Pivoten
Revolutionizing Financial Management And Operations For Independent O&G Operators

The domestic oil and gas industry has long faced a range of challenges. Recently, fluctuating energy prices and evolving regulations have come to the forefront, particularly impacting smaller, independent oil and gas operators, who account for about 80 percent of U.S. domestic energy production. These operators manage low-margin production across multiple fields while dealing with the complexities and inefficiencies of decades-old systems.

Founded in 2022 as a bootstrapped company by a fourth-generation oil and gas operator, Pivoten is uniquely positioned to address the challenges facing this critical segment of the domestic energy sector. In late 2022, Pivoten acquired SherWare, an oil and gas accounting software leader, to strengthen its core competencies. By integrating SherWare’s specialized solutions, Pivoten enhanced its ability to offer a comprehensive financial management and operations platform tailored to small and mid-sized operators. Unlike other companies providing software to this market, Pivoten’s team brings decades of hands-on industry experience, offering a deep understanding of both field operations and back-office financial management. This firsthand experience shapes their unique approach to software development.

“Our team’s extensive experience in the industry enables us to understand the unique challenges our clients face daily. We have managed daily production from oil and gas wells, navigated the inefficiencies of legacy back-office systems and experienced firsthand the cost barriers to adopting technology that could improve business efficiency,” says Chris Cantrell, CEO and Founder.

Fast forward to 2024, Pivoten further expanded by acquiring P&C Business Solutions, a company known for its expertise in providing professional services to the oil and gas sector in West Virginia, Ohio and Pennsylvania. This acquisition broadened Pivoten’s offerings, enabling it to provide a complete suite of solutions, including high-quality outsourced bookkeeping, accounting and professional services.

Looking Ahead: Pivoten Financials

Pivoten is moving beyond traditional oil and gas accounting software by creating a platform that integrates finance, accounting, field operations, production management and automation into a unified system. Leveraging deep industry knowledge, Pivoten understands how to streamline complex legacy processes, reduce data redundancies, and enhance overall efficiency and productivity. This approach empowers clients to make better business decisions and deliver more value to stakeholders and investors.

Pivoten is set to launch Pivoten Financials, its next-generation core accounting platform. This innovative platform will directly integrate field operations data, such as production data and resource management, with financial systems, helping small operators meet regulatory challenges and improve efficiency. By merging field data with financial functions, Pivoten Financials will enable operators to make more informed, data-driven decisions.

We believe in the future of this industry and are dedicated to developing solutions that foster growth, resilience and sustainability

“We believe our energy sector needs software Built by Operators, for Operators. Equally important, we are dedicated to keeping that development local to the U.S. While many other software vendors are outsourcing their support and development overseas, our mission is to keep it here in the U.S. We challenge any other software vendor in our space not only to match our operational experience but also to commit to hiring full-time development talent within our country. We know this aligns with our client’s values,” says Cantrell.

Investing in the Future of Oil and Gas

As a longstanding supporter of various independent oil and gas associations, Pivoten is committed to furthering its investment in these associations.

“We believe in the future of this industry and are dedicated to developing solutions that foster growth, resilience and sustainability,” says Cantrell. “Our background gives us the insight needed to create unique solutions that serve as catalysts for progress.”

Looking Ahead

As Pivoten continues to evolve, the focus remains on revolutionizing oil and gas operations through a deep understanding of the industry’s core needs. With a foundation built on expertise, innovation and a commitment to client success, Pivoten is poised to lead the way forward.