InstaNext Adds Black Swan Energy to its Growing List of E&P Customers

InstaNext, a premier provider of cloud-hosted commodity trading and risk management solutions, announced today that Black Swan Energy has licensed the InstaNext software for managing their gas and crude oil production.

Founded in 2010, Black Swan is a Calgary-based private energy company with a significant land position and growing production stream in the northeast British Columbia liquids-rich Montney play, a top-tier North American resource play.

Prior to licensing InstaNext, Black Swan was not using a CTRM system and the energy company was looking for a solution that would offer comprehensive reporting of their hedging program for both the financial derivative and physical production forecast sides.  With InstaNext’s ability to provide these capabilities, Black Swan aims to effectively mark-to-market its hedge positions as well as monitor coverage of production hedged.  In addition, Black Swan will utilize IntaNext’s reporting suite to aid in the compilation of management reports and various financial disclosures. The software will also serve to electronically store the company’s trade counterparty confirmations.

“We are delighted to add Black Swan Energy to our growing Calgary E&P base of customers,” stated EVP of Global Field Operations, Richard Kulaszewski. “It seems that our ability to capture, compare and marry forecasts to physical and financial hedge positions is a niche that most risk software vendors don’t address well.”

About 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 commodity management software can be implemented quickly and with low risk.

For more information please visit our website at www.instanext.com.

Posted in Press Releases.