ENOGEX SELECTS SOLARC SOLUTION TO MANAGE NGL SUPPLY AND MARKETING OPERATIONS
HOUSTON (May 7, 2007) – SolArc, Inc., a leading provider of supply, trading and risk management solutions for global commodities companies, announced today that Enogex has selected the SolArc RightAngle solution to manage their natural gas liquids supply, transportation and marketing.
“Enogex represents a growing adoption by a majority of energy companies managing their business with a supply, trading and risk management solution,” said Brad Anderson, SolArc’s CEO. “We believe there are significant cash flow and working capital benefits for companies that manage their supply and trading activities with one integrated solution. Enogex will be able to capture these benefits and reduce their IT infrastructure costs that support supply and trading operations.”
About Enogex
The Enogex companies are engaged in natural gas gathering, processing, transportation, storage and marketing. Enogex operates a natural gas pipeline system with approximately 8,300 miles of pipe, six processing plants, and 23 billion cubic feet of gas storage capacity, principally in Oklahoma. OGE Energy is the parent of Enogex Inc. and also the parent of Oklahoma Gas and Electric Company, a regulated electric utility with approximately 750,000 customers in a service area spanning 30,000 square miles in Oklahoma and western Arkansas.
About SolArc
SolArc, Inc. is a leading provider of supply, trading and risk management solutions for global commodities companies. The flagship product, SolArc RightAngle, integrates deal capture, scheduling, inventory management, pricing, accounting, position reporting and risk analysis in a single platform solution.
SolArc’s products work with existing information systems including corporate ERP systems to provide customers with a flexible solution that leverages their existing systems’ infrastructure. Customers receive competitive advantages from reduced transaction costs and improved commodities procurement and trading decisions based on accurate position reporting and inventory management.
Headquartered in Houston, SolArc also has offices in Tulsa, Oklahoma, London, Singapore, Beijing, and Hong Kong.