Gas Balancing Accounting software offered as a Gas Balancing System (GBS) by Scientific Computer Applications, Inc. (SCAI)
With the deregulation of gas, the proliferation of split connections, and the rise of the natural gas spot market, the management of information regarding gas well production became considerably more complicated than in the past when a gas well was drilled and produced by one operator into an interstate pipeline for its entire life.The complication is caused by the fact that it is possible that in a given month the various interest owners in a gas well with an operational gas balancing agreement can end up selling more (or less) of the share of gas to which they are entitled in that month. The gas imbalance accounting situation can go on for months, with one party becoming increasingly overproduced and another party becoming increasingly underproduced, resulting in the need for reconciled gas imbalance accounting.
The Gas balancing System is gas balancing software that will keep up with the gas imbalance and provide a Gas balancing statement to all owners in the well, monthly.
Gas balancing software |
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