas companies plus six sponsor companies. P2 Energy Solutions would like to thank all of the companies for participating in the project.

About P2 Energy Solutions Inc.

P2 Energy Solutions focuses on the development and support of data, software and enterprise services to meet the information and business process needs of the energy industry. P2 Energy Solutions is the oil and gas industry's most comprehensive source of asset management solutions including Entelligent, Enterprise Upstream(TM), Excalibur, Qbyte, Enterprise Land(TM), Tobin GIS Studio(TM) and Tobin SuperBase(TM). With solutions deployed at more than 500 companies worldwide, P2 Energy Solutions enables clients to achieve greater productivity while maintaining effective controls. The company has an 80-year history of serving the oil and gas industry and understands its workflow processes. P2 Energy Solutions has the breadth and depth of expertise to meet the expanding financial, operational and data management needs of energy companies from private independents to supermajors. More information can be found at http://www.p2es.com/.

Contact: Eric Flynn Director of Marketing (713) 481-2000 eflynn@p2es.com

P2 Energy Solutions Inc.

CONTACT: Eric Flynn, Director of Marketing of P2 Energy Solutions Inc.,
+1-713-481-2000, eflynn@p2es.com

Web site: http://www.p2es.com/

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