Acquisition signals an evolution in the way companies plan and manage core assets

Calgary, AB -- (ReleaseWire) -- 06/27/2017 -- 3esi-Enersight, the oil and gas industry's leading provider of solutions for integrated strategy, planning and reserves today announced it has acquired Energy Navigator.

Energy Navigator is the creator of Value Navigator (Val Nav), the industry's most trusted reserves evaluation and management software, and AFE Navigator (AFE Nav), the market leading AFE workflow, approvals and capital tracking system.

The acquisition brings together two technology pioneers and thought leaders in the petroleum planning and reserves space and signals an evolution in the way companies plan and manage their core assets. The new 3esi-Enersight solution will provide the world's oil and gas companies with a unified view of their data, workflows and assets while ensuring that reserves management and asset level decisions are closely linked to corporate level strategy and planning. The result will be significantly improved short-term results and long-term value creation.

"Our industry has evolved significantly, especially in the past few years of economic turmoil. It is vital for companies to ensure that all operational decisions align with corporate-level priorities, of which reserves and technical evaluations are a critical component," said Wayne Sim, CEO of 3esi-Enersight. "3esi-Enersight's vision for the petroleum industry is the complete integration of data and workflows from the reservoir to the boardroom, enabling companies to plan more effectively and respond faster to market and operational volatility. This acquisition adds the final core capability to a complete solution that we have built over the past decade. It also unites two teams of respected experts in the field who will provide a combination of software, service and expertise that is unmatched in the industry."

From technical reserves evaluation featuring custom decline curve analysis routines and algorithms to forecasting, reserves reconciliation and corporate reserves reporting, Energy Navigator's Val Nav Engineering and Reserves software is already considered by many operators as the most complete and innovative reserves management solution available today.

Energy Navigator's AFE Nav software is the most advanced AFE workflow and approvals tool in the industry, helping companies improve spending controls and avoid cost overruns while accelerating approval times for capital expenditures by up to 75% over existing systems.

By seamlessly integrating Val Nav and AFE Nav capabilities into their market leading solution for integrated strategy, planning and execution, 3esi-Enersight promises to close the gap between planning and reserves management, providing a single source of truth for petroleum company value and plans for growth.

"The Energy Navigator team is excited to join the 3esi-Enersight family," said Energy Navigator President Boyd Russell. "Our leadership teams and our talented employees share a similar culture and vision. For the Energy Navigator team, this is an opportunity to continue delivering on our promise of 'A Better Way' – giving our clients access to more integrated tools with which to make better decisions. I look forward to seeing how our combined talents will continue to transform the industry."

Financial details of the acquisition were not disclosed.

About 3esi-Enersight
3esi-Enersight is the E&P industry's leading provider of solutions for integrated strategy, planning and reserves, trusted by thousands of executives and technical decision makers in companies that include NOC's, Super Majors, Emerging Operators, investors and consultants. From corporate strategy and planning to operations, capital management and reserves, 3esi-Enersight solutions are deployed in every region of the globe, helping customers make better investment decisions across conventional, unconventional, onshore and offshore assets.

With over 400 customers worldwide, no other solution provider is trusted by more oil and gas companies to deliver the reserves evaluations they rely on and the petroleum investment plans critical to shareholders' success.

What makes 3esi-Enersight the global leader?

Unmatched Industry Expertise - 3esi-Enersight delivers deep industry expertise including relevant firsthand experience in E&P strategy, planning, development, capital management, economic evaluation and reserves.

World Class Service - The global 3esi-Enersight team possesses a passion for long-term customer success, exceptional technical knowledge and proven experience designing, implementing and integrating a broad range of software solutions for the E&P industry.

Complete Integrated Solution - 3esi-Enersight helps companies eliminate data re-entry, missing data, re-work, and duplicated efforts by integrating all data and workflows so engineers and planners can focus their time on analysis and decision-making. 3esi-Enersight's integrated solution includes:

Strategy & Portfolio - Strategy Evaluation, Portfolio Optimization, and Uncertainty Analysis.

Business Planning – Long Range Planning, Corporate Consolidation, Look-backs and Latest Estimates.

Asset Development – Field Development Planning, Surface Network Modelling, Operational Scheduling and

Production Forecasting.

Capital Management – Budgeting & Reforecasting; AFE Workflows; Readiness Workflows and Capital Tracking.

Reserves Management – Reserves Estimation & Decline Curve Analysis, Reserves Reconciliation, Reserves Classification & Regulatory Reporting

Petroleum Economics & Fiscal Regimes – Economic evaluation, Incremental Economics and fully transparent, auditable Economic Fiscal Regimes

For more information please visit 3esi-Enersight.com.

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3esi-Enersight's Upstream Planning Conferences attract planners in 3 cities across the globe

Calgary, AB -- (ReleaseWire) -- 12/09/2016 -- 3esi-Enersight, the world leading provider of solutions for integrated strategy, planning and execution in upstream oil and gas held its inaugural Upstream Planning Conference series in 3 cities across the globe this past November. The UP Conferences attracted more than 250 attendees from 70 upstream oil, plus guests from solution providers, financial firms and industry consultants.

UP Conferences were held in three oil and gas hubs around the world, including Brisbane, Australia, Houston, Texas and Calgary, Alberta for the final event of the year. The theme of the conferences was "Integrated Solutions for Upstream Planning." Attendees gathered to share experiences and learn best practices for upstream oil and gas planning.

"We created this conference, the first of its kind, with the goal of learning. It is a forum for the upstream planning community to come together and share experiences; a collaborative opportunity for all of us to learn from each other," said Wayne Sim, CEO of 3esi-Enersight. "The current downturn in our industry presents challenges, but also opportunities. Everyone agrees that today, more than ever, informed and disciplined investment decisions supported by agile and responsive planning processes are a must for upstream companies to not just survive, but to prosper. The UP Conference was built with this need in mind."

The one-day conferences featured dozens of presentations, keynote speakers and industry panel discussions focused on the 2017 outlook for strategy and planning in the upstream oil and gas industry. Presenters included planners and other decision makers from a broad array of energy companies around the globe.

"As the Upstream Planning Conference evolves, an even broader cross-section of the industry will be invited to connect, address challenges and explore solutions" said Deane Stewart, 3esi-Enersight's Chief Technology Officer. "We expect this conference to grow and evolve with the industry, as a central forum for our customers and for all industry planners to connect and engage."

Dates for the 2017 conferences are still to be determined. 3esi-Enersight has created a sign up link for those interested in being included on 2017 UP Conference communications.

About 3esi-Enersight Corporation
3esi-Enersight is the world leading provider of solutions for integrated strategy, planning and execution in upstream oil and gas. From the field, to the boardroom, in operations across 6 continents, 3esi-Enersight is empowering E&P organizations to maximize the value of their upstream portfolios and stay ahead of the competition. Their planning and petroleum economics solutions help customers work more efficiently across teams and functions and make better strategy and planning decisions based on data they can trust.

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Alliance will deliver Decision Quality Planning Solutions to upstream oil and gas.

Calgary, AB -- (ReleaseWire) -- 11/15/2016 -- 3esi-Enersight, the world leading provider of solutions for integrated strategy, planning and execution in upstream oil and gas, and Decision Frameworks, the industry's leading Decision Quality enablement firm, have announced a strategic alliance to deliver Decision Quality Planning Solutions to upstream oil and gas.

"We are excited to be working with Decision Frameworks," said Wayne Sim, CEO of 3esi-Enersight. "We are both dedicated to helping oil and gas companies make the best decisions for their business. They have the expertise and technology to help make enersight™ even more efficient and effective for our customers."

enersight™ development planning software provides the industry with the most accurate continuous forecasts and development plans for diverse assets. As part of the alliance, Decision Frameworks will enhance the enersight™ client experience by incorporating their approach to Decision Quality, which includes a decision tree link through its TreeTop Enterprise™ software to enersight™. This integration allows for practical uncertainty analysis and quick scenario generation to be incorporated into enersight™ models, providing clients with the ability to understand how sensitivities across different aspects of their field development plans affect value, capital requirements and other important decision metrics. The result is better scope, defined options, clarity of impact on important metrics and in turn better and more efficient evaluations in enersight™.

"This alliance will help to hasten the expansion of Decision Quality in the industry by providing the ability to frame and perform insightful uncertainty analysis on both conventional and unconventional assets," said Ellen Coopersmith, President of Decision Frameworks. "Together, we are now able to provide the industry with a unique and robust solution to efficiently incorporate Decision Quality into our customer's asset development planning workflows across the globe."

About 3esi-Enersight
3esi-Enersight is the world-leading provider of solutions for integrated strategy, planning and execution in upstream oil and gas. From the field to the boardroom, in operations across six continents, 3esi-Enersight is empowering E&P organizations to maximize the value of their upstream portfolios and stay ahead of the competition.

For more information about 3esi-Enersight, or to arrange a demonstration of their solutions, explore their website at www.3esi-Enersight.com.

About Decision Frameworks
Decision Frameworks is a renowned Decision Quality enablement firm providing consulting, training and software to build a sustainable Decision Quality culture within client organizations. Decision Frameworks champions Decision Quality with engagements ranging from full implementations to targeted support of in-house teams. Skill development is fostered through hands-on practicums and real-world workshops supported by state of the art Decision Quality software. Founded in 1999, Decision Frameworks has offices in Houston, Calgary, London, Hamburg and Adelaide and services clients worldwide.

Find out more at www.DecisionFrameworks.com.

enersight™ is a registered trademark of 3esi-Enersight
TreeTop Enterprise™ is a registered trademark of Decision Frameworks L.P.

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Petroleum planning and economics solutions listed in three categories.

Calgary, AB -- (ReleaseWire) -- 08/17/2016 -- 3esi-Enersight, the world leading provider of solutions for integrated strategy, planning and execution in upstream oil and gas today announced it has been listed as a sample vendor in multiple categories of Gartner's "Hype Cycle for Oil and Gas Technologies, 2016" published July 21, 2016. 3esi-Enersight has been listed in three categories: Integrated Planning and Operations, Portfolio Management Solutions and Petroleum Economics Solutions.

"We are proud to be mentioned in what we feel is an important report from Gartner", says Wayne Sim, CEO of 3esi-Enersight. "From strategic decision making to integrated business planning and operational execution, 3esi-Enersight provides the industries the most complete, most trusted portfolio and planning solutions for upstream oil and gas. We believe this report only reinforces our mission to transform the way modern energy companies maximize value in our industry."

According to the Gartner "Hype Cycle for Oil and Gas Technologies, 2016" report, "Digital technologies have become important because industry priorities have shifted from IT cost reduction to business performance optimization. Despite tight financial conditions, companies continue funding attractive digital investments. However, it has become a challenge to assess the overwhelming number of potential technologies and filter out the best candidates. By shortlisting the most relevant technologies for oil and gas, and by assessing the benefits, risks and maturity level for each, this Hype Cycle can help companies focus and make rapid decisions."

Source: Gartner, Inc., "Hype Cycle for Oil and Gas Technologies, 2016," by Rich McAvey, Morgan Eldred, 21 Jul 2016.

About 3esi-Enersight
From the field to the boardroom, in operations across six continents, 3esi-Enersight is empowering E&P organizations to maximize the value of their upstream portfolios and stay ahead of the competition.

3esi-Enersight offers a broad spectrum of oil and gas software solutions. 3esi-Enersight petroleum planning technologies have been deployed for planning conventional and unconventional assets, on-shore and offshore programs, and across a wide array of upstream workflows from corporate strategy to petroleum planning, field development and in-year capital management of E & P assets.

For more information about 3esi-Enersight, or to arrange a demonstration of their solutions, explore their website at http://www.3esi-enersight.com/gartner-hype-cycle-2016/.

Gartner Disclaimer
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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Jay Bachman joins 3esi-Enersight executive leadership team

Calgary, AB -- (ReleaseWire) -- 07/12/2016 -- 3esi-Enersight, the world leading provider of solutions for integrated strategy, planning and execution in upstream oil and gas today announced that Jay Bachman has joined the company as its new Chief Financial Officer (CFO).

Bachman has over 15 years of successful senior financial experience with key responsibilities related to financial reporting, treasury, tax, investor relations, information systems, acquisitions and divestitures. Prior to joining 3esi-Enersight, he most recently served as Vice-President, Investor Relations and Treasurer with Superior Plus Corp., a publicly traded diversified corporation. Bachman holds a Bachelor of Commerce and a Masters of Professional Accounting from the University of Saskatchewan. He became a Chartered Accountant in 2002.

"We are very fortunate to have Jay join our executive leadership team," says Wayne Sim, CEO of 3esi-Enersight. "Jay brings with him a deep understanding of what our company needs in order to execute on our aggressive growth strategy. His experience and expertise are a welcome addition to our strong, dynamic leadership team."

About 3esi-Enersight
3esi-Enersight is the world-leading provider of solutions for integrated strategy, planning and execution in upstream oil and gas. From the field to the boardroom, in operations across six continents, 3esi-Enersight is empowering E&P organizations to maximize the value of their upstream portfolios and stay ahead of the competition.

For more information about 3esi-Enersight, or to arrange a demonstration of their solutions, explore their website at www.3esi-Enersight.com.

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Market leader to showcase their integrated platform for petroleum economics and business planning

Houston, TX -- (ReleaseWire) -- 05/04/2016 -- 3esi-Enersight, the world leading provider of solutions for integrated strategy, planning and execution in upstream oil and gas will be showcasing their integrated solution as one unified company at SPE HEES on May 17th and 18th. The company is proud once again to be the symposium's Corporate Sponsor.

3esi-Enersight offers an integrated platform for petroleum economics and business planning, helping upstream companies make key decisions, faster, with integrated data they can trust. 3esi-Enersight continually supports SPE in their mission to provide a forum for the industry to discover best practices and the latest technologies related to hydrocarbon economics and evaluation processes.

"The oil and gas industry has increasingly realized the importance of taking a holistic approach to valuing oil and gas assets. In today's volatile market, this is more important than ever" said Neil Buckley, Executive Vice President, Products at 3esi-Enersight. "Effective decision making requires clear visibility into both strategic and operational priorities and this must be combined with transparent economics in order to optimize capital allocation and ROI. 3esi-Enersight offers the industry's first end-to-end platform which includes the integrated software and the expertise needed to achieve this goal."

This year's symposium will take place May 17th and 18th at the Royal Sonesta Hotel in Houston, Texas. The theme for 2016 is, "Fundamental Drivers, Commodity Cycles, and the Dynamics of Oil and Gas Valuation."

At the event, 3esi-Enersight will officially launch their integrated product suite, and 3esi-Enersight Strategic Consultants will co-present in multiple technical sessions covering topics ranging from Portfolio Management and Uncertainty Analysis to Business Planning and Asset Evaluation.

The company has published a preview of the paper, "An Investigation into Uncertainty Correlation in Resource Plays" which will be presented by 3esi-Enersight Principal Consultant Jim DuBois.

For more information on 3esi-Enersight, explore their website at www.3esi-Enersight.com or visit them in person at booth #5 at HEES.

About 3esi-Enersight
3esi-Enersight is the world-leading provider of solutions for integrated strategy, planning and execution in upstream oil and gas. From the field, to the boardroom, in operations across six continents, 3esi-Enersight is empowering E&P organizations to maximize the value of their upstream portfolios and stay ahead of the competition. Their solutions help customers work more efficiently across teams and functions and make better strategy and planning decisions based on data they can trust.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

3esi-Enersight now the leader in integrated strategy, planning, and execution for upstream oil and gas.

Calgary, AB -- (ReleaseWire) -- 02/16/2016 -- 3esi and Enersight Corporation, leading providers of strategy and planning solutions for the exploration and production sector today announced they have entered into a definitive merger agreement to form 3esi-Enersight www.3esi-Enersight.com, the global leader in solutions for integrated strategy, planning, and execution in upstream oil and gas.

"For more than 10 years, both 3esi and Enersight have successfully helped upstream companies make better planning decisions, through best of breed solutions across their organizations," said Wayne Sim, CEO of 3esi-Enersight. "Today we are uniting our strengths to provide greater value to customers through integrated data and workflows across strategy, planning, and execution."

3esi and Enersight will combine their organizations and product portfolios to create a world-class enterprise planning solution supported by an experienced services and consulting team. Enersight leadership will join the 3esi-Enersight executive leadership team, including President and co-founder Neil Buckley who will assume the role of Executive Vice President, Products.

"Bringing 3esi and Enersight together greatly enhances the end-to-end technology platform and expertise available to our customers and the global market," said Neil Buckley. "3esi-Enersight now provides fully integrated planning solutions that improve the quality of information going into planning, the strategic insight coming out of planning, and the ability to track and measure actual performance against a plan in near real time."

This merger follows several acquisitions 3esi made in 2015 to support their international growth strategy. Late last year, the company announced a growth investment from Rubicon Technology Partners, a private equity firm specializing in enterprise software companies, to help drive 3esi's growth through new product innovations and further acquisitions of complementary technologies.

Pagemill Partners served as financial advisor to 3esi.

About 3esi-Enersight
3esi-Enersight (http://www.3esi-Enersight.com) is the world leading provider of solutions for integrated strategy, planning and execution in upstream oil and gas. Our solutions help customers work more efficiently across teams and functions to make better strategy and planning decisions based on data they can trust. From the field, to the boardroom, in operations across 6 continents, 3esi-Enersight is empowering E&P organizations to maximize the value of their upstream portfolios and stay ahead of the competition.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New investment positions 3esi for significant growth

Calgary, AB -- (ReleaseWire) -- 11/30/2015 -- 3esi (www.3esi.com), a leading provider of Integrated Portfolio, Planning, and Execution solutions for upstream oil and gas, today announced a significant growth investment from Rubicon Technology Partners, a private equity firm specializing in enterprise software companies.

"We are excited to be partnering with Rubicon Technology Partners," explained Wayne Sim, CEO of 3esi. "Their resources and expertise will be valuable for 3esi as we scale the business to establish ourselves as the leading global provider of front office solutions for oil and gas companies."

3esi has experienced rapid growth, both organic and through recent acquisitions of two complementary companies focused on upstream oil and gas. "2015 was an important year for 3esi as we delivered on our strategy to partner with other industry leaders, and to successfully integrate their products and people into the 3esi family," said Sim. "With this investment, we will accelerate our efforts to grow organically and to attract other industry success stories, and their talented teams to 3esi."

"Rubicon is excited to partner with Wayne and the 3esi team," said Steve Carpenter, Partner at Rubicon Technology Partners. "The oil and gas industry is undergoing dynamic change and partners like 3esi, with integrated solutions and deep industry experience, will be critical for companies who want to maximize value in these uncertain times."

Pagemill Partners served as financial advisor to 3esi.

About 3esi
3esi (www.3esi.com) is an international company headquartered in Calgary, Alberta, Canada created to assist Exploration and Production (E&P) companies to maximize shareholder value by better understanding, managing, and optimizing the E&P Supply Chain. Their leading solutions for integrated Portfolio, Planning, and Execution have been helping companies make better capital decisions and improve planning processes since their first launch in 2005. Since that time, 3esi customers have been achieving more consistent and predictable results across the entire oil and gas value chain, in more than 100 installations worldwide.

About Rubicon Technology Partners
RUBICON invests in enterprise software companies with proven products and talented management teams. Rubicon is a value-added investor that helps companies drive growth by leveraging the firm's operating experience and modular process framework. For more information, visit www.rubicontp.com.

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Upstream Oil and Gas Solution Provider honored for third consecutive year

Calgary, AB -- (ReleaseWire) -- 11/17/2015 -- This past week Deloitte announced the winners of its prestigious 2015 Technology Fast 50™ and Fast 500™ awards, given to some of the fastest growing technology companies in Canada and North America respectively.

For the third straight year, 3esi (http://www.3esi.com) was named as one of the 50 fastest growing technology companies in Canada in the Deloitte Technology Fast 50™, based on percentage of revenue growth over the past 4 years. They were also listed on Deloitte's North America Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.

The Deloitte Technology Fast 50™ program celebrates leaders in the Canadian technology industry and tracks the successful growth of Canadian-grown leaders. The program augments the broader Deloitte North American Technology Fast 500™ initiative with winners automatically eligible for this elite ranking.

3esi's CEO, Wayne Sim, credits their companies continued growth to the unparalleled depth of their integrated solutions for upstream portfolio, planning, and execution.

"We are honored to be recognized by Deloitte for the third straight year." Says Sim. "Our continued growth is a testament to the trust 3esi is building with our growing list of customers around the globe. Our solutions are helping customers maximize business value, and manage execution across their entire organization"

To qualify for the Deloitte Technology Fast 50™ ranking, companies must have been in business for at least four years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, conduct research and development activities in Canada and invest a minimum of five percent of gross revenues in R&D.

"Fast 50 companies are innovators that transform great ideas into stunning realities," said Robert Nardi, Technology, Media and Telecommunications Managing Partner for Deloitte Canada. "Their passion and determination makes them all inspiring success stories. They are vital to the Canadian technology sector."

About the Deloitte Technology Fast 50™ and Fast 500™
The Deloitte Technology Fast 50™ program is Canada's pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features three distinct categories including the Technology Fast 50™ Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than four years, with the potential to be a future Deloitte Technology Fast 50™ candidate) and the Leadership Awards (companies that demonstrate technological leadership and innovation within the industry.) Program sponsors include Deloitte, Bank of Montreal, Bennett Jones, OMERS Ventures and Vistara Capital Partners.

For further information, visit http://www.fast50.ca.

The Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies – both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2011 to 2014.

About 3esi
3esi (http://www.3esi.com) is an international company headquartered in Calgary, Alberta, Canada created to assist Exploration and Production (E&P) companies to maximize shareholder value by better understanding, managing, and optimizing the E&P Supply Chain. Their leading solutions for integrated portfolio, planning, and execution have been helping upstream oil and gas companies make better capital decisions and improve planning processes since their first launch in 2005. Since that time, 3esi customers have been achieving more consistent and predictable results across the entire oil and gas value chain, in more than 100 installations worldwide.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Hype Cycle helps Oil and Gas decision makers identify the maturity and assess the risk of new digital technologies

Calgary, AB -- (ReleaseWire) -- 10/06/2015 -- 3esi (http://www.3esi.com), the leading provider of Portfolio, Planning, and Execution solutions for upstream oil and gas today announced it has been listed as a sample vendor in multiple categories of Gartner's "Hype Cycle for Oil and Gas Technologies, 2015" published August 4th, 2015. 3esi was listed in both the Integrated Operations Planning and Portfolio Management Solutions categories.

"We are proud to be mentioned in this important report from Gartner", says Wayne Sim, CEO of 3esi. "From strategic decision making to integrated business planning and operational execution, 3esi is providing the most complete, most trusted portfolio and planning solutions for upstream oil and gas. We believe that this report only reinforces our mission to transform the way companies maximize value in our industry."

According to the Gartner "Hype Cycle for Oil and Gas Technologies, 2015" report, "Integrated operations planning (IOP) solutions enable comprehensive planning, optimization and execution of operational activities from concept to implementation with a high degree of transparency and a low degree of data administration."

Portfolio Decisions, a provider of Portfolio Management and Optimization solutions, recently acquired by 3esi, was also listed alongside 3esi as a sample vendor in the report under the category of Portfolio Management Solutions. According to the Gartner report, "Portfolio management solutions (PMSs) capture historical and forecast data on operating upstream assets, major capital projects and potential future investments to create a comprehensive, high-level simulation of future business performance under a variety of scenarios."

Source: Gartner, Inc., "Hype Cycle for Oil and Gas Technologies, 2015," by Rich McAvey, 4 Aug 2015.

About 3esi
3esi is an international company headquartered in Calgary, who assists Exploration and Production (E&P) companies in maximizing shareholder value by better understanding, managing, and optimizing the E&P Supply Chain. 3esi's leading solutions for Portfolio, Planning, and Execution have been helping upstream oil and gas companies make better capital decisions and improve planning processes since their first launch in 2005. Since that time, 3esi customers have been achieving more consistent and predictable results across the entire oil and gas value chain.

About Portfolio Decisions
Portfolio Decisions, now a part of 3esi, is a software and consulting firm focused on helping companies address strategic decisions involving risk or uncertainty, in order to increase value, balance performance, and meet company goals. Their flagship product, Perspectives™ provides decision makers with powerful insights by combining strategy development with portfolio optimization and uncertainty analysis. Perspectives™ has modeled thousands of strategic decisions related to areas such as capital allocation, portfolio management, mergers, acquisitions, and divestitures. With Perspectives™, analysis that previously took weeks or months can now be done in hours or days.

Gartner Disclaimer
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

For more information about 3esi, or to arrange an interview, please contact Jeremy Greene (403-648-4628) or visit their website at www.3esi.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Industry leaders combine to provide the most complete solution for upstream portfolio planning and decision making.

Calgary, AB -- (ReleaseWire) -- 09/01/2015 -- 3esi (www.3esi.com), a leading provider of integrated business planning and operations solutions for upstream oil and gas, today announced it has acquired Portfolio Decisions, a leading provider of strategic consulting and portfolio optimization software.

"In our industry, there is no other company with their depth of experience and level of expertise in the optimization of corporate portfolios and guidance on strategic decision-making" says Wayne Sim, CEO of 3esi. "Portfolio Decisions is widely recognized as a thought leader in our space. Their expert consulting services and portfolio optimization solutions are in high demand across the globe."

The Portfolio Decisions consulting team will form the core of the expanded 3esi Strategic Consulting Group, lead by Portfolio Decisions Founder and longtime industry veteran John Howell III. "We are extremely excited to be joining the 3esi team", says Howell. "Now more than ever, upstream oil and gas companies require solution providers that can not only help guide their strategic level decisions, but also provide the tools and expertise that will help them link these decisions with the planning and execution required to drive value for shareholders."

3esi now offers the most complete solution for decision making in upstream oil and gas, with integrated tools for everything from field development planning to corporate planning and strategy development. The company has been rapidly expanding its global operations with offices around the world. They have been ranked for two years straight in Deloitte's Fast 50™ and Fast 500™, recognizing the fastest growing technology companies in Canada and North America respectively.

Portfolio Decisions flagship product, Perspectives™ is the industry's only application that provides advanced optimization and uncertainty analysis that quantifies the risk involved in key decisions. The software has been leveraged by more than 100 companies to make better decisions around complex situations such as mergers, acquisitions, and Divestitures that often have numerous related risks and constraints which need to be considered as part of the broader picture.

esi.manage is 3esi's award winning solution for integrated business planning in upstream oil and gas. Featuring a completely integrated petroleum economics engine, the adaptable software addresses customers' needs for systematic workflows, cross-functional data sharing, and enterprise integration that supports their organizational and geographical complexities.

About 3esi
3esi is an international company headquartered in Calgary, Alberta, Canada created to assist Exploration and Production (E&P) companies in maximizing shareholder value by better understanding, managing, and optimizing the E&P Supply Chain. 3esi's leading solutions for Integrated Business Planning and Operations have been helping upstream oil and gas companies make better capital decisions and improve planning processes since their first launch in 2005. Since that time, 3esi customers have been achieving more consistent and predictable results across the entire oil and gas value chain, in more than 75 installations worldwide.

About Portfolio Decisions
Portfolio Decisions, now a part of 3esi, is a software and consulting firm focused on helping companies address strategic decisions involving risk or uncertainty, in order to increase value, balance performance, and meet company goals. Portfolio Decisions flagship product, Perspectives™ provides decision makers with powerful insights by combining strategy development with portfolio optimization and uncertainty analysis. Perspectives has modeled thousands of strategic decisions related to areas such as capital allocation, portfolio management, mergers, acquisitions, and divestitures. With Perspectives™, analysis that previously took weeks or months can now be done in hours or days.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Growing upstream planning software company expands leadership team

Calgary, AB -- (ReleaseWire) -- 06/08/2015 -- 3esi, a world-leading provider of integrated planning and operations solutions for upstream oil and gas today announced two executive appointments that will strengthen the company's global leadership team.

Bruce MacDonald was appointed as 3esi's Chief Financial Officer. Mr. MacDonald is a Chartered Accountant with extensive leadership experience in software and technology companies such as Labrador Technologies, P2 Energy Solutions, and Qbyte Services Limited.

Joseph Tischner was named as Vice President of US Operations. Mr. Tischner brings with him more than 25 years of success leading the sales and marketing of enterprise solutions to the upstream oil and gas industry with companies that include PointCross E&P, Landmark / Halliburton, and iSAFE solutions.

"Bruce and Joe are important additions to 3esi as we continue to execute on our aggressive growth strategy," said Wayne Sim, CEO of 3esi. "The impressive experience and industry expertise that Bruce and Joseph bring will be a welcome addition to our already strong leadership team."

Bruce will be located at 3esi headquarters in Calgary, Alberta, while Joe will oversee US operations from the company Houston office.

For more information about 3esi, or to arrange a short demonstration of their innovative solutions for business planning, economic modelling and portfolio optimization, please visit their website at http://www.3esi.com

About 3esi
3esi is an international company headquartered in Calgary, Alberta, Canada created to assist Exploration and Production (E&P) companies to maximize shareholder value by better understanding, managing, and optimizing the E&P Supply Chain. 3esi's leading solutions for Integrated Business Planning and Operations have been helping upstream oil and gas companies make better capital decisions and improve planning processes since their first launch in 2005. Since that time, 3esi customers have been achieving more consistent and predictable results across the entire oil and gas value chain, in more than 75 installations worldwide.

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Vendors selected for the Cool Vendors report are innovative, impactful and intriguing

Calgary, AB -- (ReleaseWire) -- 05/07/2015 -- 3esi http://www.3esi.com, a leading provider of upstream oil and gas planning solutions, today announced it has been included in the list of "Cool Vendors" in the "Cool Vendors in Oil and Gas, 2015" report by Gartner, Inc. published April 21, 2015.

"For 3esi, we believe our inclusion in the Cool Vendor report by Gartner is another independent confirmation that we are helping decision makers across the Exploration and Production sector with innovative and impactful solutions to develop and deliver on plans that maximize value for their shareholders," said Wayne Sim, CEO and co-founder of 3esi. "Now more than ever, our customers require solutions that will bridge the growing gap between planning and execution. Our company is 100% focused on the growing Integrated Business Planning and Operations market for Upstream Oil and Gas. We offer industry-leading solutions for portfolio management and optimization, long term planning, budgeting, capital management, economic evaluation, field development, activity scheduling, and resource planning. Our solutions are completely integrated, and designed to deliver maximum value for all stakeholders."

Headquartered in Calgary, Alberta, 3esi's continued success has led to rapid global expansion, with the opening of offices in the Houston, London, Bogota, Melbourne, Auckland, and Dubai. 3esi software solutions, including their flagship planning product esi.manage, have been deployed in over 80 installations worldwide.

For more information about 3esi, or to arrange a short demonstration of their solutions, visit their website at http://www.3esi.com/contact-us/

Gartner Disclaimer
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About 3esi
3esi is an international E&P software and services company committed to serving the Oil and Gas industry through innovative Integrated Business Planning and Operations Solutions.

For more information, please visit http://3esi.com/contact-us/

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Upstream oil and gas solution providers combine to expand Canadian market leadership

Calgary, AB -- (ReleaseWire) -- 01/16/2015 -- 3esi (www.3esi.com), a leading provider of integrated business planning and operations solutions for the Exploration and Production sector, today announced it has acquired COGS Solutions (www.cogss.com), a Calgary based provider of capital management and budgeting software for upstream oil and gas companies.

Founded in 2005, and headquartered in Calgary, 3esi has been rapidly expanding its global operations with offices in the United States, United Kingdom, Spain, Australia, Columbia, United Arab Emirates and New Zealand. The company was recently ranked in Deloitte's Fast 50™ and Fast 500™, recognizing the fastest growing technology companies in Canada and North America respectively.

"As another Calgary based company with similar values around community, team, and transforming our industry for the better, COGS solutions was a perfect fit for us" says Wayne Sim, co-founder and CEO of 3esi. "The obvious synergies between our two companies will have benefits for both customers and employees, short and long term. Demand for our solutions is increasing every day as more and more operator's look for ways to deliver increased value for investors out of portfolios that are under increasing pressure. We have been seeking an opportunity such as this for some time as we strive to deliver on our founding goal of providing comprehensive solutions for operators of every size, across all tiers of the upstream oil and gas industry."

COGS solutions President and co-founder Duncan McDonald will stay on with 3esi post-acquisition assuming the role of Vice President, Planning Products. "I, along with the entire COGS team, am thrilled to be joining the 3esi family. 3esi is a fantastic company, with a great story and incredible potential" says McDonald. "This acquisition is a natural union of both company's industry expertise and experience. Over many months of discussion with 3esi it became apparent that our complimentary products and our common vision were a natural fit. We are extremely excited about what the combination of our two teams will achieve in this dynamic industry over the coming years".

For more information about 3esi, or to arrange an interview, please contact Jeremy Greene - info@3esi.com - or visit their website at http://www.3esi.com

About 3esi
3esi is an international company headquartered in Calgary, Alberta, Canada created to assist Exploration and Production (E&P) companies in maximizing shareholder value by better understanding, managing, and optimizing the E&P Supply Chain. 3esi's leading solutions for Integrated Business Planning and Operations have been helping upstream oil and gas companies make better capital decisions and improve planning processes since their first launch in 2005. Since that time, 3esi customers have been achieving more consistent and predictable results across the entire oil and gas value chain, in more than 75 installations worldwide.

About COGS Solutions
Calgary based COGS Solutions provides industry-changing software for capital management, budgeting, forecasting and corporate planning. With COGS' software solutions, companies can monitor the real-time health of their business, instantly see their overall spend, ensure budgeted capital matches production goals, and automate access to AFE information. Since its inception in 2004, the COGS team of business and software experts has

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Upstream Oil and Gas software company wins for second consecutive year

Calgary, AB -- (ReleaseWire) -- 11/26/2014 -- This past week Deloitte announced the winners of its prestigious Technology Fast 50™ and Fast 500™ awards, given to some of the fastest growing technology companies in Canada and North America respectively.

For the second straight year, 3esi (www.3esi.com) was named as one of Canada's 50 fastest growing technology companies in the Deloitte Technology Fast 50™. They were also listed on Deloitte's North America Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.

3esi is a world leading provider of integrated business planning and operations solutions for upstream oil and gas companies around the world. Over the past 5 years their rapid expansion has led to several new global offices, including their most recent 2014 openings in Columbia and Dubai. Their software solutions for petroleum planning and portfolio optimization are now used in over 80 installations worldwide.

"3esi is honored to be recognized by Deloitte once again," says Wayne Sim, 3esi CEO and co-founder. "Our growth over the past 5 years is a tribute to the trust that more and more leaders in upstream oil and gas are putting in our solutions to help them achieve more consistent and predictable results across the entire value chain."

Deloitte Technology Fast 50™ and Fast 500™ winners are ranked based on percentage of revenue growth over five years. You can see the entire list of this year's winners, as well as past winners at http://www2.deloitte.com.

For more information about 3esi or to arrange a short demonstration of their solutions, visit their website at www.3esi.com

About 3esi
3esi is an international E&P software and services company committed to serving the Oil and Gas industry by creating Integrated Business Planning and Capital Management Software Solutions. For more information, please visit http://www.3esi.com.

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3esi demonstrates its commitment to customers in the Middle East

Calgary, AB -- (ReleaseWire) -- 08/18/2014 -- 3esi (www.3esi.com) provides world leading integrated planning solutions for upstream oil and gas companies around the world. As they continue to expand their global presence, 3esi has announced the opening of their seventh corporate office.

Located in Dubai, this new Middle East office highlights the importance 3esi places on continually improving the service and support they provide to customers.

"3esi has a growing customer base of operators throughout the Middle East who are already taking advantage of the business insights that innovative software like esi.manage can give them into their company-wide planning processes. This new office represents our commitment to deliver the best solutions and services to these customers and to all operators, wherever they work," says Wayne Sim, 3esi Chief Executive Officer.

About 3esi
The new office is being led by Jamal Qakeesh, the newest addition to the global 3esi team. With over 20 years' experience delivering technology solutions to companies in Europe and the Middle East, Jamal will play a critical role in helping 3esi service the complex needs of both new and existing 3esi customers in the region.

"More and more Middle East operators are looking for solutions that will help instill confidence in their most important capital investment decisions," notes Qakeesh. "While other solutions only provide aggregated business data that prevents you from drilling down into the important details, 3esi solutions provide a transparent view of all planning data, from granular to high level, and from operations to the boardroom."

For more information about 3esi or to arrange a short demonstration of their solutions, you can contact Jamal Qakeesh +97.15065.12403

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