InstaNext, a premier provider of cloud-hosted commodity trading and risk management solutions, announced today that Hawkwood Energy has chosen the InstaNext platform to manage their derivative trading and risk management activities as they continue to grow.
Hawkwood Energy is a Denver-based independent exploration and production company focused on acquiring and economically developing oil and natural gas resources in East Texas. Since its inception in 2012, Hawkwood has completed over twenty transactions accumulating 180,000 net acres of high quality, contiguous Eagle Ford acreage in East Texas. Hawkwood currently operates over 260 wells and in excess of 10,000 net barrels of oil per day.
Hawkwood was searching for a solution that would help streamline their business processes and reduce their lack of control due to the various spreadsheets they rely on to manage their crude oil derivatives and hedging activity. With its robust capabilities, it was an easy decision for the energy company to choose InstaNext. Hawkwood plans to use the ETRM platform to manage their derivative risk management and reporting activities, as well as to reconcile P&L and settlements with their counterparties. In addition, InstaNext’s extensive reporting and analytics tools will provide the energy company with the necessary hedge limits vs. current PDP, forecasted production and bank limits and simplify the management of their reconciliations and reporting requirements. “Hawkwood Energy is growing substantially as the company continues to acquire acreage in the Eagle Ford formation in East Texas. As production increases, the potential to add hedges exists. 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,” stated Richard Kulaszewski, EVP at InstaNext.
InstaNext is comprised of a team of software and technology experts in the fields of commodity trading, hedging, and risk management. With an extensive portfolio of prior successes in the CTRM industry, InstaNext provides intuitive solutions to help companies meet the challenges of the complex commodities world. The InstaNext platform simplifies every aspect of commodity trading and 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.