PetroNet Brings Petroleum Industry Relief With New Oracle Accelerate Solution for Oracle's JD Edwards EnterpriseOne

SCOTTSDALE, AZ, Apr 07 (MARKET WIRE) --
PetroNet LLC today announced the launch of its Oracle Accelerate solution
for the petroleum industry to help downstream refiners and wholesalers
operate more efficiently and better respond to customers' needs.
PetroNet's Oracle Accelerate solution integrates to Oracle's JD Edwards
EnterpriseOne 8.x and 9.0 and allows fuel marketers and distributors
to:

-- post and provide competitive, accurate and timely pricing
notifications to their customers;
-- automate the billing process; manage multiple customer marketing and
sales contract programs; and
-- provide more accurate and real-time inventory and supply data.

With the price of oil futures swinging violently in recent months,
refiners and wholesalers are facing pressure to keep pace with an
increasingly volatile and accelerated market. Unfortunately, many
industry players are constrained by manually intensive processes and
disparate data required to make sound, real-time decisions. Specifically,
many marketers lack the ability to keep tabs on competitive pricing or
even available and committed inventory. Too often, critical data is kept
in numerous, disparate, manually maintained spreadsheets and databases
that are meant to integrate to key back office systems through brittle,
home-grown interfaces.

With the PetroNet solution, refiners, wholesalers, and distributors can
easily integrate real-time market pricing from DTN, OPIS, NYMEX, Platts,
and other pricing sources to understand the competitive landscape and
dynamically adjust their prices to reflect market conditions. The PetroNet
solution enables companies to manage the complexity of market needs such
as correctly assigning the load to a contract, accurately splitting loads
across multiple contracts, and properly pricing a load when a contract has
expired or the contract volume has been exhausted.

"PetroNet will help downstream refiners and wholesalers extend the
downstream Oil & Gas capabilities of JD Edwards EnterpriseOne and provide
a single, integrated solution," said Tony Kender, Senior Vice President of
the Global Oracle Accelerate Program Office. "PetroNet is a great example
of an Accelerate solution where industry expertise is combined with Oracle
Applications and Business Accelerators to give customers an optimal
solution for their industry. As an Oracle Certified Partner, PetroNet
solutions are engineered to easily integrate with JD Edwards EnterpriseOne
to ease adoption; lower training costs; and reduce the total cost of
ownership. PetroNet is giving JD Edwards customers another good reason to
upgrade to EnterpriseOne 9.0."

PetroNet was developed by the founders of Chelsea Consulting, who have
extensive experience deploying EnterpriseOne for oil, gas, and chemical
producers and distributors, including Shell Lubricants, Colonial Group,
Cenex Harvest States, and Western Refining, Inc.

Coming Soon: PetroAlt(R) for Alternative and Renewable Fuel Markets

PetroAlt solutions are currently in development to bring the power of
PetroNet to the alternative and renewable fuel markets. Like PetroNet,
PetroAlt is designed to easily integrate with and extend the capabilities
of Oracle's JD Edwards EnterpriseOne to enable alternative and renewable
fuel marketers and distributors to manage their own unique downstream
activities.

About Oracle Accelerate

Oracle Accelerate is Oracle's strategy for helping Certified Partners and
Certified Advantage Partners provide midsize businesses and government
entities with the most complete, easy to own, industry-focused solutions.
Oracle Accelerate solutions are application bundles that are developed and
can be quickly implemented by qualified partners and provide a wide range
of industry-specific functionality. Partners who participate in the Oracle
Accelerate program are provided with Oracle Business Accelerators, rapid
implementation tools, templates and process flows to enable customers to
realize immediate benefit from Oracle Applications.

About the Oracle PartnerNetwork

Oracle PartnerNetwork is a global business network of more than 20,000
companies who deliver innovative software solutions based on Oracle
software. Through access to Oracle's premier products, education,
technical services, marketing and sales support, the Oracle
PartnerNetwork program provides partners with the resources they need to
be successful in today's global economy. Oracle partners are able to
offer their customers leading-edge solutions backed by Oracle's position
as the world's largest enterprise software company. Partners who are able
to demonstrate superior product knowledge, technical expertise and a
commitment to doing business with Oracle qualify for the Certified
Partner levels. http://oraclepartnernetwork.oracle.com.

About PetroNet

PetroNet(R) solutions have been developed through years of experience in
the downstream oil and gas industry by Chelsea Consulting. For more
information contact PetroNet at 1-877-98-PETRO or
www.petronetsolutions.com.

PetroNet and PetroAlt are registered trademarks of PetroNet LLC in the
United States and other countries. All other company and product names
mentioned may be trademarks of the companies with which they are
associated.

Oracle is a registered trademark of Oracle Corporation and/or its
affiliates.

Media Relations Contact:
Dan Reidy
Reidy Communications
Email Contact
(415) 497-3109

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