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Public Oil & Gas Producer Increases Visibility to Actual Revenue and Costs

Solution: Revenue Capture  | Markets: Oil & Gas  | Client: Oil & Gas Producer

Situation

Like most oil and gas producers, this publicly-listed producer receives hundreds of Percentage of Proceeds (POP) statements each month. The producer lacked the time, resources and software to interpret the ~40 data elements on each statement in order to improve decision-making and identify potential errors.

 Oil and gas revenue capture through technology

 

Solution

The oil and gas producer engaged AEGIS to implement software to digitally read each POP statement and extract key data elements. Further, the software organizes the data and displays visualizations that drive decisions on ethane rejection elections, varying NGL yields, and contract renegotiations on certain fee elements.

 Revenue Capture Dashboard for oil and gas

 

Outcome

AEGIS implemented the software and provided a “single pane of glass” for the producer to assess revenue and costs by location and contract. The software trends data over time allowing users to quickly identify anomalies and opportunities to adjust operations. The software is also used to track contract expirations and key terms that should be addressed in upcoming renewals. As a result, the producer has much better insight into its physical operations, contracts, and realized revenues.

 Oil and gas producer has all revenue in one view

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This case study is not indicative of future performance or success. Commodity interest trading involves risk and, therefore, is not appropriate for all persons; failure to manage commercial risk by engaging in some form of hedging also involves risk. Past performance is not necessarily indicative of future results. There is no guarantee that hedge program objectives will be achieved. Neither this trading advisor nor any of its trading principals offer a trading program to clients, nor do they propose guiding or directing a commodity interest account for any client based on any such trading program. Hedge advisory services are performed by the registered commodity trading advisor AEGIS-CTA, LLC, a wholly-owned subsidiary of AEGIS Hedging Solutions, LLC. This case study is not required to be and has not been, filed with the Commodity Futures Trading Commission ("CFTC"). The CFTC does not pass upon the adequacy or accuracy of this commodity trading advisor disclosure. Consequently, the CFTC has not reviewed or approved this case study.
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