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A  limited  number  of  gas  wells  produce  oil.  The  classification  factor  that  determines  if  a  gas  well  produces  condensate  or  oil  is  called  the  Volumetric   Gas  Well  Liquid  (VGWL).  Historically  the  VGWL  factor  was  determined  approximately  six  months  after  a  well  came  into  production,  and  was  not   reported  by  Petrinex,  thus  it  often  went  unnoticed  by  production  accountants.  Now  that  the  VGWL  factor  is  a  requirement  as  per  measurement   schematic  regulations,  it  will  appear  on  measurement  schematics.  Oil  and  condensate  have  different  royalty  rates,  failure  by  Production   Accountants  to  report  the  production  as  oil  results  in  an  economic  loss  to  the  company.

How  FacilityStudio  provides  value  

FacilityStudio’s  Inventory  Report  captures  the  VGWL  for  all  gas  wells  and  correctly  identifies  them  as  either  Gas  Wells  (produce  condensate)  or  Gas   Well  Producing  Oil  (produce  oil).  The  image  below  represents  a  Gas  Well  producing  Condensate  and  a  Gas  Well  producing  Oil  in  FacilityStudio.   Make  sure  any  Gas  Wells  producing  Oil  are  flagged  appropriately  in  your  internal  databases.

Companies  should  review  the  last  five  years  of  reported  production  for  all  gas  wells  with  a  VGWL  factor  of  oil  (i.e.  Gas  Well  Producing  Oil  on  their   measurement  schematic)  and  identify  if  oil  production  is  being  reported  against  it.  If  the  production  is  being  reported  as  condensate,  corrections   should  be  made  to  avoid  paying  a  higher  royalty  rate  than  required.

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