A private oil company faced substantial volume and complexity growth due to the assets located in and around the Bakken field in North Dakota. The company has assets across the full supply chain including E&P, pipelines, gathering, storage, and marketing.
The client engaged Opportune LLP to lead the selection, implementation, and integration of their energy trading and risk management (ETRM) first purchase and pipeline operational systems. Opportune provided the company with the following services:
As a result of the RightAngle platform implementation and corresponding integrations, the client was able to scale from 50 shippers to over 200 with no additional headcount. Also, the delivered solution supported lease crude marketing volume growth of over 150% from 75,000 barrels per day to 200,000 barrels per day. Opportune developed a crude run ticketing solution processing 8,000 tickets per month while providing more tools to identify gain/loss and blending impacts on P&L.
Whether it’s deploying major trading platforms, analyzing market opportunities, managing financial reporting, or developing information technology strategies, Opportune’s team of professionals has the depth of energy expertise and industry knowledge to assist trading organizations and their partners in achieving their strategic vision. We have a unique combination of professionals with specific commodities trading skills along with consulting, technology, and operational experience. For more information, CLICK HERE.
When you choose Opportune, you gain access to seasoned professionals who not only listen to your needs, but who will work hand in hand with you to achieve established goals. With a sense of urgency and a can-do mindset, we focus on taking the steps necessary to create a higher impact and achieve maximum results for your organization.Leadership