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eSimEvaluatorTM

 

Rapid growth in the gas processing industry, plus the proliferation of the MLP business model, has made access to growth capital extremely important for mid-stream processors. Continued access to capital is driven by predictable performance results. Therefore, it is extremely important for mid-stream processors to effectively plan, forecast, and optimize their business performance and to maximize each asset’s true profit potential.

eSimEvaluatorTM was developed specifically to address the planning, forecasting, and optimization challenges associated with managing gas processing businesses. eSimEvaluator is an offline software solution that employs the latest non-linear optimization, visualization, and case study database technologies to provide a higher level of business optimization than is currently available in the mid-stream industry.

eSimEvaluator supplements accounting system capabilities by providing a more accurate forward look on the business under a variety of processing conditions and assumptions. Once configured, the same eSimEvaluator model can then be leveraged by the key groups charged with managing business performance including:

1. The Commodity Management Group will have a model based planning tool to manage fluctuating economic conditions, unscheduled process equipment downtime or limitations, and unforeseen supply or takeaway capacity limitations. From a forecasting perspective, the commercial manager will be able to accurately manage PTR imbalances, and project end of month residue / NGL deliveries, given the fluctuations mentioned above.
2. The Operations and Engineering Groups will have a modeling tool to better understand the financial impact of gathering and processing disruptions and to develop a resolution strategy that minimizes the overall financial impact of the disruption. The Engineering group will also have a tool to more accurately estimate the value to be realized from local profit improvement initiatives and to analyze system expansion strategies to support growth.
3. The Business Development Group will have a modeling tool to accurately estimate the processing margin associated with bringing a new package of gas onto the system (given the new gas package’s affect on existing contracts). Business Development can also use eSimEvaluator to analyze new asset performance potential during merger and acquisition discussions.

Differentiated by its highly accurate physical model of asset capability, and rigorous commercial model of the business, eSimEvaluatorTM represents a giant step towards global asset optimization. The goal of global asset optimization is reached when eSimEvaluator is combined with eSimOptimizer to maximize the overall profit contribution for the asset.

 

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