Hunt Petroleum Drills for Business Intelligence Using Information Builders
Oil and Gas Exploration and Production Investors Select WebFOCUS as Enterprise Reporting Tool
NEW YORK, NY--(Marketwire - October 1, 2007) - Information Builders, the leader in production
business intelligence (BI)
solutions, today announced that Hunt Petroleum Corporation, an
international oil and gas exploration and production company, has chosen
Information Builders WebFOCUS as its enterprise BI standard based on its
real-time reporting functionality, effortless dashboard management and data integration
capabilities.
With a rich history dating back almost 80 years, Hunt Petroleum conducts
drilling operations principally in Texas, Louisiana, Mississippi, North
Dakota, the Gulf of Mexico, and the Dutch sector of the North Sea. Hunt
currently employs close to 330 people, most located in the Dallas
headquarters.
As the company continued to grow in size, employees, and revenues,
reporting and integration issues began to surface. With financial,
production, reserves, and project-planning data stored in multiple,
disparate database systems, it became critically important to bring in a BI
solution that could pull data from all sources and integrate the results
within BI reports. In order to deliver information quickly and easily to
all employees, including all levels of management, Hunt plans to integrate
dashboard capabilities in WebFOCUS within its intranet portal.
"Generating our monthly AFE (authorization for expenditure) reports was a
6-hour activity due to the need to pull data from so many different sources
and then proceed with an Excel-based analysis," said Kevin Leaverton, chief
information officer of Hunt Petroleum. "With WebFOCUS, it now takes us two
minutes to access all the data and create this report, resulting in crucial
time-savings, as well as boosting overall productivity."
As with many oil and gas companies, Hunt Petroleum has to monitor each well
to achieve maximum production. While real-time systems provide instant
feedback on the operation of each well, WebFOCUS offers a sophisticated,
definitive solution for integrated reporting with historical production
data as well as financial and other well information. With real-time
monitoring and reporting capabilities, WebFOCUS instantly lets field
employees know which wells are experiencing problems, and therefore assists
them in prioritizing which ones need to be inspected first.
"Hunt Petroleum operates in the very competitive oil and gas market and
recognizes that standardizing on a business intelligence platform will help
it better manage its business," said Gerald Cohen, CEO of Information
Builders. "With pricing and supply continuously fluctuating in this space,
access to more timely and detailed data enables deeper insight into
opportunities, faster response to market changes, and more informed
decision-making."
About Hunt Petroleum
Hunt Petroleum Corporation is an exploration company producing oil and gas
principally in the United States and Gulf of Mexico.
About Information Builders
Information Builders' award-winning combination of business intelligence
and enterprise integration software has been providing innovative solutions
to more than 12,000 customers for the past 30 years. WebFOCUS is the
world's most widely utilized business intelligence platform. It provides
the security, scalability, and flexibility needed at every level of global
extended enterprises. Its simplicity helps create executive, analytical,
and operational applications that reach dozens to millions of users.
Information Builders subsidiary iWay Software provides state-of-the-art,
multi-purpose integration engines that address all SOA, application, data, and information management
requirements. Its integration adapters have been adopted by the leading
software platform providers. Together, these products give Information
Builders' customers the ability to live up to the company motto: "Your
business. No barriers."
Information Builders' award-winning technology has successfully provided
quality software and superior services to more than 12,000 customers,
including most of the Fortune 100 and U.S. federal government agencies.
Headquartered in New York City with 90 offices worldwide, the company
employs 1,500 people and has more than 350 business partners. For more
information visit www.informationbuilders.com.
Contact Information: Press Contacts:
Kathleen Moran
Information Builders
(212) 736-4433
Jennifer Moebius
Emerge PR
(617) 729-3183