| Processing Fees |  |
Processing Fees
Processing fees can be specified at any facility based on product throughput. These fees can generate revenue for the facility.
Processing fees are allocated back to the wells based on production, and operating costs at the processing facility can be assigned back to the wells as a processing fee.
To edit process fees, first select the facility asset, then Select Data - Process Fees from the menu, or choose "Process" from the URL menu.
Revenue from processing fees can also be tracked at the facility and will show up as Other Revenue in the reports. WellSpring can track working interest values for processing fees and revenue, even when the working interests in the associated wells and facilities are different.
Opcosts specified at Facility
Operating costs can be assigned to any facility even if that facility has processing fees. These operating costs can be converted to processing fees (and thus allocated back to the wells flowing into this facility) by Checking the "Also Add All Local Facility Operating Costs as Processing Fees" option in the processing fees screen.
For example,the opcosts below would be converted to variable costs and pro-rated to each of the wells flowing into the facility.
Note: These opcosts will be added to any processing fees entered above.
Note: The above opcost dialog includes categories that can be defined in the opcost definitions - See Opcost Definitions
See also