In the past couple of blogs on the E-Ticket Exchange, we’ve taken a close look at how oil & gas operators can significantly cut field costs by digitally delivering run ticket data. That boost to your cash flow can start today by finding your haulers on our list of 50+ service providers. And we can also work to get haulers not on our list integrated into the exchange. We also delved into how the E-Ticket Exchange works to seamlessly transfer real-time run ticket data from haulers to producers, so be sure to read that blog if you missed it.
In our last blog in this series, we look at some of the ways the E-Ticket Exchange ensures the accuracy of the run ticket data you receive.
Normalizing Run Ticket Data
As an operator, you receive hundreds of run tickets every month from multiple purchasers, water haulers, and other service providers. The result is that your team receives a myriad of paper run ticket formats with different naming conventions for your assets, including leases, wells, and tanks. Then it’s up to your pumpers to collate and transcribe this large volume of run ticket data into a spreadsheet or manually key it into an accounting system.
On one hand, paper-based run ticketing injects a high cost for producers. And on the other, lack of data standards and potential for human error create risks. The E-Ticket Exchange reduces both costs and risks. By integrating logistics service provider run ticket data directly into our cloud-based exchange, your team effectively cuts out the middleman (i.e., pumpers) and gains timely access to crude oil sales and other field transactions. At the same time, the E-Ticket Exchange standardizes and normalizes run ticket information using master data and validation.
PDS Energy, Here to Help
The E-Ticket Exchange gives your team a single source for all of your run ticket data, available on demand. Equally important, exchange users gain a single source for run ticket support. While E-Ticket Exchange can standardize data fields, like asset naming, occasional anomalies arise with ticket values. PDS Energy’s support team can help by validating the inputs on your run tickets and troubleshooting data issues with haulers on your behalf.
Ready to Cut Costs by Automating Run Ticket Delivery?
Contact PDS Energy today to start receiving run ticket data from our extensive list of E-Ticket Exchange participants and even those not on our list. You can also learn more about E-Ticket Exchange here, including all the benefits and answers to common questions.
