Gas Gathering, Processing, & Plant Accounting Software
Proven Industry Leader for Complete Natural Gas Gathering & Processing Solution
Drive Operational Efficiency & Scale with My Quorum TIPS
Optimize gas gathering, processing, and plant accounting workflows with My Quorum TIPS, the first cloud-based solution offering comprehensive industry solutions. Enhance efficiency, improve end-to-end transactional visibility, and minimize risk with a system created for the midstream industry.
Gain True End-to-End Midstream Integrations with One Vendor
Join hydrocarbon gathering and processing companies of all sizes who trust the industry’s standardized solution of over two decades. Discover an intuitive, adaptive platform designed for flexible, seamless handling of exceptions. Simplify everyday tasks for accountants and schedulers.
Outperform with Our Commitment to Innovation
Leverage over 20 years of development and a commitment to continued investment and innovation. Accelerate your business with asset requirements met out-of-the-box with unparalleled depth and hundreds of standard business rules complemented by highly intuitive formula builders.
Gain Efficiency with Seamless Contract Management, Allocations, & Scheduling
Efficiently manage purchase, marketing, and gathering contracts with workflow tools and automated delivery. Leverage the industry's most adopted and proven allocation engine for gas and NGLs. Streamline gas scheduling with real-time confirmations for shipper nominations.
Manage Daily & Monthly Midstream Data Flows with FLOWCAL
Adapt to changing business requirements with a flexible configuration, integrating additional assets and key systems in real-time with My Quorum TIPS. Streamline daily and monthly measurement processes while reducing costly data errors with Quorum’s industry-leading FLOWCAL solution.
Transition Effortlessly with Integrations to Quorum’s Financial & Production Solutions
Boost back-office efficiency, streamlining revenue or settlement distribution to operators and interest owners with financial systems. Transition between solutions effortlessly with smooth integrations within the Upstream On Demand Suite’s Production Operations.
Streamline Settlements, Invoicing, & Accounting
Shorten close cycles, reduce costs, and maximize production by simplifying complex accounting processes. Accelerate monthly revenue recognition by eliminating manual tasks. Streamline settlements and ensure accurate allocations, consistent payments, and precise invoices. Build trust with counterparties and enhance confidence during audits.
Leverage 20+ Years Experience in Midstream Oil and Gas
Minimize training and onboarding efforts with an effortless adoption of My Quorum TIPS. Experience unmatched customer support and trust-based relationships with proactive solutions that consistently exceed NPS and CSAT benchmarks, year over year. Benefit from responsive service that tailors to your organization’s needs.
57% of the Largest Processors Use My Quorum TIPS
“When it came to our system selection, Quorum was the clear choice based on their deep industry experience, knowledge of the midstream business and their understanding of Brazos. We appreciated Quorum’s partnership approach and openness to work with us towards a solution. With My Quorum TIPS, we are saving roughly 30 hours per month and completing our end-to-end settlement process a lot faster.” – Controller, Brazos Midstream
650+
Gas Processing Plants and
350k Meters Managed Daily
2x
Increase in Assets with
No Additional Headcount
50%
Time Reduction on
Month-End Invoices
Improve Measurement Workflows with FLOWCAL
Explore how Utah Gas Corporation uses Quorum's measurement software to boost decision making and streamline workflows. FLOWCAL and My Quorum TIPS provide a unified source of truth for scheduling and data processing, enhancing transparency and efficiency in midstream operations.
My Quorum TIPS Key Features
Optimize operational efficiency with full transaction management and a comprehensive customer portal. This portal enables external operator and shipper nominations, confirmations, and real-time nomination adjustments. It also improves communication and data visibility. Customers of any size leverage easy access and up-to-date monthly activity tracking for an enhanced customer experience. All within a single application, operators can efficiently schedule, track, and settle natural gas, crude, and NGL across processing facilities, field treatment sites, and nomination-driven gathering systems.
Maximize productivity and profitability with comprehensive transaction management. Effortlessly perform monthly and daily processing of complex allocations and settlements. Rules-based allocation and settlement engines provide powerful, flexible configurations to handle plants of all sizes. They ensure simplicity and transparency for less than 10 or more than 10,000 meters.
Efficiently access information for financial, operational, and regulatory reporting. Meet local, state, and federal reporting requirements covering volumetric, value, tax, and royalty reports. Provide necessary operational and tax reports to regulators, ensuring compliance. Support for filing severance tax reporting requirements across 8 states and the ONRR.
Make Informed Business Decisions with Gas Scheduling & Accounting
Improve data accuracy, minimize monthly close cycles, reduce errors, and control post-close costs. Get autonomy and real-time access to activities with combined performance metrics and user-friendly reporting tools. Simplify scheduling and accounting to ensure accurate and timely allocations, imbalances, payments, and invoices for gas operators.
FAQs
My Quorum TIPS is an enterprise gas gathering, processing, and plant accounting software solution designed to manage complex midstream operations across processing plants, gathering systems, and field treatment facilities.
As a cloud-based midstream platform, TIPS delivers end-to-end transactional visibility across:
- Gas gathering and processing plant accounting
- Field treatment and residue gas operations
- Nomination-driven gathering systems
- Marketing and purchase contract accounting
- Component-based allocation and balancing
TIPS is designed to scale from small facilities to multi-plant enterprises managing thousands of meters, contracts, and counterparties within a governed settlement environment.
TIPS uses a highly configurable rules-based allocation engine designed for complex gas and NGL processing environments.
The engine supports:
- Volumetric and component-based allocations
- Shrink, fuel, and loss calculations
- Residue and NGL product splits
- Multi-stage processing scenarios
- Custom formulas and exception handling
Hundreds of standard business rules and intuitive formula builders allow users to configure allocation logic without custom code, ensuring transparency, audit visibility, and defensible component balancing.
Yes. TIPS is purpose-built to manage complex gathering, processing, marketing, and purchase contracts within a unified midstream framework.
The platform supports:
- Percent-of-proceeds and fee-based contracts
- Tiered and volumetric fee structures
- Shrink and fuel retention calculations
- Marketing and commodity settlement terms
- Contract amendments and historical tracking
Contract logic flows directly into allocation and settlement workflows, ensuring invoice accuracy, compliance, and defensible financial reporting.
TIPS supports nomination capture, scheduling workflows, confirmation processes, and imbalance tracking within a unified midstream environment.
Operators can:
- Capture and confirm shipper nominations with real-time confirmations
- Track daily imbalances by contract and meter
- Monitor over- and under-deliveries
- Manage imbalance carryforwards
A comprehensive customer portal enables external counterparties to submit nominations and review confirmations, improving communication, reducing manual coordination, and enhancing transactional visibility.
TIPS automates the end-to-end plant settlement process, from allocation through invoicing and accounting integration.
Capabilities include:
- Automated settlement calculations
- Residue and NGL revenue distribution
- Fee and marketing settlement workflows
- Tax calculations and regulatory reporting
- Invoice generation and distribution
These capabilities help shorten monthly close cycles, reduce manual tasks, accelerate revenue recognition, and improve settlement accuracy. Settlement entries integrate with financial accounting systems, ensuring financial alignment and audit traceability.
TIPS supports integration with measurement systems to ingest validated meter volumes, gas analysis, and component data. Today, TIPS integrates directly with FLOWCAL to bring validated measurement data into the settlement environment, ensuring volumetric accuracy at the point of allocation.
Additional integrations across pipeline management and enterprise accounting systems are on the product roadmap to further extend end-to-end midstream connectivity.
TIPS provides detailed audit trails across allocations, contract calculations, settlement adjustments, and prior period corrections.
Users can trace volumetric inputs, component calculations, fee logic, and invoice outputs back to source measurement data and contract terms. Comprehensive reporting supports volumetric, value, tax, royalty, and regulatory requirements while strengthening audit defensibility and counterparty confidence.
My Quorum TIPS is hosted within Quorum’s secure Q Cloud infrastructure, delivering enterprise-grade hosting, configurable architecture, and advanced security controls.
As a cloud-based midstream solution, TIPS provides scalability, performance, and continuous innovation without customer-managed infrastructure. Role-based access controls, detailed audit trails, and governed settlement workflows align with internal control and compliance requirements.
My Quorum TIPS is designed to support multi-plant organizations managing thousands of meters, contracts, shippers, and processing facilities.
The platform handles high transaction volumes, complex allocation logic, and multi-entity structures without compromising performance or settlement accuracy. Bulk processing capabilities and configurable allocation rules enable operators to scale plant operations, integrate acquisitions, and manage expanding midstream networks efficiently.
My Quorum TIPS integrates with enterprise accounting and ERP systems to synchronize settlement entries, invoicing data, tax calculations, and financial reporting.
Configurable account mapping and structured data synchronization ensure settlement outputs align with corporate financial systems, supporting centralized finance models while maintaining operational integrity at the plant level.
My Quorum TIPS includes enterprise-grade governance and controls across allocation, contract management, and settlement workflows.
Role-based permissions, configurable validation rules, approval processes, and full audit trails ensure volumetric and financial calculations remain traceable and defensible. Prior period adjustments, contract amendments, and imbalance corrections are recorded with complete historical visibility to support audit readiness and regulatory compliance.
My Quorum TIPS is purpose-built for midstream gas gathering, processing, and plant accounting environments, supporting complex component-based allocations, shrink and fuel calculations, contract-driven settlement logic, and integrated scheduling workflows that generic ERP systems are not designed to handle.
As a cloud-based midstream platform hosted within Q Cloud, TIPS delivers enterprise scalability, configurability, and end-to-end integration across measurement, pipeline transaction management, allocation, and financial workflows—reducing manual reconciliation and improving time-to-value.