18 Best Oil and Gas ERP Software in 2024
Best Oil and Gas ERP Software Shortlist
Here’s my pick of the 10 best software from the 18 tools reviewed.
Our one-on-one guidance will help you find the perfect fit.
Choosing the right oil and gas ERP software can be overwhelming with so many options available. You need to manage operations, support processes, and increase efficiency, but figuring out which tool fits best is challenging. I've got you covered! Drawing from my extensive experience in the oil and gas sector and working with various ERP systems, I'll share my best ERP software for oil and gas business operations.
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Best Oil and Gas ERP Software Summary
This comparison chart summarizes pricing details for my top oil and gas ERP software selections to help you find the best software for your budget and business needs.
| Tools | Price | |
|---|---|---|
| Microsoft Dynamics 365 | From $70/user/month | Website |
| Deacom | Pricing upon request | Website |
| Epicor ERP | Pricing upon request | Website |
| SAP S/4HANA | From $0.75/unit/month (600 units and 3-month contract minimum) | Website |
| Infor CloudSuite Industrial | Pricing upon request | Website |
| Sage ERP | Pricing upon request | Website |
| Enertia | Pricing upon request | Website |
| Oracle NetSuite | Pricing upon request | Website |
| Deltek ERP | From $30-46/user/month | Website |
| DMS ERP | Pricing upon request | Website |
Compare Software Specs Side by Side
Use our comparison chart to review and evaluate software specs side-by-side.
Compare SoftwareHow to Choose Oil and Gas ERP Software
As you work through your own unique software selection process, keep the following points in mind:
- Industry-Specific Functionality: Oil and gas companies have unique operational needs that require specialized ERP functionalities. For instance, managing upstream production, midstream logistics, and downstream distribution requires different sets of tools. An ERP system tailored for the oil and gas industry will include features like production revenue accounting, outage tracking, and drilling workbench tools to manage output fluctuations and optimize exploration operations. This ensures that the software can handle the specific complexities of the industry, such as managing vast inventories and fluctuating demand forecasts.
- Real-Time Data and Analytics: In the oil & gas industry, real-time data is crucial for making informed decisions quickly. ERP systems that offer real-time reporting and analytics can help companies monitor production volumes, commodity pricing, and operating costs. This is particularly important for managing the volatility of onshore and offshore operations. For example, customizable ERP dashboards can provide real-time data to help exploration and production firms react and adjust to market changes.
- Compliance and Risk Management: Oil and gas companies operate under strict regulatory environments that require robust compliance and risk management features. An effective ERP system will include environmental health and safety tracking, incident reporting, emission monitoring, and compliance dashboards. These features help companies adhere to changing global and local regulations, mitigating risks and avoiding penalties. For instance, robust ERP reporting allows businesses to closely track compliance with health, safety, and environmental regulations across global operations.
- Asset and Maintenance Management: Managing and maintaining expensive and complex assets like offshore rigs, pipelines, and refineries is a significant challenge in the oil and gas industry. An ERP system with specialized asset management modules can track maintenance schedules, parts inventories, warranties, depreciation costs, and capital equipment valuation. This ensures that the right resources, staff, and materials are available for demanding maintenance needs, reducing downtime and improving asset reliability.
- Scalability and Flexibility: The oil and gas industry is characterized by fluctuating production volumes and market conditions. Therefore, it is essential to choose an ERP system that is scalable and flexible to adapt to these changes; rapid scalability ranks high among cloud ERP solutions' benefits, allowing companies to support fluid production volumes, seasonal demand shifts, and market expansions through a pay-as-you-go model. Additionally, cloud ERP systems provide global accessibility, enabling remote teams and supply chain partners to access the system from anywhere, enhancing collaboration and efficiency.
Best Oil and Gas ERP Software Reviews
In this section, I provide an in-depth analysis and overview of each oil and gas ERP software. I’ll walk through the pros and cons of each tool, their features, and their best use cases.
Microsoft Dynamics is designed to streamline various business processes by providing a unified platform for finance, operations, customer relationship management, and more. It is a great option for businesses seeking integrated solutions.
Why I Picked Microsoft Dynamics: I chose Microsoft Dynamics for its integration capabilities across multiple business functions. This tool stands out due to its wide suite of applications that work together to streamline operations. It also offers a unified platform that enhances collaboration and efficiency across departments.
Standout Features & Integrations
Features include AI-powered insights, real-time analytics, and automation to optimize business processes. It also offers financial management, supply chain optimization, and project operations.
Integrations include Power BI, Azure, LinkedIn, Outlook, Teams, OneDrive, SharePoint, PowerApps, and Dynamics CRM.
Pros and cons
Pros:
- Integrates well with popular software
- AI-powered insights
- Financial management features
Cons:
- Initial setup can be complex
- Pricing requires annual billing
Deacom is an oil and gas ERP system designed for process control. It excels at maintaining full financial oversight, enhancing visibility into production costs and yields, and ensuring strict quality control adherence.
Why I Picked Deacom: I chose Deacom for its robust process control capabilities, which are crucial for the oil and gas industry. Deacom stands out due to its ability to integrate with PLC control systems, providing real-time data sharing and extensive process control features. This makes it the best for ensuring meticulous process control in oil and gas operations.
Standout Features & Integrations
Features include financial control, production cost visibility, quality control, and inventory management. Its extensive integration capability ensures operations across different departments.
Integrations include Salesforce, PayPal, Shopify, Amazon, Magento, EDI, UPS, FedEx, QuickBooks, and Microsoft Dynamics 365.
Pros and cons
Pros:
- Enhanced financial management
- Real-time data integration
- Extensive process control features
Cons:
- Requires training for full utilization
- Potentially complex implementation
Epicor ERP is a popular ERP solution designed to meet the unique needs of manufacturing industries. Its features tailored to streamline manufacturing processes, enhance productivity, and provide real-time business insights.
Why I Picked Epicor ERP: I chose Epicor ERP for this list because it stands out with its deep focus on manufacturing industries, offering specialized tools and functionalities that cater specifically to manufacturing needs. Its ability to integrate with various manufacturing processes makes it a top choice for companies looking to optimize their operations. It is best because it provides end-to-end solutions that address the unique challenges faced by manufacturers, from production management to supply chain optimization.
Standout Features & Integrations
Features include advanced planning and scheduling, production management, and supply chain management. It also provides robust financial management and business intelligence tools to help manufacturers make informed decisions.
Integrations include Microsoft Office, Salesforce, QuickBooks, Oracle, SAP, IBM, Google Workspace, Amazon Web Services (AWS), Microsoft Azure, and Tableau.
Pros and cons
Pros:
- Detailed supply chain management
- Real-time business insights
- Strong manufacturing features
Cons:
- May require training
- Higher cost than some other software for advanced features
SAP S/4HANA is a well-known ERP solution designed to meet diverse business needs. It excels in providing real-time business insights through advanced AI and analytics capabilities.
Why I Picked SAP S/4HANA: I chose SAP S/4HANA for its robust real-time data processing and analytics capabilities, which are crucial for making informed decisions in the oil and gas industry. Its ability to provide instant, personalized business insights sets it apart from other ERP solutions.
Standout Features & Integrations
Features include advanced financial management, real-time data analytics, and inventory control. It also supports multi-currency transactions and detailed reporting.
Integrations include SAP Business One, SAP Business ByDesign, Microsoft Azure, Amazon Web Services (AWS), Google Cloud Platform, IBM Cloud, Salesforce, Oracle, Microsoft Office 365, and Slack.
Pros and cons
Pros:
- Industry best practices
- Scalable platform
- Real-time data insights
Cons:
- Requires extensive training
- Steep learning curve
Infor CloudSuite Industrial is a comprehensive ERP software designed for the oil and gas industry. It is best due to its robust functionality that provides visibility into company-wide processes and systems.
Why I Picked Infor CloudSuite Industrial: I chose Infor CloudSuite Industrial for its consideration towards built-in features for managing manufacturing processes from start to finish. Its ability to provide full visibility into both discrete and process manufacturing operations makes it stand out. Additionally, it integrates industry-specific functionalities directly into the system, ensuring that all aspects of manufacturing are covered without needing additional modules.
Standout Features & Integrations
Features include end-to-end financials, projects, service, quality management, and multi-tenant cloud technology. It also provides advanced analytics, business intelligence, and machine learning capabilities.
Integrations include Infor Birst, Infor CPQ, Infor CRM, Infor Factory Track, Infor Nexus, Infor OS, AWS, Microsoft Azure, Salesforce, and Oracle.
Pros and cons
Pros:
- Scalable for complex operations
- Cloud-based deployment
- Lifecycle manufacturing visibility
Cons:
- Requires training for full utilization
- Complex implementation
Sage ERP offers a range of enterprise resource planning (ERP) software solutions tailored to various business needs. It is best for allowing businesses to adapt the software to their specific requirements.
Why I Picked Sage ERP: I chose Sage ERP for its strong emphasis on customization, which sets it apart from other ERP solutions. Sage ERP's flexibility and customization capabilities allow businesses to tailor the software to their unique needs, making it an ideal choice for companies with specific operational requirements.
Standout Features & Integrations
Features include financial management, inventory control, HR, payroll, and customer relationship management (CRM). Its cloud-based platform ensures real-time data access and collaboration across departments.
Integrations include Salesforce, Microsoft 365, Shopify, Stripe, PayPal, QuickBooks, ADP, Avalara, Concur, and Docusign.
Pros and cons
Pros:
- Strong financial management tools
- Real-time data access
- Highly customizable
Cons:
- Slight learning curve
- Some setup support may be required
Enertia is an integrated upstream oil and gas ERP solution that has been providing reliable software and services for the energy industry for 40 years. It offers precise, industry-specific functionalities that organize data and increase efficiencies for oil and gas operators.
Why I Picked Enertia: I chose Enertia because of its specialization in upstream oil and gas ERP, offering features tailored to the unique needs of this sector. It stands out due to its integrated approach to managing the entire lifecycle of oil and gas operations, from exploration to production, which is uncommon in other ERP software.
Standout Features & Integrations
Features include advanced land management, production accounting, and financial management. It also offers real-time data analytics and insightful reporting capabilities.
Integrations include Microsoft SQL Server, Microsoft Azure, Microsoft Power BI, Esri ArcGIS, P2 Energy Solutions, Quorum Software, Peloton, Oildex, WellEz, and Merrick Systems.
Pros and cons
Pros:
- Built-in advanced data integration
- Long-standing reputation
- Industry-specific features
Cons:
- Limited to upstream sector
- Requires support and training
Oracle Netsuite is a cloud-based business management software that integrates various business functions into a single platform. It consolidates ERP, financials, CRM, and e-commerce into one system, providing real-time visibility and control over business operations.
Why I Picked Oracle Netsuite: I chose Oracle Netsuite for its capabilities in unifying diverse business processes into a single platform. This tool stands out for its extensive range of features that cater to various business needs, making it a versatile choice for companies. It is best due to its ability to integrate ERP, financials, CRM, and e-commerce, which streamlines operations and enhances decision-making.
Standout Features & Integrations
Features include financial management, inventory management, order management, and procurement. It also supports global business management with multi-currency and multi-language capabilities. The platform's real-time analytics and reporting tools provide valuable insights into business performance.
Integrations include Salesforce, Shopify, Magento, WooCommerce, HubSpot, Zendesk, Expensify, Avalara, Bill, and Concur.
Pros and cons
Pros:
- Global business support
- Real-time analytics
- Order management features
Cons:
- Requires training
- Complex implementation
Deltek ERP is a full ERP solution designed for project-based businesses. It excels in integrating project management, financial management, and resource planning into a single platform for coordination and real-time insights.
Why I Picked Deltek ERP: I chose Deltek ERP because it stands out in its ability to cater specifically to project-based businesses, a niche that requires specialized tools for managing complex projects. Deltek's focus on integrating project management with financial and resource planning makes it suited for this purpose. It is best due to its extensive suite of tools that support every stage of the project lifecycle, from planning to execution and delivery.
Standout Features & Integrations
Features include advanced project management, detailed financial planning, and resource management. It also offers real-time analytics and customizable reporting features.
Integrations include Microsoft Project, Salesforce, QuickBooks, Oracle, SAP, IBM Cognos, Tableau, Slack, Jira, and Trello.
Pros and cons
Pros:
- Resource optimization
- Real-time financial insights
- Strong project management tools
Cons:
- Limited mobile functionality
- Slightly complex setup
DMS ERP is an all-in-one ERP software designed to streamline oilfield service businesses. It excels in speeding up billing cycles, updating inventory usage, and improving job and cash position visibility.
Why I Picked DMS ERP: I chose DMS ERP because of its specialized focus on oilfield service management, making it a standout option for companies in this niche. It offers unique features that cater specifically to the operational complexities of oilfield services, providing better control and efficiency compared to other ERP systems.
Standout Features & Integrations
Features include advanced field service management, financial management, and resource planning. It also offers real-time data tracking anddetailed reporting capabilities.
Integrations include QuickBooks, Microsoft Excel, Salesforce, SAP, Oracle, IBM Maximo, Infor, JD Edwards, Microsoft Dynamics, and Sage.
Pros and cons
Pros:
- Speeds up billing cycles
- Cloud-based platform
- Specialized for oilfield services
Cons:
- Higher implementation costs than some other software providers
- Higher initial setup costs
Other Oil And Gas ERP Software
Below is a list of additional oil and gas ERP software that we shortlisted, but did not make it to the top list. Definitely worth checking them out.
- Orion Alliance
Best for optimizing oil and gas operations
- Workday
Best for human capital management
- Acumatica
Best for field service management
- TallyPrime
Best for simplified accounting
- Versa Cloud ERP
Best for small to mid-sized businesses
- Odoo
Best for customizable modules
- Oracle ERP Cloud
Best for comprehensive financial management
- IFS Cloud
Best for asset lifecycle management
Related ERP Software Reviews
If you still haven't found what you're looking for here, check out these tools closely related to ERP software that we've tested and evaluated.
- Accounting Software
- POS Systems
- Billing Software
- Payroll Services
- Merchant Account Services
- Inventory Management Software
Oil And Gas ERP Software Selection Criteria
Selecting oil and gas ERP software requires a focus on functionality and meeting specific use cases that are critical for this industry. The criteria relate to the unique needs and pain points of software buyers, ensuring the chosen solution addresses the core functions and additional features necessary for efficient operations. Having personally tried and researched these tools, I can provide insights into the essential criteria for evaluation.
Core Oil And Gas ERP Software Functionality: 25% of total weighting score
- Financial Management
- Asset Management
- Supply Chain Management
- Compliance and Regulatory Reporting
- Project Management
Additional Standout Features: 25% of total weighting score
- Advanced analytics and reporting capabilities
- Integration with IoT devices for real-time data monitoring
- Customizable dashboards for different user roles
- Predictive maintenance features leveraging AI
- Mobile access for field operations
Usability: 10% of total weighting score
- Intuitive interface design
- Drag-and-drop scheduling tools
- Easy filtering and tagging for asset management
- Role-based access that is simple to configure
- Clear and concise navigation menus
Onboarding: 10% of total weighting score
- Availability of comprehensive training videos
- Interactive product tours
- Pre-built templates for quick setup
- Chatbots for instant support
- Regular webinars for ongoing learning
Customer Support: 10% of total weighting score
- 24/7 availability of support channels
- Dedicated account managers
- Fast response times
- Availability of a knowledge base or help center
- Multilingual support options
Value For Money: 10% of total weighting score
- Competitive pricing models
- Transparent cost structure
- Flexible subscription plans
- Discounts for long-term commitments
- Cost-benefit analysis compared to competitors
Customer Reviews: 10% of total weighting score
- Overall satisfaction ratings
- Feedback on ease of use
- Comments on customer support quality
- Insights on feature effectiveness
- User testimonials on ROI and efficiency improvements
Trends for Oil and Gas ERP Software
The oil and gas industry is evolving rapidly. ERP software must adapt to meet new challenges and opportunities.
- AI and Machine Learning Integration: AI and machine learning are integrated into ERP systems. These technologies help predict equipment failures and optimize maintenance schedules. This reduces downtime and operational costs.
- Cloud-Based Solutions: Cloud-based ERP solutions are gaining traction. They offer scalability and remote access, which is crucial for global operations. This trend supports better data management and collaboration.
- IoT Connectivity: IoT devices are increasingly connected to ERP systems. This allows for real-time monitoring of equipment and operations. Enhanced data collection improves decision-making and efficiency.
- Advanced Analytics: Advanced analytics are becoming a core feature of ERP software. They provide deeper insights into operational data. This helps companies make better decisions.
- Cybersecurity Enhancements: Cybersecurity is a growing focus for ERP systems. Enhanced security measures protect sensitive data from breaches. This is vital for maintaining trust and compliance.
Keeping an eye on trends is crucial when choosing an ERP software for the oil and gas industry, especially with its rapid evolution and unique challenges. Emerging technologies like AI, machine learning, and IoT can significantly enhance operational efficiency and reduce those pesky downtime costs. Cloud-based solutions offer the scalability and remote access needed for global operations, improving data management and making those long-distance collaborations a breeze. Plus, advanced analytics and beefed-up cybersecurity measures ensure better decision-making and data protection, helping you stay compliant and keep your data safe from breaches.
What Is Oil and Gas ERP Software?
Oil and gas ERP software is a tool to help companies in the oil and gas industry manage and automate their business processes. This software integrates various functions like financial management, asset management, supply chain management, human resources, and compliance into a single system. It is used by operations managers, financial controllers, and supply chain management to coordinate operations, track assets, and ensure regulatory compliance.
By consolidating these functions, oil and gas ERP software provides real-time visibility into operations, enabling effective management and control of business processes. It helps companies optimize resource use, improve decision-making, and maintain efficiency in complex environments.
Features of Oil and Gas ERP Software
Oil and gas enterprises face unique challenges that require specialized solutions to manage their complex operations. Implementing an ERP (Enterprise Resource Planning) system tailored for the oil and gas industry can streamline processes, enhance efficiency, and ensure compliance with stringent regulations. Here are the most important features to look for in oil and gas ERP software to help you make an informed decision.
- Local and Global Financial Reporting: Managing financial operations across multiple countries with different tax systems is crucial. This feature helps balance local reporting requirements and minimize the global tax burden.
- Asset Management: Given the high value of assets like drilling rigs and refineries, effective asset management ensures continuous production and optimal asset utilization, reducing downtime and maintenance costs.
- Quality Control: Maintaining high-quality standards is essential to minimize environmental hazards and meet compliance requirements. This feature helps track and manage quality across various stages of production and distribution.
- Inventory Management: Oil and gas inventory management is unique due to the uncertain nature of underground reserves. Effective inventory management ensures optimal stock levels, avoiding both shortages and excesses.
- Business Intelligence: Analyzing global market trends and political climates is vital for strategic decision-making. Business intelligence tools provide insights that help navigate complex market dynamics and compliance requirements.
- Real-Time Hard and Soft Asset Control: This feature ensures efficient operations by providing real-time data on asset performance, helping to manage dependencies and interactions among various components like rigs and pipelines.
- Active TQM/QA Processing: Total Quality Management (TQM) and Quality Assurance (QA) are critical for continuous improvement and compliance. This feature ensures that quality standards are maintained throughout the supply chain.
- Thin Systems Integrations: Efficient integration with third-party components is essential for smooth operations. This feature ensures that the ERP system can quickly adapt to new technologies and components, minimizing downtime.
- Active Compliance and Policy Management: The oil and gas industry is heavily regulated. This feature helps manage compliance with various federal, state, and tribal regulations, ensuring that the company avoids costly penalties.
- Standardized Data Processes: Standardized processes ensure long-term stability and lower maintenance costs. This feature helps maintain a consistent and efficient data management system, crucial for operational efficiency.
Choosing the right ERP software for your oil and gas business can significantly impact your operational efficiency and compliance. By focusing on these key features, you can ensure that your ERP system meets the unique demands of the industry, helping you stay competitive and compliant.
Benefits of Oil and Gas ERP Software
Enterprise Resource Planning (ERP) software is a critical tool for the oil and gas industry, offering a range of benefits that help to support operations, enhance productivity, and ensure compliance with industry regulations. Understanding these benefits can help potential buyers to make an informed decision about ERP implementation in their organizations.
- Management of Business Processes: ERP software integrates various business processes into a single system, allowing real-time access to critical information. This integration helps manage complex operations such as rig management, land and water management, and site engineering, thereby boosting productivity and efficiency.
- Easy Integration: ERP systems can be easily integrated with third-party applications, providing a consolidated view of resources and expenses. This integration is valuable for meeting production deadlines and ensuring timely deliveries, which is crucial in the oil and gas industry.
- Enhanced Project Management: ERP solutions streamline the management of onshore and offshore projects, ensuring they are completed on time and within budget. The software simplifies complex projects, including joint ventures and international operations, by monitoring local technical assistance, financial obligations, and international regulations.
- Cost Control: ERP systems help control costs and reduce waste by closely monitoring overhead and labor expenses. With a panoramic view of all costs, oil and gas companies can manage their supply and demand chains more efficiently, ensuring legal compliance in international transactions and supporting multiple currencies.
- Improved Asset Management: Real-time asset management through ERP software ensures optimal performance of machinery and utilities. Automated maintenance schedules prevent production disruptions, and meticulous tracking of assets helps in managing them effectively, even after they are retired or damaged.
Implementing ERP software in the oil and gas industry offers numerous benefits. These systems not only enhance operational efficiency but also ensure compliance with industry regulations, making them an indispensable tool for any organization in the sector.
Costs and Pricing of Oil and Gas ERP Software
Understanding the costs and pricing options for oil and gas ERP software is crucial for making an informed decision. These plans are designed to meet the needs of various business sizes and complexities
Below is a breakdown of common plan types, their average prices, and features included:
Plan Comparison Table for Oil and Gas ERP Software
| Plan Type | Average Price | Common Features |
| Free | $0 | Basic financial management, limited asset tracking, and basic reporting |
| Basic | $1,200/month | All basic features, human resources management, compliance, and reporting |
| Premium | $2,500/month | All standard features, advanced analytics, mobile access, and customizable dashboards |
| Enterprise | Custom pricing | All premium features, integration capabilities, predictive maintenance, and dedicated support |
When considering each plan, think about your specific needs, the size of your business, and the complexity of your operations. Choose the plan that offers the right balance of features and cost for your requirements.
Oil and Gas ERP Software FAQs
Still trying to wrap your head around how oil and gas ERP software can streamline your operations? Here are some answers to frequently asked questions that should help:
How does oil and gas ERP software manage assets?
Oil and gas ERP software tracks the lifecycle of assets from acquisition to disposal. It helps schedule maintenance, monitor performance, and optimize asset usage.
What is predictive maintenance in oil and gas ERP software?
Predictive maintenance uses data analytics to forecast equipment failures. It helps prevent downtime and extends the lifespan of assets.
How does oil and gas ERP software handle supply chain management?
The software optimizes the supply chain by tracking inventory, managing suppliers, and coordinating logistics. It ensures timely delivery and reduces costs.
Can oil and gas ERP software be customized?
Yes, many oil and gas ERP solutions offer customizable dashboards and workflows. This flexibility helps meet specific business needs and preferences.
How does oil and gas ERP software enhance decision-making?
By providing real-time data and advanced analytics, the software supports informed decision-making. Managers can quickly respond to changing conditions and opportunities.
What types of reporting are available in oil and gas ERP software?
The software offers various reporting options, including financial reports, compliance reports, and operational performance dashboards. These reports help track and improve business performance.
Is training available for oil and gas ERP software users?
Yes, most providers offer comprehensive training programs. These may include interactive product tours, webinars, and support documentation.
How do I choose the right oil and gas ERP software for my business?
Evaluate your business needs, budget, and required features. Look for software with strong customer reviews and reliable support options.
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