1. Fawn Scott ERP Product Manager
Gas Balancing
Fawn Scott
ERP Product Manager

2. What-Why-Who-How ??
Deregulation of gas industry – owners allowed to defer/market their own gas
Congratulations! Gas balancing at the wellhead added to industry
Operator of well/lease/unit responsible for prep and sending of Gas Balancing Statement to WI owners
What do I need to consider?
How do I create and manage Gas Balancing?

3. Gas Balancing Solution
Operators required by law to provide all WI owners their current gas balancing positions
Integrated, efficient solution through WolfePak Gas Balancing Module
Gas Balancing Statements reside within your software
System utilizes division of interest to recognize owner entitled percentage

4. The Circle of Gas Balancing
Gas Balancing Agreement
Nominations
Entitlements
Well Production
Over/Under Produced
Imbalances
Makeup Gas
Considerations as an Operator
Gas Balancing Agreement
Well Production
Nominations
Entitlements
Overproduced/Underproduced
Imbalances
Makeup Gas
Finally the Gas Balancing Statement

5. Gas Balancing Statement
Into the Mixer !
Gas Balancing Statement
Who Picks up the Imbalance?
I Market My Gas
Pay Me - I am Royalty

6. Simple Wellhead Imbalance
Estimated Production mcf
Royalty and Overrides (20%) mcf
Leaving WI Entitlement mcf
Defined DOI for Gas Balancing with Johnny Adams deferring his gas

7. Where DO I Start?
Key Elements:

8. Process Steps Start Cycle for Production Month
Enter or Import Data From the Purchaser Settlement Statement
Enter or Import Adjusted Settlements

9. Settlement Statement

10. Start the First Cycle and Record Sales
Start the cycle for production month
Populate Gross Volume per meter from Purchaser Statement

11. Adjustment of Settlements
Adjust Settlements
Example: Johnny Adams deferring his gas reflected in his Settlement Percent of 0.00

12. Gas Balancing Statements
Lease statement: One per owner for first cycle

13. Next Month’s Cycle-August 2018
Lock Settlement Pct
Settlement percentages carried forward for Johnny Adams and WolfePak Oil & Gas Company
Reflects prior balance and new balance

14. August 2018 Gas Balancing Statement
Reflection of Cumulative Balances

15. Questions