Marketing Contract Administration Module
Conveniently manage all oil, gas and NGL sales and purchase contracts in one place.
For companies that have relied on a mix of spreadsheets and paper to document and manage various contract information, EMK3 offers the Contract Administration Module.
The Contract Administration Module allows you to manage all oil, gas and NGL sales contracts along with any 3rd-party purchases. Store all your contract terms in one convenient place. This module has extensive pricing formula support including gas plant sales with liquids. You can monitor contract expiration dates, generate gas confirmations, and even electronically store your executed agreements.
Highlights
- Manage all Oil, Gas and NGL Contract Terms
- Supports Gas Plant POP Sales
- Supports Advanced Pricing Formulas
- Store General Terms and Conditions
- Store Executed Contracts
- Document Approval Process
- Generate Confirmations, Briefs and other Documents
- Batch Copy/Edit all Rates and Terms
- Define Contract Alerts
Key Features
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Manage all Oil, Gas and NGL Contract Terms
Manage all oil, gas and NGL sales contracts and 3rd-party purchase contracts. Store all contract terms such as begin/end dates, extension instructions, volume obligation, delivery location, pricing formula, counter-party contact information and more.
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Supports Gas Plant POP Sales
Support for gas plant percent of proceeds (POP) sales with liquids and processing fees.
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Supports Advanced Pricing Formulas
Extensive support for various pricing formulas such as percent or differential to index, POP, multi-index average-high-low, tiered pricing based on volume delivered and more.
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Quick Deal Entry
Enter transaction terms quickly from the user dashboard using the Quick Deal Entry form.
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Generate Confirmations, Briefs, Exhibits, and other Documents
Print contract terms using several standard reports, or create your own custom document templates and have the document generator tool create Microsoft Word files.
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Document Approval Process
Set up and manage a process for reviewing and approving contracts, including automatically notifying each approver and recording their approval (digital signature).
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Store Executed Contracts
Electronically store executed contracts in the system for centralized storage and convenient access.
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Store General Terms and Conditions
Upload your GT&C documents for convenient document storage.
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Define Contract Alerts
Set up automated user alerting of upcoming contract expirations that require action, such as a written cancellation or renewal negotiation.
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Batch Copy/Edit all Rates and Terms
Simplify data input and maintenance with batch copy and batch edit commands. Also, use rate tables for frequently changing contract rates.
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Generate Reports
Contract Brief, Contract Status, Contract Price, Contract Transaction, and more.