Case Study: Range Resources achieves faster, more accurate AFE approvals with Quorum Software’s Execute AFE

Range Resources Modernizes AFE Process with Quorum's Execute AFE, Achieving Time Savings and Enhanced Efficiency

Range Resources Corporation, a leading U.S. independent natural gas and NGL producer, was using a dated, inefficient desktop-based Authorization for Expenditure (AFE) system. The legacy system was cumbersome, only accessible on their internal network, and caused significant delays due to a lack of automation and integration. This prompted them to seek a modern solution, leading them to select the Execute AFE offering from Quorum Software.

Quorum Software implemented its cloud-based Execute AFE system, which featured robust workflow capabilities and strong integration. This allowed Range Resources to automate approvals, pull data directly from other systems to eliminate manual entry, and transform their process from sequential to parallel. The results included a 50% reduction in the average time to raise and approve an AFE, the elimination of data-entry bottlenecks, and higher-quality AFEs with more accurate estimates and fewer cost overruns.

Range Resources Corporation