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Jurisdiction Topic Area Date – Last Published Title Purpose

SK

Oil Valuation

Sept 13/17

Oil Valuation - Changes to Pipeline Split Functionality Affecting OVE003, OVE007, OV#008 Errors

This tip is to inform Industry that ECON has implemented a change to Petrinex that will cease the rolling up of cascade merge (CASMER) volumes for the purchaser oil valuation records. In addition, a details button has been added to the purchaser oil valuation records so that purchasers can view which cascaded volumes have been rolled up into the single oil valuation volume.

SK

Oil Valuation

June 29/17(Updated)

Implementation of the new Oil Valuation Error - OVE008 for the Province of Saskatchewan

This tip is to inform Industry that ECON has implemented a new chargeable oil valuation error - OVE008. The OVE008 non-compliance error will be generated when the difference between the gross price submitted by the Royalty Tax Payer and the gross price submitted by the Purchaser is greater than five cents.

SK

Oil Valuation

June 29/17(Updated)

Implementation of the new Oil Valuation Error - OVE007 for the Province of Saskatchewan

This tip is to inform Industry that ECON has implemented a new chargeable oil valuation error - OVE007. The OVE007 non-compliance error will be generated when the difference between the Petrinex auto-generated sales volume and the Purchaser submitted volume is greater than one cubic metre.

SK

Oil Valuation

June 26/17

$US/$Cdn Exchange Rate for Oil Valuation

To inform Industry that ECON has developed an exchange rate policy that can be used as an acceptable method to convert transaction prices from $US per barrel to $Cnd per cubic metre for Petrinex reporting purposes.

SK

Oil Valuation

Apr 7/17
(Updated)

Oil Valuation - OVE003 and OVE008 Errors May still Generate with Correct Reporting under Specific Volumetric Scenarios

To inform Industry that under very specific volumetric scenarios, coupled with specific pipeline split submissions, oil valuation errors OVE003 and OVE008 may be generated even when the Oil Valuation Royalty Tax Payer submissions are correct.

SK

Oil Valuation

Apr 7/17

Oil Valuation - OVE007 Error Troubleshooting

To advise Industry that under very specific volumetric scenarios an oil valuation errors OVE007 may be generated inadvertently and also to provide guidance to Industry with respect to how to properly eliminate the error.

SK

Oil Valuation

Sept 22/16

New Report that Identifies Pending or Pending Delete Records

To inform Industry that ECON has introduced a new report identifying pending (P) and pending delete (D) records in order to assist Industry with Oil Valuation reporting.

SK

Oil Valuation

Apr 25/16

Resumption of Oil Valuation (OVE) Errors

To inform Industry that the Ministry of the Economy (ECON) will be reinstating the issuance of penalties relating to OVE errors that were previously suspended as a result of a problem with the on-demand Oil Valuation Compliance and Balancing Report.

SK

Oil Valuation

Mar 8/16

Suspension of Oil Valuation (OVE) Errors

To inform Industry that the Ministry of the Economy (ECON) will be suspending the issuance of penalties relating to OVE errors until the on-demand Oil Valuation Compliance and Balancing Report is fixed.

This tip has been replaced with the tip dated April 25/16 under Tips - Current

SK

Oil Valuation

July 8/15

Implementation of Changes to the Purchaser's Oil Valuation Compliance and Balancing Report

To inform SK Petrinex users that a copy of the Oil Valuation (OV) Non-Compliance OVE003 errors that were previously only contained in the OV Royalty Tax Payer compliance and Balancing Report will now be included in the Purchaser's monthly OV Compliance and Balancing Report effective July 8, 2015.

SK

Oil Valuation

May 7/15
Updated

Oil Valuation - Suspension of OVE002 Errors

To inform Industry that the Ministry of Economy (ECON) will be suspending the issuance of penalties relating to all OVE002 errors generated at the reporting deadline for the November 2015 to March 2015 production months inclusive.

SK 

Oil Valuation 

Dec 20/13 

Shadow Billing for Non-Compliance Errors Will be Eliminated at the End of December 2013 

To remind stakeholders that the shadow billing period for all Pipeline Split  and Oil Valuation reporting errors will end on December 31, 2013. 

SK 

Oil Valuation 

Dec 9/13
Updated 

Related Business Associate Information Required for Enhanced Valuation Audit Program (EVAP) Participants 

To remind operators that will be impacted by the new EVAP to identify any Related Business Associate information in order to ensure that Petrinex functionality can accurately identify situations that trigger the requirement for an EVAP declaration 

SK 

Oil Valuation 

Dec 9/13
Updated 

Enhanced Valuation Audit Program

To inform users of a new ECON directive related to the new EVAP, inform users of new functionality introduced to Petrinex to support EVAP and provide BAs with high-level readiness recommendations associated with EVAP. 

SK 

Oil Valuation 

Jul 12/13 

Termination of Subsequent Purchaser and Sales to Subsequent Purchaser Functionality for Saskatchewan Users 

To inform users that commencing Aug 8th 2013 (effective with the Aug 2013 production month) oil valuation submissions related to Subsequent Purchaser and Sales to Subsequent Purchaser will no longer be required by ECON, and thus this functionality will no longer be available in Petrinex after this date.  Also to provide a high level introduction to a new Enhanced Valuation Audit Program (EVAP) currently being developed in Petrinex for implementation in Saskatchewan at a later date.

SK 

Oil Valuation 

Nov 27/12 

Reporting Requirements for Subsequent Purchaser, Sales to Subsequent Purchaser, Buy/Sell Agreements and Deliveries to Refineries 

To explain the reporting requirements with respect to Industry submissions of pipeline stream purchases, sales and deliveries to refineries. 

SK

Oil Valuation and Monthly Reporting - Volumetrics

July 20/12

Extension of Shadow Billing for All Saskatchewan Error Messages Other than Volumetrics

This tip is to inform SK users of an extensioin to the shadow billing period for all reporting errors with the exception of volumetric reporting errors for non-wste plants.  ECON also wants to clarify that errors for all producitoin months commencing with March 2012 must be corrected by the end of shadow billing for Industry to avoid being invoiced for penalties that will be payable within 30 days of invoice date.

SK

Oil Valuation and Month Reporting - Pipeline Splits

June 29/12
Updated

Process Change for Oil Pipeline Split and Valuation Management for Non-waste and Waste Plant Facilities 

 This tip informs SK users of a process change in reporting Oil Pipeline and Valuation Management at non-waste and waste plant facilities.


 

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