Wellogix Announces Extension of Software Contract With Forest Oil With Patented Software
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HOUSTON, Oct. 11, 2006 -- Wellogix, Inc. announced today that Forest Oil Corporation is extending its software as a service contract into all drilling and production operations with Wellogix patented Complex Services Management (CSM) suite. Wellogix has integrated its hosted business solution directly into the Forest Oil accounting system provided by Bolo Systems for expediting the reconciliation, resolution and payment with Forest suppliers.
Ike Epley, CEO of Wellogix, said, "We are pleased to have been able to build custom functionality that provides Forest with enhanced economic benefit. Forest was a client before we received our initial patents on our solution, but that event has certainly helped support their decision. We provide Forest with a solution that enables both large and small suppliers to equally benefit from the improved process. The custom development Forest requested was delivered on time, and on budget. The structure included a user acceptance testing protocol that has been very well received by all of Forest's users."
"We are thrilled to be part of this successful project,"
said Rick Slack, CEO and President of Bolo Systems. "Bolo is pleased to work with companies such as Wellogix in order to streamline operations and increase value to our customers.
We look forward to continuing working with Wellogix as they grow their business."
About Wellogix, Inc.
Formed in 1998 and based in Houston, Wellogix is led by an experienced executive team that truly understands the issues and challenges faced by energy companies and their service providers.
Wellogix delivers a patented portfolio of on-demand business solutions that support complex services planning, procurement and payment for energy companies and their service providers. The company's scalable, flexible and standards-based applications are available on-demand and connect to and integrate with clients' existing applications. Wellogix customers realize immediate and lasting value by focusing resources on higher value activities by utilizing business intelligence to improve decisions and by decreasing risk.
In short, Wellogix solutions improve business performance and reduce cost. For more information about Wellogix products or services, visit www.wellogix.com, e-mail info@wellogix.com, or call 713-621-0931.
About Bolo Systems
Founded in 1991 and headquartered in Lakewood, Colorado, Bolo Systems provides the most customer-centric accounting, land and production software and services suite in the oil and gas industry. Designed and supported by industry veterans, Bolo's integrated software suite gives results-oriented users immediate, single-source access to company data to help them make faster, more informed decisions. For more information, call (303) 987-2238 or visit www.bolosystems.com.
Press Contact for Wellogix, Inc.:
Tim Morgan, Senior Director, Operations
713-621-0931
