Actenum announces new scheduling software for upstream oil and gas operations

Wednesday, June 3, 2015

Actenum Corporation today announced the release of two products that enable upstream operators to continue the transformation of their well delivery and operational scheduling from a manual task into a productivity and profitability driver.

Intelligent scheduling for integrated operations

DSO/Upstream supports integrated operations scheduling by helping users to monitor, visualize, control, and optimize all activities in the upstream lifecycle. The latest release, version 5.0, contains numerous enhancements that address the evolving needs of operators across the entire well lifecycle. It can rapidly schedule hundreds of thousands of activities, consolidating all aspects of the upstream environment, including lease management, pad/facility construction, drilling, frac, water-management, tie-in and workover, into a master integrated operational schedule. This new release of DSO/Upstream delivers the performance and scalability necessary for scheduling the most demanding and time-sensitive operations.

With the most configurability of any product in its class, DSO/Upstream meets or exceeds the needs of even the largest conventional and unconventional upstream operators.

Collaboration for multiple scheduling teams and users

DSO/CX (Collaboration eXchange) extends the functionality of DSO/Upstream by providing a web-based platform that supports collaboration among work teams who depend on accurate and timely schedule information to achieve their business goals. This new product allows multiple users to easily access up-to-date schedules for every well delivery function in real time.

DSO/CX enables users to view up-to-the-minute schedules, provide input, and access reports anywhere and anytime—even from their mobile devices—to drive better business decisions.

Paul Maurer, Actenum's CEO, stated, “We continue to focus on scalability and performance to meet the evolving needs of the market—recognizing that operators are integrating more business functions and more activities into their operations planning workflow.” Maurer went on to say, “Our new products improve collaboration across departments for all team members who depend on effective scheduling to meet targets.”

“For years the Actenum team has been quietly revolutionizing the scheduling process for major oil and gas companies, transforming outdated spreadsheets and manual scheduling processes into a more responsive, intelligent, and collaborative workflow that can unlock tremendous shareholder value for clients,” noted Steve Munford, a member of the Board of Directors. “We are delighted that they have achieved these two important milestones and look forward to the next stage of this company’s evolution.”

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Actenum Corporation
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