Marketing Marketing Activity Module
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.
Highlights
- Document your Marketing Process
- Create Request-For-Bid Packages
- Record Bids Received by Buyers
- Value and Compare Bids
- Evaluate Plant Economics
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.