Wolfepak Header


Like Us on Facebook! Follow Us on Twitter! LinkedIn Check Us Out on YouTube!

Gas Allocation System

Main Content

For each pipeline, the gas plant system allocates the gas and liquid sold and plant fuel back to individual wells via the use of check meters and gas analysis tests. It produces an easy to read Settlement Statement for each well sorted by operator. Payment amounts are determined by the well's contract and can be computed on a Percent of Proceeds or Percent /offset of Index basis, with the ability to treat liquids different than residue. It has the ability to charge penalties for out of spec gas or excess nitrogen, etc in the gas and/or to amortize capital costs and deduct those from a well's proceeds.

Requires Revenue/Billing module to distribute the monies, deduct taxes and produce 1099's, etc. It creates entries to General ledger to record income from fees, amounts distributed, etc.