Get the free Directive 024: Facility Netback Calculation Form (Released ... - AER

Appendix 6 Facility Setback Calculation Form Facility Setback Calculation Form Part A: Corporate Reconciliation Date of completion Licensee name ECB four-digit company code Licensee year-end LLR Program

How to fill out directive 024 facility netback

Step-by-step guide on how to fill out directive 024 facility netback:

1. Gather the required information: Begin by collecting all the necessary information and documents needed to fill out the directive 024 facility netback. This may include financial statements, income reports, and other relevant data.
2. Understand the purpose of the directive: Familiarize yourself with the purpose and objectives of directive 024 facility netback. This will help in providing accurate and relevant information while filling out the form.
3. Identify the key sections: Go through the form and identify the key sections that need to be filled out. This can include details about the facility, netback calculations, deductions, and any additional information required.
4. Provide facility information: Start by providing accurate and up-to-date information about the facility in question. This may include the facility's name, location, type, and any other relevant details.
5. Calculate netback: Fill out the netback calculations as per the guidelines provided in the directive. This involves subtracting total costs, such as operating expenses and transportation costs, from the total revenue earned by the facility.
6. Include deductions: If there are any deductions or adjustments that need to be made, make sure to accurately calculate and include them in the relevant sections of the form. These deductions can vary based on the specific requirements outlined in the directive.
7. Attach supporting documents: Ensure that you attach any necessary supporting documents that are required to validate the information provided in the directive 024 facility netback. This can include financial statements, invoices, or any other relevant paperwork.
8. Review and double-check: Before submitting the form, meticulously review all the information provided. Double-check for any errors, missing details, or inconsistencies in the data. It is crucial to ensure accuracy and completeness in the form to avoid any discrepancies.
9. Submit the form: Once you are confident that all the sections have been accurately filled out and reviewed, submit the directive 024 facility netback form as per the specified instructions outlined in the directive or by the relevant authorities.

Who needs directive 024 facility netback?

1. Companies operating facilities in certain industries: Directive 024 facility netback is typically required for companies operating facilities in designated industries. These can include oil and gas, energy, and other sectors where netback calculations are necessary to determine profitability and cost allocation.
2. Regulatory authorities: Regulatory authorities responsible for overseeing the operations and financial aspects of certain industries may require companies to fill out directive 024 facility netback. This is to ensure transparency, accuracy, and compliance with regulations governing those industries.
3. Financial and accounting departments: Companies' financial and accounting departments are involved in the process of filling out directive 024 facility netback. They are responsible for providing accurate financial data, calculating netback, and ensuring compliance with the directive's requirements.
4. Auditors and consultants: Auditors and consultants engaged by companies from the relevant industries may also need directive 024 facility netback to undertake financial analysis, audit compliance, or provide advisory services. They rely on this information to assess financial performance, profitability, and make recommendations.
5. Investors and stakeholders: Investors and stakeholders interested in evaluating the financial health and profitability of companies operating in the designated industries may require directive 024 facility netback. Such information helps them assess investment opportunities, make informed decisions, and gauge the overall performance of the company.

For pdfFiller’s FAQs

What is directive 024 facility netback?

Directive 024 facility netback refers to the net value per barrel for oil and bitumen produced from a facility.

Who is required to file directive 024 facility netback?

Operators of facilities producing oil and bitumen in Alberta are required to file directive 024 facility netback.

How to fill out directive 024 facility netback?

Directive 024 facility netback is filled out by calculating the netback value per barrel using the specified formula provided by the regulatory body.

What is the purpose of directive 024 facility netback?

The purpose of directive 024 facility netback is to ensure transparency and accountability in the pricing of oil and bitumen produced from facilities.

What information must be reported on directive 024 facility netback?

The information reported on directive 024 facility netback includes the production volumes, sales revenue, royalties, operating costs, and transportation expenses.

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