Accelerating Quorum TIPS Implementation for a Midstream Oil & Gas Leader

Client Background

A midstream oil and gas company recently acquired several assets, including a processing plant in Kansas. As part of the acquisition, the company faced the urgent task of taking over accounting responsibilities and converting one plant’s system from W Energy to Quorum TIPS.

The plant’s operations included:

• 500 meters.
• Allocations: CDP Volumes, Field Fuel, Field Condensate, Plant Fuel, NGL Sales, Residue.
• 95 contracts including Wellhead Purchase, Percent of Proceeds, Fixed Recovery, Fixed Fuel.
• Compliance requirements for state taxes (Kansas Severance, Kansas Corporation, Kansas Working Interest).

Challenge

The client had just 60 days under their Transition Service Agreement (TSA) to fully implement the new system. Far shorter than the software vendor’s standard timeline. This posed a serious risk to operational continuity, compliance, and revenue recognition.

Solution

EAG took a bold approach. Bypassing the vendor’s full implementation process and instead manually setting up the TIPS system to meet the aggressive deadline.

Key actions included:

• Redesigning plant allocations for clarity and operational efficiency, rather than simply duplicating the previous operator’s setup.
• Reviewing all contracts to ensure accuracy and alignment with current terms.
• Testing three months of allocations and settlements to validate system readiness and compliance.

Results

EAG’s streamlined, hands-on implementation delivered powerful results:

• System readiness on time, enabling seamless monthly processing.
• Improved accuracy by correcting legacy allocation and settlement errors.
• Increased contract compliance through precise configuration.
• Significant cost savings with over $20,000 in avoided expenses.

Key Takeaway

By combining deep industry expertise with a nimble, hands-on implementation strategy, EAG enabled the client to meet a high-stakes deadline, optimize their system configuration, and realize immediate operational and financial benefits.