I recently caught up with Jeremy Frye, CEO of Trilogy Effective Software Solutions (Trilogy) to find out how the company is fairing with the current chaos in the upstream oil and gas markets. As the Trilogy solution, TIES, services and is largely focused on the upstream and midstream spaces (oil, gas and liquids), it wouldn’t have been surprising to hear doom and gloom; however, that wasn’t the case. “Honestly, a couple of months ago, we anticipated we wouldn’t see any net new business this year, beyond supporting our current customers through this difficult period; but we have been surprised by the amount of inquiries in the last few weeks, including RFPs. In fact, we hope to add several potential new customers by the end of the first half of this year,” he told me. He noted that some of this new interest is driven in part by the current rash of acquisition and divesture activity as companies seek to shed assets and producing properties to reduce costs, while others are looking (and finding) bargains. Companies buying assets require the software systems necessary to manage, track, and value those new fields or facilities; or, if they already have such systems in… continue reading
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