Midstream Oil and Gas - industry sector

Midstream - the bridge between oil and gas producers and end users

The Midstream Oil and Gas sector involves gathering, processing, transportation and marketing of natural gas and natural gas liquids (NGL). The sector includes gas gathering systems, gas processing facilities, intrastate pipelines, interstate pipelines gas marketers and natural gas liquids (NGL) marketers. The gas processing segment consists of various gas plant facilities including fractionation, cryogenic, treating and separation. Various midstream asset configurations are found, including: facilities that gather, process and transport gas for third party shippers, operators that act as a merchants utilizing the assets for their own buy/sell needs, or combinations of both.

Midstream Oil and Gas Processes and System

Processes and systems for midstream operators to efficiently manage operations and commercial activities are critical to success.  Key elements include:   

• Manage midstream transactions with customers including contracts, nominations, scheduling, allocations, settlements, imbalance, inventory and accounting for:
  • Gas processing plants
  • Gas gathering systems
  • Marketing natural gas
  • Marketing natural gas liquids (NGL)
• Manage division order and disbursements
• Capital budget management with financial controls, including approval process (AFE) and allocate approved funds to projects
• Collect, organize, analyze and edit measurement data to prepare for operational and commercial processing
• Reporting and business intelligence, executive dashboard, regulatory reports, etc.
• Right of way management for gathering facilities including GIS mapping

Midstream Oil and Gas Software Solutions