Silicon100 2017

Optimize Your Production Operations: P2 Energy Solutions

thesiliconreview-j-scott-lockhart-ceo-p2-energy-solution-17Empowering the People who Power the World

In today’s challenging exploration and production landscape, companies must ensure that their production is optimized at all times. Current market forces are telling E&P companies to make their wells more productive, reduce operational expenses, and rid every one of their processes of any inefficiency. All upstream oil and gas organizations strive to be execution-driven, to get oil and gas out of the ground and to market efficiently and profitably. Upstream professionals want to make fast decisions based on reliable data, backed up by robust systems, but getting there isn’t easy. No vendor is better equipped than P2 Energy Solutions to help upstream organizations navigate present challenging environment.

P2 exists to arm people with the right tools to get the job done and solve big problems. The company closely collaborates with its customers to understand how change is impacting upstream business, and to identify what’s most important to drive business performance.

In detail about P2

P2 helps customers maximize the value of their assets by helping them optimize production quality and control costs. P2 solutions address critical business challenges including how to increase free cash flow, reduce finding and development costs and grow net back margins. The company serves oil and gas companies worldwide. Its software and data solutions reach across the upstream organization, from the back office to the field and its customer base totals more than 1,500 customers who rely on P2 to support billions of transactions across hundreds of thousands of wells.

At P2 innovation is focused on arming its customers with the right tools to get the job done. The company partners with customers to deliver fit-for-purpose solutions that provide new capabilities and leverage data, analytics, mobility and collaborative workflows.  It’s one thing to say you’re committed to serving customers—P2 backs it up with results. Its support and services team responds quickly to customer needs with high quality execution. P2 support personnel are capable, friendly and help upstream people to get their jobs done.

P2 is excited to announce the release of the P2 Oil & Gas Platform, a fully integrated data, transaction and workflow solution that enables upstream oil and gas teams to effectively manage every facet of their business, from the field to the back office.

P2 Solutions Synopsis

P2 understands that its customer’s risk has shifted from exploration to execution, to getting oil and gas out of the ground and to market efficiently and profitably. P2 solutions reduce the complexity of managing complex assets. P2 delivers total solutions to help you drive the most value in your business operations.

P2 solutions cover important upstream domains: Production operation, finance and accounting, land management, geospatial data and reserves management

Oil and Gas Accounting: Account for complex assets and keep operations running smoothly.

Oil and Gas Data: Accurate, up-to-date geospatial data is a must for land and GIS teams.

Land and Lease Management: Blending interactive mapping, streamlined lease acquisitions, automated recommendation processes, and one-click data analysis.

Production: P2 Production Solutions, Powered by Merrick, increase production and reduce operating expenses.

Reserves Management: Effectively accounting for reserves across diverse, changing properties and dynamic market conditions requires a new set of tools with modern capabilities.

Canadian Oil and Gas: With solutions designed with the business processes and requirements unique to Canadian oil and gas in mind, P2 will help get you on your way.

P2 Oil and Gas Integrated Solutions:  Designed for upstream workflows to connect the field and back office.

Meet the Head Crew

J.Scott Lockhart, CEO: Lockhart is an accomplished technology leader with a track record growing businesses that provide integrated solutions for capital-intensive industries.  As CEO, he drives P2’s commitment to help upstream oil and gas companies around the globe optimize business performance.  Lockhart has leadership experience in both public and private companies, holding executive level positions at IHS, ESS (now part of Sphera), Rolls Royce, Data Systems & Solutions, and SAIC.  In each role, he had overarching responsibility for strategy and implementation.  

Before joining P2, he served as Senior Vice President of Operational Excellence and Risk Management at IHS.  At IHS, Lockhart led the acquisition of eight competitor companies and brought them together into a single, high-performance team that became the largest provider in the space.  He holds a degree in Chemical Engineering from the University of Kansas.

Scott Key, Chairman: Key is the chairman of the P2 Board of Directors. Through 2015, Key served as the President and CEO of IHS Inc., as well as the company’s President and Chief Operating Officer from 2010, while also serving on the IHS board. Key served on the IHS Executive team since 2006, enabling a successful IPO as Senior Vice President of Strategy & Planning and was instrumental in growing IHS from just over $200 million in annual revenues to more than $2 billion in 2015. He currently holds a Board and Audit Committee position for Harte Hanks, serves as Vice Chairman of Outward Bound USA and is an Operating Partner at Advent International.

Prior to joining IHS, Key served in a number of E&P operational, management and research positions, including US and international based roles for Phillips Petroleum and ARCO. He holds a degree in Physics, Mathematics and Geophysics.  

“We help customers maximize the value of their assets by helping them optimize production quality and control costs.”