Pandell Releases EANexus 2.3 With New Alberta Royalties
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 a premier software company that delivers industry specialized Software-as-a-Service solutions to 500+ energy companies in Canada, USA, and globally. Its web-based product suite helps finance, land, and operations teams effectively run their business; while its enterprise division builds and manages large-scale .NET web applications for organizations. Combining the strength of its industry experience, ground-breaking Lithium™ technology, and practical software subscription model, Pandell is Crafting the Future of Energy Software.