Upload
noman-abu-farha
View
239
Download
0
Embed Size (px)
Citation preview
7/27/2019 Ngl Training Oct 2002
1/47
Natural Gas Liquids Royalty
Framework Changes
Production Month 2002-10
Implementation
7/27/2019 Ngl Training Oct 2002
2/47
NGL Royalty Framework Changes- May, 2004 2
Agenda
Introductions
Background
Key Outcomes
Implementation Details
In-Stream Component (ISC) Reporting
Royalty Calculation using Facility Averages
Facility Average Illustration
7/27/2019 Ngl Training Oct 2002
3/47
NGL Royalty Framework Changes- May, 2004 3
List of Acronyms/Abbrev.
BT Battery
C1 Methane
C2 Ethane
CAP Corporate Average Price
CGF Corporate Gas Factor CSO Common Stream Operator
FAP Facility Average Price (Net of Gas Trans Adj)
FARR% Facility Average Royalty Rate
GJ gigajoules
GP Gas Plant GRP Gas Reference Price
GS Gathering System
7/27/2019 Ngl Training Oct 2002
4/47
NGL Royalty Framework Changes
- May, 2004 4
List of Acronyms/Abbrev.
IATD Intra-Alberta Transportation Deduction
IF Injection Facility
ISC In-Stream Component Within Residue Gas
MS Meter Station
NGL Natural Gas Liquids OAF Owner Allocation Factor
PL Pipeline
R% Royalty Rate
RARR% Raw Gas Average Royalty Rate
RGA Raw Gas Allocation Registry The Petroleum Registry of Alberta
SAF Stream Allocation Factor
7/27/2019 Ngl Training Oct 2002
5/47
NGL Royalty Framework Changes
- May, 2004 5
Background
Policy Announcement Dec 1999 to align royaltyframework with Industry and marketdevelopments.
Key Changes:Distinct royalty treatment for recovered Ethane (Field
Ethane)
Royalty recognition of NGL components (In-Stream
Components or ISC) in residue gasSub-Committees (Industry/Govt) established
between Jan 2000 July 2001 to definebusiness rules.
7/27/2019 Ngl Training Oct 2002
6/47
NGL Royalty Framework Changes
- May, 2004 6
Key Outcomes
Field Ethane will be assessed at C2 R% and C2 NetReference Price ($/gj) that will be different from the GasR% and Gas Net Reference Price.
Royalty rates for Propane and Butanes will change fromthe flat rate of 30%. Subject to an expected maximumrate of 30% and minimum rate of 15%, the followingformula will be used:
R% = 15SP + 40(PP-SP)
PPSP is the select price for the product
PP is the Propane par price for the Propane royalty rate and theButanes par price for the Butanes royalty rate.
7/27/2019 Ngl Training Oct 2002
7/47
NGL Royalty Framework Changes
- May, 2004 7
Key Outcomes..Contd
No change to royalty trigger points.
Gas royalty will be assessed on the basis of In-StreamComponents (ISC). This will be achieved by assessing
royalty on product GAS using facility averages (rate andprice) that are based on the ISC compositions of theroyalty trigger volumes.
Gas royalty for CAP clients will be based on facility
average rates but valuation continues to be based onCAP, where monthly CAP estimate is Client CGF x GRP.
7/27/2019 Ngl Training Oct 2002
8/47
NGL Royalty Framework Changes
- May, 2004 8
Key Outcomes..Contd
Each ISC product will have its own distinct royalty rate,reference price and adjusted IATD which will be used inthe facility average royalty rate and price calculations.
Department of Energy (DOE) will invoice royalty onproduct GAS using the SAF/OAF and volumetric detailsfrom the Registry.
Implementation coinciding with the Registry
Production Month 2002-10.
7/27/2019 Ngl Training Oct 2002
9/47
NGL Royalty Framework Changes
- May, 2004 9
Gas & ISC Relationship
Gas View Product Code
Gas* Gas
*has old/new vintage
ISC View of GasProduct Code Methane ISC* C1-IC
Ethane ISC* C2-IC
Propane ISC C3-IC
Butanes ISC C4-IC Pentanes Plus ISC* C5+-IC
Carbon Dioxide ISC** CO2-IC
Helium ISC** HE-IC
Hydrogen ISC** H2-IC
Nitrogen ISC** N2-IC
Oxygen ISC** O2-IC
Sulphur ISC** Sul-IC Hydrogen Sulphide ISC**H2S-IC
*has old/new vintage
**inert
7/27/2019 Ngl Training Oct 2002
10/47
NGL Royalty Framework Changes
- May, 2004 10
Implementation Details
Current
C2 R% = Gas R%
C2 Ref Price = GRP
($/gj)Gas Royalty based on
Gas GJ @ Gas R% andGRP
Gas GJ subject toOld/New Gas R%
At Implementation
C2 R% Gas R%
C2 Ref Price = C2-IC
Ref Price ($/gj)Gas Royalty based on
Gas GJ @ Gas R%(=FARR%) and FAP
Gas GJ subject toOld/New Gas R%(=FARR%)
7/27/2019 Ngl Training Oct 2002
11/47
NGL Royalty Framework Changes
- May, 2004 11
FARR% & FAP for Gas
Facility level royalty rate and valuation price for Gas.
Used to assess royalty trigger Gas quantities at chargefacility.
Uses the ISC compositions (excluding inerts) of royaltytrigger quantities at the charge facility to calculate thatfacilitys weighted average royalty rate and valuationprice (see example illustration).
ISC compositions are reported to the Registry by meter
station operators, common stream operators and somefacility operators (see Registry ISC Reporting Tableslide).
7/27/2019 Ngl Training Oct 2002
12/47
NGL Royalty Framework Changes
- May, 2004 12
FARR% & FAP for
Gas..Contd
The royalty rates for the individual ISC products will bethe same as the royalty rates for the extracted products(e.g. C2-IC R% = C2 R%).
The vintage for the individual ISC products will be thesame as the old/new vintage for the extracted products.
The reference prices for the individual ISC products willdiffer from the reference prices of Gas and the extracted
products (exception C2 Ref Price=C2-IC Ref Price).
7/27/2019 Ngl Training Oct 2002
13/47
NGL Royalty Framework Changes
- May, 2004 13
Low Productivity
Allowance Adjustment
No change to low productivity well allowance eligibility.
Low productivity allowance adjustment continues toapply to eligible Gas and Ethane production.
For eligible Gas and Ethane production, the Crownroyalty rate is calculated as:
R% = RC (RM 5) x (16.9 ADP)2
16.92ADP is the average daily production of gas for the well event for
the production month (103
m3
).RC is the Old/New FARR if production is Gas and the Ethane
Old/New royalty rate if production is Ethane.
RM is the Old/New royalty rate for Methane ISC
7/27/2019 Ngl Training Oct 2002
14/47
NGL Royalty Framework Changes
- May, 2004 14
Registry ISC Reporting
ISC volume and energy information are reported in theRegistry, as a further breakdown of the Gas volume andenergy.
ISC factors are reported on Registry RGA submissions. Submissions to the Registry can be online entry or batch
file entry, along with other volumetric submissions.
Not all volumetric activities in the Registry require ISC
reporting (see Registry ISC Reporting Table slide).
7/27/2019 Ngl Training Oct 2002
15/47
NGL Royalty Framework Changes
- May, 2004 15
Registry ISC
Reporting..Contd
ISC volume and energy must be reported to 3 decimalplaces for desired precision.
Where ISC reporting is required, aggregate ISC volumeand energy must equal corresponding Gas volume andenergy (within a tolerance of 0.100 103m3 and 1.000 gj)or both ISC and Gas volumetric submissions will berejected.
ISC heat value (gj/103m3) must be within the specifiedheat value range for each ISC product (see ISC HeatRange Table slide).
7/27/2019 Ngl Training Oct 2002
16/47
NGL Royalty Framework Changes
- May, 2004 16
ISC Heat Range Table
ISC Product Code ISC Product Description Heat Value Range
C1-IC Methane 36.00038.700
C2-IC Ethane ISC 63.00069.000
C3-IC Propane ISC 91.00097.000
C4-IC Butanes ISC 118.500124.700
C5+-IC Pentanes Plus ISC 145.700
290.000CO2-IC Carbon Dioxide ISC 0.0000.000
H2-IC Hydrogen ISC 9.00015.000
H2S-IC Hydrogen Sulphide ISC 20.80026.800
HE-IC Helium ISC 0.0000.000
N2-IC Nitrogen ISC 0.0000.000
O2-IC Oxygen ISC 0.000
0.000SUL-IC Sulphur ISC 0.0000.000
7/27/2019 Ngl Training Oct 2002
17/47
NGL Royalty Framework Changes
- May, 2004 17
Registry ISC Reporting
TableISC Reporting Table Legend
AB Alberta IF Injection Facility
BT Battery IN Industrial
CO Commercial MS Meter Station
DISP Disposition PL Pipeline
EG Electrical Generation RE Residential
GP Gas Plant REC Receipt
GS Gathering System R1/R2 Residential Pipeline
MC Miscellaneous OT Other
CT Custom Treatment Plant
7/27/2019 Ngl Training Oct 2002
18/47
NGL Royalty Framework Changes
- May, 2004 18
Registry ISC Reporting
Table..Contd
For activity at reporting facility and from/to location, submitter must reportISC, along with the Gas volumetric submission to the Registry.
Submitter Reporting Facility Activity From/To Location
Pipeline/MeterStation Operator
AB MS subtype 631or 637 whereRegistry autopopulation flowthrough is notelected
DISP AB PL auto-createdREC (no ISC)
Common StreamOperator
AB MS subtype 631or 637 where
Registry autopopulation flowthrough is notelected
REC AB BT/GS/GP/IFauto-created DISP
7/27/2019 Ngl Training Oct 2002
19/47
NGL Royalty Framework Changes
- May, 2004 19
Registry ISC Reporting
Table..Contd
For activity at reporting facility and from/to location, submitter must report ISC,along with the Gas volumetric submission to the Registry.
Submitter Reporting Facility Activity From/To Location
Pipeline/Meter StationOperator
AB MS subtype 631 or637 where Registry
auto population flowthrough is elected
DISP AB PL auto-createdREC (no ISC)
AB MS auto-createdREC
AB BT/GS/GP/IF auto-created DISP
Pipeline/Meter StationOperator
AB MS subtype 632 or638 where Registryauto population flowthrough is not elected
DISP AB BT/GS/GP/IF auto-created REC(ISC created for IFonly)
7/27/2019 Ngl Training Oct 2002
20/47
NGL Royalty Framework Changes
- May, 2004 20
Registry ISC Reporting
Table..Contd
For activity at reporting facility and from/to location, submitter must report ISC,along with the Gas volumetric submission to the Registry.
Submitter Reporting Facility Activity From/To Location
Common StreamOperator
AB MS subtype 632 or638 where Registry
auto population flowthrough is not elected
REC AB PL auto-createdDISP (no ISC)
Common StreamOperator
AB MS subtype 632 or638 where Registryauto population flow
through is elected
REC AB PL auto-createdDISP (no ISC)
AB MS auto-createdDISPAB BT/GS/GP/IF auto-created REC(ISC created for IFonly)
7/27/2019 Ngl Training Oct 2002
21/47
NGL Royalty Framework Changes
- May, 2004 21
Registry ISC Reporting
Table..Contd
For activity at reporting facility and from/to location, submitter must report ISC,along with the Gas volumetric submission to the Registry.
Submitter Reporting Facility Activity From/To Location
Pipeline/Meter Station
Operator
AB MS subtype 633 or
639 where Registryauto population flowthrough is not elected
DISP AB BT/GS/GP/IF auto-
created REC(ISC created for IFonly)
Common Stream
Operator
AB MS subtype 633 or
639 where Registryauto population flowthrough is not elected
REC AB PL auto-created
DISP (no ISC)
7/27/2019 Ngl Training Oct 2002
22/47
NGL Royalty Framework Changes
- May, 2004 22
Registry ISC Reporting
Table..Contd
For activity at reporting facility and from/to location, submitter must reportISC, along with the Gas volumetric submission to the Registry.
Submitter Reporting Facility Activity From/To Location
Pipeline/Meter
Station Operator
AB MS subtype 633
or 639 whereRegistry autopopulation flowthrough is elected
DISP AB PL auto-created
DISP (no ISC)AB MS auto-createdRECAB/BC/SK/AnyAB BT/GS/GP/IFauto-created REC
(ISC created for IFonly)
Mainline StraddlePlant Operator
AB GP subtypeMainline Straddle
REC AB BT/GS/GP auto-created DISP
7/27/2019 Ngl Training Oct 2002
23/47
NGL Royalty Framework Changes
- May, 2004 23
Registry ISC Reporting
Table..Contd
For activity at reporting facility and from/to location, submitter must reportISC, along with the Gas volumetric submission to the Registry.
Submitter Reporting Facility Activity From/To Location
Field Straddle PlantOperator AB GP subtype FieldStraddle (terminatedeffective 2006-01)
REC AB BT/GS/GP auto-created DISP
Injection FacilityOperator
AB IF REC AB/BC/SK Any(except MS)
Battery, Gathering
System or Gas PlantOperator
AB BT/GS/GP DISP Non reporting AB
MS/PL
Battery, GatheringSystem or Gas PlantOperator
AB BT/GS/GP DISP AB RE/CO/IN/EG/R1/
R2/MC/OT/CT
7/27/2019 Ngl Training Oct 2002
24/47
NGL Royalty Framework Changes
- May, 2004 24
Registry ISC Reporting
Table..Contd
For activity at reporting facility and from/to location, submitter must reportISC, along with the Gas volumetric submission to the Registry.
Submitter Reporting Facility Activity From/To Location
Battery, GatheringSystem or Gas PlantOperator
AB BT/GS/GP DISP Any non AB location
Raw Gas Seller Report ISC factors of raw gas stream on RGA submission.
7/27/2019 Ngl Training Oct 2002
25/47
NGL Royalty Framework Changes
- May, 2004 25
ISC Volumetric Submission
in Registry
Illustration of ISC Reporting at MS
7/27/2019 Ngl Training Oct 2002
26/47
NGL Royalty Framework Changes
- May, 2004 26
ISC Volumetric Submission
in Registry
Illustration of ISC Reporting at MS
7/27/2019 Ngl Training Oct 2002
27/47
NGL Royalty Framework Changes
- May, 2004 27
Raw Gas Sale and ISC
Factor Reporting on RGA
Raw Gas Sales are identified on Registry RGAsubmissions.
Raw Gas Sales that are subsequently processed or used
as lease fuel are assessed royalty at RARR%, ratherthan FARR%.
All other Raw Gas Sales will be assessed at FARR %.
RARR% is based on the ISC factors (excluding inerts)identified by the seller on the RGA, rather than the ISC
composition of the facility. Old/New RARR% = (ISC Product Factor on RGA x ISC
Product Old/New R%) / ISC Product Factor on RGA(see example illustration).
R G D li i T
7/27/2019 Ngl Training Oct 2002
28/47
NGL Royalty Framework Changes
- May, 2004 28
Raw Gas Deliveries To
Injection
Crown royalty for raw gas delivered to injection(reported in Registry at a Battery or Gathering Systemas a disposition to an Injection Facility) is assessed at
the FARR% of the Injection Facility and the FAP of theReproducing Facility.
7/27/2019 Ngl Training Oct 2002
29/47
NGL Royalty Framework Changes
- May, 2004 29
Royalty Variables for Crown Royalty
and Injection Credit Calculations
Charge Type Product
Unit
R% Valuation Price
Crown Royalty Gas
GJ
FARR% of Producing
Facility(based on all ISCroyalty triggerdispositionsatproducingfacility)
FAP of Producing
Facility(based on all ISCroyalty triggerdispositionsatproducingfacility)
Injection Credit Gas
GJ
FARR% of Injection
Facility(based on all ISCroyalty triggerreceiptsatinjectionfacility)
FAP of Reproducing
Facility(based on all ISCroyalty triggerdispositionsatreproducingfacility)
7/27/2019 Ngl Training Oct 2002
30/47
NGL Royalty Framework Changes
- May, 2004 30
Royalty Variables for Crown Royalty and
Injection Credit Calculations..Contd
Charge Type Product
Unit
R% Valuation Price
*Crown RoyaltyExceptions -
Raw Gas Deliveredto Injection
Gas
GJ
FARR% of InjectionFacility
(based on all ISCroyalty triggerreceiptsatinjectionfacility)
FAP of ReproducingFacility
(based on all ISCroyalty triggerdispositionsatreproducingfacility)
*Crown RoyaltyExceptions -
Raw Gas SaleSubsequentlyProcessed
Gas
GJ
RARR%
(based on ISCcomposition factorson RGA)
80% GRP
7/27/2019 Ngl Training Oct 2002
31/47
NGL Royalty Framework Changes
- May, 2004 31
Royalty Variables for Gas Crown
Royalty and Injection Credit..Contd
Charge Type Product
Unit
R% Valuation Price
*Crown RoyaltyExceptions -
Raw Gas Sale Usedas Lease Fuel
Gas
GJ
RARR%
(based on ISC
composition factorson RGA)
100% GRP
*Crown RoyaltyExceptions -
Special Agreements
e.g. Medicine HatAgreement
Gas
GJ
FARR% of ProducingFacility
(based on all ISC
royalty triggerdispositionsatproducingfacility)
% GRP based onAgreement
7/27/2019 Ngl Training Oct 2002
32/47
NGL Royalty Framework Changes
- May, 2004 32
Rate/Price Defaults
If no. Use
RARR% FARR%
FARR% C1-IC R%
FAP (for Crown royalty) 100% GRP
FAP of ReproducingFacility (for injectioncredit and Crown royaltyof raw gas delivered toinjection)
FAP of Injection Facility
(based on all ISC royalty
trigger receiptsatinjectionfacility)
If defaults are used, they will be identified on the Default Report. (see
sample report)
ISC B l i d FARR%/FAP
7/27/2019 Ngl Training Oct 2002
33/47
NGL Royalty Framework Changes
- May, 2004 33
ISC Balancing and FARR%/FAP
Using ISC Default
Effective December 2004 calendar month, theISC receipts at meter stations reported by meterstation operators or common stream operators
(CSO), must equal the meter station dispositionactivities reported by pipeline operators. Meterstation receipts impact the FARR% and FAPcalculations.For ISC imbalances that existed prior to this
change, the DOE continues to perform ISCBalancing and uses the ISC default in calculatingthe FARR%/FAP calculations.
7/27/2019 Ngl Training Oct 2002
34/47
NGL Royalty Framework Changes
- May, 2004 34
ISC Balancing and FARR%/FAP
Using ISC Default..Contd
If there is a discrepancy in meter station receipts for anISC product, the C5+-IC R% and C5+-IC Net Ref Pricewill be used for that product in the FARR% and FAPcalculations. (see example illustration)
The meter station operator or CSO who submitted themeter station receipts will receive a discrepancy noticefrom DOE. Notice is generated on day 35 followingmonth of production. (see sample report)
Royalty clients will be notified in Default Report and insupporting reports of FARR%/FAP calculations whereISC default values have been used. (see sample report)
FARR% RARR% FAP
7/27/2019 Ngl Training Oct 2002
35/47
NGL Royalty Framework Changes
- May, 2004 35
FARR%, RARR%, FAP
Illustration
See Excel attachment
7/27/2019 Ngl Training Oct 2002
36/47
NGL Royalty Framework Changes
- May, 2004 36
FARR% Calculation for Gas
Old FARR% = (ISC Product Energy x ISC Product Old R%) / ISC Product Energy
New FARR% = (ISC Product Energy x ISC Product New R%) / ISC Product Energy
ISC product energy refers to ISC dispositions at the chargefacility that are royalty triggers. If charge facility is aninjection facility, ISC product energy refers to ISC receiptsrather than dispositions.
Energy from inerts are not included in FARR% calculation.
RARR% C l l ti f
7/27/2019 Ngl Training Oct 2002
37/47
NGL Royalty Framework Changes
- May, 2004 37
RARR% Calculation for raw
gas sales
Old RARR% =
(ISC Product Factor on RGA x ISC Product Old R%) / ISC Product Factor on RGANew RARR% = (ISC Product Factor on RGA x ISC Product New R%) / ISC Product Factor on RGA
ISC factors of inerts are not included in RARR% calculation.
7/27/2019 Ngl Training Oct 2002
38/47
NGL Royalty Framework Changes
- May, 2004 38
FAP Calculation for Gas
FAP =Facility Reference Price Facility Gas Transportation
Adjustment
Facility Reference Price = (ISC Product Energy x ISC Product Ref Price) /
ISC Product Energy
Facility Gas Transportation Adjustment =[Royalty Trigger Factor 1] x Facility Adjusted IATD
Royalty Trigger Factor = (ISC Product Energy x Meter Station Factor) /
ISC Product Energy
FAP Calc lation for
7/27/2019 Ngl Training Oct 2002
39/47
NGL Royalty Framework Changes
- May, 2004 39
FAP Calculation for
Gas..Contd
Facility Adjusted IATD = (ISC Product Energy x Adjusted IATD of ISC) /
ISC Product Energy
ISC product energy refers to ISC dispositions at the chargefacility that are royalty triggers. If charge facility is aninjection facility, ISC product energy refers to ISC receiptsrather than dispositions.
ISC product energy in FARR% and FAP calculation is thesame.
If the delivery/receipt location of the ISC product energy isnot an included pipeline meter station, the meter stationfactor for the product energy will be 1.00.
Sample Crown Royalty
7/27/2019 Ngl Training Oct 2002
40/47
NGL Royalty Framework Changes
- May, 2004 40
Sample Crown Royalty
Calculation Detail Report
Issue Date: 2002-11-30 Royalty Payer Code:
Royalty Client: 0A0A Name:
Name: BOB'S RESOURCES LTD Address:
Facility: AB-GS-0003941
Production Period: 2002-09
Raw Corporate Royalty
Royalty Reference Price Gas Gas Adjusted Trigger Transportation Fractionation Valuation Conversion
Product Price Adjustment Factor Factor IATD Factor Adjustment Rate $ Price Factor
GAS 4.29 0.111 0.95 -0.01 4.30 1
1
Royalty Crown Gross Royalty
Product Quantity Heat Interest% Type % Rate Quantity Heat Royalty $ Exemption $
Charge Type: Crown Royalty Stream Id: AB-WI-100142201914W400
GAS 1063.3 42402 100.0000000 OLD 100 34.85075 370.56 14777.50 63,543.24 0
Charge Type: Provisional Assessment Stream Id:
GAS 759.5 31141 100.0000000 OLD 100 35.00000 265.84 10899.40 46,758.21 0
Charge Type: Injection Credit Stream Id: AB-WI-1D0020204302W400
GAS 790.9 31540 100.0000000 NEW 100 34.85075 275.63 10991.93 -47,265.28 0
TOTAL
FACILITY: AB-GS-00048
CHARGE TYPE: Crown Royal
Provisional
EOR Adjustm
Injection C
INTEREST CHARGE
CROWN ROYALTY DETAIL
CALCULATION
Vintagelient_Volumetric_Totals
Invoice #: 00000180171
Crown_Royalty
Sample Crown Royalty
7/27/2019 Ngl Training Oct 2002
41/47
NGL Royalty Framework Changes
- May, 2004 41
Sample Crown Royalty
Calculation Detail Report(Raw Gas)
Issue Date: 2002-11-30 Royalty Payer Code:
Royalty Client: 0A0A Name:
Name: BOB'S RESOURCES LTD Address:
Facility: AB-GS-0004841
Production Period: 2002-09
Raw Corporate Royalty
Royalty Reference Price Gas Gas Adjusted Trigger Transportation Fractionation Valuation Conversion
Product Price Adjustment Factor Factor IATD Factor Adjustment Rate $ Price Factor
GAS 3.33 0.290 1.12 0.03 3.30 1
GAS 3.33 0.80 0.290 1.00 0.00 2.66 1
Royalty Crown Gross Royalty
Product Quantity Heat Interest% Type % Rate Quantity Heat Royalty $ Exemption $
Charge Type: Crown Royalty Stream Id: AB-WI-10141304220W400
GAS 25.6 1091 100.0000000 NEW 100 34.80211 8.91 379.69 1,251.16 0
Charge Type: Provisional Assessment Stream Id:
GAS 333.3 13176 100.0000000 NEW 100 35 116.66 4611.60 15,356.63 0
Charge Type: EOR Adjustment Stream Id: AB-IS-0010400
GAS 59.7 2422 100.0000000 NEW 29.37 34.80211 6.10 247.56 659.50 0
Charge Type: Injection Credit Stream Id: AB-IS-0000400
GAS 15.9 680 100.0000000 NEW 29.37 34.80211 1.63 69.51 185.16 0
TOTAL
FACILITY: AB-GS-00048
CHARGE TYPE: Crown Royal
Provisional
EOR Adjustm
Injection C
INTEREST CHARGE
CROWN ROYALTY DETAIL
CALCULATION
Vintagelient_Volumetric_Total
Invoice #: 00000180171
Crown_Royalty
FAP,
80% GRP,
100% GRP,
FARR%,
RARR%,
C1-IC R%
7/27/2019 Ngl Training Oct 2002
42/47
NGL Royalty Framework Changes
- May, 2004 42
Sample FARR Report
Issue Date: 2000-11-30
Royalty Client: 0JPA Royalty Payer: 0JPA
Name: FRANKS DRILLING Name: FRANKS DRILLING
Address: 350 7 AVE SW SUITE 4000
RED DEER, AB
Facility
Prodctn
Period
Vintage
Type Product
Delivery
Location
Out of
Bal ance? Heat (G J) R oyalt y Ra te %
Base Royalty
Heat (GJ)
Avg.
Royalty
Rate %
AB GP 0123456 2002-10 OLD C1-IC AB GP 1234567 100.000 35.00000% 35.000
AB IF 1234567 200.000 35.00000% 70.000AB M . . .
-I AB P . . .
AB IF 1234567 35.000 35.00000% 12.250
AB MS 1234567 80.000 35.00000% 28.000
C3-IC AB GP 1234567 100.000 35.00000% 35.000
AB IF 1234567 200.000 35.00000% 70.000
AB MS 1234567 50.000 35.00000% 17.500
C4-IC AB GP 1234567 200.000 35.00000% 70.000
AB IF 1234567 300.000 35.00000% 105.000
AB MS 1234567 Y 175.000 43.55748% 76.226
C5+-IC AB GP 1234567 200.000 43.55748% 87.115
, . . .
AB GP 0123456 2002-10 NEW C1-IC AB GP 1234567 100.000 28.64423% 28.644AB IF 1234567 200.000 28.64423% 57.288
AB M . . .
-I AB P . . .AB IF 1234567 35.000 30.00000% 10.500
AB MS 1234567 80.000 30.00000% 24.000
C3-IC AB GP 1234567 100.000 30.00000% 30.000
AB IF 1234567 200.000 30.00000% 60.000
AB MS 1234567 50.000 30.00000% 15.000
C4-IC AB GP 1234567 200.000 30.00000% 60.000
AB IF 1234567 300.000 30.00000% 90.000
AB MS 1234567 Y 175.000 32.00883% 56.015
C5+-IC AB GP 1234567 200.000 32.00883% 64.018
1,710.000 515.788 30.1630
Reference Number: 3475153 Page
Facility Average Royalty Rate (FARR) Supporting Details
Invoice #:00000146038
7/27/2019 Ngl Training Oct 2002
43/47
NGL Royalty Framework Changes
- May, 2004 43
Sample RARR Report
7/27/2019 Ngl Training Oct 2002
44/47
NGL Royalty Framework Changes
- May, 2004 44
Sample FAP Report
7/27/2019 Ngl Training Oct 2002
45/47
NGL Royalty Framework Changes
- May, 2004 45
Sample Default Report
Billing Period: 2002-10-01
Issue Date: 2002-12-23
Royalty Payer Name: FRANK'S DRILLING
Royalty Payer Id: 0066
Invoice Number: 143241234
Charge Production Default Default
Type Facility Stream Id Period Item Form Description
Royalty Client: 0066 FRANK'S DRILLING LTD
Crown Royalty AB-GP-0001004 WG1 2002-05 Royalty Trigger TC20 TC20 not filed: 0.0
Crown Royalty AB-BT-1330492 UN01112 2002-06 Crown Interest Exhibit A 100.0% Crown Interest
Crown Royalty AB-GS-0002228 UN00911 2002-07 Crown Interest Exhibit A 100.0% Crown Interest
Crown Royalty AB-GS-0002228 UN00911 2002-08 Royalty Trigger TC20 TC20 not filed: 0.0
Crown Royalty AB-GS-0002228 UN44855 2002-09 Royalty Trigger TC20 TC20 not filed: 0.0
Crown Royalty AB-GS-0002228 2002-10 Facility Averages Volumetric ISC Imbalance: C5+-IC
Crown Royalty AB-GS-0002228 2002-10 FARR Volumetric ISC not filed: C1-ICCrown Royalty AB-GS-0002228 2002-10 FAP Volumetric ISC not filed: GRP
Injection Credit AB-GS-0002228 2002-10 FAP Volumetric ISC not filed at Reproducing
Facility: FAP at IF
Reference Number: 87931 Page 1
CROWN ROYALTY CALCULATION
DEFAULTS REPORT
Sample ISC Balancing
7/27/2019 Ngl Training Oct 2002
46/47
NGL Royalty Framework Changes
- May, 2004 46
Sample ISC Balancing
Discrepancy Notification
7/27/2019 Ngl Training Oct 2002
47/47
NGL Royalty Framework Changes
The End