Case Study: Oryx Midstream Services moves financials to the cloud with AcctTwo

Midstream Oil and Gas Company Chooses Intacct's Best-in-Class Financials

Oryx Midstream Services, a midstream oil and gas company based in Houston and Midland, needed a financial system that could scale with its growth. It also needed sophisticated project accounting, fixed assets capabilities, timely and accurate reporting, and the ability to consolidate entities. After evaluating software options, Oryx chose AcctTwo to help implement Intacct’s cloud-based financial management system.

AcctTwo helped Oryx move from manual processes to Intacct’s automation, project accounting, and fixed assets capabilities. According to the case study, the implementation was a success and provided real-time reporting and mobile access for management and investors. The project delivered a payback period of 5 months, with a year one net benefit of $33,670 and a three-year net benefit of $151,810.

Oryx Midstream Services

Karen Russell

Controller