Sable Permian Resources Selects InstaNext to Replace Outdated Legacy System

InstaNext, a premier provider of cloud-hosted commodity trading and risk management solutions, announced today that Sable Permian Resources has licensed the InstaNext software platform to replace their current outsourced service, as InstaNext has the capabilities to allow for more timely risk management and can better meet Sable’s derivative and physical requirements.

Headquartered in Houston, Texas, Sable Permian Resources is an independent oil and natural gas company focused on the acquisition, development and production of unconventional oil and natural gas reserves in the Permian Basin, specifically the Wolfcamp Shale Play in the core of the Southern Midland Basin. The energy company has a strong track record of achieving operational efficiencies through the application of advanced drilling and completion techniques and opportunistic acquisitions.

Sable will utilize several tools across the InstaNext platform. One of the energy company’s unique needs is having the ability to capture and value their natural gas liquid basket deals. Using InstaNext’s formula engine, Sable will be able to combine several NGL products into a single tradable contract. In addition, Sable is taking advantage of the invoice generation and payments function within the system in order to communicate and track activity with its counterparties. Since accounting is also critical, Sable will be using InstaNext’s full accounting suite which will automatically generate the necessary balance sheet and income statement journal entries each month. InstaNext’s Coverage Analysis module will be valuable to Sable in order for the company to track and analyze their hedged production versus physical production. With Sable’s increased production and recent acquisition of American Energy – Permian Basin LLC, they require a system that will be able to scale and perform along with their operations. Ultimately, Sable is phasing out their legacy ETRM system which is not currently meeting their business needs.

“We are excited to add another Houston E&P company to our prestigious client list,” noted Richard W. Kulaszewski, EVP Global Field Operations at InstaNext. “Sable will continue the roadmap as the InstaNext system grows into a holistic solution for both physical and financial capabilities.”

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 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.

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