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Understanding the Marketing for Oil, getting it sold

4/20/2016

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My best advice to entrepreneurs is this: Forget about making mistakes, just do it. - Ajaero Tony Martins
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Once oil and gas have been discovered, commercial viability has been determined, production equipment has been installed, and treating and processing have been completed to bring these commodities to a marketable state, the next step is to market the product. Oil, natural gas, and NGL are each fungible commodities whose sales value is not greatly enhanced by product differentiation using colorful packaging and media advertising. Their prices are no longer subject to federal price controls, and the markets have become very volatile since the early 1980s. Marketing and price are largely influenced by the product's physical quality, potential customers, location of product and customer, and supply and demand for the commodity.

Establish your internal procedure guide that outlines framework of your business and how the day-to-day operations are supported and determined for your professional staff. This is a key tool for building team collaboration.

Fontenot & Associates Solutions LLC has the skills and time to support the development your business needs. Visit our website today.
Source: Petroleum Accounting
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    My mission is to offer the best accounting and operations solutions and tips for entrepreneurs and small to mid-size companies worldwide seeking to close their process gaps with actual solutions.  


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