NGL Training Oct 2002

Natural Gas Liquids Royalty Framework Changes
Production Month 2002-10 Implementation
Agenda
Introductions Background Key Outcomes Implementation Details
In-Stream Component (ISC) Reporting Royalty Calculation using Facility Averages
Facility Average Illustration

NGL Royalty Framework Changes - May, 2004 2
List of Acronyms/Abbrev.
BT C1 C2 CAP CGF CSO FAP FARR% GJ GP GRP GS Battery Methane Ethane Corporate Average Price Corporate Gas Factor Common Stream Operator Facility Average Price (Net of Gas Trans Adj) Facility Average Royalty Rate gigajoules Gas Plant Gas Reference Price Gathering System
NGL Royalty Framework Changes - May, 2004
List of Acronyms/Abbrev.
IATD IF ISC MS NGL OAF PL R% RARR% RGA Registry SAF Intra-Alberta Transportation Deduction Injection Facility In-Stream Component Within Residue Gas Meter Station Natural Gas Liquids Owner Allocation Factor Pipeline Royalty Rate Raw Gas Average Royalty Rate Raw Gas Allocation The Petroleum Registry of Alberta Stream Allocation Factor
Background
Policy Announcement Dec 1999 to align royalty framework with Industry and market developments. Key Changes:
Distinct royalty treatment for recovered Ethane (Field Ethane) Royalty recognition of NGL components (In-Stream Components or ISC) in residue gas
Sub-Committees (Industry/Govt) established between Jan 2000 July 2001 to define business rules.
Key Outcomes
Field Ethane will be assessed at C2 R% and C2 Net Reference Price ($/gj) that will be different from the Gas R% and Gas Net Reference Price. Royalty rates for Propane and Butanes will change from the flat rate of 30%. Subject to an expected maximum rate of 30% and minimum rate of 15%, the following formula will be used: R% = 15SP + 40(PP-SP) PP
SP is the select price for the product PP is the Propane par price for the Propane royalty rate and the Butanes par price for the Butanes royalty rate.
Key Outcomes..Contd
No change to royalty trigger points. Gas royalty will be assessed on the basis of In-Stream Components (ISC). This will be achieved by assessing royalty on product GAS using facility averages (rate and price) that are based on the ISC compositions of the royalty trigger volumes. Gas royalty for CAP clients will be based on facility average rates but valuation continues to be based on CAP, where monthly CAP estimate is Client CGF x GRP.
Key Outcomes..Contd
Each ISC product will have its own distinct royalty rate, reference price and adjusted IATD which will be used in the facility average royalty rate and price calculations. Department of Energy (DOE) will invoice royalty on product GAS using the SAF/OAF and volumetric details from the Registry. Implementation coinciding with the Registry Production Month 2002-10.
Gas & ISC Relationship

Gas View
Product
Gas* *has old/new vintage
ISC View of Gas

Code
Gas
Product

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
Implementation Details
Current
C2 R% = Gas R% C2 Ref Price = GRP ($/gj) Gas Royalty based on Gas GJ @ Gas R% and GRP Gas GJ subject to Old/New Gas R%
At Implementation
C2 R% Gas R% C2 Ref Price = C2-IC Ref Price ($/gj) Gas Royalty based on Gas GJ @ Gas R% (=FARR%) and FAP Gas GJ subject to Old/New Gas R% (=FARR%)
10
FARR% & FAP for Gas

Facility level royalty rate and valuation price for Gas. Used to assess royalty trigger Gas quantities at charge facility. Uses the ISC compositions (excluding inerts) of royalty trigger quantities at the charge facility to calculate that facilitys weighted average royalty rate and valuation price (see example illustration). ISC compositions are reported to the Registry by meter station operators, common stream operators and some facility operators (see Registry ISC Reporting Table slide).
11
FARR% & FAP for Gas..Contd

The royalty rates for the individual ISC products will be the 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 the same as the old/new vintage for the extracted products. The reference prices for the individual ISC products will differ from the reference prices of Gas and the extracted products (exception C2 Ref Price=C2-IC Ref Price).
12
Low Productivity Allowance Adjustment

No change to low productivity well allowance eligibility. Low productivity allowance adjustment continues to apply to eligible Gas and Ethane production. For eligible Gas and Ethane production, the Crown royalty rate is calculated as: R% = RC (RM 5) x (16.9 ADP)2 16.92
ADP is the average daily production of gas for the well event for the production month (103m3). 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
Registry ISC Reporting

ISC volume and energy information are reported in the Registry, as a further breakdown of the Gas volume and energy. 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).
14
Registry ISC Reporting..Contd

ISC volume and energy must be reported to 3 decimal places for desired precision. Where ISC reporting is required, aggregate ISC volume and energy must equal corresponding Gas volume and energy (within a tolerance of 0.100 103m3 and 1.000 gj) or both ISC and Gas volumetric submissions will be rejected. ISC heat value (gj/103m3) must be within the specified heat value range for each ISC product (see ISC Heat Range Table slide).
ISC Heat Range Table

ISC Product Code C1-IC C2-IC C3-IC C4-IC C5+-IC CO2-IC H2-IC H2S-IC HE-IC N2-IC O2-IC SUL-IC ISC Product Description Methane Ethane ISC Propane ISC Butanes ISC Pentanes Plus ISC Carbon Dioxide ISC Hydrogen ISC Hydrogen Sulphide ISC Helium ISC Nitrogen ISC Oxygen ISC Sulphur ISC Heat Value Range 36.000 38.700 63.000 69.000 91.000 97.000 118.500 124.700 145.700 290.000 0.000 0.000 9.000 15.000 20.800 26.800 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
16
Registry ISC Reporting Table

ISC Reporting Table Legend
AB Alberta BT Battery CO Commercial
IF Injection Facility IN Industrial MS Meter Station
DISP Disposition
EG Electrical Generation GP Gas Plant GS Gathering System MC Miscellaneous CT Custom Treatment Plant
PL Pipeline
RE Residential REC Receipt R1/R2 Residential Pipeline OT Other
17
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
Pipeline/Meter Station Operator
Reporting Facility
AB MS subtype 631 or 637 where Registry auto population flow through is not elected AB MS subtype 631 or 637 where Registry auto population flow through is not elected
Activity
DISP
From/To Location
AB PL auto-created REC (no ISC)
Common Stream Operator
REC
AB BT/GS/GP/IF auto-created DISP
18

Submitter
Reporting Facility
Activity
From/To Location
AB PL auto-created REC (no ISC) AB MS auto-created REC AB BT/GS/GP/IF autocreated DISP AB BT/GS/GP/IF autocreated REC (ISC created for IF only)
AB MS subtype 631 or DISP 637 where Registry auto population flow through is elected
AB MS subtype 632 or DISP 638 where Registry auto population flow through is not elected
19

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
AB MS subtype 632 or REC 638 where Registry auto population flow through is not elected
AB MS subtype 632 or REC 638 where Registry auto population flow through is elected
AB PL auto-created DISP (no ISC)
AB PL auto-created DISP (no ISC) AB MS auto-created DISP AB BT/GS/GP/IF autocreated REC (ISC created for IF only)
20

AB MS subtype 633 or DISP 639 where Registry auto population flow through is not elected
AB BT/GS/GP/IF autocreated REC (ISC created for IF only)
AB MS subtype 633 or REC 639 where Registry auto population flow through is not elected
AB PL auto-created DISP (no ISC)
21

AB MS subtype 633 or 639 where Registry auto population flow through is elected
DISP
AB PL auto-created DISP (no ISC) AB MS auto-created REC AB/BC/SK/Any AB BT/GS/GP/IF auto-created REC (ISC created for IF only)
AB BT/GS/GP autocreated DISP
Mainline Straddle Plant Operator
AB GP subtype Mainline Straddle
REC
22

Submitter
Field Straddle Plant Operator Injection Facility Operator Battery, Gathering System or Gas Plant Operator
Reporting Facility
AB GP subtype Field Straddle (terminated effective 2006-01) AB IF AB BT/GS/GP
Activity
REC
From/To Location
AB BT/GS/GP autocreated DISP AB/BC/SK Any (except MS) Non reporting AB MS/PL
REC DISP
Battery, Gathering System or Gas Plant Operator
AB BT/GS/GP
DISP
AB RE/CO/IN/EG/R1/ R2/MC/OT/CT
23

Battery, Gathering System or Gas Plant Operator Raw Gas Seller
AB BT/GS/GP
DISP
Any non AB location
Report ISC factors of raw gas stream on RGA submission.
24
ISC Volumetric Submission in Registry
Illustration of ISC Reporting at MS
25
ISC Volumetric Submission in Registry
Illustration of ISC Reporting at MS

Raw Gas Sale and ISC Factor Reporting on RGA

Raw Gas Sales are identified on Registry RGA submissions. Raw Gas Sales that are subsequently processed or used as lease fuel are assessed royalty at RARR%, rather than 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).
Raw Gas Deliveries To Injection

Crown royalty for raw gas delivered to injection (reported in Registry at a Battery or Gathering System as a disposition to an Injection Facility) is assessed at the FARR% of the Injection Facility and the FAP of the Reproducing Facility.
28
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 ISC royalty trigger dispositions at producing facility) FARR% of Injection Facility (based on all ISC royalty trigger receipts at injection facility)
FAP of Producing Facility (based on all ISC royalty trigger dispositions at producing facility) FAP of Reproducing Facility (based on all ISC royalty trigger dispositions at
Injection Credit
Gas GJ
reproducing
facility)
29
Royalty Variables for Crown Royalty and Injection Credit Calculations..Contd

Charge Type Product Unit Gas GJ R% Valuation Price
*Crown Royalty Exceptions Raw Gas Delivered to Injection
FARR% of Injection Facility (based on all ISC royalty trigger receipts at injection facility) RARR% (based on ISC composition factors on RGA)
FAP of Reproducing Facility (based on all ISC royalty trigger dispositions at
reproducing
facility) 80% GRP
*Crown Royalty Exceptions Raw Gas Sale Subsequently Processed
Gas GJ
30
Royalty Variables for Gas Crown Royalty and Injection Credit..Contd

Charge Type Product Unit Gas GJ R% Valuation Price
*Crown Royalty Exceptions Raw Gas Sale Used as Lease Fuel *Crown Royalty Exceptions Special Agreements e.g. Medicine Hat Agreement
RARR% (based on ISC composition factors on RGA)
100% GRP
Gas GJ
FARR% of Producing % GRP based on Facility Agreement (based on all ISC royalty trigger dispositions at producing facility)
31
Rate/Price Defaults
If no.
RARR% FARR% FAP (for Crown royalty) FAP of Reproducing Facility (for injection
Use
FARR% C1-IC R% 100% GRP FAP of Injection Facility (based on all ISC royalty trigger receipts at injection facility)
credit and Crown royalty of raw gas delivered to injection)
If defaults are used, they will be identified on the Default Report. (see sample report)
ISC Balancing and FARR%/FAP Using ISC Default

Effective December 2004 calendar month, the ISC receipts at meter stations reported by meter station operators or common stream operators (CSO), must equal the meter station disposition activities reported by pipeline operators. Meter station receipts impact the FARR% and FAP calculations. For ISC imbalances that existed prior to this change, the DOE continues to perform ISC Balancing and uses the ISC default in calculating the FARR%/FAP calculations.
ISC Balancing and FARR%/FAP Using ISC Default..Contd

If there is a discrepancy in meter station receipts for an ISC product, the C5+-IC R% and C5+-IC Net Ref Price will be used for that product in the FARR% and FAP calculations. (see example illustration) The meter station operator or CSO who submitted the meter station receipts will receive a discrepancy notice from DOE. Notice is generated on day 35 following month of production. (see sample report) Royalty clients will be notified in Default Report and in supporting reports of FARR%/FAP calculations where ISC default values have been used. (see sample report)
34
FARR%, RARR%, FAP Illustration

See Excel attachment
35
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 charge facility that are royalty triggers. If charge facility is an injection facility, ISC product energy refers to ISC receipts rather than dispositions. Energy from inerts are not included in FARR% calculation.
RARR% Calculation for raw gas sales

Old RARR% =
(ISC Product Factor on RGA x ISC Product Old R%) / ISC Product Factor on RGA
New 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.
37
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
38
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 charge facility that are royalty triggers. If charge facility is an injection facility, ISC product energy refers to ISC receipts rather than dispositions. ISC product energy in FARR% and FAP calculation is the same. If the delivery/receipt location of the ISC product energy is not an included pipeline meter station, the meter station factor for the product energy will be 1.00.
39
Sample Crown Royalty Calculation Detail Report

CROWN ROYALTY DETAIL CALCULATION Invoice #: 00000180171 Issue Date: Royalty Client: Name: Facility: Production Period: 2002-11-30 0A0A BOB'S RESOURCES LTD AB-GS-0003941 2002-09 Raw Gas Factor Corporate Gas Adjusted Factor IATD 0.111 Royalty Trigger Factor 0.95 Royalty Payer Code: Name: Address:
Royalty Reference Product Price GAS 4.29
Price Adjustment
Transportation Fractionation Valuation Adjustment Rate $ Price -0.01 4.30
Conversion Factor 1 1 Royalty Exemption $
Royalty Client_Volumetric_Totals Product Quantity Heat
Crown Interest%
Vintage Type %
Rate
Crown_Royalty Quantity
Heat
Gross Royalty $
Charge Type: Crown Royalty GAS 1063.3 42402 100.0000000 OLD 100
Stream Id: AB-WI-100142201914W400 34.85075 Stream Id: OLD 100 35.00000 265.84 10899.40 46,758.21 0 370.56 14777.50 63,543.24 0
Charge Type: Provisional Assessment GAS 759.5 31141 100.0000000
Charge Type: Injection Credit GAS 790.9 31540 100.0000000 NEW 100
Stream Id: AB-WI-1D0020204302W400 34.85075 275.63 10991.93 -47,265.28 TOTAL FACILITY: CHARGE TYPE: 0
AB-GS-0004841 Crown Royalty Provisional Assessment EOR Adjustment Injection Credit
INTEREST CHARGE
40
Sample Crown Royalty Calculation Detail Report

(Raw Gas)
Issue Date: Royalty Client: Name: Facility: Production Period: CROWN ROYALTY DETAIL CALCULATION Invoice #: 00000180171 2002-11-30 0A0A BOB'S RESOURCES LTD AB-GS-0004841 2002-09 Raw Gas Factor 0.80 Crown Interest% Corporate Gas Adjusted Factor IATD 0.290 0.290 Vintage Type % Royalty Trigger Factor 1.12 1.00 Royalty Payer Code: Name: Address:
FAP,
Transportation Fractionation Valuation Conversion Adjustment Rate $ Price Factor 0.03 3.30 1 0.00 2.66 1 Crown_Royalty Quantity Gross Royalty $ Royalty Exemption $
Royalty Product GAS GAS
Reference Price 3.33 3.33
Price Adjustment
80% GRP, 100% GRP,
Royalty Client_Volumetric_Totals Product Quantity Heat
Rate
Heat
Charge Type: Crown Royalty GAS 25.6 1091 100.0000000 NEW 100
Stream Id: AB-WI-10141304220W400 34.80211 Stream Id: NEW 100 35 116.66 4611.60 15,356.63 0 8.91 379.69 1,251.16 0
Charge Type: Provisional Assessment GAS 333.3 13176 100.0000000
Charge Type: EOR Adjustment GAS 59.7 2422 100.0000000 NEW 29.37
Stream Id: AB-IS-0010400 34.80211 6.10 247.56 659.50 0
Charge Type: Injection Credit GAS 15.9 680 100.0000000 NEW 29.37
Stream Id: AB-IS-0000400 34.80211 1.63 69.51 TOTAL FACILITY: CHARGE TYPE: 185.16 0
FARR%, RARR%, C1-IC R%
AB-GS-0004841 Crown Royalty Provisional Assessment EOR Adjustment Injection Credit
INTEREST CHARGE
41
Sample FARR Report

Facility Average Royalty Rate (FARR) Supporting Details Invoice #:00000146038 Issue Date: 2000-11-30 Royalty Client: 0JPA Name: FRANKS DRILLING Royalty Payer: 0JPA Name: FRANKS DRILLING Address: 350 7 AVE SW SUITE 4000 RED DEER, AB Avg. Royalty Rate %
Facility AB GP 0123456
Prodctn Period 2002-10
Vintage Type OLD
Product C1-IC C2-IC
C3-IC C4-IC C5+-IC AB GP 0123456 2002-10 NEW C1-IC C2-IC
Delivery Location AB GP 1234567 AB IF 1234567 AB MS 1234567 AB GP 1234567 AB IF 1234567 AB MS 1234567 AB GP 1234567 AB IF 1234567 AB MS 1234567 AB GP 1234567 AB IF 1234567 AB MS 1234567 AB GP 1234567 AB AB AB AB AB AB AB AB AB AB AB AB AB GP IF MS GP IF MS GP IF MS GP IF MS GP 1234567 1234567 1234567 1234567 1234567 1234567 1234567 1234567 1234567 1234567 1234567 1234567 1234567
Out of Balance?
Heat (GJ) Royalty Rate % 100.000 35.00000% 200.000 35.00000% 50.000 35.00000% 20.000 35.00000% 35.000 35.00000% 80.000 35.00000% 100.000 35.00000% 200.000 35.00000% 50.000 35.00000% 200.000 35.00000% 300.000 35.00000% 175.000 43.55748% 200.000 43.55748% 1,710.000 100.000 200.000 50.000 20.000 35.000 80.000 100.000 200.000 50.000 200.000 300.000 175.000 200.000 1,710.000 28.64423% 28.64423% 28.64423% 30.00000% 30.00000% 30.00000% 30.00000% 30.00000% 30.00000% 30.00000% 30.00000% 32.00883% 32.00883%
Base Royalty Heat (GJ) 35.000 70.000 17.500 7.000 12.250 28.000 35.000 70.000 17.500 70.000 105.000 76.226 87.115 630.591 28.644 57.288 14.322 6.000 10.500 24.000 30.000 60.000 15.000 60.000 90.000 56.015 64.018 515.788
36.87664%
C3-IC C4-IC C5+-IC
30.16304% Page 5
Reference Number: 3475153
42
Sample RARR Report
43
Sample FAP Report
44
Sample Default Report

CROWN ROYALTY CALCULATION DEFAULTS REPORT
Billing Period: Issue Date: Royalty Payer Name: Royalty Payer Id: Invoice Number:
2002-10-01 2002-12-23 FRANK'S DRILLING 0066 143241234
Charge Type
Facility
Production Default Stream Id Period Item
Form
Default Description
Royalty Client: 0066 FRANK'S DRILLING LTD Crown Royalty AB-GP-0001004 WG1 2002-05 Crown Royalty AB-BT-1330492 UN01112 2002-06 Crown Royalty AB-GS-0002228 UN00911 2002-07 Crown Royalty AB-GS-0002228 UN00911 2002-08 Crown Royalty AB-GS-0002228 UN44855 2002-09 Crown Royalty AB-GS-0002228 2002-10 Crown Royalty AB-GS-0002228 2002-10 Crown Royalty AB-GS-0002228 2002-10 Injection Credit AB-GS-0002228 2002-10
Royalty Trigger Crown Interest Crown Interest Royalty Trigger Royalty Trigger Facility Averages FARR FAP FAP
TC20 Exhibit A Exhibit A TC20 TC20 Volumetric Volumetric Volumetric Volumetric
TC20 not filed: 0.0 100.0% Crown Interest 100.0% Crown Interest TC20 not filed: 0.0 TC20 not filed: 0.0 ISC Imbalance: C5+-IC ISC not filed: C1-IC ISC not filed: GRP ISC not filed at Reproducing Facility: FAP at IF
Reference Number: 87931
Page 1
45
Sample ISC Balancing Discrepancy Notification
46
The End
47

NGL Training Oct 2002

Transféré par

Informations du document

Description originale:

Titre original

Copyright

Formats disponibles

Partager ce document

Partager ou intégrer le document

Options de partage

Avez-vous trouvé ce document utile ?

Ce contenu est-il inapproprié ?

Droits d'auteur :

Formats disponibles

NGL Training Oct 2002

Transféré par

Droits d'auteur :

Formats disponibles

Natural Gas Liquids Royalty Framework Changes

Production Month 2002-10 Implementation

Facility Average Illustration

NGL Royalty Framework Changes - May, 2004

NGL Royalty Framework Changes - May, 2004

Gas & ISC Relationship

ISC View of Gas

*has old/new vintage **inert

NGL Royalty Framework Changes - May, 2004

NGL Royalty Framework Changes - May, 2004

FARR% & FAP for Gas

FARR% & FAP for Gas..Contd

NGL Royalty Framework Changes - May, 2004

Low Productivity Allowance Adjustment

Registry ISC Reporting

NGL Royalty Framework Changes - May, 2004

Registry ISC Reporting..Contd

ISC Heat Range Table

NGL Royalty Framework Changes - May, 2004

Registry ISC Reporting Table

AB Alberta BT Battery CO Commercial

IF Injection Facility IN Industrial MS Meter Station

NGL Royalty Framework Changes - May, 2004

Registry ISC Reporting Table..Contd

Common Stream Operator

AB BT/GS/GP/IF auto-created DISP

NGL Royalty Framework Changes - May, 2004

Registry ISC Reporting Table..Contd

Pipeline/Meter Station Operator

NGL Royalty Framework Changes - May, 2004

Registry ISC Reporting Table..Contd

Common Stream Operator

AB PL auto-created DISP (no ISC)

Common Stream Operator

NGL Royalty Framework Changes - May, 2004

Registry ISC Reporting Table..Contd

Pipeline/Meter Station Operator

AB BT/GS/GP/IF autocreated REC (ISC created for IF only)

Common Stream Operator

AB PL auto-created DISP (no ISC)

NGL Royalty Framework Changes - May, 2004

Registry ISC Reporting Table..Contd

Pipeline/Meter Station Operator

Mainline Straddle Plant Operator

AB GP subtype Mainline Straddle

NGL Royalty Framework Changes - May, 2004

Registry ISC Reporting Table..Contd

Battery, Gathering System or Gas Plant Operator

NGL Royalty Framework Changes - May, 2004

Registry ISC Reporting Table..Contd

Battery, Gathering System or Gas Plant Operator Raw Gas Seller

Any non AB location

Report ISC factors of raw gas stream on RGA submission.

NGL Royalty Framework Changes - May, 2004

ISC Volumetric Submission in Registry

Illustration of ISC Reporting at MS

NGL Royalty Framework Changes - May, 2004

ISC Volumetric Submission in Registry

Illustration of ISC Reporting at MS

Raw Gas Sale and ISC Factor Reporting on RGA

Raw Gas Deliveries To Injection

NGL Royalty Framework Changes - May, 2004