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Solutions: EMK3 Upstream - Oil & Gas Supply Module
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- Oil & Gas Supply Module -
Make responsive marketing decisions with accurate, timely, and reliable volume information
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Access to accurate, timely, and reliable volume information is critical to
the success of an oil and gas marketing organization. This impacts
issues like determining the optimal amount to sell each day, identifying
production loss or down-time, and tracking lost volume due to partner
imbalances. All have an impact on revenue.
The Oil & Gas Supply Module stores basic supply point information for
wells, tanks, and meters. It provides a single portal for all volume
information critical to marketing operations. It integrates with your
production system to receive volume information from the field. In
addition, this module offers advanced tools for managing available-forsale
volume and calculating partner-level imbalances.
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Key Features
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Manage Well/Tank/Meter Information: Manage basic
information on all supply points, such as wells, tanks, meters,
etc. Information includes well name, meter no., location,
operator, and more.
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Track all Partner Interests (DOI): For each supply point, track
all working and royalty interest partners, including GWI %,
Entitlement %, and AFS %, and marketing arrangement (ie.
JOA or Take-In-Kind). Automatically roll up DOI to aggregation
points.
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Integrate with Production System: Integrates with your
production system to receive daily field volumes and production
forecasts.
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Calculate Available-for-Sale: Calculate available-for-sale
volumes with makeup/payback adjustments and auto-email
AFS reports to partners.
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Track GBA Terms: Track your gas balancing agreement (GBA)
terms, such as over produced cap, under produced makeup
percent, and excluded months. Also track make-up/pay-back
status for each partner per month.
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Manage all Volume Information: Manage all production
forecasts, production actual, available-for-sale, pipeline
allocated, and partner allocated volumes.
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Manage Partner Imbalances: Manage all partner-level
imbalances (partner balancing) and invoke make-up/pay-back
provisions to bring back into balance.
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Define Information Alerts: Set up various types of automated
user alerting, such as a change in production volume or a
change to a DOI deck.
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Generate Reports: Division of Interest, Allocation Table,
Monthly Production, Run Ticket, Split-Connect, and more.
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