Introduction
Trilogy Energy Solutions initially implemented TIES for 1849 Energy in 2018, streamlining their midstream operations with automation and integrated workflows. In 2022, Eagleridge Acquisitions expanded its portfolio by acquiring the assets of 1849 Energy - including production from dry gas wells across three regions, rich gas wells in one area, three gathering systems, and a processing plant with third-party shippers.
The company needed a more efficient and reliable system to manage these newly acquired assets effectively. At the time, Eagleridge relied heavily on spreadsheets for critical tasks such as scheduling, shipper imbalance management, OBA imbalance management, cash-outs, plant allocations, marketing, netback allocation, WASP calculation, complex fee calculations, and invoicing.
This manual, spreadsheet-based, multi-person approach led to inefficiencies, increased workload, and a higher risk of errors, making it clear that a more streamlined solution was necessary.
The Challenge: Inefficient, Spreadsheet-Based Operations
Before implementing TIES, the company relied on spreadsheets to manage its critical operations, a method inappropriate to the complexity of its expanding business. Several key challenges arose from this approach, including:
Manual handling of gathering scheduling, shipper/OBA imbalance management, and cash-outs.
Marketing tasks such as netback allocation and WASP calculation were performed manually.
Plant allocations and reconciliations lacked a streamlined system.
Revenue allocation and invoicing were time-consuming processes, with no integration into their general ledger (GL) system.
Manual tiered fee and escalation schedules.
These manual processes were error-prone and inefficient, making it increasingly difficult for Eagleridge to scale its operations as the company grew.
The Solution: TIES Automates Complex Processes
Recognizing the need for a more robust solution, the company turned to Trilogy Energy Solutions’ TIES software, which automated key operations across three critical areas:
Marketing Module:
Automated netback and WASP processes, including the transparent netback of downstream transportation fees and fuel.
Efficient allocation of revenue and charges to wells, seamlessly integrated with the GL system.
Streamlined tracking of Firm Transport sales, and imbalances.
Automated invoicing and distribution which significantly reduced manual effort.
Gathering and Pipeline Functionality:
Automated daily volume imports, which were allocated to meters and contracts and forecasted flow for the balance of the month.
Real-time updates on shipper and OBA imbalances with comprehensive reporting.
Easy adjustment for curtailments and nomination changes.
Automated rate calculations, escalations, invoice generation, and distribution.
Enhanced accuracy with edit checks and trend reports, simplifying reconciliation.
Plant Module:
Automated daily allocations and forecasts for accurate take-in-kind shipper residue volumes.
Residue gas nominations are recorded and balance management is fully automated.
Monthly reallocations, plant statement generation, and customer settlement distribution.
Simplified complex and error-prone spreadsheet processes.
The Results: Enhanced Efficiency, Precision, and Scalability
The implementation of TIES delivered the following key outcomes:
Drastic reduction in manual tasks, boosting overall efficiency.
Enhanced accuracy in reporting, reconciliation, and invoicing processes.
Scalable, streamlined operations that seamlessly accommodate future growth.
Conclusion: TIES Paves the Way for Sustainable Growth
With the transition to TIES, the company has moved beyond outdated manual processes, embracing a modern, integrated system that drives efficiency and accuracy.
This shift has freed the company from operational bottlenecks, allowing them to focus on optimizing their assets instead of managing inefficiencies.
Equipped with the powerful tools of TIES, the company is better positioned to enhance productivity and sustain its ongoing growth.
