OVERVIEW
Oil & Gas (O&G) well operators can greatly improve operational efficiencies across the full value chain by streamlining their market transactions. The current process of maintaining high levels of O&G production data, tracking & disseminating information is highly paper & labor intensive. Manually calculating and distributing production statements, payments, and billings not only result in multiple friction points and high processing costs but also impacts the reliability and transparency in transactions.
Blockchain and AI technologies in streamlining transactions is viewed as a game changer that can enhance efficiencies, drive profitability and unlock new value from oil & gas resources by eliminating time-consuming and labor-intensive processes. NuArca, voted as IBM’s New Partner of the Year 2019, has pioneered the PipelineDL™ Distributed Ledger platform.
Streamlining the O&G Back Office Functions
PipelineDL™ leverages the power of blockchain technology to provide a unified source of truth for all members of the value chain. Through the PipelineDL™ portal, an oil or gas company can record the production and sales volume, and price from the well and issue division orders which interest owners then confirm. Based on that division order, a smart contract is established on the distributed ledger which records transactions and executes payments according to the terms. Therefore, filling out, sending, and tracking individual paper check payments becomes a thing of the past!
In this webinar, Todd, Chris and JB of NuArca will discuss issues such as:-
What is PipelineDL™ and what specific functions does it perform? What is its ecosystem? What are its limitations? What is the level of transaction security?
What value does blockchain technology add to the data collection and royalty payment processes? Why is a distributed, shared ledger important?
How does PipelineDL™ streamline the O&G back office functions?
What advantages accrue to the well operators? Other stakeholders?
What other industries would benefit from the core technology behind PipelineDL™?
Case Study – Zavanna, LLC
A case study from a pilot installation at Zavanna LLC will be shared where the operator has processed royalties and distributed production statements on the blockchain through the PipelineDL™ platform.
Join us to hear how the PipelineDL™ platform uses blockchain technology to help operators drive significant reductions in the cost of owner relations, royalty payment process and an improvement in the overall experience across stakeholders.
Attendees can ask questions during the Q&A session of the webinar.
Register today to secure your spot in this free webinar!
PRESENTERS
Christopher H. Smith | EVP Business Development | NuArca
Chris has over 25 years of experience in the oil and gas industry including leading oil and gas acquisitions, operations and information/software systems for multiple leading organizations. With extensive experience and relationships in the energy industry, Chris is leading the charge to build operator, partner, private banking, and trust services relationships.
Todd Cooper | CEO and Co-founder | NuArca
Todd has 20+ years of experience in leading and managing high growth businesses. His expertise includes helping Tier-1 global financial services firms including the largest and most demanding customers in heavily regulated industries and managing their risk and regulatory obligations. Todd believes that execution will be the primary difference in who wins with blockchain, crypto, and machine learning technologies.
JB Sloan | EVP of Product Management | NuArca
JB is the EVP of Product Management for Enterprise, SAAS, and installed products. He has extensive experience working with developers and corporations creating real world solutions on Blockchain. With over 10 years of experience managing the software development lifecycle, he has worked closely with companies around the world to plan and implement enterprise software applications.