Fort Smith, AK-located Highland Oil & Gas has contracted and P2 Energy Solutions (P2ES) to provide a hosted petroleum financial management solution in support of its early stage natural gas exploration effort. Highland wanted to avoid a large investment in accounting, land systems and personnel and instead opted to outsource ‘non-core’ aspects of accounting and land administration.
P2ES’ Petroleum Financial (PFI) hosted solution helps oil and gas companies manage land and accounting operations without the typical costs and capital expenditures associated with running a back office. PFI provides web-based access to reporting, document management and business analysis tools.
P2ES senior VP Jerry Rugg said, ‘Our broad range of services and large staff are a perfect fit for a growth-oriented company like Highland and we look forward to a long and successful relationship with their management team.’
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