Quorum Introduces Forecasting Module for TIPS Gas Plant Accounting

Industry’s First and Only Forecasting Application Specifically Designed for and Integrated With Quorum TIPS

HOUSTON--(EON: Enhanced Online News)--Quorum Business Solutions, Inc. (Quorum), a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces the release of Quorum’s gas plant accounting and allocation forecasting module, Quorum Forecasting. Quorum Forecasting is software to perform detailed forecasting of natural gas processing plant accounting for future months with the ability to compare against actual results.

“This is what has been developed with Quorum Forecasting. It provides Clients the means to improve accuracy and increase the level of detail associated with current and future month forecasting.”

“The best way to predict what TIPS will do next month is to leverage the existing TIPS application,” said Tate Greer, Director – Midstream and Transportation with Quorum. “This is what has been developed with Quorum Forecasting. It provides Clients the means to improve accuracy and increase the level of detail associated with current and future month forecasting.”

Quorum Forecasting is a modular solution for TIPS clients that allows for the prediction of current and future production month processing results using volume extrapolation algorithms and margin analysis tools to assist with both short-term and long-term forecasting. As a result, the forecasting module provides Clients greater control and a deeper understanding of their monthly gas plant forecasting process.

About Quorum Business Solutions, Inc.

Quorum Business Solutions, Inc. is a software and consulting solutions company that develops, implements, and supports a suite of business software solutions for the energy industry with a unique approach to providing a longer product life span. Founded in 1998, Quorum employs over 350 staff operating out of offices in Houston, Dallas, and Calgary. Quorum has ongoing relationships with over 100 clients, among which 25 Fortune 500 Companies are represented. Throughout its twelve year history, Quorum has successfully completed over 450 business and information technology projects.

The Quorum Energy Software Suite is a set of integrated business applications designed for companies that produce, gather, transport, process and market oil, natural gas, natural gas liquids, LNG, wind generation and other energy commodities. The inherent integration of the suite allows the products to work together to facilitate straight through processing of the full energy value chain.

For more information, visit Quorum’s web site at www.qbsol.com or call us at 713-430-8601.