This module is used by the processor to accrue volumes and values for wells which may or may not process through a gas processing plant. Will create a monthly flash (accrual/estimate) for an asset. Can utilize estimated or actual volumes, incorporate new volume or contract streams and provides accuracy typically within 1% of actuals. System can also be used to identify differences between actual and accrual.
Provide full processing and transportation contract management functionality including alert processing on contract key dates, document imaging (or link), and workflow management for the contract.
Provides complete Division of Interest management for both working interest and royalty owners. Provides check write functionality.
Provides Daily, Monthly or as many months into the future as required forecasting of revenue and producer payments through a plant processing asset. Includes Residue, NGLs and Fees. Incorporates Price sensitivities, volume curves, percentage declines, and plant recoveries.
Provides for marketing of equity product (NGLS, Residue, other), trading, physical and financial deals, risk management. This module is expected to be released in 2012.
Provides an audit of the processor’s results. Compares producer’s accrual to the processor’s actuals and identifies differences in volumes, prices, or contracts which led to the discrepancies. Automates the job of auditing your plant processor.
Provides complete custody transfer meter to well allocation of plant products and values. Values can be allocated or priced separately.
This module is used by the processor to accrue volumes and values for wells which may or may not process through a gas processing plant. Will create a monthly flash (accrual/estimate) for an asset. Can utilize estimated or actual volumes, incorporate new volume or contract streams and provides accuracy typically within 1% of actuals. System can also be used to identify differences between actual and accrual.
Provide full processing and transportation contract management functionality including alert processing on contract key dates, document imaging (or link), and workflow management for the contract.
Provides complete Division of Interest management for both working interest and royalty owners. Provides check write functionality.
Provides Daily, Monthly or as many months into the future as required forecasting of revenue and producer payments through a plant processing asset. Includes Residue, NGLs and Fees. Incorporates Price sensitivities, volume curves, percentage declines, and plant recoveries.
Provides for marketing of equity product (NGLS, Residue, other), trading, physical and financial deals, risk management. This module is expected to be released in 2012.
This product handles plant allocation and valuation for settlement to the producers. System handles complex, multi-tier product level or component level allocations and contract terms including POP (POL), Fee, Keepwhole, Wellhead Purchase, Fixed Recovery and Fixed Fuels, Margin, and Multi Terms. Includes tax calculations and state reporting.
Provides full nomination, scheduling, capacity release, contract management, FERC compliance (Interstate), back office accounting for gas transportation through intrastate and interstate pipelines. This module is expected to be released in 2012.
Waterfield’s Gathering product is used by Gathering System Operators who need the ability to track gas movement across their Gathering Systems. The need to track the gas movement is created by producers taking their gas in-kind or Marketing companies buying gas at the wellhead and shipping it across their Gathering system(s). Gathering Operators need the ability to manage the complete set of interrelated business transactions. The business transactions originate at a receipt point (wellhead or pipeline interconnect) and deliver to plant inlets or open access pipelines that accept nominations.
Waterfield Energy’s Gathering product tracks the business transaction from Wellhead Confirmations, through Nomination Cycles, through Downstream Confirmation Cycle’s with Pipelines, and Allocations while managing the accounting movements of gas through a Gathering System(s). Gatherers also have the ability through Waterfield’s system to invoice shippers, based on contractual terms, calculate imbalances and create Cash-out Statements.
