Gas Balancing

Gas Balancing

This course provides an overview of Gas Balancing and linking directly into imbalances, owner responsibilities, and how to account for them. It is suitable for petroleum industry experienced Revenue Accountants, business professionals, investment advisors, analysts, regulators, government employees, and lawyers.

Course Content

This course covers the following topics:

 Introduction and Overview of Gas Balancing – Deregulated Gas Marketing

  • Historical Gas marketing
  • Current Gas Marketing

 

Common Types of Imbalance

  • Collecting and Analyzing Data for Gas Imbalance
  • Imbalance Techniques

 

Nomination and Confirmation

  • Process
  • Account Wellhead Volumes

 

How Transporter Imbalances Are Created

  • Producer, Shipper to Purchaser
  • Issues

 

Statements

  • Gas Plant Statement
  • Transporter Statement
  • Gas Analysis


Pipeline Flow

  • Production Flow
  • Multiple Allocation Points

 

Exhibit E Joint Operating Agreement (JOA)

  • AAPL Form
  • Negotiated Agreement

 

Gas Balance Statement 

  • Required Data
  • Generating a Statement  

 

Make-up Gas 

  • Definition
  • Examples

 

Balance Settlements 

  • Gas Balancing Agreement
  • No Gas Balancing Agreement
  • Imbalance Reporting  

 

Learning Objectives

Upon completion of this course, you will be able to:

  1. Explain how various gas balances are created and settled
  2. Generate a gas balancing statement
  3. Identify factors to consider in gas balancing settlements
  4. Evaluate financial reporting requirements

 

Program Level: Intermediate     CPE Credits: 8 hours      Delivery: Group-Live       

Prerequisites: Some previous revenue accounting experience

Advance Prep: None                 Field of Study: Accounting

Cost: See pricing on registration opportunities, and for custom private courses contact Angie.Knipe@copas.org