Beginning Balance. This value is derived from taking the height of the oil in the tank at the beginning of the requested date range for all tanks associated with a given well and multiplying them by their 1 inch multiplier.
Example:
Multiplier= 1.17 bbls/in
Tank A height= 1' 2" (14 inches x 1.17 = 16.38 bbls)
Tank B height= 6' 8" (80 inches x 1.17 = 93.6 bbls)
Total beginning balance= 16.38 bbls + 93.6 bbls = 109.98
Production. This value is derived from adding together all production for the given time period.
Run Tickets. This value is derived from adding together all run tickets for the given time period that are for the requested liquid type (oil or water)
Ending Balance. This value is derived from taking the height of the oil in the tank at the end of the requested date range for all tanks associated with a given well and multiplying them by their 1 inch multiplier.