
P2 Energy Solutions Announces Agreement with First American
Parcel-level data now available as a Tobin Data product
HOUSTON (April 28, 2009) – P2 Energy Solutions, the leading provider of software and map data to the oil and gas industry, announces an agreement with The First American Spatial Solutions, a leader in spatial and natural hazard risk solutions, to begin distributing the First American ParcelPoint® database.
ParcelPoint is a national database containing information on more than 113 million U.S. land parcels. The data, which includes the parcel boundary, centroid (or geometric center of the parcel) and physical address is highly accurate and regularly updated by First American Spatial Solutions, which is a member of The First American Corporation (NYSE: FAF) family of companies.
ParcelPoint is part of First American Spatial Solutions’ vast portfolio of data resources that allow industries to accurately locate properties for asset management and property-level risk assessment. Parcels can be used for identifying correct property locations for compliance, tax and risk management purposes.
This level of precise property data allows energy customers to utilize information that can help them with asset placement, right-of-way planning, product transportation and regulatory compliance. ParcelPoint will complement and enhance the information and asset management solutions that P2 Energy Solutions supplies to its customers in the oil and gas, wind and solar markets.
“Like First American, P2 Energy Solutions prides itself on attention to detail and commitment to our customers for accurate and comprehensive spatial data information,” said Bret Bolin, President and CEO of P2 Energy Solutions. “First American’s ParcelPoint is a natural complement to our extensive Tobin Map Data line of products. Both of these offerings will give our customers a competitive edge when mapping out their E&P strategy.”
“First American is excited to partner with P2 Energy Solutions to provide its energy customers with data to help them more efficiently locate and manage their field assets,” said Scott Little, vice president and general manger of First American Spatial Solutions. “By providing access to the most accurate and comprehensive parcel database in the U.S., we enable energy companies to improve decision making, reduce lease acquisition time and quickly identify new areas for drilling.”
Read more about ParcelPoint in The Tobin Monthly newsletter here.
About P2 Energy Solutions Inc.
P2 Energy Solutions focuses on the development and support of data, software and enterprise services to meet the information and business process needs of the energy industry. P2 Energy Solutions is the oil and gas industry’s most comprehensive source of asset management solutions including Entelligent, Enterprise Upstream, Reserve s Management, Excalibur, Qbyte, Enterprise Land, Tobin GIS Studio, Tobin SuperBase and Wellcore. With solutions deployed at more than 500 companies worldwide, P2 Energy Solutions enables clients to achieve greater productivity while maintaining effective controls. The company has an 80-year history of serving the oil and gas industry and understands its workflow processes. P2 Energy Solutions has the breadth and depth of expertise to meet the expanding financial, operational and data management needs of energy companies from private independents to super-majors.
About First American
The First American Corporation (NYSE: FAF) is a FORTUNE 500 company that traces its history to 1889. With revenues of approximately $6.2 billion in 2008, it is America’s largest provider of business information. First American combines advanced analytics with its vast data resources to supply businesses and consumer with valuable information products to support the major economic events of people’s lives, such as getting a job, renting an apartment, buying a car or house, securing a mortgage and opening or buying a business. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within five primary business segments including: Title Insurance and Services, Specialty Insurance, Information and Outsourcing Solutions, Data and Analytic Solutions and Risk Mitigation and Business Solutions. More information about the company and an archive of its press releases can be found at www.firstam.com. More information about the First American Spatial Solutions division and its products can be found at www.faspatial.com.
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