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Using Compnt. Codes - Determine Lqd.-Gas Equiv. for NGL Alloctn. ( RELNISOIL_46C_CA_CMP_CDS )

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Short text

Using Compnt. Codes - Determine Lqd.-Gas Equiv. for NGL Alloctn.

Use

The Component Codes function allows you to specify a natural gas liquid (NGL) component code in order to convert a liquid volume to a gas volume and determine the allocation basis for a specific NGL material.

You use this function for a component-level delivery network. (You set a delivery network at a component level by selecting the Component Level indicator at the Contract Allocation tab of the Delivery Network Dated transaction.)

To determine a basis for allocating a specific NGL material, the Component Codes function cross-references the NGL material with the NGL component code that you enter in the Gplt Cmpnt field. The system uses the code to calculate a liquid-to-gas conversion ratio. Then the ratio determines the equivalent for NGL allocation results, and the equivalent is used during residue allocation to determine the allocation basis.

Effects on Existing Data

Effects on Data Transfer

Effects on System Administration

Effects on Customizing

Further Information

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