XCXP Operating L.P. Selects PEOffice® from Optimization Petroleum Technologies for Reservoir and Production Analysis

XCXP Operating L.P. Selects PEOffice® from Optimization Petroleum Technologies for Reservoir and Production Analysis

Houston, Texas – 15 March 2010 - XCXP Operating L.P., an independent oil & gas producer, announced today its decision to license the PEOffice suite of software from Optimization Petroleum Technologies for reservoir and production analysis.   XCXP Operating creates value by identifying potential acquisitions with production enhancement opportunities.  

 “PEOffice provides further capabilities for reservoir visualization, while being robust and easy to use.  The integrated suite of applications in PEOffice gives us an additional set of tools to use across the lifecycle of our assets”, says William Vargas of XCXP.

”PEOffice is priced to be affordable to any independent producer, including start-ups”, according to Jacoby Garcia, Vice President of Optimization Petroleum Technologies. “The suite of tools equips independents with the same type of integrated reservoir and production analysis capabilities as only large E&P companies have historically possessed.  Competitive software supporting these same engineering and work processes would cost many times more than PEOffice.  The entry of PEOffice into the U.S market is helping even start-up producers compete more effectively and make more informed decisions on acquisition of assets.”

Optimization Petroleum Technologies opened an office in Houston, Texas in October 2009 to support the launch of the company’s entry into the North American market. The company is well established in Asia and its products are widely used by the major E&P companies in the region. 

About XCXP Operating L.P.

XCXP Operating L.P is a Texas limited partnership formed in 2009 and maintains offices in Midland and Katy, Texas. The company creates value by identifying potential acquisitions with production enhancement opportunities and applies proven production/reservoir engineering techniques and new technologies. The management team has over fifty years combined experience in all aspects of the Oil & Gas industry. The unique skills of the management team, including their knowledge of reservoir engineering, production, facilities and operations uniquely positions the company for aggressive growth while managing risks.

About Optimization Petroleum Technologies, Inc

Optimization Petroleum Technologies is an industry leader in providing integrated oil and gas reservoir and production engineering analysis software and technological solutions. PEOffice, the company’s integrated product suite, is an easy-to-use, efficient set of applications for petroleum engineers that provides advanced visualization of oil and gas reservoirs and production analysis. Optimization Petroleum Technologies also provides consulting services to ensure the success of their customers who are adopting the PEOffice suite. In September, 2009, the company opened a US sales office in Houston and named Jacoby Garcia as Vice President of Sales. In February, 2010, Optimization Petroleum Technologies became a client company of Houston Technology Center, a 501 (c)(3) non-profit organization that enables and accelerates the growth of emerging technology companies for the purpose of creating jobs and promoting economic development in the greater Houston area.

Author: Maggie Joplin
Phone: (832) 476-9235
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Category: client companies | Sub Category: energy