The oil and gas industry is not known for creating and adapting innovative technology quickly. But with our highly digital world, this is changing, and W Energy saw that writing on the wall in 2009. This week’s episode of the Oil and Gas Accounting Podcast continues with a series that highlights different software being used in the industry and showcases what each one brings to the table for the professionals that it serves. This week’s guest is Pete Waldrop, CEO of W Energy Software. Pete discusses the challenges and changes the industry is facing today
and what W Energy is doing moving forward to expand their product, functionality and business.
Highlights:
2:24 W Energy’s current market share and what drives it
4:39 Why W Energy made the decision to make their technology cloud based back in 2009
6:21 W Energy’s midstream offerings
8:38 The three things that drive clients to W Energy
12:03 Keeping information secure
14:39 W Energy’s recent acquisition
18:09 The three reasons W Energy got into oil and gas and how they serve their customers
About Pete Waldrop:
With over 27 years of experience in software, consulting and the energy business, Pete has helped clients, such as ExxonMobil, Shell Oil, Anadarko Petroleum, Targa Resources and many others, design and implement better software solutions. Prior to joining our team in 2010, he served as a partner at Capitalize Consulting, was a founder and EVP at Quorum Business Solutions, and was the original developer for TIPS in 1992 while at Andersen Consulting — now Accenture. Pete holds a degree in electrical engineering from Oklahoma State University.
Connect with Pete:
www.wenergysoftware.com
About SherWare, Inc.
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SherWare creates software to simplify your accounting needs so you have more time to do the things that matter. We serve independent oil and gas operators, accountants and investors with a platform to manage their distributions and joint-interest billings on a platform -- and we’re the only software on the market that can integrate with your QuickBooks company.
Click here to watch a demo of the software in action right now.
About COPAS:
COPAS provides expertise for the oil and gas industry through the development of Model Form Accounting Procedures, publications, and education. We are a forum for the active exchange of ideas which result in innovative business and accounting solutions.