I recently caught up with Richard Pinos, head of customer success for nGenue (the Houston-based provider of natural gas software for marketers, producers, LDCs, utilities, and pipelines) to get an update on recent new product developments and market activity. On the product front, Mr. Pinos noted that the company has continued to expand their depth of capabilities to service the full range of businesses that operate across the natural gas value chain. With new development efforts over the last 18 months, their market reach now extends from wellhead to consumer, or said another way, producer services to retail natural gas complex billing. Included in their most recent new product developments are: a new price quotation engine designed for the rapid price generation, quoting and contracting of residential and small/medium C&I prospects; an enhanced web portal that LDCs and gas marketers can utilize to provide on-demand information and data to brokers, marketers and gas consumers; and new producer services capabilities that automate wellhead management processes including owner remittance statements, volumetric imports, and netback pricing at the wellhead. In discussing their 2020 activity, he noted that the year started strong with numerous “interested Marketers and LDCs” in active discussions with their company.… continue reading
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