Navigation:  Application Modules > Contracts > Contracts > Meters/Wells > General Information

This is the main screen for setting up a contract meter/well within EnergySteward.com .  From this screen (via the tabs at the top) you can indicate the specific meter/well, dates, price formulas, other cost formulas and volume adjustments.

 

The initial 'General Information' tab is where you define the main components which makeup the meter/well association.

 

 

Meter/Well  (drop down list box) - Select the meter/well from the list of available meters/wells to associate to this contract.

 

Type  (drop down list box) - A meter/well within EnergySteward.com can be setup with many types (pooling point, interconnect, etc.).  Select the primary 'type' which this meter/well will assume for this contract relationship.  This is a required field.

 

Effective From (popup calendar) - This is a required field.  It will default to '01/01/1800'.  This should be left at the default value unless date effectiveness for this meter/well is important.

 

Effective Thru (popup calendar) - This is a required field.  It will default to '12/31/3000'.  This should be left at the default value unless date effectiveness for this meter/well is important.

 

Important note:  When you modify effective dates on meters/wells, then any underlying deals will automatically be synchronized to reflect the availability (or unavailability) of those meters/wells.  Any deals that have a production month volume in a 'Frozen' status will retain that meter/well for historical purposes.

 

Activity Reference ID - This is an optional field and represents a reference identifier for this particular meter/well on this contract.  Sometimes used when pipelines assign reference id's and these are needed to identify and reference the meter/well from a pipeline perspective.

 

Assign Date - This is an optional field.  Date meter/well assignment from or to the contract.

 

Assign To - This is an optional field.  Party of assignment from or to the contract.

 

Notes - This is an optional field.  Any notes about this contract meter/well assignment can be stored in this area.

 

Working Interest % - This is an optional field.  This represents the working interest in the meter/well for this contract.

 

Working Interest (APO) % - This is an optional field. This represents the working interest after pay out in the meter/well for this contract.

 

Revenue % - This is an optional field. This represents the revenue/royalty interest in the meter/well for this contract.

 

Revenue (APO) % - This is an optional field. This represents the revenue/royalty interest, after pay out in the meter/well for this contract.

 

Est. Volume Per Day - This is an optional field.  If used, can indicate the volume per day expectations/estimates as setup in the contract for this meter/well.

 

Rounding Level (drop down list) - This indicates how calculations are performed against the meter/well.  The possible values and their explanations are listed below: