October 14, 2008
Mustang Fuel Corp. Selects Quorum to Manage Gas Marketing Activities
Quorum Business Solutions, Inc. ("Quorum"), a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces that Mustang Fuel Marketing Company ("Mustang") has entered into an agreement to license Quorum Gas Marketing to manage its commercial natural gas marketing activities.
"We were in the market for a system to manage our gas marketing activities," said Brad Jordan, CIO of Mustang. "Quorum demonstrated a clear understanding of our business and had the capability to meet our business requirements."Mustang is a privately held company headquartered in Oklahoma City, OK, and is a wholly-owned subsidiary of Mustang Fuel Corporation. Mustang Fuel Corporation's operations include gas and oil exploration and production, natural gas gathering and processing, and natural gas marketing.
Mustang is the 5th client to implement Quorum Gas Marketing, an end-to-end gas marketing software solution for companies who buy, transport, and sell natural gas in the physical gas market. Quorum Gas Marketing actively manages marketing transactions and counterparty credit exposure, provides position reporting on both a physical and financial basis, and serves as an analytical tool for marketers, risk managers, analysts, schedulers, and accountants.
About Quorum Business Solutions, Inc.
Quorum Business Solutions, Inc. is a software and consulting solutions company that develops, implements, and supports a suite of business software solutions for the energy industry with a unique approach to providing a longer product life span. Founded in 1998, Quorum employs over 300 staff operating out of offices in Houston, Dallas, and Calgary. Quorum has ongoing relationships with over 90 clients, among which 25 Fortune 500 Companies are represented. Throughout its ten year history, Quorum has successfully completed over 400 business and information technology projects.
The Quorum Energy Software Suite is a set of integrated business applications designed for companies that produce, gather, transport, process and market oil, natural gas, natural gas liquids, LNG, wind generation and other energy commodities. The inherent integration of the suite allows the products to work together to facilitate straight through processing of the full energy value chain.
For more information, visit Quorum's web site at www.qbsol.com or call us at 713-430-8601.