Anadarko First of Many Major Buys in 2019
With increased and proven demand of West Texas shale, Anadarko will likely be the first of many major acquisitions this year.
That’s what Lawrence Whittle, the chief executive officer of Parsable, said in a statement sent to Rigzone on Thursday.
In the statement, Whittle added that “there is no doubt” that the oil and gas industry will be closely monitoring the multi-billion dollar acquisition of Anadarko by Chevron or Occidental and said the integration of two large companies “is no small feat”.
“The complexities of such a move, which encompass everything from addressing cultural differences, aligning core business infrastructure and agreeing on business goals and operational processes, are as complex as the Permian Basin itself,” Whittle stated.
According to Whittle, the winning Anadarko buyer will need to take “great care to break down silos and merge operations quickly, safely and effectively”.
“Technology will play an important role in this process, enabling executives and managers to monitor and enforce compliance, enable collaboration and inform best practices and maintain the highest levels of safety despite the volatility that major change can fuel,” Whittle said.
Parsable helps oil and gas companies standardize operating procedures and integrate new business units. The company is headquartered in San Francisco.
Whittle has led technology companies in over 10 countries in the last two decades, all focused on providing enterprise software solutions that drive transformational change for the world’s largest organizations, according to Parsable’s website.
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