New web software improves oil and gas company confidence in tracking their measurement and reporting controls. ControlReport allows senior executives and their staff to assess the locations in their organization that are in compliance with new Directive 076.

When you have an EPAP anomaly, ControlReport’s goal is to help you get quick answers to the ERCB keeping you out of the penalty box -- to help you be best friends with the Board.

When you come to us with a year-end EPAP frustration, ControlReport’s goal is to help you sign your yearly declaration with confidence.

Key advantages to your business:

►Reduce the time you spend on fielding questions about EPAP anomalies.

►Establish missing measurement controls with minimal effort.

►Increase confidence that your measured volumes are accurate.

►Rest assured that you are not paying any more royalty than you need to.

►Have an internal audit system of your controls.

►Sign your year-end EPAP declaration with confidence.

EPAP (Enhanced Production Audit Program) is a recent Alberta government initiative to monitor oil and gas operator’s production reporting. The new Directive 076 was effective January 4, 2010.

At the end of 2010, the ERCB will require the senior executives of every oil and gas company to declare their measurement controls are in compliance.

To check the compliance, the enforcement department of the ERCB is preparing a monthly report unearthing suspicious reporting trends. These trends include high error proration, abnormal GOR trends and rising production trends. The Board will use these reports to search for risk of noncompliant measurement practices.

When the ERCB detects a risk of noncompliant measurement, they call oil and gas companies asking questions about internal audit controls of wells and facilities.

Proven Reserves is a reservoir engineering company that are experts in regulatory matters. Our staff has written measurement reporting software and audited production reporting information flow. Please call for more information about EPAP and help with your measurement, accounting, and reporting plan.

Our service includes reviewing controls in place and setting up a wide area network solution for tracking and reporting these controls.

Examples of production and measurement controls tracked by ControlTrack:

►Semi-monthly tests of oil wells.

►Weekly or Monthly chart replacements for gas wells

►Verification of orifice size and meter ranges for orifice meters

►Chart reading

►Well on-stream hours reporting

►Battery proration error check

~Granger J. Low

On April 20, 2010, an oil well blowout caused a massive explosion on the Deepwater Horizon offshore drilling platform in the Gulf of Mexico, which resulted in the death of 11 platform workers, the injury of 17 others, and what has come to be considered the largest offshore oil spill in U.S. history.

With estimated spill rates between 12,000 and 100,000 barrels of crude oil per day, the effort to contain and clean up the spill – which has resulted in a slick around 6500 km2 – is still ongoing, and continues to make news and spark debate more than a month after the fact.

BP, the operator and principal developer of the project at Deepwater Horizon, had leased the platform from its owner, Transocean Ltd., but has accepted responsibility for the spill and cleanup cost, though places the blame on Transocean, whose employees were in charge of operating the platform.

The offshore drilling project, known as the Macondo Prospect, was thought to hold up to 50 million barrels of oil prior to the blowout.

Proven Reserves Exploitation Ltd. are excited to announce our move to new office space at 1730, 734 7th Ave. SW in June 2010.

Though we have enjoyed our time on 11th Avenue, our new space presents new opportunities for Proven Reserves’ growth and business development. We are also looking forward to our new location’s proximity to our clientele. We are confident out new location will facilitate better service and interaction for both new and existing clients.

With over 20 years of experience in the oil and gas industry here in Calgary, we are committed to helping our clients find and add reserve value through technical expertise.