skip to Main Content

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.

This product is currently out of stock and unavailable.

Gas Balancing

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:

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

 

 

 

COPAS POLICIES: Complaints | Cancellation & Refund Policy

Additional information

Date / Location

May 19th in Dallas, TX

Testimonials

Networking is so important. It will help with your job and career, and you will gain knowledge you can’t get sitting at a desk. The people in COPAS have mentored me, answered questions for me, and genuinely cared about me and my family.

Melissa Gruenewald
Rating: 5

COPAS has great learning opportunities, leadership opportunities, and ways to develop relationships with other accountants and oil and gas professionals. You will work hard when you get involved, but the experiences, people and benefits will be worth it.

Melissa Gruenewald
Rating: 5

For anyone searching for energy knowledge, professional industry contacts, peers with whom to discuss similar dilemmas, and access to energy experts—COPAS is the place to be!

Carolyn Sczepanski
Rating: 5
Get Updates

OUR MISSION

COPAS provides expertise for the oil and gas industry through the development of Model Form Accounting Procedures, publications, and education. We are a forum for the active exchange of ideas which result in innovative business and accounting solutions.

COPAS

P.O. Box 21272
Wichita, KS 67208
Tel: 303-300-1131

Contact Us →

CONNECT WITH US

OUR MISSION

COPAS provides expertise for the oil and gas industry through the development of Model Form Accounting Procedures, publications, and education. We are a forum for the active exchange of ideas which result in innovative business and accounting solutions.

COPAS

P.O. Box 21272
Wichita, KS 67208
Tel: 303-300-1131

Contact Us →

CONNECT WITH US

Back To Top
Search