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Back to all Triple Point Technology announcements

Triple Point Technology Inc. Provides Natural Gas Trading, Marketing and Scheduling Solutions for Large Natural Gas Producer

Seven prestigious natural gas clients have signed on since introduction of client-tested gas scheduling module nine months ago, proving Triple Point as the premier solution

WESTPORT, Connecticut, USA (May 18, 2006) – Triple Point Technology, Inc., the leading global supplier of cross-industry software platforms for the supply, trading, marketing, and movement of commodities, announced today that Kerr-McGee Corp. has chosen Triple Point’s Commodity XL for Gas™ and Gas Scheduling ‘Visual Cockpit’™ to support physical and financial natural gas trading. Since introducing ‘Visual Cockpit’ to the market nine months ago, Triple Point has become the solution of choice for gas-trading institutions, as demonstrated by the addition of seven major natural gas scheduling clients.

Kerr-McGee, one of the largest US-based independent oil and natural gas exploration and production companies, selected Triple Point’s solution after an extensive search. “As we grow our physical natural gas business, we wanted a system that automated and streamlined scheduling operations,” said Marc Peter, Kerr-McGee Gas Marketing Manager, “Triple Point’s solution handled all the complexities involved in scheduling natural gas through a single screen graphical interface.”

“It’s very gratifying to see so many industry leaders choosing our natural gas solution,” said Mike Ravo, vice president, Industry Solutions, Triple Point Technology. “Our trading solution has been the top choice for years because it integrates front- to- back-office and handles all the complexities of physical and financial trading, risk management, and settlement on one integrated, real-time platform. With the added capabilities of Gas Scheduling ‘Visual Cockpit,’ both traders and schedulers can now maximize their productivity on a single platform. Customers are proving the solution’s ROI over and over.”

Triple Point Commodity XL for Gas is a true next-generation solution, built specifically from the ground up for high-volume, complex transaction management organizations. It provides the essential capabilities for organizations trading natural gas with real-time integration of physical and financial positions, comprehensive risk management, and an integrated back office.
Gas Scheduling ‘Visual Cockpit’ was announced in June of 2005, and integrates seamlessly with Commodity XL for Gas, providing a central, single screen control point that graphically displays all the information required for complex scheduling. It solves the unique scheduling challenges caused by a convoluted interstate pipeline system, intricate FERC regulations, and complexities such as capacity management, storage management, imbalances, book-outs, lending and parking.