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Volume Adjustment Associations |
  
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Volume Adjustment Associations |
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The is the tab where volume adjustment formulas are associated to a contract route. These formulas associations are applied against volumes that are moved on the route (fuel, PVR, etc.). A route can be setup to have different volume adjustment formulas over time (date effectiveness). A route is able to utilize the full capabilities of EnergySteward.com volume adjustment formulas (volume tiers, floors, ceilings, etc.). These volume adjustment formulas can be assigned (if already setup on the contract) directly from this screen OR they can be associated to the various routes from the contract volume adjustment formula setup screens. Volume adjustment formulas are simply mechanisms which can be applied to either reduce (or increase (for keep whole type agreements)) the volumes that traverse between route receipt and delivery points. Important note: When you modify these route volume adjustment formula associations then the underlying deals which reference this contract are automatically synchronized.
Add Volume Adjustment Association (button) - Click this button to add a new association of this contract route to an existing volume adjustment formula on the contract.
View/Edit Grid Button (pencil) - Click this next to the applicable volume adjustment formula association in order to change any of the information relevant to the contract route to volume adjustment formula relationship.
Delete Grid Button (red x) - Click this next to the applicable volume adjustment formula that you want to permanently delete. When you delete a volume adjustment formula association, then all information relevant to that contract volume adjustment formula relationship will be permanently deleted. You might want to consider utilizing the from and thru effective date capabilities in order to preserve contract level historical information related to this volume adjustment relationship. Important note: You will be presented with a confirmation ("Are you sure...?") dialog box prior to deletion.
The following shows the route to volume adjustment formula detail which you are presented with when adding or updating an contract volume adjustment formula association.
Volume Adjustment Formula (drop down list box) - This is a required field and represents the volume adjustment formula (from this contract) which you want to assign to the route. These volume adjustment formulas can be setup by going to the contract volume adjustment formula screen(s). Many routes (and individual meters/wells) can share the same contract volume adjustment formulas.
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 volume adjustment formula association 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 volume adjustment formula association is important.