Allegro: Advanced software for the upstream business
The upstream oil and gas industry is characterized by complexity and constant change: Legal property ownership changes through acquisition, well interests are transferred regularly, production rates undergo alterations based on fluctuations in demand and commodity prices, by their nature, are volatile.
Trading & Risk Management Software: Buy or Build?
While you might be thinking about developing your own software for commodity management in-house,
you have to consider whether doing so makes the most sense. A report from Allegro, "Build vs. Buy,"
explains how a CTRM system may be the right decision instead.
The Benefits of Allegro
Built for Oil & Gas Production
Allegro is designed to make the complex business into a simpler one. Upstream companies face the considerable difficulty of managing production and monitoring and then managing the logistics to get their production to market. Allegro addresses virtually every aspect of the business, from gas marketing to plant management, risk management and pipeline scheduling, transport and actualization, along with equity production, property, production management, revenue, authorizations for expenditures and joint-interest billing.
Each month, producer companies need to forecast production for the next month, while managing production changes for the current month and reconciling actual production for prior months. When upstream customers turn to Allegro's commodity risk management software, they'll find an easier way to manage gas balancing using division orders and information regarding marketing arrangements to determine the appropriate entitlements by interest owner. Allegro is able to calculate interest owner entitlements for daily estimated nominations by calculating the volumes and applying applicable division of interest information. In addition, actual volumes are calculated and captured in the system from meter readings. Actual volumes are allocated back to the well and owner levels. With that, Allegro will also support prior-period adjustments.
Plus, Allegro can be deployed on-site or in the cloud. Because of its flexibility, our CTRM software can meet a customer's specific needs, and it can be extended without having to wait for a new upgrade cycle. With Allegro, front, middle and back office teams will be able to focus on what's important.
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"We are satisfied with Allegro's highly flexible, integrated and technically efficient solution and recognize its high potential for further development. It has enabled us to optimize existing business processes – and introduce new ones – within the commodity trading and financial risk management area. Allegro’s solution provides us with a strong foundation to grow our expertise in different commodity classes and to deepen our system's functional coverage with the scalability required for future growth."
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"We are confident that with [Allegro], we can cover our current needs, but will also have the flexibility to extend our business into other areas in the mid to long term future.”