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CalEnergy Operating Corporation Licenses P2 Energy Solutions' Tobin LandSuite 5.0 Software

Aug 30, 2007 (12:08 PM EDT)
URL: http://www.techweb.com/show-press-release/X636629/calenergy-operating-corporation-licenses-p2-energy-solutions-tobin-landsuite-5-0-software.html

HOUSTON, Aug. 30 /PRNewswire/ -- P2 Energy Solutions, a leading provider of business software to the energy industry, announces that CalEnergy Operating Corporation has licensed its Tobin LeaseData and Tobin Contracts software and services.

California's geothermal power plants produce about twenty percent of the world's geothermally generated electricity. Located in Brawley, California, CalEnergy operates 10 geothermal electrical generating plants in the Salton Sea Known Geothermal Resource Area, in Southern California's Imperial Valley. The plants produce electricity solely from naturally occurring geothermal resources.

Energy companies operating in the diversified fuel sector face many of the same land and lease management issues as their counterparts in the oil and gas industry. Specifically, in most instances, the company is drilling on land they lease rather than own. As CalEnergy expanded the scope of their operations, so their land management requirements overtook the capabilities of their legacy system. At which time, CalEnergy turned to P2 Energy Solutions; a trusted supplier of land software solutions to both traditional and alternative energy producers alike.

"It was the proven reputation of the Tobin LandSuite in both the conventional and alternative energy sectors that drew us to the product," said Vince Signorotti, vice president, real estate assets, CalEnergy Operating Corporation. "With LeaseData and Contracts, CalEnergy is optimistic we will benefit significantly from the improved ability to manage the financial and contractual obligations related to our land assets."

"Although technology to harness geothermal energy has been around for a long while, a company like CalEnergy is an example of the new sense of ambition and drive we are seeing among our clients in the diversified energy market," said Rick Rivich, senior vice president of sales, P2 Energy Solutions. "Factors such as the breadth of our products and services, large knowledgeable staff and concentrated focus on understanding the commercial and operational needs of energy companies mean that P2 Energy Solutions is perfectly positioned to help CalEnergy meet their ambitious goals. P2 Energy Solutions is excited to embark on what we hope will be a long and successful partnership with CalEnergy."

About CalEnergy Generation

CalEnergy Generation is an international leader in the development and production of energy from diversified fuel sources including geothermal, natural gas and hydroelectric.

Originally based in California, CalEnergy Generation was founded in 1971 to provide consulting and development services for geothermal power production facilities in North America. During the late 1970s, the company recognized the many opportunities presented by emerging industry deregulation in the United States, and CalEnergy Generation began the transition from a service provider to an independent power producer.

Throughout the 1980s, CalEnergy Generation acquired the assets of several United States geothermal facilities and explored opportunities in energy markets around the world. The company relocated to Omaha in 1991 and began to develop geothermal energy projects in the Philippines. In 1994, CalEnergy Generation acquired the assets of Magma Power Company, a United States based geothermal power producer.

About P2 Energy Solutions Inc.

P2 Energy Solutions is the leading provider of spatial data, software and services to professionals responsible for managing land-based assets in a variety of energy industries including oil and gas, alternative energies, utilities, pipelines and government. LeaseData performs the management, payment, billing and report processes associated with the management of a company's leasehold. Tobin Landsuite Contracts supports the contract information needs of administrators, managers, analysts and negotiators; providing immediate access to a company's inventory of contracts.

P2 Energy Solutions focuses on the development and support of data, software and enterprise services to meet the information and business process needs of the energy industry. P2 Energy Solutions is the oil and gas industry's most comprehensive source of asset management solutions including Entelligent, Enterprise Upstream, Excalibur, Qbyte, Tobin Land Suite, Enterprise Land, Tobin GIS Studio and Tobin SuperBase(R). With solutions deployed at more than 500 companies worldwide, P2 Energy Solutions enables clients to achieve greater productivity while maintaining effective controls. The company has a 75-year history of serving the oil and gas industry and understands its workflow processes. P2 Energy Solutions has the breadth and depth of expertise to meet the expanding financial, operational and data management needs of energy companies from private independents to supermajors. More information can be found at http://www.p2es.com .

Contact: Eric Flynn Marketing Director (713) 481-2000 eflynn@p2es.com

CONTACT: Eric Flynn, Marketing Director of P2 Energy Solutions Inc., eflynn@p2es.com+1-713-481-2000,

Web site: http://www.p2es.com/