Fieldwood was searching for a software solution to mark-to-market its crude production hedges as well as a system that would give them the ability to have more control of their data.
Nuvista was impressed with InstaNext’s ability to manage hedging commodities from across the energy sector while providing full risk management and analytics.
The energy company was looking for a solution that would offer comprehensive reporting of their hedging program for both the financial derivative and physical production forecast sides
The energy company will use the InstaNext platform to manage their physical and derivative trades.
The implementation was completed in a record 5 weeks and will enable the energy company to consolidate all of their physical and financial trades in one CTRM solution.
The E&P company will now be able to use the newly licensed InstaNext platform for independent mark-to-market utilizing the market data available within the system.
The energy company required a system that could help reduce the numerous spreadsheets used to mark to market, reconcile, and settle trades, in addition to providing the necessary coverage and risk analysis.
Since the previous release, the system has grown significantly and matured into a leader in the commodity management space.
Prior to licensing InstaNext, the power company was struggling to compile the necessary reports using excel spreadsheets and manual processes.
Hawkwood will be able to use the InstaNext platform to manage its growth and track it’s hedging limits in an organized and compliant manner.
Signing Painted Pony is a tremendous endorsement of the InstaNext technology in a demanding and complex marketplace in Calgary.
Canadian E&P’s that hedge in USD are also exposed to currency rates, which the InstaNext product captures eloquently.
