Hierarchy
IS-OIL (Software Component) IS-OIL⤷
IS-OIL-PRA-REP-ROY (Application Component) Royalty Reporting⤷
OIU_REP (Package) Production, Tax & Royalty Reporting
Basic Data
| Data Element | OIUREP_MMS_2014_ADJ_CD |
| Short Description | Production: MMS-2014 - Adjustment Reason Code |
Data Type
| Category of Dictionary Type | D | Domain |
| Type of Object Referenced | No Information | |
| Domain / Name of Reference Type | OIUREP_MMS_2014_ADJ_CD | |
| Data Type | NUMC | Character string with only digits |
| Length | 2 | |
| Decimal Places | 0 | |
| Output Length | 2 | |
| Value Table |
Further Characteristics
| Search Help: Name | ||
| Search Help: Parameters | ||
| Parameter ID | ||
| Default Component name | ||
| Change document | ||
| No Input History | ||
| Basic direction is set to LTR | ||
| No BIDI Filtering |
Field Label
| Length | Field Label | |
| Short | 10 | Adj Rs Cd. |
| Medium | 16 | Adjust. Rsn Code |
| Long | 22 | Adjustment Reason Code |
| Heading | 16 | Adjust. Rsn Code |
Documentation
Definition
An adjustment is a correction made to a previously reported MMS-2014 line. An adjustment may be made to pay additional payments, to recoup overpaid amounts, or to change information that has no effect on payments. Lease type (Federal or Indian) affects the way an adjustment is reported.
An adjustment code is a code that identifies the reason for the adjustment of the line of data in the report.
The relevant adjustment codes (after October 1, 2001):
10 = Adjustment. Make an adjustment that does not require a unique adjustment reason code. Use code 10 whether the adjustment results in an increase or decrease to royalties.
15 = Marginal property true-up; Report the adjustment from take volume to entitled volume for qualified marginal properties.
16 = Major portion/dual accounting - Report the adjustment to the published major portion price and/or dual accounting for Indian gas production, effective for 01/2000 sales forward. Adjustment reason code 16 is applicable only for Indian leases located in non-index zones.
17 = MMS-Initiated compliance adjustment. Reporting entries resulting from a compliance review. Any exceptions to this must be approved by MMS.
20 = Dept. of Energy Strategic Petroleum Reserve (SPR) RIK with royalty value. Report volumes transferred to SPR with a royalty value.
21 = DOE SPR without royalty value. Report volumes transferred to SPR without royalty value.
25 = Netback costs true-up (geothermal leases only). Report previous deduction period's adjusted netback values using actual capital costs and operating and maintenance expenses for geothermal resources using netback valuation only.
26 = Change valuation method (geothermal leases only). Report adjusted resouce/production values for prior periods as a result of a retroactive change in valuation method approved by MMS for geothermal resources only.
31 = Retroactive mandatory price adjustment (geothermal leases only). Report adjusted resource/production values for prior periods as a result of retroactive price adjustments by the purchaser or other pricing authority; for geothermal resources only.
32 = Estimate adjustment. Increase or decrease an estimated royalty payment balance.
35 = Unit participation area/communitization agreement adjustment. Adjust volumes and values required as a result of the formation, expansion, contraction, or termination of a unit PA or CA.
49 = Index zone/ dual accounting price adjustment. Report adjustments to the index price and/or for dual accounting, for gas production from an Indian lease located in an index zone.
71 = Estimate underpayment/overpayment interest. Identify payor-calculated interest related to insufficient or oversufficient estimate values.
72 = Audit underpayment/overpayment interest. Identify payor-calculated interest related to an audit.
History
| Last changed by/on | SAP | 20050224 |
| SAP Release Created in | 46C |
