Pandell Readies New Version of PANexus™ for Early 2014 Release
Calgary, AB – (October 22, 2013) Pandell announces its production accounting software, PANexus Version 4.1, is in the final testing stages and is on track to release during the first quarter of 2014. The release will include two new features specifically designed to increase user efficiency and support EPAP and other auditing requirements.
The introduction of a Dynamic Gas Allocation Engine will enable PANexus users to handle swing gas with no work-arounds, and as a result, improve their reporting for fuel flare vent and shrinkage. The new system’s data forms have been reformatted to align with common field data capture templates. This will support more seamless data entry and auditing. Version 4.1 will also include an enhanced Automatic Forecasting Module. The improved module will enable forecasts to be automatically generated from historical data, which will significantly reduce clerical obligations and errors.
“Adding industry-leading functionality to PANexus is one of our highest priorities for 2014 and with version 4.1 releasing in the early part of the year, that strategy is already taking shape,” says Victoria Young, PANexus Product Manager. “The response to version 4.1 by our early beta testing clients has been extremely positive, so we’re looking forward to delivering its added value to all of our PANexus clients.”
PANexus is a modern production accounting solution for oil and gas companies. It’s widely used by junior and intermediate E&P companies because of its remote-user convenience, automated government reporting, full data integration with JVNexus, and personalized support. PANexus is available from Pandell for one low subscription-based monthly fee, as part of an affordable back-office bundled software suite, or paired with Pandell’s temporary to full-time production accounting services. Request a PANexus demonstration by calling 403-271-0701 or visiting www.panexus.ca.
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Pandell is a 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 the energy sector including upstream oil & gas, midstream facilities, oilfield services, land brokers, pipelines, utilities, mining, and renewable energy. Our cloud-hosted product suite helps finance, land, and operations teams 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, ground-breaking Lithium™ technology, and practical software subscription model, we are Crafting the Future of Energy Software.