What dispositions in Joyn Allocations are locked-in ( not changeable)?
Joyn O&G generally allows the PAs to create their own product and disposition names and use them for allocations.
There are exceptions to this around the requirements of inventory allocations. The below are the constraints we have in place
Products:
Joyn only identifies two products as inventory products. The product names it uses to identify the same are “Oil” and “Water”.
Any products which are not “Oil” or “Water”, Joyn does not create inventories and use FIFO methodology for these inventories ( when it sees tanks in the allocation networks)
Dispositions
Joyn Allocations tracks/ looks for specific disposition names for Oil and Water product allocations , to determine of the allocated volume results need to be generated using the processed ledger for the respective products or by following the native process ( volume and ratio configuration in allocation config). The specific configurations and hard-coding in the product are shown below.
Disposition Name | Need setup? or auto allocates | Functionality and impact on the product |
|---|---|---|
Production | Should be configured | By default this disposition is allocated using the ratio/volume configuration in the allocation config. This is the same for all product types In case, allocations are setup for a network such that |
Sales | Should be configured For Oil allocations to be FIFO based. | When “Sales” disposition is configured for product “Oil”
|
Water Disposal | Should be configured For Water allocations to be FIFO based. | When “Water Disposal” disposition is configured for product “Water”
|
Pipeline Sales | Should be configured and allocated. Product “Oil” Sales also should be allocated | In order to produce pipeline sales volumes, while considering the FIFO inventory flow process, the disposition that is used to capture such sales should be “ Pipeline Sales”. If not, the results are not going to taking into account the FIFO-ledger transactions. The product identifies how the sales from the pipeline sales volume sources, were allocated back to the well as part of core sales allocations. It then distributes the pipeline sales volume on the same volume sources, in the same ratio in which the corresponding volumes were allocated for sales disposition. |
Trucked Sales | Should be configured and allocated. Product “Oil” Sales also should be allocated | In order to produce trucked sales volumes, while considering the FIFO inventory flow process, the disposition that is used to capture such sales should be “ Trucked Sales”. If not, the results are not going to taking into account the FIFO-ledger transactions. The Allocation engine, checks how the volumes( from the trucked volume sources) were allocated back to the wells, when the |
Net Sales | Should be configured and allocated Sales should have been allocated for the network | If Net Sales is configured for Oil, then it uses the Sales disposition allocated results ( ledger information) to allocated the volumes at volume sources back to the wells. If Net Sales is configured for Gas, then it also uses the Sales disposition allocated results to calculate the net sales volumes to be allocated to the well |
Purchaser Sales | Should be configured and allocated Sales should have been allocated for the network | If Purchaser Sales is configured for Oil, then it uses the Sales disposition allocated results ( ledger information) to allocated the volumes at volume sources back to the wells. If Purchaser Sales is configured for Gas( non inventory product), then it also uses the Sales disposition allocated results to calculate the net sales volumes to be allocated to the well |
Beginning Inventory | Auto generated as part of inventory allocations. | This is the Beginning inventory for Oil/Water for each well which is currently residing in the tanks in the network. This disposition is allocated and allocated volume results are generated, if there are any inventory holding assets (tanks) in the network and if the ledgers are processed/generated for the network-tanks ( If Sales disposition is configured for oil/ water disposal is configured for water and if tanks are part of allocation network) |
Ending Inventory | Auto generated as part of inventory allocations. | This is the Ending inventory for Oil/Water for each well which is currently residing in the tanks in the network. This disposition is allocated and allocated volume results are generated, if there are any inventory holding assets (tanks) in the network and if the ledgers are processed/generated for the network-tanks ( If Sales disposition is configured for oil/ water disposal is configured for water and if tanks are part of allocation network) |
Well Open Inventory | Auto generated when Well inventories are allocated | When well inventory allocations are enabled for a product ( this can be done for oil, water, gas or any other product). The ledgers at the wells to track injected volume, are processed and this disposition is automatically allocated for |
Well Close Inventory | Auto generated when Well inventories are allocated | When well inventory allocations are enabled for a product ( this can be done for oil, water, gas or any other product). The ledgers at the wells to track injected volume, are processed and this disposition is automatically allocated for |
Net Well Production | Auto generated when Well inventories are allocated | When well inventory allocations are enabled for a product ( this can be done for oil, water, gas or any other product). The ledgers at the wells to track injected volume, are processed and this disposition is automatically allocated for |