1. Northern Oil & Gas – Prophix story
Operating since: 2007
Head office: Wayzata, Minnesota
Annual revenue: $370 million
Number of employees: Unknown
G/L or ERP: Excalibur - Unidata
Company website:
Company background:
Northern Oil and Gas explores for and produces oil and natural gas on properties in the northern US. The company keeps overhead and risk down by purchasing minority, or non-operating, interests in producing oil and gas projects. With leaseholds on more than 151,000 acres in the Bakken and Three Forks oil and gas fields in North Dakota and Montana, the company has developed 15% of its property. That development has yielded proved and probable reserves of nearly 16 million barrels of oil equivalent (BOE), almost all of it crude. Northern Oil and Gas was formed in 2007.
Business problems that lead to evaluating CPM, adopting Prophix:
Consolidation – NOG’s financial consolidation was problematic as they have a significant number of small interest investments with about 50 companies. They receive monthly billings from these companies with revenue and expense details for each well investment. They were looking to consolidate and summarize this granular data / information in a variety of ways to identify what’s important to them in terms of costs and production metrics.

2. Northern Oil & Gas – Prophix story
Business problems that lead to evaluating CPM, adopting Prophix:
Budgeting – Performed through Excel spreadsheets. G&A expenses are budgeted by account, but with the majority of the line items performed based on volume and price estimates (how many barrels will be produced at an estimated price). They would like most calculations to be more automated and less error-prone.
Reporting – NOG prepares monthly reports and would like their actual financial and operational results summarized by county, operator, well, etc. They would also like to have the ability to distribute and collate their financial reports into a reporting package.
Prophix solution:
Summary - Finance cube, personnel planning, budget / actual report templates
A centralized reporting and analytical tool to guide decision making / analysis on financial performance and production metrics.
Financial and statistical production reporting
Drill-across capability to transactional Excalibur / Unidata information
Forecasting processes and reporting
Integration with NOG’s Excalibur / Unidata database to pull in the latest financial data as well as new additions to their list of Well interests and Operators.
Personnel planning for their group of 20 to 30 employees within DPM.
Budgeting and planning processes along with planning templates for input from executive team.

3. Supporting data: Life cycle Industry (choose all that apply)
☐ New implementation
Implementation date:
☐ Preexisting customer YES
Original implementation date: Q4 2013
☐ Existing customer, upgrading
Original implementation date: ________________
Industry (choose all that apply)
☐ Agriculture, forestry, and fishing
☐ Professional services
☐ Financial services
☐ Retail
☐ Wholesale and distribution
☐ Telecommunications
☐ Healthcare
☐ Utilities
☐ Education
☐ Architecture, engineering, and construction YES (oil and gas)
☐ Life science
☐ Transportation and logistics
☐ Manufacturing
☐ High tech
☐ Media and entertainment
☐ Government
☐ Non-profit

4. Supporting data: Solutions built Capabilities used ☐ Budgeting YES
☐ Automation YES
☐ Forecasting YES
☐ Prophix Mobile
☐ Reporting YES
☐ Data integration YES
☐ Strategic planning
☐ Business modeling YES
☐ Financial consolidation
☐ Microsoft platform integration YES
☐ Analysis YES
☐ Role-based security YES
☐ Profitability analysis
☐ Collaboration YES
☐ Personnel planning YES
☐ Flexible deployment
☐ Project planning
☐ Ad hoc reporting and visualization YES
☐ Revenue planning
☐ Capital expenditures planning
☐ Reporting and analytics
(dashboards and scorecards)