Top 5 Takeaways From The Qnections 22 Conference

Top 5 Takeaways From The Qnections 22 Conference

Opportune LLP was proud to sponsor and attend the Qnections 22 event—in person (finally!)—on April 12-14 at the MGM Grand in Las Vegas. Principal Byrony Coan presented a panel discussion, titled “M&A/Data Extraction and Reporting”, while Coan and Director Kyle Blair co-presented on a panel, titled “Payouts”.

Focused on the theme of “Delivering Digital Advantage”, the event, organized by Quorum Software, offered content dedicated to the full energy ecosystem—from planning, reserves, and economics to hydrocarbon management, upstream operations for land accounting, production, midstream, marketing, pipeline, and LNG, and of course measurement. Attendees had more than 100 sessions to choose from, including panel discussions on topics like ESG and the energy transition, case studies, keynotes, and best practices.

In addition to those topics, below are some key takeaways from the Qnections 22 conference:

  1. Adjustment To Strengthening Commodity Pricing – Clients are balancing increased costs, but revenue right now is also increased. This is resulting in payouts occurring faster, which is making tracking a priority so that companies are accurately reflecting net revenue and production.
  2. Staffing & Strategic Deployment Of Capital – Beyond operational investments like expanding drilling programs, we’re seeing renewed interest in software upgrades and best practice reviews. Upgrades and best practice analysis provide companies a review of their systems use and business process and recommendations on what they can do to be more efficient.
  3. Regulatory Changes – Quorum is invested and committed to not only their ESG metric reporting but also software that can help their clients capture and report ESG metrics.
  4. Quorum Product Roadmaps – It’s apparent that ESG was at the forefront of discussion among panelists and attendees. It’s also clear that Quorum is investing in its products in response to the evolving ESG reporting standards.
  5. Catching Up In-Person (Finally!) – We enjoyed reconnecting with everyone face-to-face and the conversations about the changing work environment post-pandemic. We look forward to keeping in touch!

Technology touches every element of the energy industry. Opportune has deep and broad experience across the energy supply chain—from asset development and production to processing, transportation and markets. Due to our extensive energy industry experience, we take pride in our ability to improve E&P and first purchasers’ back-office processes through the implementation of best practices and modern cloud-based technology platforms, including Quorum, Enertia, Peloton, P2 Energy Solutions, and W Energy. Opportune brings expertise in M&A integration, land administration, field data management, operational accounting, revenue accounting, and both regulatory and financial reporting. For more information, CLICK HERE.

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