OGCIS™ Oil and Gas Contract Information System
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Click to enlarge
The image illustrates the level of detail of a Gathering Contract
and the various transaction rates for computing the Invoice. Fuel
deductions and charges can be designated as applying to the delivery
or receipt quantity. The generic Contract format is applicable to
all Contract types. |
Document & Image Storage Imaging
Systems have been available for some time; however, they are generally
costly and beyond the reach of many Companies. ENSYTE includes with
all of its software applications a process to store any type of a
document or a scanned image with the Contract. No complex search
procedures for finding a stored document or image. Simply click
the View Menu on a screen, select the document or image of interest
and then click View. The
selected document or image is presented in it's proper Window application
program for viewing. Security provisions are available to
prevent unauthorized parties from deleting or editing the document
or image.
Easy, secure access to Contracts and related Documents
and Images.
Contracts and stored documents and images can be viewed anywhere
on the Company's IT network or across the internet, if enabled. Password
protection and Your Company's data management and backup procedures
will ensure that documents are not lost and that everyone who needs
access can view the information with a few clicks of the mouse. |
Why do You need to adopt disciplined Contract Management
business practices?
You are simply leaving money on the table and exposing
yourself to unnecessary risks if you don’t.
Business executives regularly identify a lack of visibility into
the Company’s contractual relationships as the most significant
shortcoming of the Company’s information technology applications. |
ENSYTE’s OGCIS application components place
a premium on visibility and the compliance information necessary
to manage Contracts and Agreements with Counter Parties and Vendors.
With the OGCIS application, You have the tools to improve corporate
oversight and reduce potential exposure to liability. The features
help You mitigate risk; exercise greater control, improve counter
party performance, reduce costs, respond to critical reconciliation
dates, reconcile revenue to price and quantity terms and stay on
top of operations. OGCIS is a functional part of ENSYTE applications
and can be integrated to Your current suite of applications, as well
as Your G/L Accounting System. |
Key Contract Features include:
Alerts, Provisions & Notes, Pay Terms, Service
Points, Rates/Charges, Document & Image Storage, Amendments
and User Defined Data.
The Contracts Module offers the opportunity to:
- Centralize Contract Management along with supporting data. Specific Oil & Gas
Contracts plus Generic Agreement formats.
- Establish a central repository
of all Contract counter parties, with contact
and address data.
- Define
Contract prices,rates, fuel deductions and other financial terms
and conditions.
- Tie
Contracts to wells, transportation custody transfer and composition
sample data points.
- Establish
Contract and Counter Party Alerts and obtain online alert notification.
- Setup
and manage Contract Terms and Provisions by subject in dated
"brief" formats.
- Track
Contract Amendments and cross-reference to changes in
terms and conditions.
- Utilize document imaging to quickly access key contract information from
the online brief.
- Install
Password security for creating and updating contract documents.
Contract Types include:
- Wellhead Gas Gathering: Illustrated above, OGCIS functions with a producer or
gas gatherer orientation.
- Wellhead Oil Transportation: Pipeline and trucking Company agreements.
- Wellhead Oil and Gas Sales: Oil sales at posted
plus differential, gas sales at
index less differential and complete netback charge summary.
- NAESB/GISB Master Purchase and Sales Deal Agreement: Wholesale spot and
firm contracts for purchase and sales transactions.
- Gas Pipeline: Interstate and long haul transportation with telescoping and postage
stamp rate structures.
- Time and Location Swaps: Swap transactions with
gain/loss terms and conditions.
- Storage Operations: Gas storage contracts on
pipelines or with storage operators.
- Agent/Broker Agreements: Agreements to control
transactions by agents/brokers.
- Operating Agreements: Operator agreement with partners in a drilling prospect
and producing well.
- Miscellaneous Contracts: General format for inserting other contract terms and
conditions outside of the typical oil and gas marketing and
transportation contracts.
PRIMEDB™, LANDTRAC™, PROPHET™, GASTAR™, PRISM™ and OGCIS™ are Trade Marks and Sales Marks of ENSYTE Energy Software, Int'l, Inc. 770 S. Post Oak Rd, Suite 330, Houston, Texas, 77056
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