Gas Balancing

SSI Accounting Systems Gas Balancing Overview Developed, Marketed and Supported by E.B. Archbald & Associates, Inc.

SSI Gas Balancing

• Is used in conjunction with SSI Gas Contracts Distribution and SSI Production Reporting (both applications required to use Gas Balancing) to calculate and maintain inception-to-date Gas Balancing Records and print Gas Balancing Statements at the interest owner level.
• Has an Event-sensitive design that provides Retroactive Recalculation. Change in historical division of interest, historical contract dedication, sales information or production information will automatically induce recalculation and re-proration of historical sales and production to properly reflect the implications of the event.
• Archives current DOI ownership on monthly basis allowing system-calculated proration of entitlement information.
• Provides Historical ownership retention and easily accommodates assignment of month and year-based ownerships to new ownerships.
• Copying of historical ownerships allows contract data to be carried forward to multiple, succeeding month and year-based ownerships.
• Change in ownership will cause recalculation and proration of entitlements for that month and for all succeeding historical months.
• Historical ownership is retained by production month and year for producing working interest, net revenue working interest, royalties, overrides, production payments, excess royalties and for Oklahoma Proportionate Production Interest (PPI).
• Integrated to SSI Revenue Payables, producing the cost-efficiency and economy of a single entry system.
• Provides manual sales entry method for non-cash disbursements allowing total sales and volumes to be recorded.
• Retains production receipts for revenue dollars, MMBTU, MCF and gas pressure base. A change to any production receipt will cause recalculation and proration of actual volumes and sales proceeds.
• Provides inquiry by cross-references for sales volumes and sales quantities indicating seller activity.
• Auto Calculation of outside ownership volumes is available for non-operated properties assuring that your position will always be correctly reported.
• Prints production receipts, historical sales with monthly subtotals and monthly pricing averages by contract to assist with cash settlement.
• Gas balancing information provides a combination of actual sales and production prorated to each investor with historically retained entitlements calculated and prorated based on DOI and total production.
• Balancing statement printable by production interest and may be consolidated by seller groups.
• Balancing statement printable by revenue interest assuring royalty interests are balanced and verified.
• Balancing statement printable by Oklahoma Senate Bill 168 proportionate production interest (PPI).
• Statements may be printed for company review purposes or printed for distribution to each seller.
• Provides constant monitoring of over/under sold liabilities and facilitates pre-depletion settlement by allowing reserve-based perspective of balancing to be displayed. Gas statements can optionally display total reserves, available reserves (if sales were to be balanced out) and over-sold production as a percentage of available reserves.
• Gas Balancing may be based on MCF or MMBTU selected well by well.

E.B. Archbald & Associates Inc., 6701 N. Broadway, #310, Oklahoma City, OK 73116. Tel: 405-840-4411; Fax: 405-840-7026.