Verian, known for offering the broadest purchasing and invoice processing software suite available, has signed a major U.S. producer of oil and natural gas liquids headquartered in Alabama.
The new customer has approximately 750 million barrels of oil-equivalent proved, probable, and possible reserves. These all-domestic reserves are located mainly in the Permian and San Juan basins.
The company's wells generated excellent performances in 2012 and are expected to continue to drive double-digit oil and natural gas liquids growth in 2013.
The client's legacy business is natural gas distribution, and its natural gas affiliate is the largest gas utility in Alabama, providing clean-burning, energy-efficient natural gas to approximately 425,000 homes, businesses, and industries in central and north Alabama.
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