Press Release

"PennEnergy Resources deploys Enerpact APX Solution
New AI Technology enables rapid APX deployment bringing immediate productivity gains at Penn Energy Resources"

Posted:-September 4th, 2019

Houston, Texas (September 4th, 2019) – Enerpact, a leading provider of software solutions for the upstream Oil & Gas industry, announced today that PennEnergy Resources, a Pittsburgh, PA independent oil and gas producer, has selected Enerpact APX, Enerpact’s electronic invoice processing solution, to manage and streamline their AP invoice approval workflow.

“We did an extensive review of all available AP Invoicing solutions on the market, and Enerpact APX, due to their Enertia knowledge, Customer Service, and easy to use solution was the obvious choice” said Kathy Mills of PennEnergy. “Enerpact was able to provide the best solution at the best price point, with superior functionality. In our pilot engagement, Enerpact ensured that they checked all of our boxes, leaving no stone unturned. We are excited about using Enerpact APX as it gives us all the productivity gains, we were looking for and more.”

Mark C. Lang CFO of PennEnergy noted that the Enerpact APX implementation has been seamless for the business, exceeding expectations. “Complete integration into Enertia enables uploading invoices for approval and automated weekly status updates to suppliers on routing & payment status of submitted invoices.”

Pradeep Deshpande, Enerpact CEO - “We are excited that PennEnergy chose Enerpact APX to manage their AP invoicing process. With every operator we add, we know the market confirms our vision and our solution. All APX components are developed by Enerpact under the priceless guidance of Accounting Leads like Kathy. We are poised to take a larger market share with innovation, unparalleled service, and no acquisition or third-party usage overhead to account for in our pricing.”

About Penn Energy Resources

PennEnergy Resources is a Pittsburgh based independent oil and gas company focused on the acquisition and development of unconventional shale resources in the Appalachian Basin. PennEnergy is committed to being a best in class shale development company that creates value for investors, stakeholders, employees and landowners through the safe and environmentally responsible development of unconventional resources.

About Enerpact

Enerpact is an E&P software company focused on providing Oil and Gas Operators with easy access to data across their systems for better decision making, and streamlining processes across the organization to drive efficiency, increase productivity, and reduce costs. Enerpact was founded in 2008.

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Media contact:
Jeremy Funk