Energy Management Software for Mid- and Large-Sized E&P Companies
Dual Accounting
Enterprise Upstream Dual Accounting is an integrated application that streamlines the calculation of the Mineral Management Service (MMS) requirement to pay federal and American Indian parties on the higher of two values: wet gas (wellhead) or Natural Gas Liquids (NGLs) and residue.
Calculation
- Identifies properties that are subject to the Dual Accounting calculation
- Automatically compares the value received for wet gas to the value received for Natural Gas Liquids (NGLs) and Residual Gas les processing fees and determines the higher of the two
- Compares values at the MMS agreement level or the MMS lease level
Distribution
Automatically generates revenue transactions which distribute the higher value to federal and American Indian parties
Prior Period Adjustments
Prior period adjustment logic allows for amended calculations of adjustments in integrated applications