Slimmer operating margins means producers need to pay more attention to new well connects, particularly when wells first flow. Pressure on operating costs is driving a renewed focus on processes and efficiency. Disputes over royalty payments and compliance issues continue to occupy attention and resources.
TIES, The Integrated Energy System, provides a complete solution for Producer Services – from supply forecasting, contract management, lease management and gas balancing, to marketing/seller arrangements, meter allocation, scheduling and logistics, right through to position management, netback pricing and accounting.
Automated alerts ensure you are taking advantage of volume allocation at first flow when wells and meters come on line. You can set up the system to inform you when you are not receiving correct entitlements, to quickly get a well back in balance. If you are the meter operator, you can manage shipper allocations and accurately balance pipeline allocated volumes.
Our TIES solution provides auto-scheduling of volumes to the first marketing location, ensuring that traders always have real-time visibility into equity volume positions. With our solution you forecast equity volumes, trade and schedule in one integrated solution – eliminating the on-going integration burden associated with separate systems, saving time and reducing the risk of errors.
Finally, we do accurate netback pricing within TIES and provide full Netback Reporting for owners and auditors, to help avoid costly disputes around royalty or compliance lawsuits.