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Solutions: EMK3 Upstream - Marketing Activity Module
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- Marketing Activity Module -
Document and manage your oil and gas marketing activities to ensure effective price discovery
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Due to recent industry volatility and increased regulatory requirements,
today’s E&P companies are focusing more attention on their oil and
gas marketing process. Producers have been challenged by both
government regulators and royalty interest owners to guarantee
frequent and effective price discovery and prove their marketing duediligence.
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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Key Features
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Document your Marketing Process: Document, both current
and historically, your marketing due-diligence, such as how
often you solicit bids, who you solicited from, what bids you
receive, and what your selection criteria are.
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Create Request-For-Bid Packages: Create request-for-bid
packages and send out by paper or electronically to
prospective buyers.
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Record Bids Received by Buyers: Record all bids received by
each buyer including the full terms of each bid.
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Value and Compare Bids: Calculate historical value of each bid
received in order to make a bid-to-bid comparison. Also
document your selection criteria.
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Evaluate Plant Economics: If you have a choice of gas plants
for processing, create economic profiles for each gas plant and
calculate the best revenue opportunities.
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Generate Reports: Request-for-Bid, Bidding Analysis, Bid
Comparison, and more.
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