InstaNext, a premier provider of cloud-hosted energy risk management solutions, announced today that Endeavor Energy Resources Ltd. has licensed the InstaNext platform as they embark on a new hedge program for their natural gas and NGLs production.
Headquartered in Midland, Texas, Endeavor is the largest private E&P in the region with over 350,000 net acres in the Midland Basin producing 130,000 Boe/D. Historically, Endeavor did not elect to hedge a significant portion of their production, but the energy company is now looking to a longer horizon of risk management.
Endeavor’s revised hedging program is designed to protect future production cash flows, in turn, safeguarding planned capital expenditures and development. Endeavor plans to utilize InstaNext’s full software suite as they continue to execute their new hedge strategy. “With the continued volatility in commodity prices, many non-hedging E&P’s are now re-visiting their risk management strategies,” stated Richard W. Kulaszewski, EVP Global Field Operations. “We are confident that InstaNext’s scalable solution will continue to meet the needs of those wanting to manage risk and leverage the dynamic pricing environment we are currently in.”
InstaNext is comprised of a team of software and technology experts in the fields of energy trading, hedging, and risk management. With an extensive portfolio of successes in the ETRM industry, InstaNext provides intuitive solutions to help companies meet the challenges of the complex energy market. The InstaNext platform simplifies every aspect of energy risk management. The multi-market platform allows companies to analyze their positions in real-time via its powerful analysis capabilities. With InstaNext, historical and scenario-based data can be used to compare current positions against changes in the market, allowing for more effective management of portfolio risk and ensuring profit margins are secure. Using the latest cloud-hosted technology, InstaNext can be implemented quickly and with low risk.
For more information, please visit our website at www.instanext.com.