Performance Deposit Calculation


Disclaimer: Please ensure that JavaScript is turned on the view and/or calculate the below spreadsheet. Enter information in the boxes with the * then press the calculate link at the bottom of the forms.

 

Explanatory Notes

Company Name:

  *
alt

Enter company name


PART A - Net Revenue Calculation Oil Production


Number of Non Abandoned Wells:   *
alt

Enter no. of non-abandoned wells for which the company is the licensee
Daily Oil Production:   *
alt

Enter average calendar-day oil production for the last 6 months

Revenue


Oil price ($m/3) $ *
alt

Enter average crude oil sales price for last 6 months
6-Month Net Revenue $
alt

6-month net revenue is automatically calculated as 60% of gross production revenue
12-Month Net Revenue $
alt

12-month net revenue is automatically calculated as 60% of gross production revenue

PART B - Abandonment & Rehabilitation Costs Well Abandonment Costs


Number of wells:   *
alt

Enter no. of non-abandoned wells with no downhole problems
Average well abandonment cost: $ *
alt

Enter average well abandonment cost
Number of known "Problem" wells:   *
alt

Enter no. of non-abandoned wells with downhole problems
Average "Problem" well abandonment cost: $ *
alt

Enter average "Problem" well abandonment cost

Total salvage value of surface and downhole equipment: $ *
alt

Enter the total salvage value of surface and downhole equipment
Total Well Abandonment cost: $
alt

Spreadsheet calculates total well abandonment costs

Facility Abandonment Costs


Number of batteries:   *
alt

Enter no. of non-abandoned batteries

Average battery abandonment cost: $ *
alt

Enter average battery abandonment cost

Total salvage value of battery equipment: $ *
alt

Enter the total salvage value of battery equipment

Total battery abandonment costs: $
alt

Spreadsheet calculates total battery costs


Rehabilitation Costs


Number of wells requiring a COA:   * alt

Enter no. of abandoned and non -abandoned wells requiring a Certificate of Abandonment (COA)
Average well rehabilitation cost: $ * alt

Enter average well rehabilitation cost
Number of batteries requiring a COA:   * alt

Enter no. of abandoned and non-abandoned batteries requiring a Certificate of Abandonment (COA)
Average battery rehabilitation cost: $ * alt

Enter average battery rehabilition cost
Total rehabilitation costs: $ alt

Spreadsheet calculates total rehabilitation costs
alt

TOTAL ABANDONMENT &
REHABILITATION COSTS:

$ alt

Sum of abandonment and rehabilitation costs

PART C - Performance Deposit Calculation


Total abandonment & rehabilitation costs: $
alt

Sum of abandonment and rehabilitation costs from Part B
Difference from 6 month net revenue: $
alt

   

Difference from 12 month net revenue: $
alt

   

Actual production time needed to offset abandonment costs:  
alt

Calculated in days

Deposit Required


Calculated performance deposit: $
alt

   

Drilling and Production Regulations Section 10(2):  
alt

Calculate


If you have problems with this form please contact:  christine.steele@gov.mb.ca
 


Top of the page