Get Eia Revised Down Global Oil Production Forecasts For 2023short-term Energy Outlook - U.s. Energy

Filling out the EIA Revised Down Global Oil Production Forecasts form is essential for providing projected production information necessary for revenue forecasting. This guide provides clear, step-by-step instructions to assist users in effectively completing the form online.

Follow the steps to successfully complete the form.

1. Click ‘Get Form’ button to access the necessary document and open it in your editor.
2. Select the 'OGM account' and navigate to the 'Return List' for the August filing period. Choose 'File Now' for the 'Oil and Gas Prod Forecast.' Proceed by clicking 'Next' after completing each tab.
3. In the Taxpayer Information Section, input the name and contact details of the individual designated to address any inquiries regarding the production forecast. The company name, ID, and address will normally fill in automatically.
4. If applicable, import data using a .xls or .xlsx file by clicking on the designated blue text. Should you prefer manual entry, simply click 'Next' at the bottom of the screen.
5. Input the participating areas by selecting the appropriate area, unit, and property code from the dropdown menu. If your company has no plans for sustained oil production over the next five years, check the corresponding box to bypass unnecessary data entry.
6. For each participating area, indicate the necessary original oil in place reserve estimate and end of property life information by selecting the relevant area link.
7. Enter the monthly production forecast for each month by providing the average daily oil production figures. Specify whether each month's forecast is included in the proved reserve estimate; a separate page will be present for each area.
8. For the annual production forecast, input the average daily oil production estimates for each calendar year and mark whether each forecast is tied to the proved reserve estimates.
9. Report any planned downtime expected through 2023 due to maintenance or facility expansions by selecting 'Add a Record' and inputting the requisite information. Note that multiple entries can be made for a single participating area.
10. Document any unplanned downtime experienced over the last two and a half years and expected for the next two years. Enter this as a percentage rather than a decimal.
11. Register any planned drilling activities, including appraisal and production wells, by selecting 'Add a Record' to provide the necessary details.
12. Capture details related to surface facility activities planned for the coming years, using 'Add a Record' to fill in the required information.
13. Record any enhanced recovery activities intended for 2023 by using 'Add a Record' to provide the pertinent details.
14. Enter information concerning any field expansions or contractions occurring in your leases or wells by selecting 'Add a Record.'
15. For any rigs under contract, choose 'Add a Record' to input the required information.
16. To attach supporting documentation, remember that this step is optional. Proceed to the next stage.
17. Finally, to submit the forecast information, ensure that all details are complete and accurate. Click 'Submit' and e-sign the submission with your Revenue Online password.
18. If amendments are needed post-submission, select 'Amend a return' from your Oil and Gas production tax Monthly account in Revenue Online.

Act now and complete your documents online efficiently.