Enverus

Software and data built only for the energy industry

Enverus runs software-as-a-service platforms for oil and gas producers, mineral owners, utilities and pipeline companies, and for the suppliers who sell to them. The company calls its platform the only one dedicated to energy, and says it draws benchmark cost and revenue data from partnerships with 98 percent of US energy producers and more than 35,000 suppliers. More than 8,000 businesses of all sizes use it, according to the site.

Analytics for investment and operating decisions

One part of the offer is analytics and research. The platform provides scenario analysis, forecasting, activity tracking and market analysis, including intelligence research and reports on drilling activity, active rigs and crews. The company says it avoids outputs that users cannot check for themselves. It frames its message around capital discipline: producers should get more from existing assets and direct their spend carefully, and renewables operators face the same test on economics.

Source-to-pay and supplier networks

Enverus Source-to-Pay is aimed at energy companies and handles sourcing, contract management, ordering, dispatch, receiving and payables on one platform. OpenOrder and OpenInvoice connect procurement and invoicing with suppliers, and keep details such as cost centers, chart of accounts, supplier and well identifiers and authorization-for-expenditure numbers consistent between systems. The company links all of this to what it calls the largest network of buyers and suppliers in the industry, and pairs it with joint venture services.

Data for trading and corporate systems

For trading and risk teams, the SaaS system delivers live and past energy market prices and volumes to the front, middle and back office.

ESG and AI

The company argues that environmental, social and governance pressure can be handled as an opportunity, and says an energy-focused dataset gives a firmer basis for ESG work. It also says its AI features were built from energy data rather than added on top of it, and describes the welcoming of a utility design automation business into the group. Engineering work is supported by a development hub in the Czech city of Brno.