Council of Petroleum Accountants Societies

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20 Νοε 2013 (πριν από 3 χρόνια και 11 μήνες)

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Council of Petroleum
Accountants Societies

Denver, Colorado

April 18, 2012

Financial Management


Updates


Data Mining


Future

Financial Management Updates


Edits


Affect on adjustment reporting


Federal Gas Pricing edit


Paper


Reporting


Checks


Negative 2014’s


Inspection Fees

ONRR DATA ACCURACY EFFORTS

Up
-
Front System Edits

Data Mining

Missing Reports, Volume Comparisons, LVS/GVS,
High Level Analyses of Sales Values, Royalty
Values, Adjustments, etc.




1 Month





6
-
9 Months






2
-
3 Years




7 Years
(Fed. oil & gas)

Compliance
Reviews

Audits

Timeline

Data Mining


Current Focus


Agreement reporting


Missing reports


High Volume discrepancies


Net negatives


Same volume, value, Btu


Trending



Data Mining


Statistics


Volume comparison team


$347,000 in FY 2010


$2,900,000 in FY 2011


$6,800,000 in FY 2012 (through 3/31/12)


Many amended 2014’s


Office of Enforcement involvement in future



Data Mining


Adjustment Monitoring Team


$.5 million FY 2010


$2.1 million FY 2011


$1.1 million FY 2012 (through 3/31/12)


Numerous cases closed for valid adjustments


Started to look at net negatives


$200,000 in collections to date (through 03/31/12)


Just started to look at repetitive reporting

Data Mining

Implementation Work Group


New edits (September 2012 estimate)



OINX
-

Do not allow allowances in index zone


Flag $/MMBtu values which significantly differ from the
corresponding index zone price


OGOR inventory


Misreporting of DWRR Codes on OGOR


Data Mining

Implementation Work Group


New Data Mining dashboards


Reporting anomalies.


Approvals for venting and flaring.


Duplicate adjustments


Chronic over sufficient royalty estimates and other
misreporting.


Net negatives across royalty equation


Overlapping agreements including the % of overlap


Repetitive reporting


Reported royalties later reversed to zero


Adjustments after closed audit periods



Future


Pricing


Data Mining


Edits



Financial Management


Questions?