News | July 29, 2008

P2 Energy's Tobin Accelerates Oil And Gas Exploration Opportunities

HOUSTON--(BUSINESS WIRE)--In today's volatile oil and gas market, managing the exploration lifecycle is vital. Whether it's identifying potential opportunities, generating prospects, tracking competition, creating a drilling program, leasing, unitizing or finally establishing production, today's oil and gas professionals require immediate access to current and applicable information relative to their exploration and production activities.

With the debut of Tobin's Data on Demand, both new and existing customers have real-time access to the company's iconic Tobin Hard Copy Maps. Viewing and purchasing Tobin Maps from the Internet, customers can make faster, more informed decisions about exploration opportunities. Information included on the maps is essential for assessing leasing and drilling activities, evaluating the competitive landscape as well as identifying opportunities for expansion.

"A critical component to the entire exploration process is being able to understand and visualize opportunities," said Tom Neubert, senior vice president data operations, P2 Energy Solutions. "Before a company can move forward with its exploration or development plans, it must be able to see what opportunities exist and have a thorough understanding of what it will take to manage them. Maps are essential to this process and that is the value Tobin Maps provide."

Data On Demand

P2 Energy Solutions is already the leading provider of spatial data, software and services to professionals responsible for managing land-based assets in a variety of industries including oil and gas, utilities, pipelines and government. The P2 Energy Solutions Data On Demand website allows customers to now obtain Tobin maps around the clock which provides oil and gas professionals more immediate access to accurate information as it becomes available, regardless of a customer's location.

The information represented on Tobin Maps enables customers to better manage current assets and aids in evaluating potential opportunities. For example, when conducting geological analysis, oil and gas professionals look for areas from which they may be able to produce product. However drilling rights must be acquired before they can drill. Information provided on Tobin Maps helps customers understand if they are already held or if partnership rights exist.

Customers wishing to purchase Tobin's Hard Copy maps have the ability to review maps before purchasing them. Customers can purchase either Lease Summary or Lease Strips Hard Copy maps. Customers can purchase Tobin Hard Copy maps in paper, film, or Adobe PDF format. The Adobe PDF maps can be obtained almost immediately via our ftp website and/or on a CD\DVD or by overnight delivery. All paper or film maps will be shipped overnight on the next business day. Map coverage includes areas in Louisiana, Texas, Mississippi and Oklahoma. Information featured on Tobin Hard Copy maps includes all pertinent legal boundaries, state lines and county lines. Select roads, pipelines, land/water forms, subdivisions and property ownership as recorded at the time of mapping are also included with current leases. Wells are posted regularly for the most up-to-date and cost effective maps available. For additional information and ordering, please visit Tobin Data On Demand at: http://p2es.datadoors.net/DataDoorsWeb/Order.aspx

About P2 Energy Solutions 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™, Excalibur, Reserve Management, Qbyte, Enterprise Land™, Tobin GIS Studio™ and Tobin SuperBase™.

With solutions deployed at more than 450 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 supermajors. More information can be found at www.p2es.com.

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