With our highly accurate, detailed forecast and bottoms-up methodology, our clients are confident in using our data to confirm the accuracy and efficiency of their own in-house production models... - Bob Simmons, producer manager, NGLs
Houston, TX (PRWEB) October 10, 2013
Following the 2012 acquisition of Spring Rock Production, a leading natural gas and crude oil production forecasting company, Genscape continues to take supply side analytics to the next level with the launch of its NGLs Production Forecast. The unveiling of Gensape’s dynamic forecast is extremely timely with the soaring production of natural gas liquids and the increasing investment in pipelines and other infrastructure. This leading edge forecast will help industry analysts understand the impact of growing NGLs production on the production curve, allowing them to improve overall accuracy and bridge gaps within their in-house S&D models.
Genscape’s NGLs Production Forecast provides the most robust two-year forecast in the industry, available two months ahead of the EIA’s estimates. The forecast, broken down by NGLs product type, combines EIA, state, natural gas pipeline flow and gas quality data to deliver a comprehensive forecast of NGLs production from gas processing in the Lower 48. The forecast models are broken down by EIA Petroleum Districts and sub-regions where applicable and many models have been unconventionally developed at the gas processing plant level, greatly enhancing Genscape’s model accuracy.
To truly understand infrastructure impacts and calculate changes in ethane production, Genscape is utilizing an abundance of underlying data to produce its unique forecast, including data from Genscape’s Natural Gas and Oil Production Forecasts, pipe nominations and gas quality information, data from State Energy Departments, EIA, FERC, CME, weather data, and company information (10K, 10Q, investor presentations) to provide clients with much deeper correlations than anything on the market today.
“With our highly accurate, detailed forecast and bottoms-up methodology, our clients are confident in using our data to confirm the accuracy and efficiency of their own in-house production models and to bridge any knowledge gaps they may have,” said Bob Simmons, Gensape’s product manager of NGLs.
This new service will deliver a detailed two-year NGLs Production Forecast with expert analysis on risk and implications, including all historical and forecasted production data every six weeks. Also included are an EIA Monthly Comparison Report comparing EIA monthly NGLs data to Genscape’s forecast and a weekly Ethane Rejection Report utilizing gas quality data to understand how ethane production is changing. Clients also receive a summary of quarterly earnings calls.
Join Genscape on Wednesday, October 16th at 3PM EDT for “The Next Era in NGLs Production Forecasting,” a complimentary webinar featuring Bob Simmons, product manager for NGLs, and Randall Collum, managing director of supply side analytics. Registration for the webinar is available at info.genscape.com/ngls-production-forecast-press.
For more information or to speak with one of Genscape’s experts please visit: info.genscape.com/ngls-learn-more
Genscape is the leading global provider of energy information for commodity and financial markets. Utilizing patented technologies and proprietary algorithms, Genscape provides accurate and timely data on capacities, flow and utilization for all major energy commodities. With thousands of sophisticated energy monitors strategically deployed all over the world, Genscape is unique in its ability to measure and collect energy market fundamentals. These “measured actuals” are then transmitted to clients in real-time or near real-time. Genscape clients often gain first-mover advantage and increased market transparency to better optimize their positions. For more information, please visit: http://www.genscape.com.