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Solutions: EMK3 Upstream - Introduction
EMK3 Upstream is a complete energy marketing application suite for Oil, Gas and NGLs, starting at the wellhead.
The EMK3 Upstream application suite is comprised of various modules that can be combined to
provide the right solution to fit your distinct needs. All together, they provide a
complete marketing application solution suited for small to mid-sized independent producers all the way
up to large integrated oil and gas companies.
EMK3 Upstream is designed for:
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E&P companies or subsidiaries with wellhead equity production |
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Oil/Gas/NGL marketing companies |
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Crude Oil "First-Purchaser" companies |
EMK3 Upstream Solution Modules
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System Administration and Internal Controls
Effective information technology and the controls placed on infrastructure, access, and data management are the foundation of a sound compliance architecture. EMK3’s application suite can assist in establishing strong internal controls around key marketing processes.
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Market Data Module
The Market Data Module allows producers to monitor key oil, gas and NGL pricing information for both US and Canadian markets. It provides daily, weekly, and monthly pricing data and includes powerful graphing and analysis tools for observing trends, comparing differentials (to NYMEX or other index points), and analyzing pricing formulas.
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Oil & Gas Supply Module
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-for-sale volume and calculating partner-level imbalances.
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Transportation & Gas Control Module (no 3rd party, see EMK3 Midstream)
The Transportation & Gas Control Module provides powerful tools to manage critical gas control issues. You can manage your scheduling and nominations at all receipt and delivery points starting at the gathering system and moving down-stream to your purchasers. The system tracks each segment along the transportation path keeping track of daily and monthly variances at each point. The system also manages pipeline imbalances and calculates the appropriate value.
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Contract Administration Module
The Contract Administration Module allows you to manage all oil and gas sales contracts along with any 3rd-party purchases. Store all your contract terms in one convenient place. This module has extensive pricing formula support including gas plant sales with liquids. You can monitor contract expiration dates, generate gas confirmations, and even electronically store your executed agreements.
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Revenue Reporting & Analysis Module
The Revenue Reporting & Analysis Module captures all data used for revenue and expense calculations and provides critical internal controls for information management. This module provides full transaction processing capabilities from calculating wellhead netback prices, including all gathering and transportation expenses, to powerful reporting and analysis tools.
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Marketing Activity Module
The Marketing Activity Module allows you to track all your oil and gas marketing activity, such as how often you solicit bids, who you solicited from, what bids you receive, and what your selection criteria are. In the current regulatory environment of information integrity and transparency, this module provides a valuable tool for documenting your marketing due-diligence and defending against royalty owner or other challenges.
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Credit Module
The Credit Module is designed for oil and gas producers to effectively and efficiently monitor vital credit activities. This module allows you to capture all credit terms, maintain accurate account balances, and value all physical and financial (hedge) transactions to give you real-time credit exposure. Exposure can be evaluated 30, 60, 90 or more days into the future and reported by counterparty.
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Hedging Module
The Hedging Module is designed specifically to accommodate typical hedging activity by oil and gas producers. This module allows you to capture budget volume and budget price parameters and define hedging strategies. It includes full transaction support for Futures, Options, Swaps, and Collars. This module includes extensive reporting and analysis capabilities for calculating hedge volume and price, forecasted gain/loss, hedge positions, and more.
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