Northwest Oklahoma couple creates an app to streamline crude oil purchases

New iPad enterprise app provides electronic ticketing for oil purchases, using an automatic process to replace paper receipts smudged with oil, torn and wrinkled with an automatic process.
by Lillie-Beth Brinkman Published: February 21, 2012
Advertisement
;

A mobile application developed by a Beaver County couple and an Oklahoma City company is designed to automate an oil purchasing process that for decades has relied on handwritten paper receipts.

The iPad enterprise app is now available through Conquest RT (Real Time), the company that Jim and Debbie Hilton formed to distribute it. They have worked for the past eight months or so to take their idea and develop the app with Phase 2 Interactive, an Oklahoma City mobile development company.

Both Hiltons work in the oil industry — Jim Hilton runs a small crude oil and off-spec company that buys oil, and Debbie Hilton is an oil and gas accountant.

Together they had run into problems with ticketing for years.

“Ticketing has always been an issue. Everything that we've dealt with, we've addressed (in the app),” Hilton said. “We're always hunting that paper trail. It's enormous.”

Currently, companies in the crude oil purchasing business rely on handwritten receipts from truckers pumping the oil into their trucks for transport. The truckers fill out the receipts by hand on the lease site, perform calculations about the oil's weight and volume using calculators, sign the receipts with pens and carry them around until they can mail them to the right people, the Hiltons said. An invoice copy of it is left on the site for producers to pick up later.

The process of getting the information about the purchases from the site to the companies can take up to 12 days. Receipts arrive with scribbled handwriting, smudged with oil, or with torn or wrinkled paper, and then are manually entered into a computer.

Speeding the process

Conquest RT automates that reporting process from days to less than a minute, with a goal of reducing errors and providing instant additional data for analysis.

Continue reading this story on the...

by Lillie-Beth Brinkman
Lillie-Beth Brinkman is a Content Marketing Manager for the Greater Oklahoma City Chamber of Commerce. She was previously an assistant editor of The Oklahoman
+ show more


Online

For more information about the app, go to http://conquestrt.com.

Trending Now


AROUND THE WEB

  1. 1
    Tulsa native travels to all 30 MLB ballparks in search of best hot dog
  2. 2
    Oklahoman writers on Sporting News' college football 'must-follow' Twitter list
  3. 3
    WATCH: Johnny Manziel not himself in new Snickers commercial
  4. 4
    Edmond Sun: Mercy hosts groundbreaking for new breast health facility
  5. 5
    Do you have a decisive marriage?
+ show more