Document and manage your oil and gas marketing activities to ensure effective price discovery
Due to 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 due diligence.
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.