COPAS Energy Education – Gas Balancing

When:
June 20, 2017 @ 8:00 am – 5:00 pm
2017-06-20T08:00:00-05:00
2017-06-20T17:00:00-05:00
Where:
2 Allen Center
Devon Energy Tower
1200 Smith St, Houston, TX 77002
USA
Cost:
$350

HOUSTON, TX, 8:00 AM – 5:00 PM

We are hosting a COPAS Energy Education course on June 20 in Houston, TX. The course will provide an overview of Gas Balancing and linking directly into imbalances, owner responsibilities, and how to account for them.

Hein CPA

Tuesday, June 20, 2017
8:00 a.m. – 5:00 p.m.

2 Allen Center
1200 Smith Street, 12th Floor
Houston, TX 77002

TOPICS

  • Introduction and overview of Gas Balancing – deregulated Gas Marketing
    • Historical Gas Marketing
    • Current Gas Marketing
  • Common Types of imbalances
    • Producer to Producer
    • Producer to Transporter
  • How Other Types of Imbalances Are Created
    • Producer Shipper to Purchaser
    • Producer to Gas Plant
    • Piplelines with Multiple Deliver Points
  • Finding the Data to Track Gas Balances
    • Production Operations
    • Land Administration
    • Gas Marketing
  • Reporting Data & Positions on Gas Balancing Statement
    • Production Data
    • Well/Lease/Field
    • Transporter
    • Current and Cumulative Imbalance Volume
    • Positions
      • Sales vs Entitlements
      • Valuation
  • Balance Settlements
    • In Place Gas Balancing Agreement
    • No Gas Balancing Agreement
    • Special Circumstances for Production – OK Senate Bill 168

LEARNING OBJECTIVES

  • Demonstrate an understanding of gas sales prior to deregulation to “open access”
  • Discuss and apply gas balancing on working interest, royalty and overriding royalty owners
  • Summarize and apply the appropriate methodology for computing owner responsibilities for the gas balancing process along with lease operating expenses, royalties, and taxes
  • Differentiate and discuss other types of imbalance concepts and processes
  • Summarize gas settlement balances

PRESENTER

Salomon Tristan, Managing Partner, Cheddar’s Scratch Kitchen

CPE DETAILS

Qualifies for 8 hours of CPE
Prerequisites: Some revenue accounting experience useful
Field of Study: Specialized Knowledge and Applications
Delivery Method: Group Live
Program Level: Intermediate

MORE INFORMATION

Refreshments and lunch provided.

For more information, visit the COPAS website.