InstaNext, a premier provider of cloud-hosted commodity trading and risk management solutions, announced today that Copano Energy (now wholly owned by Kinder Morgan) has chosen the InstaNext platform for tracking and auditing information.
Based in Houston, TX, Kinder Morgan is the largest energy infrastructure company in North America, moving about one third of the natural gas consumed in the region. The company’s pipelines transport natural gas, refined petroleum products, crude oil, carbon dioxide and more. They also store or handle a variety of products and materials at their 180 terminals including gasoline, jet fuel, ethanol, coal, petroleum coke and steel. Kinder Morgan has an unparalleled, large footprint of diversified and strategically located assets that are core to North American energy infrastructure and help deliver needed energy products to high-demand markets.
Owning 69,000 miles of pipelines, the energy company is the largest natural gas network and connects to every important U.S. natural gas resource play, including the Eagle Ford, Marcellus, Utica, Uinta, Haynesville, Fayetteville and Barnett. Kinder Morgan’s customers include major oil companies, energy producers and shippers, local distribution companies and businesses across many industries. The company will be using the InstaNext platform to track and audit information on events occurring within the thousands of miles of pipelines that they manage. This will help Kinder Morgan streamline business processes and give them instant access to information using the cloud-hosted solution.
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.