Energies Media
  • Magazine
    • Digital Magazine
    • Digital Magazine Archive
  • Features
  • Upstream
  • Midstream
  • Downstream
  • Renewable
    • Solar
    • Wind
    • Hydrogen
    • Nuclear
  • People
  • Events
  • Advertise
  • Contact
No Result
View All Result
Energies Media
No Result
View All Result

Waterfield Energy Provides Full Upstream ERP Solution to WPX Energy

by Energies Media Staff
May 14, 2019
in News, Oil and Gas News, Press Release
Opting for a new solution as opposed to enduring a major upgrade, WPX Energy replaces over a dozen pieces of software with Waterfield Energy's Platform
Tungsten mega deposit

A Critical Mineral at a Critical Moment: The Importance of Restoring Domestic Tungsten Production in the U.S.

September 2, 2025
A Revolutionary Way to Understand Energy Customers

A Revolutionary Way to Understand Energy Customers

September 1, 2025

TULSA – WPX Energy has gone live on Waterfield Energy’s full Upstream ERP solution. Waterfield, the leading provider of advanced oil and gas software, was chosen by WPX to replace their former software platform.

“The development effort we were facing at WPX was large scale. We were looking to replace everything front-to-back for our whole financial system,” said Julie Mathis, Vice President of Operational Accounting for WPX.

“We started looking at all the usual suspects in the Upstream ERP world knowing that most of them had been out there forever and their technology reflected this,” said Mart Wenker, Director of Application Services for WPX. “When we were doing one of our acquisitions, a consultant involved in that project suggested we talk to Waterfield Energy.”

InventU

During initial discussions, Kevin Vann, Executive Vice President and CFO of WPX Energy, said he was relying on his IT team to let him know how strongly they felt Waterfield would perform.

“It quickly became clear that Waterfield Energy was more technologically advanced than what we were seeing from their competitors. The ease of use, the way things flow in the system and their cloud-based hosting really set them apart as the most qualified partner for this project,” said Wenker.

With WPX live on Waterfield’s platform, they have replaced over a dozen pieces of software and are looking forward to future implementations. “Waterfield has risen to every challenge, regardless of what we have thrown at them,” said Mathis.

“There has been a holistic value in partnering with WPX to enhance Waterfield’s Upstream ERP software. Our team was able to tap into WPX’s deep industry expertise during the design of some new modules and the enhancements of existing modules while maintaining a focus on a fully supported ‘industry-standard’ solution that can be used by all upstream companies,” said Pete Waldroop, CEO of Waterfield Energy.

“We went live with our Waterfield modules in January, February and March of 2019. You have the usual concerns as with any software implementation: Are we going to be able to close revenue? Are we going to be able to cut royalty checks and are they going to be correct? I’m happy to say that in some cases we weren’t just on time but we were a day early. You don’t ever hear that in a system implementation,” said Vann. “And after it’s all said and done, we’re running processes in literally fractions of the same time that we were running them in our old system.”

Opting for a new solution as opposed to enduring a major upgrade, WPX Energy replaces over a dozen pieces of software with Waterfield Energy’s Platform

Modules In Production

  • Revenue Accounting
  • Division Orders
  • ONRR
  • State Tax Reporting
  • State Royalty Reporting
  • Joint Interest Billing (JIB)
  • AFE
  • Purchasing
  • Materials Inventory
  • Fixed Assets
  • UOP Depletion
  • Labor Distribution
  • Accounts Payable
  • Sales & Use Tax
  • Accounts Receivable
  • General Ledger
  • Treasury

Modules Going Live in 2019

  • Land
  • GIS
  • Payouts
  • Purchasing/Marketing Contract Management
  • About Waterfield Energy

About Waterfield Energy

Waterfield Energy is the latest and most advanced solution in oil and gas accounting, operations and scheduling software. The company’s cloud-based fully-integrated software suite provides the best end-to-end solution in the market. Processing speeds 150 times faster than the next leading solution lead to huge gains in user time savings and operational efficiencies. Waterfield consistently exceeds expectations while setting performance benchmarks for the industry. Learn more at waterfieldenergysoftware.com.

Upstream Products

Full Upstream ERP | Land Management | Field Operations | Production Operations and more

Author Profile
Energies Media Staff
Website
Author Articles
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    Global Shale Oil and Gas Landscape Set for Growth Beyond US
    August 26, 2025
    Global Shale Oil and Gas Landscape Set for Growth Beyond US
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    E-Fuels
    August 13, 2025
    2nd Annual World E-Fuels Summit
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    What Happens to Solar and Wind Systems During Natural Disasters?
    August 6, 2025
    What Happens to Solar and Wind Systems During Natural Disasters?
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    ship on body of water at night
    August 1, 2025
    Industry leaders to speak at Wood Mackenzie’s Carbon Capture, Utilization and Storage Conference 2025
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    ROGII and NRGX Technologies Ltd. Partner to Deliver Seamless LAS Data Integration for Upstream Workflows
    July 31, 2025
    ROGII and NRGX Technologies Ltd. Partner to Deliver Seamless LAS Data Integration for Upstream Workflows
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    Europe Nuclear Energy & SMR Conference (ENES2025)
    July 31, 2025
    Europe Nuclear Energy & SMR Conference (ENES2025)
ADIPEC

In This Issue

Energies Media Summer 2025

ENERGIES Media (Summer 2025)


ENERGIES Cartoon (Summer 2025)


Why Energy Companies Need a CX Revolution


NeverNude Coveralls: A Practical Solution for Everyday Dignity


Moving Energy Across Space and Time


Meeting Emergency Preparedness and Response Criteria


The Hidden Value in Waste Oil: A Sustainable Solution for the Future


U.S. Oil Refineries Face Critical Capacity Test Amid Rising Demand


Bringing Safety Forward in Offshore Operations


How to Deploy Next-Gen Energy Savers Without Disrupting Operations


Dewey Follett Bartlett, Jr.: Tulsa’s Champion of Independents


Maximizing Clean Energy Tax Credits Under the Inflation Reduction Act


Energies Media Interactive Crossword Puzzle – Summer 2025


Letter from the Managing Editor (Summer 2025)

InventU
ADIPEC
  • Terms
  • Privacy

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • 3 Ways Technology is Going to Shape the Oil and Gas Industry
  • About Us
  • Advanced Technologies in Renewable Energy
  • Advertise
  • Cartoons
  • Case Studies in the Digital Transformation of Renewable Energy
  • Contact
  • Contributors
  • Digital Transformation Framework for Oil and Gas Operations
  • Digitalization and Smart Technologies in Oil and Gas
  • Digitalization and Smart Technologies in Renewable Energy Operations
  • Energies Digital Magazine
  • Energies Media
  • Energies Media Digital Magazine
  • Energies Media Magazine
  • Energies Media Magazine Archive
  • Energy Industry Events
  • Energy Markets Dashboard
  • Future Trends in Renewable Energy Technology
  • How Real-life Data Guides the Agility of Oil and Gas Companies
  • Navigating Careers in Oil and Gas
  • Navigating Careers in Renewable Energy
  • Newsletter
  • Oil & Gas Prices
  • Oilman Digital Magazine
  • Oilwoman Digital Magazine
  • Organizer Dashboard
    • Event Organizers
    • Submit Organizer Form
  • Press Releases
  • Prices & Marketcap
  • Privacy Policy
  • Puzzles
  • Quizes
  • Subscribe
  • Subscription Account
    • Access Restricted
    • Log In
    • Subscription Billing
    • Subscription Cancel
    • Subscription Checkout
    • Subscription Confirmation
    • Subscription Invoice
    • Subscription Levels
    • Your Profile
  • Team
  • Terms of Service
  • US Energy Media Kit
  • Venue Dashboard
    • Event Venues
    • Submit Venue Form
  • Webinars
  • Your Complete Guide to Essential Oil & Gas Industry Software

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.