Tourmaline Oil Corp. Selects Eka’s Next-Generation ETRM Software to Manage Crude Oil and Natural Gas Operations

Stamford, CT – June 16, 2015: Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, announced today that Tourmaline Oil Corp. has selected Eka’s InSight CM platform to manage trading, position, risk, scheduling, and settlement for its rapidly expanding crude oil and natural gas operations. Tourmaline Oil Corp. (TSX:TOU) is a leading North American intermediate crude oil and natural gas exploration and production company focused on long-term growth through an aggressive exploration, development, production, and acquisition program. The company’s business strategy is to maximize shareholder value by increasing reserves, production, and cash flows through the development of a continually growing asset base. To support the company’s rapid growth, Tourmaline required an advanced, multi-commodity ETRM solution that was fully integrated across front, middle, and back office. They sought a solution that would provide real-time position, exposure, and risk management to efficiently run operations and meet all reporting and audit requirements. Only Eka offered a single platform for both oil and gas that addressed all of Tourmaline’s needs. “Tourmaline had outgrown its current systems and it was imperative we invest in an advanced, multi-commodity ETRM software platform to support our rapidly expanding oil and gas operations,” said Sherra … continue reading

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