Goodrich CPX

"Goodrich leverages Enerpact for Integrated Capital Planning"

Goodrich leverages Enerpact for Integrated Capital Planning

Posted:-May 25, 2017

Houston – (May 25, 2017) – Enerpact, a leading provider of software solutions for the upstream Oil & Gas industry, announced today that Goodrich Petroleum Corporation, an independent producer focused in the Haynesville shale play, has selected Enerpact’s Capital Planning, Budgeting, and Rig Scheduling software, Enerpact CPX, to enable them to better manage their corporate planning and budgeting processes, and to maximize capital efficiency and effectiveness.

Mark Ferbauch quote - along the lines of “Goodrich is investing in enabling its planners and decision makers to have better access to automated planning & decision making tools. Our existing process was manually intensive which always leads to delayed decision making. Changes in pricing and other inputs could take a day or more to produce updated results, and the organization was spending way too much time assimilating, inputting, and validating plan results, instead of focusing on analysis and decision making. Enerpact CPSX quickly moves Goodrich to the desired state.”

They will be replacing their former spreadsheet-based models with CPX, which will provide them with real-time access to forecast estimates, type curves, current production, cost information and multiple pricing decks, enabling them to greatly reduce the amount of manual data entry and validation, to quickly and easily model multiple ‘what if’ scenarios, and to do instant lookback reporting and monthly/quarterly reviews to track actuals against plan. CPX will allow planning team to more easily collaborate and track progress throughout the planning process, and ensure that critical input data from their core systems like Excalibur, Rimbase, ProCount, and PHDWin is up-to-date, accurate, and consistent across the entire organization.

Rusty Mondelli quote - “We felt that Enerpact CPX offered Goodrich the best value among comparable planning tools. In addition, through the course of our evaluation solutions on the market, Enerpact demonstrated a wealth of industry experience, understanding of key business processes as well as all our systems and our data. Replacing our legacy planning solution is the highest priority project mandated by our management. We believe Enerpact CPX will deliver the ROI we expect for our investment.”

Pradeep quote Pradeep quote – “We are excited that Goodrich has chosen Enerpact CPX software to address their Capital Planning and financial reporting needs. After a tough selection process, our data-centric approach and offerings including best measurement tools with live integration into Goodrich E&P systems proved compelling. We look forward to a close partnership with Goodrich as they forge ahead.”

About Goodrich

Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas. It primarily holds interests in the Haynesville Shale Trend in northwest Louisiana and East Texas; Tuscaloosa Marine Shale Trend located in southwest Mississippi and southeast Louisiana; and the Eagle Ford Shale Trend situated in South Texas. The company owns interests in 156 producing oil and natural gas wells located in 39 fields in 8 states of the United States. As of December 31, 2016, it had estimated proved reserves of approximately 303 billion cubic feet equivalent, which included 286 billion cubic feet of natural gas and 2.8 million barrels of crude oil or other liquid hydrocarbons of oil and condensate. The company was founded in 1995 and is based in Houston, Texas.

About Enerpact

Enerpact is an E&P software company established in 2008 focused on providing our clients with easy access to data across their systems for better decision making, and streamlining processes across the organization to drive efficiency, increase productivity, and reducing costs. We offer upstream companies like yours a better way to reach these goals.