Pandell Releases EANexus 2.3 With New Alberta Royalties

Nov 26 2008 | Product News

Calgary, AB – (November 26, 2008) Pandell Technology Corporation announced today that its economic evaluation software, EANexus 2.3, integrates the new transitional royalty calculations issued by the Alberta Government on November 19th, 2008.

Changes to the royalty framework could have a significant economic impact on oil and gas companies in Alberta. EANexus; an economic evaluation, budgeting and reserves reporting software, provides a vital tool for analyzing what that impact is. The release of EANexus 2.3 demonstrates Pandell's market leadership by responding immediately to changes in government royalties.

"We're constantly on top of changes to government royalties because our clients need immediate information about the economic impact on their businesses," says Ed Poth, Pandell’s Senior Product Manager. "We know our clients have come to expect this from us, and we’re glad to come through for them."

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Pandell is an industry leader in delivering Software-as-a-Service (SaaS) solutions to 500+ energy companies in Canada, the USA, and abroad. Our customers range from startups to major enterprises across energy sectors including oil & gas, pipelines, utilities, mining, and renewable energy. Our cloud-hosted product suite helps finance, land, and field operations run their business more effectively; while our enterprise division builds and manages large-scale web portal applications that facilitate work across organizations. Combining the strength of our industry experience, Lithium™ technology, and practical software subscription model, we are Crafting the Future of Energy Software.