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Title: Gas Accounting For Production Systems
Author: A. m. Melton
Source: 1964 Southwestern Gas Measurement Short Course (Now called ISHM)
Year Published: 1964
Abstract: This paper is based on the operations and methods of this Company and is limited to the functions of gas accounting as they pertain to gas produced and purchased at the wellhead, and the disposition of such gas. The functions of gas accounting are to take the volumes of gas purchases, Company production, gas used in operations, and gas sales To assign to these volumes tlie proper prices. To compute the division of interest payments on each well or lease. To provide the sellers and royalty owners statements of gas purchases and royalties and issue checks in payment therefor. To compute, withhold and pay applicable taxes on gas, to invoice gas sales customers. To invoice and pay royalties when requu-ed on products extracted from natural gas and To record all these transactions in the books of the Company.




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