Project-external Production Management Requirements Features and Functions

• Reports BOE


• Captures well and completion data


• Provides alert when any of the well tests are out of parameters


• Posts production reports to email/fax distribution


• Allocates sales based on LIFO method to well completions first to account for remaining inventory


• Posts to production data reports to website


• Imports market pricing (gas or oil)


• Defines advancing kind owners to working interest and royalty interest owners


• Interfaces with reserves data in other applications


• Defines contractual relationships amongst parties (joint interest owners, etc.)


• Allocates sales on user-defined methodology


• Looks at gas allocated by gas nominated by sales point


• Allows entry of sales versus entitlements


• Reports trends in sales, averages, and market centers (i.e. to track various indexes)


• Tracks Shipper imbalances OBA (operational balancing agreement),


• Tracks OBA (operational balancing agreement)


• Tracks UBA (upstream balancing agreements),


• Tracks PICBA (pipeline interconnect balancing agreements)


• Processes PPAs for marketing


• Inputs gas balance forward in cases of conversions for balancing


• Inputs gas balance forward in cases of acquisitions, for balancing


• Prices outbalancing based on LIFO or FIFO


• Inputs gas balance forwards in cases of conversions for gas balancing