Patterson & Associates
Natural Gas
TrAininG Classes
Gas Accounting
Customer
Feedback
Paige provided a comprehensive background, players, language and nuances found throughout the gas industry. There was a good mix of high level overview & details on the various topics. I found it very informative as a 15-year crude veteran new to the gas industry.
Chris Henkhaus, Vice President
Gas Solutions
Students attending this training class will learn:
• how to measure, record and value the purchase, transport and sales of natural gas
• the importance of upstream and downstream information flows and the effects on
allocations, balancing, penalties and invoices
• how to properly verify volumes and rates for billing, invoicing and balancing purposes
• how to make sense of the reconciliation process and learn some practical ways to
make the process easier
• how to calculate various transportation, sales and purchase rates
• how to read and interpret tariff transportation rates
• how to balance estimated and actual volumes during the month and at the end of the
month
• how to calculate and bill the various cashout methods and penalties used today
• how to properly identify and use OBAs and PDAs
Section I – All about Natural Gas is the introduction to the physical, regulatory and economic environment in which the Gas Accoutning professional works on a daily basis.
Section II - Gas Accounting and Player Responsibilities discusses the process for recording the data required for dealing with the purchase, transport and sales of natural gas and how to reconcile the recorded data between the various parties involved in the process.
Section III - Revenue Accounting discusses the process of measuring, recording and value the flows of natural gas from the wellhead to the burnertip.
Section IV - Transportation Accounting discusses the processes and procedures for measuring, recording and valuing the flow of natural gas under transportation contracts.
Section V - Allocations discusses the role of the various allocation methods in the accounting process and discusses the revenue considerations of imbalances and penalties and the importance of timely and accurate data.
I really liked having the hands on exercises to test what we learned. Also, having the answers will help to go back and review. Paige is a great instructor- she is very organized and makes the class fun.
Jason Kirbie Texon LP
The Gas Accounting Training Class focuses on the importance of the Gas Accounting Function, especially the importance of timely, accurate data and the effects of poor upstream/ downstream data on the Gas Accounting function. Attendees learn how and why the contract process, rate process, gas management (nominations/ confirmations) process and allocation process affect the accounting process. Various methods of verifying transportation, purchase and sales volumes and rates are taught along with methods of reconciling this data during and at the end of the month. Also, the various allocation methods are discussed, along with priority and curtailment issues, as well as the pros and cons of transportation imbalance and penalty exposure which show how pricing fluctuations affect parties with imbalances. The training class uses case studies and in-depth discussions of real problems at a nuts-and-bolts level to illustrate the concepts being discussed.
