InstaNext, a premier provider of cloud-hosted energy risk management solutions, announced today that Saguaro Resources Ltd. has licensed the InstaNext platform for oil and gas hedging.
Founded in 2012 and headquartered in Alberta, Canada, Saguaro is a private E&P company that has acquired a large, strategic land position in the world class Montney play in NE British Columbia. Saguaro is involved in an extensive natural gas risk management program using financial hedges and physical contracts to align with production expectations.
Saguaro has a considerable number of requirements in order to manage their hedge book, some of which include trade capture, mark-to-market and financial reporting. The company was previously using another third-party provider for these services, but InstaNext will be replacing the outdated system which was no longer able to meet Saguaro’s shifting business needs. Saguaro plans to utilize the full capabilities of InstaNext’s risk and reporting software for their active hedge program and has already began the implementation process. “We are excited to welcome Saguaro as our latest Montney pure play E&P client,” stated Richard Kulaszewski, EVP Global Field Operation, “We are confident InstaNext will meet Saguaro’s needs and provide efficiencies well into the future.”
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.