Gas Balancing

Gas Balancing

This course provides an overview of Gas Balancing and linking directly into imbalances, owner responsibilities, and how to account for them. It is suitable for petroleum industry experienced Revenue Accountants, business professionals, investment advisors, analysts, regulators, government employees, and lawyers.

Course Content

This course covers the following topics:

 Introduction and Overview of Gas Balancing – Deregulated Gas Marketing

  • Historical Gas marketing
  • Current Gas Marketing


Common Types of Imbalance

  • Collecting and Analyzing Data for Gas Imbalance
  • Imbalance Techniques


Nomination and Confirmation

  • Process
  • Account Wellhead Volumes


How Transporter Imbalances Are Created

  • Producer, Shipper to Purchaser
  • Issues



  • Gas Plant Statement
  • Transporter Statement
  • Gas Analysis

Pipeline Flow

  • Production Flow
  • Multiple Allocation Points


Exhibit E Joint Operating Agreement (JOA)

  • AAPL Form
  • Negotiated Agreement


Gas Balance Statement 

  • Required Data
  • Generating a Statement  


Make-up Gas 

  • Definition
  • Examples


Balance Settlements 

  • Gas Balancing Agreement
  • No Gas Balancing Agreement
  • Imbalance Reporting  


Learning Objectives

Upon completion of this course, you will be able to:

  1. Explain how various gas balances are created and settled
  2. Generate a gas balancing statement
  3. Identify factors to consider in gas balancing settlements
  4. Evaluate financial reporting requirements


Program Level: Intermediate     CPE Credits: 8 hours      Delivery: Group-Live       

Prerequisites: Some previous revenue accounting experience

Advance Prep: None                 Field of Study: Accounting

Cost: See pricing on registration opportunities, and for custom private courses contact