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Volumetric Accounting

KTM Management provides comprehensive volumetric accounting services for crude oil pipelines and terminals. Supported by our proprietary Volumetric Accounting Software (VAS), we deliver accurate inventory accounting, operational reporting, financial reporting, and invoicing tailored to each client's specific operational and contractual requirements.

Core Volumetric Accounting Services

Our volumetric accounting services include:

Preparation of daily and monthly meter tickets in accordance with applicable API standards
Inventory management for crude oil receipts, deliveries, transfers, line fill, tank inventories, and gain/loss calculations
Financial accounting for crude oil transportation activities between receipt and delivery points
Preparation and distribution of system invoices with supporting operational documentation
Monthly operational reporting for pipeline and terminal activities
Customized reporting to meet each client's contractual, operational, financial, and regulatory requirements

VAS Pipeline Invoicing & Reporting

Our proprietary Volumetric Accounting Software (VAS) provides comprehensive pipeline accounting and invoicing, including:

Line fill calculations
Transportation fee calculations
Receipts by transaction type
Deliveries by transaction type
Gain/loss calculations
Line fill inventory reporting
Product loss allowance calculations
Adjustments for non-routine transactions and special charges
Secure electronic invoice distribution

VAS Terminal Invoicing & Reporting

VAS provides complete terminal inventory accounting and invoicing, including:

Opening tank inventories
Receipts by transaction type
Deliveries by transaction type
Gain/loss calculations
Closing tank inventories
Line fill inventories
Tank storage charge calculations
Adjustments for non-routine transactions and special charges
Secure electronic invoice distribution

VAS Operational & Regulatory Reporting

VAS generates detailed operational and management reports, including:

Meter Ticket Data Oneline Reports
Closing Inventory Reports
Terminal Activity Reports
Pipeline Carrier–Shipper Reports
Internal management reports
Customer reports
Multi-period reporting with Excel export capability for additional analysis

VAS also supports reporting for applicable regulatory requirements, including:

U.S. Energy Information Administration (EIA) Weekly and Monthly Crude Oil Stocks
Louisiana Department of Conservation and Energy Monthly Transporter (Form R-2)
PHMSA reporting requirements

Additional functionality includes future scheduling and nomination support.

Customized Solutions

Every pipeline and terminal operates differently. KTM Management customizes its volumetric accounting services, reporting, and proprietary VAS platform to meet each client's unique operational, contractual, and financial requirements. Our objective is to deliver accurate, timely, confidential, and transparent information that supports sound operational and financial decision-making.

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