Web-based methods and systems for exchanging information among partners
First Claim
1. A method for exchanging information within a partnership using a web-based system including a server coupled to a centralized database of business data relating to the partnership and at least one client system, the partnership having an ownership interest in an energy producing asset including at least one of an oil producing asset and a natural gas producing asset, the server including a plurality of analytical tools, said method comprising:
- providing forms stored within the server as web pages for the insertion of updated partnership business data and causing the forms to be displayed on a client system;
uploading forms that include updated partnership business data intended for use by other authorized users to the server, wherein the updated partnership business data is stored within the database, the partnership business data including information describing the energy producing asset;
formatting the partnership business data uploaded using web pages stored within the server;
downloading the web pages to authorized users requesting the updated partnership business data;
accessing the plurality of analytical tools including an authorization for expenditure tool and a glance hedge partnership tool, wherein the authorization for expenditure tool processes a request from an authorized user for a proposed expenditure within the partnership and stores within the database, for a capital expenditure, data describing an increase in forecasted output of the energy producing asset resulting from the capital expenditure, and wherein the glance hedge partnership tool determines a hedge position for the partnership with respect to the energy producing asset based on the data stored within the database, wherein the hedge position is based on an annualized forecasted output of the energy producing asset which includes the increase in forecasted output resulting from the capital expenditure; and
tracking the proposed expenditure request using the authorization for expenditure tool through an approval process within the partnership.
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Accused Products
Abstract
A method for exchanging information within a partnership is provided. The method uses a web-based system that includes a server coupled to a centralized database of business data relating to the partnership and at least one client system. The server has a plurality of analytical tools. The method includes providing forms stored within the server as web pages for the insertion of updated partnership business data and causing the forms to be displayed on a client system, uploading forms that include updated partnership business data to the server, downloading the web pages to authorized users requesting the updated partnership business data, accessing the plurality of analytical tools including an authorization for expenditure tool wherein the authorization for expenditure tool enables an authorized user to submit a request for a proposed expenditure within the partnership, and tracking the proposed expenditure request using the authorization for expenditure tool through an approval process within the partnership.
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Citations
61 Claims
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1. A method for exchanging information within a partnership using a web-based system including a server coupled to a centralized database of business data relating to the partnership and at least one client system, the partnership having an ownership interest in an energy producing asset including at least one of an oil producing asset and a natural gas producing asset, the server including a plurality of analytical tools, said method comprising:
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providing forms stored within the server as web pages for the insertion of updated partnership business data and causing the forms to be displayed on a client system; uploading forms that include updated partnership business data intended for use by other authorized users to the server, wherein the updated partnership business data is stored within the database, the partnership business data including information describing the energy producing asset; formatting the partnership business data uploaded using web pages stored within the server; downloading the web pages to authorized users requesting the updated partnership business data; accessing the plurality of analytical tools including an authorization for expenditure tool and a glance hedge partnership tool, wherein the authorization for expenditure tool processes a request from an authorized user for a proposed expenditure within the partnership and stores within the database, for a capital expenditure, data describing an increase in forecasted output of the energy producing asset resulting from the capital expenditure, and wherein the glance hedge partnership tool determines a hedge position for the partnership with respect to the energy producing asset based on the data stored within the database, wherein the hedge position is based on an annualized forecasted output of the energy producing asset which includes the increase in forecasted output resulting from the capital expenditure; and tracking the proposed expenditure request using the authorization for expenditure tool through an approval process within the partnership. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22)
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23. A web-based system for exchanging information within a partnership having an ownership interest in an energy producing asset including at least one of an oil producing asset and a natural gas producing asset, said system comprising:
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at least one client system comprising a browser; a database for storing business data relating to the partnership; and a server comprising a plurality of analytical tools, said server configured to be coupled to said client system and said database, said server further configured to; provide forms stored within said server as input web pages for the insertion of updated partnership business data, display the input web pages on said client system, upload forms including updated partnership business data intended for use by other authorized users to said server wherein the updated partnership business data is stored within said database, the partnership business data including information describing the energy producing asset, format the partnership business data uploaded using output web pages stored within said server, download the output web pages to authorized users requesting the updated partnership business data, display on said client system the output web pages, access the plurality of analytical tools including an authorization for expenditure tool that processes a request from an authorized user for a proposed expenditure within the partnership and stores within the database, for a capital expenditure, data describing an increase in forecasted output of the energy producing asset resulting from the capital expenditure, and a glance hedge partnership tool that determines a hedge position for the partnership with respect to the energy producing asset based on the data stored within the database, wherein the hedge position is based on an annualized forecasted output of the energy producing asset which includes the increase in forecasted output resulting from the capital expenditure, and track the proposed expenditure request using the authorization for expenditure tool through an approval process within the partnership. - View Dependent Claims (24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46)
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47. A method for exchanging information within a partnership involved in oil and gas exploration using a web-based system including a server coupled to a centralized database of business data relating to the partnership and at least one client system, the partnership having an ownership interest in an energy producing asset including at least one of an oil producing asset and a natural gas producing asset, the server including a plurality of analytical tools, said method comprising:
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providing forms stored within the server as web pages for the insertion of updated partnership business data including oil and gas exploration data; uploading forms that include updated partnership business data intended for use by other authorized users to the server, wherein the updated partnership business data is stored within the database, the partnership business data including information describing the energy producing asset; enabling an authorized user to access an information page via the at least one client system; prompting an authorized user from the information page to access at least one of the plurality of analytical tools including an authorization for expenditure tool and a glance hedge partnership tool, wherein the authorization for expenditure tool processes a request from an authorized user for a proposed expenditure within the partnership and stores within the database, for a capital expenditure, data describing an increase in forecasted output of the energy producing asset resulting from the capital expenditure, and wherein the glance hedge partnership tool determines a hedge position for the partnership with respect to the energy producing asset based on the data stored within the database, wherein the hedge position is based on an annualized forecasted output of the energy producing asset which includes the increase in forecasted output resulting from the capital expenditure; and tracking the proposed expenditure request using the authorization for expenditure tool through an approval process within the partnership. - View Dependent Claims (48, 49, 50, 51)
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52. A computer program embodied on a computer readable medium and executable by a processor for exchanging information within a partnership having an ownership interest in an energy producing asset including at least one of an oil producing asset and a natural gas producing asset, said program comprising at least one code segment that receives business data relating to the partnership and then:
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maintains a database by adding, deleting and updating business data; provides forms as web pages for the insertion of updated partnership business data and causing the forms to be displayed on a client system, the partnership business data including information describing the energy producing asset; downloads the web pages to authorized users requesting the updated partnership business data; accesses the plurality of analytical tools including an authorization for expenditure tool that submits a request from an authorized user for a proposed expenditure within the partnership and stores within the database, for a capital expenditure, data describing an increase in forecasted output of the energy producing asset resulting from the capital expenditure, and a glance hedge partnership tool that determines a hedge position for the partnership with respect to the energy producing asset based on the data stored within the database, wherein the hedge position is based on an annualized forecasted output of the energy producing asset which includes the increase in forecasted output resulting from the capital expenditure; and tracks the proposed expenditure request using the authorization for expenditure tool through an approval process within the partnership. - View Dependent Claims (53, 54, 55, 56, 57, 58, 59, 60, 61)
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Specification