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Equity Production Logistics Solution |
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 The upstream oil and gas industry is full of complexity and change. Property ownership changing hands, well production adjustments based on fluctuating demand, and volatile commodity prices all contribute to the growing need for a real-time system that can manage the complexities of this environment. In addition, the overwhelming amount of data needed to manage production volumes, nominations, balancing and allocations back to well interest owners can be easily susceptible to errors. In the past, producer companies have relied on spreadsheets or internally developed systems to manage these processes.
Equity Production 8.1
Allegro’s enhanced Equity Production 8.1 component provides the automated data management that producer companies need to ensure profitable decision making and proper visibility among business groups. The component delivers a simplified way of managing the marketing of oil and gas production, including balancing, nominations, measurement and variance analysis. With visibility from the property straight through to scheduling, companies can quickly generate production positions taking into account all right-to-market interest owner quantities. Completely integrated with the Allegro 8 platform, Equity Production 8.1 seamlessly communicates with the Property and Logistics components to capture and manage all production, nomination, interest owner changes and costs associated with moving product from the Custody Transfer Point (CTP) to the downstream pipeline.
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Key Benefit |
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Automated data capture and streaming functionality from wellhead to first point of sale
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Simplified data management – seamlessly integrated with Allegro’s Property and Logistics components to facilitate accurate decision making and ensure company profitability
Instantaneous visibility to marketable product accounting for all cost, volume and ownership changes from the Custody Transfer Point (CTP) to the first point of sale
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Interest Owner and Gas Balancing Management
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Ease of managing right-to-market quantities allowing for one-click nomination adjustments to best manage owner imbalances and daily production variances
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Gas Available For Sale (GAFS) Notifications
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Easily create gas available for sale notifications for take-in-kind working interest owners
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Pipeline Nomination Management
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Efficiently and automatically manage pipeline nominations incorporating all division order information and marketing arrangements |
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Data Management
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Flexible and scalable architectural design allows the system to integrate with existing well production data, Division of Interest data and ERP systems ensuring data accuracy and integrity |
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Enhanced Reporting
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Built in report views improve decision making to monitor production variances (vs. nominations) and nomination variances by pipeline, point and seller |
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Operator Actuals and Allocations
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Improved productivity to reconcile operator actual statements and allocate costs back to interest owners, including support for prior period adjustments
Full audit capability to ensure accuracy
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