EXPLORATION & PRODUCTION
Right Angle also provides a complete back office suite that supports invoicing, taxes, remittances, first purchaser taxes, etc. And, Right Angle has been integrated with most general ledger packages both large and small.
Exploration & Production companies (E&P) in the past focused on the discovery and development of new properties. Today's successful E&P company is charged with balancing their core competency of finding new opportunities with understanding the financing of a field, the economics of a PV10 proposal to a financial partner and insuring product gets to market at a fair price and product is not over hedged due to operational disruptions.
SolArc has worked with E&P organizations that need to deal with lease crude, division of interest related to natural gas ownership and the operations associated with getting crude to a crude reseller and refiner marketer or operations with wet natural gas to a processor. Traders or marketers in an E&P organization are constantly challenged with how much product operations can provide. This volumetric volatility combined with price volatility makes each day difficult without the right technology.
Right Angle provides customers with a marketing grease board showing realtime updates so traders can react to changing conditions thereby optimizing profits. These trades are seemless integrated with the schedulers to move product from point A to B to C with little effort thereby reducing administrative costs and reducing operational risk.
SolArc RightAngle Solutions for Exploration & Production:
Learn more about our support for the following commodities:
"SolArc allows me to see what I need to sell or where I need to buy to cover a shortage first thing every morning." -Trader, Independent E&P Company
