Module 1.13 Petrinex

Question 1

Objective 1 History of Petrinex: The student will explain why Petrinex was formed.

Answer 1

Pg 3

Question 2

Objective 2 What is Petrinex: The student will explain how Petrinex is organized.

Answer 2

Pg 4

Question 3

Objective 3 Benefits of Petrinex: The student will explain the benefits of using Petrinex.

Answer 3

Pg 5

Question 4

Objective 4 Who can use Petrinex: The student will explain who can use Petrinex.

Answer 4

Pg 6

Question 5

Objective 5 Monthly Cycle: The student will explain the monthly cycle in a production accountant?s life.

Answer 5

Pg 8

Question 6

Objective 6 How to use Petrinex: The student will explain Petrinex terminology.

Answer 6

Pg 10

Question 7

Objective 7 Reporting: The student will explain the difference between Queries and Reports.

Answer 7

Pg 12

Question 8

Objective 8 Single Well Battery Example: The student will examine GAS, OIL and WATER queries that relate to production at a single well battery.

Answer 8

Pg 13

Question 9

Objective 9 Well Queries: The student will examine other common Petrinex queries that relate to a producing well.

Answer 9

Pg 18

Question 10

Objective 10 Additional Queries: The student will examine Petrinex queries for both a facility and a well.

Answer 10

Pg 20

Question 11

Objective 11 Multi Well Battery Example: The student will examine Petrinex GAS, OIL and WATER volumetric queries relating to production at a multi-well oil battery.

Answer 11

Pg 22

Question 12

Objective 12 Well Reports - Multi-Well Battery: The student will examine other Petrinex queries that relate to the five wells producing to the multi-well battery.

Answer 12

Pg 27

Question 13

Objective 13 Additional Reports - Multi-Well Battery: The student will examine Petrinex queries for both a facility and the wells.

Answer 13

Pg 29

Question 14

Objective 14 Data Entry: The student will explain the methods available to enter data.

Answer 14

Pg 14

Question 15

Question 1: What is the benefit of Petrinex?
A - reduce royalty over-payments
B - fewer amendments
C - standardized input
D - all of the above

Answer 15

D)

Question 16

Question 2: The activity code REC stands for?
A - recovery factor
B - recordC - receipt
D - redundant

Answer 16

C)

Question 17

Question 3: Reports can run immediately if
A - they are less than 20 pages long
B - they can run in 10 minutes
C - your company has paid a run fee
D - they can run in less than 3 minutes

Answer 17

D)

Question 18

Question 4: Meter differences are acceptable if
A - the meters are calibrated annually
B - they only report production
C - they are within an acceptable range of tolerance
D - they can run in 3 minutes

Answer 18

C)

Question 19

Question 5: Metering differences are accepted at a single well battery if
A - the calibration has been done in the last six months
B - the meters are compatible
C - they are zero
D - the two companies are partners

Answer 19

C)

Question 20

Question 6: The material balance calculation is used to
A - calculate battery production
B - determine the royalty paid
C - compare tank inventory
D - calculate net owner production

Answer 20

A)

Question 21

Question 7: Calculate the battery production given:
Opening inventory equals 21.5 m3
Closing inventory equals 17.0 m3
Receipts equal 5.1 m3
Disposition equal 22.3 m3
A - 12.7 m3
B - 14.6 m3
C - 21.7 m3
D - 22.9 m3

Answer 21

A)