TIPS Gas Plant Accounting and Allocations - Software Solution

Software to manage natural gas processing plant contracts, allocations and accounting

Quorum TIPS is the recognized industry standard for managing the full set of operational and commercial transactions between natural gas processing plant operators and their customers. A variety of industry players operate gas processing plants, including producers, gatherers, midstream companies, pipelines and integrated energy companies.

The midstream oil and gas business, including gas processing and gas gathering encompasses a wide range of activities and physical facilities. Operators arrange their business processes and physical facilities in a wide variety of configurations. Quorum offers a software solution set for processing and gathering consisting of coordinated components that are configurable to provide a system tailored to our client's particular business / physical arrangement. Following are common midstream business / physical configurations with the corresponding recommended Quorum software solution set:

Midstream Business / Physical Configuration	Recommended Quorum Solution Set
Gas processing plant (stand alone)	Quorum TIPS Gas Plant Accounting
Multiple gas processing plant combinations	Quorum TIPS Gas Plant Accounting
Gas gathering system (private¹)	Quorum TIPS Gas Plant Accounting
Multiple gas gathering system combinations (private¹)	Quorum TIPS Gas Plant Accounting
Integrated gas processing plant / gas gathering system (private¹) facilities	Quorum TIPS Gas Plant Accounting
Multiple gas processing plant / gas gathering system (private¹) combinations	Quorum TIPS Gas Plant Accounting
Gas gathering system (open access²)	Quorum Gathering Management
Multiple gas gathering system combinations (open access²)	Quorum Gathering Management
Integrated gas processing plant / gas gathering system (open access²) facilities	Quorum TIPS Gas Plant Accounting & Quorum Gathering Management
Multiple gas processing plant / gas gathering system (open access²) combinations	Quorum TIPS Gas Plant Accounting & Quorum Gathering Management

¹ Gas gathering systems (private) - gas gathering systems privately controlled and managed exclusively by operator.

² Gas gathering systems (open access) - gas gathering systems available for open access transportation where shipper nominates.

Quorum TIPS is a comprehensive software solution with primary functions addressing contracts, scheduling, allocations, volume management, gas settlement and invoicing, and accounting.

Manages a wide range of transactions related to gas plant facilities including, transportation, processing, storage, and marketing
Conducts variety of gas balancing processes - plant, system, lost and unaccounted for, gain / loss, etc.
Accommodates thousands of unique allocation and contractual variations (e.g. take in kind, percent of proceeds, keep whole, wellhead purchase, fee services (metering, gathering transportation), etc.).
In addition to the core gas plant accounting functions above, optional modules are available for expanded capability, including:
Division Order and Disbursements functions to manage all division order information and distribution of revenues to operators and interest owners. To access these functions, Quorum TIPS is deployed together with the Quorum Division Order & Disbursements (DO&D) software solution
Imbalance Management and Accounting to track imbalances at the plant tailgate, comparing entitlements vs. actual sales
Regulatory Reporting function including automated generation of most pre-configured report formats required for federal and producing states

The only midstream management software system endorsed by SAP – Quorum TIPS is pre-integrated with SAP’s ERP® system.

Quorum TIPS Gas Plant Accounting

Input Data

Measurement / SCADA
Third party volumes
- NGL
- Residue
- Production
Gas analysis
Price indexes

Information Managed

Counterparties
Contracts (processing, transportation, other)
Location, meter, point, etc.
Imbalance & inventory accounts

Processes

Allocations
Settlement
Plant / system balance
Contract performance reporting
Tailgate imbalances
Taxation
Imbalance valuation

Deliverables

Gas statement to customer
Invoice to customer
Disbursements
Pay statement - supply
Alerts & notifications
Pre-configured reports (NGL allocation, residue allocation, wellhead disposition, margin report by producer / contract / meter / contract type, PTR / PVR, other)
Regulatory reports

Output Data

Ad-hoc inquiries
Journal entries (GL)
Other ERP system integration

Why Quorum TIPS Gas Plant Accounting?

80% of total U.S. gas processing plant output is settled with Quorum TIPS
Proven capability demonstrated at over 200 gas processing facilities, from small to large, over 14+ years
The only midstream management software system endorsed by SAP – Quorum TIPS is pre-integrated with SAP’s ERP® system
Wide applicability - in use to manage most of the industry's facilities, from the largest and most complex to small and straightforward
Integrity of design ensures control compliance (e.g. SOX) and support for audit
Support for variety of pre-configured and ad-hoc reports, as well as business intelligence
Support for integration into other relevant systems including general ledger (GL)
A component of Quorum's enterprise wide energy software solution portfolio - can be deployed stand-alone or integrated with other enterprise solutions.

Quorum TIPS Gas Plant Accounting is used by various oil and gas industry participants (large and small) in several sectors across the oil and gas, renewable energy and natural resource value chain.

Gas plant accounting is a key function of the Transaction Systems business process. Quorum provides other software solutions to support this and other related business processes.

Contact Quorum Business Solutions to learn more about the Quorum TIPS Gas Plant Accounting software solution.