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News & Events: Press Release
Torch Energy TM, Inc. Selects EMK3 to Strengthen Their Premier Marketing Services Organization
Leader in oil and gas marketing services leverages EMK3 technology
Dallas, Texas, and Houston, Texas – EMK3 and Torch Energy TM, Inc. (TETM) announced the selection of the EMK3 Suite as the technology foundation to support Torch’s oil and gas marketing services organization. Torch Energy TM’s implementation of the EMK3 suite includes fully integrated support of oil & gas marketing including bid analysis, deal capture, contract management, transportation, credit management, partner and platform balancing, pipeline balancing, nominations, invoicing, reconciliation, analysis and reporting. Gary Wittsche, president of EMK3 said, “Torch Energy TM is clearly an industry leader in marketing services. We are honored to welcome them into the EMK3 family of customers, and look forward to many years of continued success.”
“Efficiency and effectiveness are key to our success,” says Ralph Carthrae, Sr. Vice President. The selection of EMK3 was highly strategic. Their system provides the tools we need to focus on our core business, optimizing the value for our crude oil and natural gas production and pursuing development opportunities.”
Mary Frances Deibert added, “The EMK3 system automates marketing and administrative functions, enabling us to focus on delivering outstanding value to our customers. EMK3’s experienced staff got us up and running in no time. The system was easy to learn and provides complete functional support for our business.”
About EMK3
EMK3 (www.emk3.com) is the only supplier of solutions, built from the ground up, designed specifically for the oil & gas producer’s marketing organization. EMK3 provides innovative technology solutions to producer’s enabling them to implement internal control’s to comply with Sarbanes-Oxley requirements, while enabling revenue enhancement and cost reduction. The EMK3 Suite of applications are web-based, and provide fully integrated functionality for crude oil, natural gas, natural gas liquids including; hedging, 3rd party purchasing, market data, bid analysis, deal capture, contract management, credit management, partner and platform balancing, pipeline balancing, nominations, invoicing, reconciliation, analysis, reporting, as well as revenue accrual. EMK3’s headquarters’ is in Corpus Christi, Texas, with locations in Dallas, Texas and Houston, Texas.
About Torch Energy TM, Inc.
Torch Energy TM, Inc. (Torch) www.teai.com is an experienced team of individuals optimizing the value and revenue of independent producer client crude oil and natural gas production. Torch offers its clients a full menu of marketing and transportation services tailored to each client’s needs, resulting in improved sales prices and providing them the freedom to focus on their main objective: exploring for and producing oil and gas reserves. Torch offers a team of crude oil and natural gas professionals with an average of 15+ years of experience. Torch Energy TM, Inc. is located in Houston, Texas.
Contact:
Terry Coulter
972-267-3653
tcoulter @ emk3.com
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