HOUSTON, TX--(Marketwired - Aug 23, 2016) - OFS Portal announced today that it has surpassed its 250^th Operator Agreement; White Rock Oil & Gas LLC, Lime Rock Resources Operating Company, MRC Global (US), RSP Permian LLC, Memorial Production Operating LLC, and Fleur de Lis Energy LLC each signed the OFS Portal Electronic Data Agreement, increasing the number of operators in the community to 256. Petrobids became the 33^rd approved network in the OFS Portal community by signing the RFx agreement.

"The growth in operators in the OFS Portal community directly correlates with the pressure to cut costs during this prolonged downturn in oil prices," said Chris Welsh, CEO, OFS Portal. "Increasing business efficiencies through a successful eCommerce deployment extends beyond just the operators. Suppliers are also looking into eCommerce as a primary way of cutting costs. We are leading the way in eCommerce adoption by providing OFS Portal Supplier Connect, an oil & gas Order to Cash solution."

The OFS Portal community implements global standards and industry best practices to reduce supply chain costs.

Key aspects of the OFS Portal agreement include the preservation of data ownership, confidentiality and the use of open and non-proprietary standards. Providing consistent and reliable protection of electronic data helps accelerate adoption of electronic commerce and thus helps more operators and suppliers achieve costs savings through electronic commerce. 

Suppliers in the oil & gas sector who are interested in taking advantage of the cost-cutting benefits of these supply chain improvements can contact OFS Portal at 832-681-7300 or learn more at www.ofs-portal.com.

Current OFS Portal members include: Baker Hughes, GE Oil & Gas, Halliburton, Schlumberger Oilfield Services, Select Energy Services, and Weatherford International.