| News & Events: Press Release
Article Co-Authored by EMK3 and Markey Says Oil and Natural Gas Producers Must Reinvent Themselves in Turbulent Commodities Market
Effective Marketing Boosts Profitability Amid Uncertainty
HOUSTON and DALLAS, Nov. 1, 2004 -- EMK3 has announced
publication of the article "Marketing Strategies Maximize
Value" in the October issue of The American Oil & Gas
Reporter magazine. Co-authored by Terry Coulter, Vice
President of Sales, EMK3, and Michele A. Markey, Special
Projects, Apache Corp.'s U.S. operations division, the
article outlines marketing challenges and solutions for the
oil and natural gas production industry.
"We designed this article to provide concrete steps that can
help oil and gas producers enhance profitability through
better marketing," said Coulter. "The importance of sound
marketing cannot be overstated in light of the current
climate, in which market and global security conditions can
change in an instant. Marketing is a key strategy for
safeguarding value."
The article cites a number of factors that have contributed
to the climate of uncertainty. An accelerated pace of
acquisitions and divestitures across the oil and gas
production industry, deadlines for compliance with new
federal financial accountability standards under the
Sarbanes-Oxley Act of 2002, lawsuits, and the threat of
terrorism all place significant stress on a company's
productivity and profit margins.
Producers, however, have opportunities to decrease the
impact of these factors by investing in marketing. "The real
question for producers is not whether they should invest in
improved marketing capabilities, but whether they can afford
not to invest," Markey stated.
The article provides tips to help companies weigh whether to
outsource marketing or manage it in-house. It also
delineates the key components of an effective marketing
process, including:
- establishing clear marketing objectives;
- creating a marketing infrastructure;
- educating the company about the role of marketing;
- determining a marketing timeline;
- ensuring that procedures comply with Sarbanes-Oxley
requirements;
- developing a system for measuring the performance of the
marketing effort; and
- studying the market to identify major players and
end-users in oil and gas production.
"Successfully accomplishing each of these steps enables the
producing company to optimize one of its most valuable
assets: the marketing division," the article concludes.
To view the full article, the second in a three-part series,
go to:
http://www.emk3.com/home/resources/article_aogr_pt2.htm.
About EMK3 (http://www.emk3.com)
EMK3 is a market leader in providing information technology
solutions for oil and gas producers. EMK3's software helps
manage the complete marketing cycle and helps clients sell
the maximum produced each day at the optimal price and
efficiency.
Contact:
Terry Coulter, Vice President of Sales, EMK3
972-265-3653 ext 13
tcoulter@emk3.com
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