SOURCE: Information Builders

October 01, 2007 08:56 ET

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
    Email Contact

    Jennifer Moebius
    Emerge PR
    (617) 729-3183
    Email Contact