Third Party Process

This page has multiple incoming links - Please use your browser back button to return to the previous page. 

Processes

Third Party Update Utility

Prior to running the invoice process use the Third Party Update Utility to automate the changes to TPA Statuses on the User Well tab and if desired add billing dates to One-time fees.

If your company has a connection to either IHS or gDC data hubs, you can use this utility.  The Third Party Update Utility uses industry data, it does not use information from the well module.  The Third Party Update Utility proposes any TPA status changes based on all event sequences for a well and if desired billing dates for One-time fees. You have the ability to review and accept the proposed changes before any updates are made on the user well tab. The utility will also show wells that have not been drilled and if there are missing fee types in the maintenance tab.

Note: The Third Party Update Utility is a separate process than the CS Asset Utilities - Wells . The Third Party Update Utility is an aid to update Third Party Agreements user well information based on industry data for the Grantee's well. Using the Third Party Update Utility will greatly reduce the volume of manual updates for changes to TPA Statuses and if desired One-time fees.

The Third Party Update Utility uses well data from an industry source, it does not use the well status or well status dates from the Well module, even if the user well exists in the well module.

Users have the option of selecting the following items for update on a well by well basis:

• Setting the Billing Date for One-time or Initial Consideration Fees based on the presence of a spud date.

• Proposing Maintenance Fees (TPA Statuses) based on either the Well Status or Production Volumes method.

  • Well Status Method: Well statuses and Well Status dates are used to determine proposed TPA Status changes.  If the licence # is entered on the user tab the TPA status proposed by the Third Party Update Utility is based on all event sequences for the licence #. 

  • Production Volume Method: The existence of production data is used to propose TPA Status changes.  If the licence # is entered on the user tab, the TPA status proposed by the Third Party Update Utility is based on all event sequences for the licence #. 

The utility will also identify User Wells that do not exist in Industry Data, and Third Party Agreements where certain types of fees are missing from the Maint tab .

Note: The only industry dates used by the Third Party Update Utility are Spud, Rig Release, Well Status and Production. Spud and Rig Release dates are used to invoice for Drilling and One-time fees.

The Third Party Update Utility will work for most situations however the Exclude From Utility field on the User Well tab can be checked for any unusual situations and manual updates can be made. Since the exclusion is at the user well level it allows for other wells on an agreement to still use the Third Party Update Utility.

Third Party Update Utility Details 

Third Party Update Utility FAQ

Should I Use the Third Party Utility Well Status or Production Volume Method?

How are multi event wells handled by the Third Party Update Utility?

What if I have More Than One Producing or Non-Producing TPA Statuses for an Agreement?

Does a User Well have to be in the Well Module to use the Update Utility? 

What information is required initially in the User Wells Maintenance Fees section if the Third Party Update Utility is being used?

What are the differences between the Third Party Update Utility and the Asset Utility for Wells?

Third Party Update Utility Configuration

TPA Status Configuration Examples

Third Party Invoicing Process

Use the Third Party module to manage Third Party Agreement (TPA) invoicing in CS Land. The Third Party module categorizes invoices by Grantor, in which you can use the process in the Third Party module to generate TPA Invoices to bill Grantees for the use of roads. 

The process is very flexible as it can bill past periods, partial periods and be run monthly, quarterly, semi-annually or annually.  If required, more than one process can be run for any given month.

The Third Party Invoicing Process allows you to generate partner billings.  

The process allows for billing for multiple and/or partial periods (including past periods) and also allows for more than one process to be run in the month. The frequency on the Maint tab allows flexibility for billing frequency to be monthly, quarterly, semi-annual or annual.

Third Party Invoicing Process Details

Third Party Invoicing FAQ

Can I Run Separate Invoicing Processes for One-Time and Maintenance Fees?

What is the difference between Advance Billing and Arrears Billing?

How are the periods calculated in the Third Party Invoice Process?

When will my One-Time Fee be billed?

Can I exclude fees from an agreement without excluding all of them?

Third Party Invoicing Process Configuration 

Third Party Invoice Process Steps

Below is an overview of each step.  If you are not using the Update Utility then start at the Submitting Invoice Process step.

Third Party Invoicing Getting Started

Third Party Invoicing Getting Started