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P2 Energy Solutions Announces the Migration From Tobin LandSuite(TM) to Enterprise Land(TM) By Quintana Minerals Corporation

Posted on: Wednesday, 12 November 2008, 12:00 CST

P2 Energy Solutions, the industry's leading provider of oil and gas software, is pleased to announce Quintana Minerals Corporation based in Houston, Texas, along with several of its affiliated companies, have migrated from P2 Energy Solutions' Tobin LandSuite (TLS) to the recently released Enterprise Land(TM) 2.5, using standard Enterprise Land migration scripts.

P2 Energy Solutions supplies best of breed land management systems to the oil and gas industry and is uniquely placed to manage data conversion between its various product ranges. For existing TLS customers, the option to use standard pre-migration and migration scripts to move data into Enterprise Land offers a swift and cost effective adaptive method that allows for the retention of historic data.

Included in the Quintana group of affiliated companies that have migrated to and will utilize Enterprise Land are: Quintana Minerals Corporation -- an oil and gas company that leases land from third-parties; Quintana Energy Partners -- a private equity fund investing in the natural resource space; Natural Resource Partners L.P. -- a publicly traded master limited partnership that acquires coal reserves and then grants operators the right to mine their coal reserves in exchange for royalty payments and Great Northern Properties, L.P. -- the largest owner of coal reserves in the United States (other than the U.S. government). All of these companies used TLS 5.0 to manage their land activities. The major operational issue was that each company had different reporting and operational needs that were not met by the standard software.

Charles Kerr, vice president, land for Quintana Minerals states, "While TLS provided the ability to share information, it didn't meet our diverse operational and reporting needs. Enterprise Land is an obvious solution to this issue. It allows our entire portfolio and affiliated companies the latitude to manage their land activities in a manner that's optimal for their own business models; and at the same time, allows the data to be retrieved and assembled in a meaningful way to suit the needs of the individual company."

Mr. Kerr continues, "Despite the pioneering nature of both Enterprise Land and the use of migration scripts, our pre-existing relationship with P2 Energy Solutions gave us confidence in their ability to deliver on an ambitious timeframe of four months to move all the data from the old to the new system, get everybody trained and go into production. With the implementation and training phase now completed this confidence has been repaid."

George Telford, senior vice president of consulting for P2 Energy Solutions said, "Enterprise Land is the upstream industry's first application built for the enterprise completely using a services oriented architecture (SOA). The modules are component-based and loosely coupled. Therefore, customers gain tremendous flexibility in how functionality is configured, deployed, accessed and integrated with other applications. We offer a true land management system that takes into account all the possible scenarios. Now that the migration process can be managed using pre-configured scripts we can provide existing TLS customers with a proven, fast and cost effective data transfer method that allows for the full retention of historical data."

"We are very excited to partner with the various Quintana companies in the migration from TLS to Enterprise Land using migration scripts," adds Rick Rivich, senior vice president of sales and marketing, P2 Energy Solutions. "The Quintana set of companies are a growing, vibrant and extremely agile group that fully exploits the flexibility and scalability of Enterprise Land. P2 Energy Solutions looks forward to supporting the Quintana group in their future growth and development plans."

About P2 Energy Solutions Inc.

P2 Energy Solutions focuses on the development and support of data, software and enterprise services to meet the information and business process needs of the energy industry. P2 Energy Solutions is the oil and gas industry's most comprehensive source of asset management solutions including Entelligent, Enterprise Upstream(TM), Excalibur, Reserve Management, Qbyte, Enterprise Land(TM), Tobin GIS Studio(TM) and Tobin SuperBase(TM) and Wellcore.

With solutions deployed at more than 500 companies worldwide, P2 Energy Solutions enables clients to achieve greater productivity while maintaining effective controls. The company has an 80-year history of serving the oil and gas industry and understands its workflow processes. P2 Energy Solutions has the breadth and depth of expertise to meet the expanding financial, operational and data management needs of energy companies from private independents to supermajors. More information can be found at www.p2es.com.

About the Quintana Affiliated Companies

Primarily based in Houston, Texas, the Quintana set of affiliated companies are focused on the development of oil, gas, coal and other natural resources. The Quintana entities are managed by highly experienced energy industry executives, including Corbin J. Robertson, Jr. and his family, and former secretary of commerce Donald Evans.

Source: Business Wire

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