POSTED BY capSpire ON January 19, 2019 IN Blog, Events, News
Summer is upon us and that can only mean thing—it’s time for cold beer and good conversation at the Tulsa Energy Professionals Summer Kick-Off Networking Mixer. You’re invited to join us at McNellie’s Side Bar in downtown Tulsa on Thursday, June 15, from 5–8 p.m. McNellie’s, famous for its extensive and frequently updated beer selection, …
POSTED BY capSpire ON January 19, 2019 IN Blog, Digital Transformation, News, Optimization, Press Release
The capSpire Optimization Platform has been expanded to include Supply Chain Optimization (SCO) modules for energy companies working with crude and natural gas liquids (NGLs): SCO for Crude and SCO for NGLs. Supply chains are impacted by constantly moving parts, price shifts, and multiple logistics options. Manually evaluating large volumes of data and considering all …
POSTED BY Bernard Wehbe ON January 19, 2019 IN Blog, Digital Transformation, E/CTRM, Optimization
You know because you likely just experienced this in March or April — refinery turnaround months are highly volatile. These changes are disruptive to your supply network and often costly. The expenses associated with diverting supply elsewhere to satisfy contractual obligations can reach into the millions of dollars in some scenarios. But what if there was …
POSTED BY Rob Parker ON January 19, 2019 IN Allegro, Blog, E/CTRM
A single application that you can download and run for free, cAST enables you to work with your full Allegro system and gain back-end data access—without logging directly into the database and complicating security. Instead, users of cAST can perform many database-related tasks via Allegro Web Services, which is either installed on-site or cloud-based. cAST …
POSTED BY Clare Annis ON January 19, 2019 IN Blog, Careers, E/CTRM
It’s one of the most common questions that college students and recent graduates ask us: What is capSpire all about, and what is it like to join the team? This is the first in a series of articles that will provide insight into the life of a recent graduate and new hire at capSpire. Over …
POSTED BY Scott Creed ON January 19, 2019 IN Analytics, Blog, E/CTRM
In our last article, we discussed question 1 what commodity-trading-and-risk-management (CTRM) analytics answer. Question 2: When and where do I need to move product? CTRM systems essentially manage trading contracts and the associated data. You agree to buy or sell a product at a particular price, from a specified location, and in a certain timeframe. …
POSTED BY Rusty Robeson ON January 19, 2019 IN Blog, E/CTRM, RightAngle
How long does it take your company to process tickets, from product movement to accounts receivable? Since RightAngle s10, there have been many enhancements to the Automatcher engine. If your company is like most, you’re not fully taking advantage of this tool and are still inputting and matching tickets manually. This prolongs ticket-processing times to …
POSTED BY Scott Creed ON January 19, 2019 IN Analytics, Blog, Digital Transformation, E/CTRM
In our last few articles, we’ve discussed question 1 and question 2 that commodity trading and risk management (CTRM) analytics answer. Question 3: How is my portfolio exposed to shifting market prices? Of course, companies using CTRM platforms want to make sure that their trades are profitable. But how do you see where changes in …
POSTED BY Lee Berry ON January 19, 2019 IN Blog, E/CTRM
Are you manually capturing exchange-based trades into your energy trading and risk management (ETRM) system? This can be costly and time consuming, and can lead to errors resulting in undesirable consequences to downstream position reporting and valuation. Are you interested in automatically capturing trades from your trading exchanges directly into your ETRM system? Out of …
POSTED BY Thomas Hunt ON January 19, 2019 IN Blog, Digital Transformation, E/CTRM, Optimization
Between March and May of this year, we have seen a perfect storm of supply-and-demand imbalances in the Permian Basin. Production hit record levels of 3 million barrels per day (bpd) according to the EIA, refineries shut down for annual turnarounds, and pipeline takeaway capacity reached its limits. All this has culminated in the Midland-Cushing …
