Navigation:  Application Modules > Pricing > Configuration > Price Formula

Contracts and deals within EnergySteward.com utilize price formulas for assigning primary price or cost values.  These price/cost formulas are typically setup on the contract (associated to a meter/well and/or a route (if transport/gathering type contract)) and are synchronized to the contracts deals.

 

Price formulas in EnergySteward.com are comprised of multiple components, each separated by operands.  For example

 

Example Price Formula

 

 

In the above example their is a single formula with two components.  This formula is just a made up example.  However, this shows that the formula will use the "Gas Daily" (midpoint price) for Permian Basin minus a nickel (.05).   This is a simple example, but it shows how a formula is setup (utilizing multiple components separated by mathematical operands and put into a specific order).

 

This section contains various price formula configuration items.