8 Highlights from the 9th Annual OPIS NGL Summit 2019

POSTED BY Thomas Hunt ON March 6, 2019 IN Blog, Digital Transformation, Optimization

Recently, hundreds of professionals in the natural gas liquids (NGL) industry gathered at the OPIS NGL Summit in Phoenix, Arizona. This is the annual conference that brings together the majority of the industry in one place to set up contracts, network, and attend educational sessions. From these presentations and conversations with attendees emerged distinct themes …

Improve Operational Decision Making and Maximize Profit with capSpire’s New Natural Gas Network Optimization Platform

POSTED BY Ben Ridgway ON October 19, 2018 IN Blog, Digital Transformation, E/CTRM, Optimization

The shoulder seasons bring significant uncertainty to natural-gas markets. During this time, unexpected weather events in particular can wreak havoc on spot natural-gas prices. Imagine the scenario in which bid week took place just over two weeks ago, during which baseload purchases and sales for October were negotiated, as well as firm transport on pipeline …

How Permian and Canadian Pipeline Constraints Benefit Refiners

POSTED BY Thomas Hunt ON August 27, 2018 IN Blog, Digital Transformation, E/CTRM, Optimization

Limited takeaway capacity in the Permian and the widening of the WCS-WTI spread are benefiting some independent refiners. (The Permian Basin crude hub is located in Midland, where prices are benchmarked against the WTI Cushing price [Mid-cush spread]. Canadian crude from the prolific oil sands is called the West Canadian Select, and it is settled …

How to Save Six Figures on Your Next Refinery Turnaround

POSTED BY Bernard Wehbe ON June 5, 2018 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 …

Permian Basin Bottlenecks to Benefit Regional Refiners

POSTED BY Thomas Hunt ON May 18, 2018 IN Blog, Digital Transformation, E/CTRM, Optimization

In our last blog, we explored the impact of refinery shutdowns on the macro supply and demand of crude in regional hubs such as Midland. We also explored how refiners and midstream operators are increasingly leveraging optimization technology to help them manage their lease crude obligations during refinery shutdowns and turnarounds.   In this blog, …

Permian Basin: Optimizing Lease Crude Supply During a Refinery Turnaround

POSTED BY Thomas Hunt ON May 7, 2018 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 …

6 Highlights from the 8th Annual OPIS NGL Summit 2018

POSTED BY Thomas Hunt ON March 16, 2018 IN Blog, Digital Transformation, E/CTRM, News, Optimization

A few weeks ago, hundreds of professionals in the natural gas liquids (NGL) industry gathered at the OPIS NGL Summit in San Diego, California. This is the only annual conference that brings together the majority of the industry in one place to efficiently negotiate contracts and work out deals, network, and attend educational sessions. From …

How Midstream Companies Can Profit in Today’s Challenging NGL Market

POSTED BY Mike Scharf ON October 3, 2017 IN Blog, Digital Transformation, E/CTRM, Optimization

Over the last few years, the U.S. market for natural gas liquids (NGLs) has undergone significant changes that have introduced complexity and compressed margins for NGL midstream companies. Let’s discuss four of the most significant changes in the market and how NGL midstream companies can maintain healthy margins in this landscape. 1. More shale production …

Nominating Lease Volumes for Maximum Profitability

POSTED BY Bernard Wehbe ON July 11, 2017 IN Blog, Digital Transformation, E/CTRM, Optimization

As you probably know all too well, each of your station nominations tends to be based on the lease-station combinations that you calculated when you first acquired the lease. Every month, you add new lease volume and subtract relinquished leases. However, as new information becomes available, reassessing each of your leases every month can be …

Win Lease Bids at the Right Price and in Less Time

POSTED BY Bernard Wehbe ON June 14, 2017 IN Blog, Digital Transformation, E/CTRM, Optimization

It’s important that 1st purchasers respond to lease bids with competitive offers to beat out many other buyers. However, it’s even more critical to pinpoint the right price—one that makes sense economically for the purchaser and ensures a wide enough margin considering factors such as the distance from lease to station, transport fees, station fees, …