Accounting for Producer Imbalances

This course provides an introduction and discussion of accounting for producer and facility imbalances. Learn about the creation, accounting and resolution of these imbalances.

Who Should Attend:

Employees responsible for gas revenue accounting

CPAs who audit gas producing companies

Government employees involved in related fields. 

Prerequisites: None

Upon completion of this course, participants will be able to:

Ÿ Account for gas sales using both the entitlements and sales methods

Ÿ Prepare over (under) delivery statements

Ÿ Cash balance unresolved producer imbalances

Ÿ Report and resolve facility imbalances

Key Topics and Objectives:

Basic Product Definitions

Basic Production Operations

Basic Oil and Gas Ownership

Tracking Producer Imbalances

Gas Balancing Agreements

Resolving Producer Imbalances

Tracking and Resolving Facility Imbalances

Quality programs – offered on-site and adapted for your company. Contact Jim Hoffman at 214.763.9644 or via email at jhoffman@pdi.org. Visit us online at www.pdi.org