Hi All, I do work with Oil and Gas accounting data, and I am looking for a good source/guide to help me understand plant statements. I understand they're reported by the operators, yet I am really looking to understand the whole scope of the process behind them, especially the deducts for field gas and fuel (and why), and POP percentages/other ratios to be aware of. I don't have an oil and gas background and want to gain the fullest understanding possible that I can of these, yet can't seem to find a ton of in-depth resources online. Also, please let me know if I should redirect my question to another sub- thank you!!

That my parents didnt name a beneficiary for the oil wells they owned. Four are royalties wells, and im told that's nothing to worry about, however two are working interest wells which ive been told are money pits. Ive been told the working interest wells are next to impossible to sell as they cost more to operate than they bring in,(which really makes me wonder about what goes wrong with the equipment that it needs that level of constant repair) and cant be converted to royalty wells. Since i obviously dont know shit about any of this. Is this true about getting rid of working interest wells? ive asked to get paperwork on all of this and am wondering if i should create an llc just for my shares of the wells. Anyone out there have just sine ballpark advice?

Hi, We are facing several issues during valve repairs. When valves are dismounted and sent to the workshop, if a valve cannot be repaired, a new one is ordered. However, when the new valve arrives on-site, there is no labeling from the old valve, and the staff doesn’t know where the valve should be installed. Can anyone share how they manage their work procedures in similar situations? I would appreciate examples or advice on how to better organize information sharing in the workplace.

This goes back 75 years or more. Apparently my grandparents or maybe great grandparents acquired some mineral rights it Utah. As a child in the 70’s it was always a joke when my parents would get checks for a dollar or two every once in a while. Fast forward 50 years over the last year or so my brothers and I have received several notices of hearing being held with the state about companies wanting to drill and how they wanted to drill etc. we didn’t pay much attention to it at the time. 2 weeks ago I received a call from someone in Texas wanting to buy our mineral rights offering $8500. My brother negotiated to $10k. Over the phone and we received a check a few days later. Now we are wondering if we should see if we have anything of value before signing the papers and cashing the check. But don’t know who to talk too or where to go

In my refinery my burned black oil feedstock is a mixture of said black oil, diesel and water normally, but my operators are telling me that something is off with our current feedstock, they say that it's contaminated with marine oil, furnace oil and sometimes cooking oil...

How can differentiate between them all? Is there some sort of a test that we can perform?