Innovators in the Energy Industry Turn to Zeno to Help Them Hone Cash Flows
Customer Adoption Validates Company’s Financial Performance Platform as an Indispensable Tool to Thrive in Today’s Returns-Driven Energy Market
AUSTIN, Texas–(BUSINESS WIRE)–#DataIsTheNewOil—Zeno Technologies, a pioneer in helping businesses master the financial performance of their energy assets, is working with leading producers in the energy market to help them better play the returns game that investors now demand. With legacy tools unable to give executive and finance teams the insights that they need, forward-thinking producers like Greenlake Energy are turning to Zeno to enable their returns-driven operating model.
“We’re working closely with our customers to understand the challenges they face, and building crucial product features into the Zeno platform to help them evaluate and then optimize the financial performance of their assets,” said Zeno CEO Sealy Laidlaw. “We are fortunate to partner with many of the most innovative and progressive energy producers, and we’re proud to stand with them as they take bold steps today to drive their businesses towards even stronger financial returns in the future.”
Today’s market is laser-focused on returns, and the energy producers quickest to fully align their businesses with this new reality are the ones that will outpace their competitors down the road. In the case of Greenlake Energy, the company’s quest for a better solution led them to Zeno.
Enabling A Returns-Driven Operating Model
Greenlake Energy is a new, private equity-backed energy producer led by industry veterans from Parsley Energy. The company – which commenced operations in September 2022 – saw early on the need to drive timely and accurate insights to hone their business performance. The Zeno platform will enable Greenlake’s returns-driven operating model, while providing a clearer picture of broad company performance, asset cash flows, acquisition scenario models and managing performance against plan.
“We have been purposeful in building our core business as a modern, responsible operator of the future. The collective vision and talent of the Zeno team quickly materialized into a long-term, strategic partnership. Decision intelligence is core to our strategy. Zeno’s platform enables us to aggregate and visualize critical data inputs across our ecosystem, creating a trusted source for in-depth, real-time modeling of ever-evolving commodity and reserve sensitivities,” said Rob Hembree, Founding Member and VP of Technology and Sustainability at Greenlake Energy. “We envision the Command Center as foundational to visualizing and looking beyond current performance. More importantly, it will allow us to anticipate and directly impact corporate and operational performance.”
Innovating the Zeno Platform Where it Matters Most
To support Greenlake and other new customers, Zeno is helping producers better understand operating and net cash flows by following three core product principles: trust, ease-of-use and collaboration.
“Universally we hear that what our customers need most is the ability to work together on trusted sets of data in a single, easy-to-use platform that provides direct insights into the financial performance of their assets. This allows them to make decisions more quickly, and thus stay ahead of the market,” continued Laidlaw. “The new capabilities we announce today further reaffirm our commitment to these three core product principles, which will continue to guide the development of our platform now and into the future.”
Resources Planning Accessible to Everyone
Zeno is transforming resources planning from a ‘black box’ into a transparent, collaborative and straightforward process. Legacy solutions lack the ability to validate data mid-process and often cost valuable time as inputs like price decks are checked and incomplete production forecasts updated. Zeno delivers a much-needed upgrade to this process, giving producers an intuitive, guided workflow that makes it easier to assemble a resources plan and validate the data for each assumption every step of the way.
Knowing Your True Cash Flow Position
Building a resources plan enables energy producers to understand operational cash flows. But what really matters at the business level is knowing your true cash position. To enable energy executives and finance teams to realize this, Zeno is launching a new financial planning module that encompasses hedging, general & administrative, and capital structure costs to offer unparalleled visibility into future free cash flows on a month-by-month basis.
Understand Actual Performance Against Plan
Zeno’s new central Command Center enables energy executives to track key performance metrics such as operating and net cash flow, production, pricing and costs to truly understand the performance of their businesses and individual assets. Execs can also easily model different market and operational conditions without needing to revert to their functional teams to rebuild analyses. This enables execs to understand potential impacts and act much more quickly to take action or kick-off in-depth analysis.
With these new features, Zeno further strengthens its offering and gives producers the tools they need to succeed in today’s returns-driven energy market. Energy execs and finance teams now have a centralized platform to understand and optimize the financial performance of their organizations – giving them the insight they need to stay one step ahead of the competition.
Ready to know your numbers? Visit www.zenotech.io for more information about Zeno’s Energy OS, the new financial performance platform. And be sure to follow us on LinkedIn to stay up to date on the latest company news.
About Zeno Technologies
Zeno Technologies is a pioneer in helping businesses master the financial performance of their energy assets. Zeno’s Energy OS, a new financial performance platform, is used by energy producers, investors and partners to drive financial performance by connecting organizations through data on a common platform, building real-time insights so their businesses can exert stronger capital discipline to better deliver the positive cash flows and predictable returns investors demand. Zeno is privately held and headquartered in Austin, TX. For more information, visit www.zenotech.io.
Contacts
John Snedigar
Faultline Communications
john@faultlinecomms.com
408-705-7518
