The History of P2 Energy Solutions

Over the past 10 years, P2 has grown both organically and inorganically through tactical acquisitions.

P2’s roots date back to 1999, when a group of investors formed Petroleum Place Energy Advisors and bought the Oil and Gas Asset Clearinghouse. In 2000, Petroleum Place purchased Paradigm Technologies, home of the industry’s most experienced accounting solution, Excalibur.

In 2003, Petroleum Place merged Paradigm, Novistar (formerly Oracle Energy), and business process outsourcing firm Petroleum Financial, Inc. to form P2 Energy Solutions.

The following year, P2 acquired the industry-accepted standard for spatial data,Tobin International. In 2005, P2 acquired the leading Canadian provider of accounting, financial, and production management solutions, Qbyte. PetroSoft, and Wellcore followed in 2007 and 2008. P2’s most recent additions came in 2011, when Explorer Software Solutions and WellPoint Systems were acquired.

By acquiring and integrating world-class product lines, P2 Energy Solutions has become the most comprehensive source of upstream solutions, offering the broadest range of exploration, development, production and management solutions in the energy industry to all sizes of companies, ranging from private independents to super majors.

Timeline

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