Description
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 Imbalances
- Collect and Analyze Data for Gas Imbalance
- Imbalance Techniques
- Nomination and Confirmation
- Process
- Account Wellhead Volumes
- 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
- Generate Statement
- Make-up Gas
- Define
- Examples
- Balance Settlements
- Gas Balancing Agreement
- No Gas Balancing Agreement
- Imbalance Reporting
Learning Objectives
Upon completion of the course, you will be able to:
- Explain how various gas balances are created and settled
- Generate a gas balancing statement
- Indentify factors to consider in gas balancing settlements
- Evaluate financial reporting requirements
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