P2 Energy Solutions Strengths, Domain Expertise, and Key Differentiators
P2 Energy Solutions empowers the people who power the world. P2 is one of the world's largest software and technology companies dedicated to the upstream oil and gas industry, with solutions.
P2 Energy Solutions Recent Developments
P2 Energy Solutions has launched P2 Lease Obligation Intelligence, powered by ThoughtTrace, giving upstream professionals in corporate development, land, GIS and geoscience instant access to expanded lease attributes, obligations, provisions and clauses.
P2 Energy Solutions Mergers and Acquisitions (M&A) Activities
In May 2018, P2 Energy Solutions acquired iLandMan, a cloud-based land and lease management software provider. Founded in 2006 and headquartered in Lafayette, LA, iLandMan is a SaaS-based, real-time tract- and formation-based software that provides complete access to all company projects, along with maps and reports that both increase efficiency and eliminate wasteful duplication of effort. With iLandMan’s strong market presence and proven track record, this acquisition furthers P2’s mission to help oil and gas companies increase operational efficiencies.
P2 Energy Solutions Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying P2 Energy Solutions applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of P2 Energy Solutions and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified P2 Platform, P2 Tobin, P2 Qbyte, P2 BOLO, P2 Excalibur customers.
P2 Energy Solutions Overview
Ownership: - Vista Equity Partners
Number of Employees: 700
P2 Energy Solutions Key Enterprise and Cloud Applications
P2 Platform, P2 Tobin, P2 Qbyte, P2 BOLO, P2 Excalibur
P2 Energy Solutions Revenues, $M:
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|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
P2 Energy Solutions Revenue Breakdown By Type, $M:
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P2 Energy Solutions Enterprise Applications Revenues By Functional Markets, $M:
P2 Energy Solutions Enterprise Applications Revenues By Verticals, $M:
P2 Energy Solutions Revenues By Region, $M
|Region||% of Total Revenues||2019 Total Revenues, $M||2019 Enterprise Applications Revenues, $M||2019 Cloud Applications Revenues, $M|
P2 Energy Solutions Direct vs Indirect sales
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P2 Energy Solutions Customers - Breakdown by Geo, Size, Vertical and Product
No. of P2 Energy Solutions Customers: 1700
No. of P2 Energy Solutions Enterprise Applications Customers: 1700
No. of P2 Energy Solutions Cloud Customers: x
No. of P2 Energy Solutions Cloud Subscribers: x
P2 Energy Solutions' customer base totals 1700 customers who rely on P2 to support billions of transactions across hundreds of thousands of wells. Among P2 customers are CrownQuest, Indigo Minerals, Newfield, Urban Oil and Gas, Chevron, ConocoPhillips, Dominion Resources, ExxonMobil, Marathon Oil Corporation, Oxy, Newfield, Urban Oil and Gas, Chevron, ConocoPhillips, Dominion Resources, ExxonMobil, Marathon Oil Corporation and others.
P2 Energy Solutions Market Opportunities, M&A and Geo Expansions
In 2014, P2 Energy acquired Merrick Systems, a provider of production management and field operations software.
In December 2011, P2 acquired Beyond Compliance for SaaS-delivered automated compliance management solutions. The acquisition enables P2 to expand its Health, Safety and Environmental compliance offerings. Over the past few years, P2 has been providing operators with regional solutions that are specific to their needs from shale gas opportunities to better data integration. P2 Energy Solutions sells a range of financial and accounting management software, geospatial data, land asset management tools, well lifecycle management solutions and outsourcing services to both the upstream and midstream oil and gas sectors as well as the alternative energy industry. P2 was started in 1999 when a group of investors established Petroleum Place Energy Advisors and bought the Oil and Gas Asset Clearinghouse.
In 2003, Petroleum Place merged Paradigm, Novistar (formerly Oracle Energy), and business process outsourcing firm Petroleum Financial, Inc. to form P2 Energy Solutions. The next couple of years P2 grew rapidly through acquisitions including Explorer Software for land management and WellPoint Systems for enterprise asset management, riding the energy boom in Canada, Australia and other remote places. Eighty percent of the top 150 US energy companies, 91 of the top 100 Canadian operators, and nearly 200 international operators run P2 applications.
In 2000, Petroleum Place purchased Paradigm Technologies for its accounting solution Excalibur.
P2 Energy Solutions Risks and Challenges
P2 has embarked on a series of changes including the appointment of a new leadership team as well as reshaping the direction and its go-to-market strategy.
P2 Energy Solutions Ecosystem, Partners, Resellers and SI
In 2019, P2 partnered with Wood Mackenzie. The new content offering will create a solution the market has never seen before, and provide a common language for landmen, engineers, and analysts. It will be available on Wood Mackenzie Lens, WoodMac's new analytics platform.
Mainly Direct sales, P2 has a small number of indirect sales. P2 has strategic partnerships with Oracle, PwC, ADP, CSC's Oil and Gas Division, Cendec Systems, Certichex, CoreLogic, Cortex Business Solutions, ESRI, Full Circle Systems DocVue, Make Technologies, Oildex’s suite, PDS Energy, Red Dog Systems, Rocket U2, Rolta, Stonebridge, Tecnics Consulting, Verian, Weaver and Welland.
P2 Energy Solutions Cloud Infrastructure Insights
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- P2 Energy Solutions Public Cloud and Infrastructure (IaaS)
- P2 Energy Solutions Platform (PaaS)
- P2 Energy Solutions Application Delivery
- P2 Energy Solutions Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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