EnergyIQ Announces Technology Alliance with IHS Markit

Partnership will create an efficient and fully integrated solution for today’s demanding upstream data management and data transfer challenges

Category:

Monday, April 3, 2017 11:39 am EDT

Dateline:

LITTLETON, Colo.
"With the IQexchange™ Adapter for IHS Kingdom®, customers will leverage existing technology investments, reduce error-prone activities related to finding and loading data, and empower teams with information certainty."

LITTLETON, Colo.--( BUSINESS WIRE )--EnergyIQ, a leading provider of E&P information management solutions that create information certainty, today announced they formed a technology alliance with business information provider IHS Markit (Nasdaq: INFO) to collaborate and build data connectivity solutions for the IHS Kingdom® geoscience suite of products. The integration with EnergyIQ™ products will enable the transfer of data between IHS Kingdom® and other application platforms, including EnergyIQ’s TDM, Openworks®, GeoGraphix®, ARIES® and more.

EnergyIQ’s IQexchange™ platform can synchronize and transform data between corporate applications used across the well lifecycle and geoscience interpretation. IQexchange™ provides real-time data routing and synchronization so customers always have the most complete and comprehensive information available in all of their critical applications. The technology alliance between EnergyIQ™ and IHS Markit will provide for the IHS Kingdom® geoscience suite to be supported as a core part of the next release.

According to Russell Roundtree, Vice President of Geoscience and Engineering at IHS Markit, “IHS Kingdom® and EnergyIQ™ integration will provide IHS Markit a leading-edge, complementary partner that will expand customers’ options for data transfer and automatic exchange of E&P data between key G&G applications.”

In addition to synchronizing geoscience application data, EnergyIQ’s Trusted Data Manager™ (TDM), can serve as a corporate well master, acting both as a consumer and producer of data for IQexchange™ connected applications. As a corporate well master, TDM provides a single trusted repository of critical well data used across the life of the well, and across all asset teams. TDM manages geoscience data like Well Logs, Directional Surveys, Production, Formations, etc. TDM can also master Well Lifecycle data from applications like ARIES®, WellView®, Quorum®, SAP® and many others.

“Integrating IHS Kingdom® with IQexchange™ from EnergyIQ™ offers a one-stop solution for customers to share and synchronize information across multiple applications, ensuring all users are making critical decisions based on the same high quality data,” said Steve Cooper, President and CEO at EnergyIQ™. “With the IQexchange™ Adapter for IHS Kingdom®, customers will leverage existing technology investments, reduce error-prone activities related to finding and loading data, and empower teams with information certainty.”

About EnergyIQ ( www.energyiq.info )

EnergyIQ’s E&P Solutions are designed, developed, tested, and proven to create confidence and restore trust in E&P data. End-to-end performance data across all assets allows E&P companies to have information-based decision certainty in real-time from individual wells to the overall business. With office locations in Littleton, CO, Houston, TX and Calgary, AB, EnergyIQ’s solutions allow customers to maximize information value, increase data integrity, and reduce spending.

About IHS Markit ( www.ihsmarkit.com )

IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 85 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.

IHS Markit is a registered trademark of IHS Markit Ltd. All other company and product names may be trademarks of their respective owners © 2017 IHS Markit Ltd. All rights reserved.

Contact:

IHS Markit
Dan Wilinsky, 303-397-2468
or
EnergyIQ
Mike Skeffington, 303-790-0919