Download:
pdf |
pdfFORM EIA-28
FINANCIAL REPORTING SYSTEM
Sch 5111
Sch 5110
EIA-28
Financial Reporting System
Sch 5100 -- Page 1 of 1
Instructions
2009 Reporting Year
Draft - July 2009
ii
Contents Page
Updates to Instructions for Reporting Year 2009 ................................................................................................................... iv
I. General Instructions ................................................................................................................................................................ 1
A. Purpose and Legislative Authority..................................................................................................................................... 1
B. Filing Requirements........................................................................................................................................................... 1
C. Other Filing Requirements................................................................................................................................................. 1
D. Confidentiality ................................................................................................................................................................... 1
E. Sanctions ............................................................................................................................................................................ 1
F. Data Entry .......................................................................................................................................................................... 2
G. Use of Exhibits .................................................................................................................................................................. 2
H. Amendments to FRS Reported Data.................................................................................................................................. 3
II. FRS Overview......................................................................................................................................................................... 4
A. Relation to Reporting Company's Accounting Principles.................................................................................................. 4
B. FRS Segments and FAS 14................................................................................................................................................ 4
C. Eliminations at More Than One Level............................................................................................................................... 4
D. FRS Segment Allocations and Nontraceable Columns...................................................................................................... 5
E. One-Line Consolidations.................................................................................................................................................... 5
F. Income Tax Expense .......................................................................................................................................................... 5
G. Petroleum Operations ......................................................................................................................................................... 8
H. Coal, Nuclear and Non-conventional LOB Operations ................................................................................................... 10
I. Downstream Natural Gas LOB Operations ....................................................................................................................... 12
J. Electric Power LOB Operations........................................................................................................................................ 14
K. Nonenergy Operations ..................................................................................................................................................... 15
L. Allocating Amounts to Geographic Areas ....................................................................................................................... 15
M. Significance Standards (Materiality)............................................................................................................................... 15
N. Operating Statistics and Financial Data ........................................................................................................................... 15
O. Corporate Acquisitions and Dispositions......................................................................................................................... 16
P. Discontinued Operations .................................................................................................................................................. 16
Q. Transactions In-Kind ....................................................................................................................................................... 16
R. Reporting Requirements for Energy Trading Contracts................................................................................................... 17
III. Schedule Instructions........................................................................................................................................................... 18
Schedule 5110 ....................................................................................................................................................................... 18
Schedule 5111 ....................................................................................................................................................................... 19
Schedule 5112 ....................................................................................................................................................................... 20
Schedule 5120 ....................................................................................................................................................................... 21
Schedule 5131 ....................................................................................................................................................................... 22
Schedule 5150 ....................................................................................................................................................................... 24
Schedule 5210 ....................................................................................................................................................................... 24
Schedule 5211 ....................................................................................................................................................................... 26
Schedule 5212 ....................................................................................................................................................................... 29
Schedule 5241 ....................................................................................................................................................................... 30
Schedule 5242 ....................................................................................................................................................................... 30
Schedule 5245 ....................................................................................................................................................................... 31
Schedule 5246 ....................................................................................................................................................................... 32
Schedule 5250 ....................................................................................................................................................................... 32
Schedule 5710 ....................................................................................................................................................................... 32
Schedule 5711 ....................................................................................................................................................................... 34
Schedule 5712 ....................................................................................................................................................................... 34
Schedule 5741 ....................................................................................................................................................................... 36
Schedule 5810 ....................................................................................................................................................................... 37
Schedule 5811 ....................................................................................................................................................................... 38
Schedule 5812 ....................................................................................................................................................................... 38
Schedule 5841 ....................................................................................................................................................................... 39
Glossary39
Index 61
iii
Updates to Instructions for Reporting Year 2009
See the following sections for updates:
Pages 8, 10 – The Production Segment and Other Energy line of business were updated. Nonconventional oil is no longer
part of Other Energy but should be reported as part of the Petroleum line of business, Oil and Gas Production Segment,
consistent with the Securities and Exchange Commission’s Modernization of Oil and Gas Reporting; Final Rule of January
14, 2009.
Page 13 (and elsewhere) – The Other Segment, consisting of liquefied natural gas, gas-to-liquids, and other gas processes not
reported elsewhere, was added to the Downstream Natural Gas line of business.
Pages 13, 14 (and elsewhere) – Transmission and Distribution were combined in both the Downstream Natural Gas and
Electric Power lines of business.
Page 22 - Schedule 5120 – “Other” columns were added.
Page 26 - Schedule 5210 – Line 3.50, Hedging/Derivatives, was added.
Pages 28-29 - Schedule 5211 – Foreign refining expenses were added.
Page 31 - Schedule 5212 – Foreign purchases and sales were added.
Page 33 - Schedule 5242 – Lines for Refinery Gross Inputs, Other Refinery Inputs, and Petroleum Consumed by Refineries
were added.
Page 35-36 - Schedule 5711 – Foreign expense detail was added.
Page 38 - Schedule 5741 – Revisions were made to reflect the separation of LNG from gas processing and the combination of
transmission and distribution.
Page 40 - Schedule 5812 – Revisions were made to reflect the removal of purchases of fuels and sales by type.
Page 40 - Schedule 5841 – Revisions were made to reflect the removal of capacity and generation by type, and transmission
and distribution data.
iv
EIA-28 Survey Instructions
I. General Instructions
A. Purpose and Legislative Authority
The legislative authority for the Energy Company
Financial Reporting System (FRS), Form EIA-28, is
provided by Section 205(h) of the Department of
Energy Organization Act of 1977 (Public Law 9591).
The data collected include revenues, profits, funds
flows, and investments in total, as well as by type of
energy (e.g., petroleum: coal, nuclear and nonconventional; downstream natural gas, electric
power; and non-energy) by function (e.g., producing,
refining/marketing, pipelines, and wholesale/retail
operations), and by geographic area. The data are
used to evaluate the competitive environment within
which energy products are supplied and developed
and to analyze the nature of institutional
arrangements as they relate to energy resource
development, supply, and distribution.
The
information is published annually in the report,
entitled Performance Profiles of Major Energy
Producers.
B. Filing Requirements
The FRS schedules are designed to collect
information for reporting periods that coincide with
the fiscal years of individual reporting companies.
Requests For Exception From Reporting
Requirements
Requests for exception from reporting requirements
should be made with the FRS program office at the
address on the following page. Appeals of FRS
program office decisions may be filed with the Office
of Hearings and Appeals, Department of Energy, in
accordance with the provisions of 10 CFR 205 (D).
Filing Due Dates
Reporting companies must file the form for the most
recent fiscal year by May 1st of each year.
Extensions of Time To File:
If the entire FRS form is not expected to be
completed by the due date, requests for a two week
extension will be considered if the Team Leader of
the Financial Reporting System has been notified in
writing at least one month in advance of the due date.
Such notification letter must detail why the due date
cannot be met.
1
C. Other Filing Requirements
Who Must File
The Administrator of the Energy Information Administration
has designated the major energy companies required to report.
Respondents have been notified of their reporting
requirements.
Certification
The FRS Certification Statement, on each of the submitted
copies, must be signed by an officer of the reporting company,
or a designee of an officer of the reporting company.
Where to File
Submit two (2) copies of the completed Form EIA-28,
supporting documentation and exhibits via express mail to the
following address:
U.S. Department of Energy
Financial Reporting System, EI-62
Forrestal Building, Rm 2G-090
1000 Independence Avenue, S.W.
Washington, D.C. 20585
(WARNING: any electronic media will be ruined by security
processing of incoming regular U.S. mail)
D. Confidentiality
Prior to conducting each annual FRS (Form EIA-28) survey,
companies are selected based on criteria established by EIA
that are applied to publicly available information. The
selection criteria can be viewed on the EIA Web site at
http://www.eia.doe.gov/emeu/perfpro/appenda.html#criteria.
The names of the companies selected in this manner are not
confidential and will be publicly released.
The information you provide will be used for statistical
purposes only. In accordance with the Confidential
Information Protection provisions of Title 5, Subtitle A, Public
Law 107-347 and other applicable Federal laws, your
responses will be kept confidential and will not be disclosed in
identifiable form to anyone other than employees or agents
without your consent. By law, every EIA employee as well as
every agent has taken an oath and is subject to a jail term, a
fine, or both if he or she makes public ANY identifiable
information about you.
E. Sanctions
The timely submission of Form EIA-28 by those required to
report is mandatory under Section 13 (b) of the Federal
Energy Administration Act of 1974 (FEAA) (Public Law 93275), as amended. Failure to respond may result in a civil
penalty of not more than $2,750 per day for each violation, or
a fine of not more than $5,000 per day for each willful
EIA-28 Survey Instructions
violation. The government may bring a civil action
to prohibit reporting violations that may result in a
temporary restraining order or a preliminary or
permanent injunction without bond. In such civil
action, the court may also issue mandatory
injunctions commanding any person to comply with
these reporting requirements.
The eliminations columns on the income statements (5110,
5210, 5710 and 5810) must be bracketed.
In the income statements (5110, 5210, 5710 and 5810) items
reported under the caption "other revenue and expense" are
bracketed if they are debits, and un-bracketed if they are
credits. This particular exception is indicated on the face of
the schedule.
Title 18 U.S.C. 1001 makes it a criminal offense for
any person knowingly and willingly to make to any
Agency or Department of the United States any false,
fictitious, or fraudulent statements as to any matter
within its jurisdiction.
Items in the cash flow statement (5131) are bracketed, if they
are decreases in cash flow, and un-bracketed, if they are
increases.
F. Data Entry
Rounding
The investment tax credit and foreign tax credits reported on
5112/02, 14, 27 & 28/A will be bracketed, as well as line 29,
statutory depletion. Effects of the Alternative Minimum Tax
(AMT) on 5112/3, 15, & 30/A will be bracketed if the effect is
a reduction in income tax expense.
All dollar amounts must be rounded to the nearest
million. All physical amounts (including barrels,
cubic feet, tons, acres, pounds, MW, Mwh, etc.) must
be rounded to the nearest thousand and expressed in
thousands of units unless otherwise noted on the
reporting schedule. The specific requirements are
indicated on each schedule.
In rounding, for
example, 2,533,500 tons must be reported as 2,534 M
tons; similarly, 57,498,680,000 cubic feet must be
reported as 57,499 MMCF. Quantities of wells are
not rounded, but are expressed to the nearest tenth of
a well. Miles of transmission and distribution assets
should be rounded to the nearest whole mile.
Estimates
Where the reporting company's records cannot
produce data in the fashion required by FRS, use of
estimates is encouraged if the respondent feels a
meaningful estimate can be made without significant
distortion of results. Where estimates are used,
attach an explanation as part of Exhibit B identifying
where estimates are used and indicating how such
estimates were made. If there is any doubt, contact
the FRS staff.
Sign Conventions (Use of Brackets)
Except for the instances noted below, all amounts
entered should be positive (i.e., not bracketed),
regardless of whether they are revenues, expenses,
assets or liabilities. Brackets should be used to
indicate when an item is the opposite of what is
indicated on the line's title. For example, the line on
the income statements entitled "income tax expense"
would be bracketed only if the tax
were negative (e.g., a credit), such as in the case of a
net operating loss in one of the segments.
The exceptions to this rule are as follows:
2
In the statistical schedules, where movements between
beginning of year and end of year balances are reported, those
items representing reductions in the opening balances should
be bracketed. Examples are sales of minerals in place,
capacity reductions, and downward revisions of previous
estimates.
G. Use of Exhibits
The following information must be attached as exhibits:
Exhibit A.
Background information on the company's
accounting and financial reporting practices should include the
following:
If equity income is recognized in accounts other than line
07.00 of Schedule 5110, see the section of the instructions
entitled "FRS Overview: One-Line Consolidations," and
provide a complete explanation of the amounts and financial
statement accounts involved.
Exhibit B. Supplemental analysis of items appearing in the
financial schedules where required, if there is insufficient
room on the bottom margin of the particular schedule.
Specific information which should be included in Exhibit B is
described throughout the instructions.
Exhibit C. Summaries and explanations of eliminations made
in FRS consolidations, not covered on Schedule 5150 and
5250.
Exhibit D. Explain the nature of amounts included in the
non-traceable columns.
Exhibit E. The reporting company's SEC Form l0-K and two
copies of its audited financial statements are requested.
EIA-28 Survey Instructions
Exhibit F. Any other information or explanations
the reporting company believes are needed to
understand its reported FRS data.
Each exhibit must be clearly labeled to indicate the
specific item of data (schedule, line, and column) for
which a supplementary explanation is provided.
Also, mark an "X" in the "footnote" column on each
schedule to indicate that a supplementary explanation
has been provided for an item of data on that line.
If an amended filing is required, submit only those pages
affected. Identify the change(s) on each page by circling the
changed or new data elements. In addition, the letter
accompanying the amendment should provide the reason(s)
for the change(s).
H. Amendments to FRS Reported Data
Circumstances
An amended FRS report must be filed if: (a) there
has been a determination that information previously
filed is materially inaccurate or misleading (see the
section of the instructions entitled "FRS Overview-Significance Standards"), or (b) financial or statistical
reporting standards are changed, rendering prior
reports non-comparable to current reports.
In the case of changes in statistical reporting
standards imposed by the Federal Government,
amendments must be filed for the year of the change
and one preceding year.
3
Since an FRS filing covers only 1 year, sufficient reports must
be filed to amend all prior years affected. This will be limited
to 5 years, unless unusual circumstances exist. If a significant
burden is foreseen, consultation with the FRS staff is
recommended at the beginning.
When Due
In the case of (a) above, the amendment is due within 90 days
of such determination. In the case of (b) above, the
amendment is due at the time of filing the first report
embodying the new reporting principle(s).
Each exhibit must be clearly labeled to indicate the specific
item of data (schedule, line, and column) for which a supplementary explanation is provided. Also, mark an "X" in the
"footnote" column on each schedule to indicate that a supplementary explanation has been provided for an item of data on
that line.
EIA-28 Survey Instructions
II. FRS Overview
A. Relation to Reporting Company's
Accounting Principles
In completing the FRS schedules, reporting
companies should follow the accounting principles
they currently use to prepare their annual certified
financial statements. However, there are some
exceptions covered in the following sections. (See
especially section N, if you have acquired a company
or if the FRS reporting company has itself been
acquired during the reporting period.)
All of the detailed FRS financial schedules aggregate
up into Schedule 5110. Specifically, Schedules 5110
and 5120 contain a "consolidated" column,
representing the reporting company's certified
consolidated financial statements. However, there
may be some differences between the FRS line items
in this column and the classifications in the reporting
company's published financial statements. Such
differences must be explained and reconciled on a
separate sheet of paper attached as part of Exhibit B.
B. FRS Lines of Business/Segments and
FAS 131
The FRS is designed to present a company's
operations as separate functional “lines of business”
and “segments” within a “line of business (LOB),” as
though each were a separate entity, entering into
transactions with other LOBs, segments and third
parties.
In FRS, the reporting company's
consolidated financial statements are disaggregated to
separate financial statements for each applicable
"functional line of business."
Although similar to FAS 131, the FRS goes beyond
FAS 131 in that the FRS segments are often further
disaggregations of a line of business defined pursuant
to FAS 131. In all other respects, the principles
outlined in FAS 131 should be followed for FRS
purposes.
C. Eliminations at More Than One Level
The reporting company may not have a separate
entity for consolidation purposes corresponding to
each of the FRS LOBs. Therefore, to complete the
FRS schedules, it may be necessary to disaggregate
information from specific operations within the
reporting company's consolidation into the FRS functional lines of business and then perform a new
consolidation based on the FRS LOBs , including
4
appropriate eliminations at each level of sub-consolidation
(schedules 5210, 5710, and 5810) as required. See Schedule
5150 that summarizes the major inter-LOB eliminations.
In preparing FRS eliminations, two factors must be kept in
mind. First, the FRS LOBs are not consolidated all at once.
For example, the three foreign petroleum segments are first
consolidated on Schedule 5210, page 2 of 2 and then these
consolidated foreign petroleum segments are consolidated
with the consolidated domestic petroleum segments on the
same schedule, page 1 of 2. Finally, the consolidated
petroleum LOB is consolidated with the other lines of business
of the reporting company on Schedule 5110.
Therefore, there are three levels of consolidation for petroleum
and other LOB financial statements; eliminations must be
developed separately for each level of consolidation.
In establishing segments and determining appropriate eliminations, the second factor to keep in mind is that certain FRS
rules for defining what business functions are within each of
the defined segments must be observed.
Some examples of where to report eliminations are as follows:
Eliminations reported on Schedule 5110 in column B are only
the eliminations arising from transactions between Petroleum,
Coal, Nuclear and Non-conventional, Downstream Natural
Gas, Electric Power, and Nonenergy (Schedule 5110 columns
D through H, respectively). Eliminations arising from
transactions within these columns must be reported on the
appropriate schedule (i.e., 5210, 5710, 5810).
Within the Petroleum LOB, eliminations arising from
transactions between the Domestic Production Segment
(column E), the Domestic Refining/ Marketing Segment
(column F), and the Domestic Pipeline Segment (column G)
must be reported on Schedule 5210 in column D.
Within the Petroleum LOB, eliminations arising from
transactions between the Foreign Production Segment
(Column J), the Foreign Refining/Marketing segment (column
K) and the International Marine segment (Column L) must be
reported on Schedule 5210 in Column I.
Within the Petroleum LOB, eliminations arising from
transactions between the total Consolidated Domestic
operations (column C) and the total Consolidated Foreign
operations (column H) must be reported on Schedule 5210 in
column B.
Eliminations arising from transactions between the domestic
segments within the Downstream Natural Gas LOB must be
reported on Schedule 5710 in column D, and eliminations
between foreign and domestic are reported in column B.
EIA-28 Survey Instructions
Eliminations arising from transactions between
segments within the Electric Power LOB must be
reported on Schedule 5810, column D for domestic,
and eliminations between foreign and domestic are
reported in column B.
Exhibit A. This description of accounting method(s) must
identify the specific account(s) and amounts in both the
consolidated and segment financial statements that are
reflected by the "one-line" consolidation and the dollar
amounts involved.
Eliminations arising from transactions between the
Downstream Natural Gas LOB and the Electric
Power LOB must be reported on Schedule 5110 in
column B.
F. Income Tax Expense
Eliminations arising from transactions between the
Electric Power LOB (column G) and the Non-energy
LOB (column H) must be reported on Schedule 5110
in column B.
Eliminations arising from transactions between the
Petroleum LOB and the Downstream Natural Gas
LOB must be reported on Schedule 5110 in column
B.
D. FRS LOB/Segment Allocations and
Non-traceable Columns
In disaggregating consolidated financial statements
for FRS, most items of revenue and expense can be
readily assigned to a particular functional line of
business and/or segments. However, there will be
some items (such as general corporate items) that
may be more difficult to assign to a particular
LOB/segment. If, on the basis of operating realities,
these items cannot be assigned, they should be
reported as non-traceable. It is the function of an
item and not its geographic location that determines
how it should be reported (i.e., within an FRS
LOB/segment or as non-traceable). That is, some
expenses occurring at the corporate office location
may in fact be assignable to a particular FRS
LOB/segment and therefore should be assigned
appropriately.
Schedule 5112 – Analysis of Income Taxes
Schedule 5112 includes a complete analysis of income taxes at
the corporate level, not by functional line of business or
segments within an LOB. The amount reported on line 19,
column A (Income Tax Expense) is equal to the amount
reported on schedule 5110, line 16. This income tax expense is
also required for each LOB and each segment within an LOB.
A separate schedule should be completed in order to determine
these amounts.
LOB/Segment Income Tax Expense Assignment
Income tax expense is a very significant item of corporate
expense and is determined to a great degree by the operations
of particular LOB/segment. That is, items such as operating
profits and losses, investment tax credits, and foreign tax
credits can each be identified with individual LOBs/segments.
It is an objective of FRS to show the tax impacts of such items
within each LOB/segment. Each segment reporting an
operating profit or loss must also report an income tax expense
or benefit.
Therefore, the basic principle underlying the determination of
income tax expense for individual FRS LOBs/segments is that
each and every component of consolidated income tax
expense must either be identified with and allocated to a
particular LOB/segment or be classified as non-traceable. The
objective is to achieve an income tax expense for each
individual LOB/segment that reflects the benefits accruing to
the consolidated entity in the LOB/segment where the benefits
are generated.
In general, the following steps will be necessary to determine
income tax expense for each LOB/segment:
E. One-Line Consolidations
In the absence of a specific FRS staff interpretation to
the contrary (companies have been individually
notified
of
these
exceptions),
"one-line"
consolidations of equity in affiliate earnings should
be reflected in FRS submissions in the same way they
are reflected in the reporting company's published
financial statements. For example, if such equity in
earnings is reflected as a reduction in cost of raw
materials acquired, then it should be reflected as such
in the FRS income statements and in any supporting
schedules.
A detailed description of the method(s) of accounting
for such affiliates must be provided as a part of
5
Classify the permanent differences according to the
LOB/segment in which they originate. For tax calculation
purposes, the non-traceable classifications are considered a
unique LOB/segment and should be assigned amounts that
cannot be associated with the operating LOB/segments.
Ascertain taxable income for each LOB/segment.
Allocate a pro-rata portion of consolidated U.S. income tax
expense before credits to each LOB/segment on the basis of
the ratio that a particular LOB/segment's taxable income bears
to the consolidated entity's taxable income.
If a
LOB/segment's taxable income is negative and the
consolidated entity has a positive tax expense, the
LOB/segment must reflect a negative tax expense.
EIA-28 Survey Instructions
conflict as part of Exhibit F and/or contact the FRS staff to
discuss the matter.
Foreign income tax expense will usually be attributable to a
subsidiary that is in a single FRS LOB/segment. If not, an
allocation will have to be made based on the applicable
taxable income of the subsidiary split on a LOB/segment
basis.
Apply the tax credits that are utilized by the
consolidated entity against the tax expense of the
LOB/segments where they are generated. Tax credits
generated that cannot be utilized by the consolidated
entity due to limitations are carried forward. If and
when recognized by the consolidated entity, they
must be reflected as a tax benefit in the LOB/segment
where they were originally generated.
If unusual circumstances occur which would generate
LOB/segment income tax results that are unreasonable,
contact the FRS staff to discuss the matter.
As part of Exhibit B, provide a reconciliation to the
statutory rate for each domestic LOB/segment where
the effective tax rate is more than 5 percentage points
different from the statutory (U.S.) rate.
The Corporate Alternative Minimum Tax (AMT) amount
should not be allocated. Net alternative minimum tax (AMT
less the effect of AMT on deferred taxes) normally should be
$0. However, if this computation results in a value other than
$0, this amount should be reported in the nontraceable
ssegment.
Below are listed some additional principles which
apply to the allocation of tax expense to the
LOB/segments:
The following example illustrates
LOB/segment income tax expense.
None of the tax expense allocation principles are
intended to affect consolidated income tax expense.
If, however, there appears to be some conflict caused
by these principles, include a note explaining the
Year # 1:
FRS
treatment
Tax Allocation Example
Pre-tax income (loss).........
Consolidated
(a)
80.0
Nontraceable
(b)
(20.0)
Petroleum
(c)
200.0
Coal
(d)
(100.0)
Income tax expense:
Before tax credit ..................
Tax credit recognized ..............
Net income tax expense ....
Net income (loss) ...........
40.0
20.0
20.0
60.0
(10.0)
-.
(10.0)
(10.0)
100.0
6.6
93.4
106.6
(50.0)
13.4
(63.4)
(36.6)
Tax credit:
Generated .................
Recognized ................
Carried forward ...........
30.0
20.0
10.0
10.0
6.6
3.4
20.0
13.4
6.6
-.
-.
-.
Year # 2:
Pre-tax income (loss) .......
180.0
(20.0)
250.0
(50.0)
Income tax expense:
Before tax credit ..................
Tax credit recognized ..............
Net income tax expense ....
Net income (loss) ...........
90.0
45.0
45.0
135.0
(10.0)
2.7
(12.7)
(7.3)
125.0
27.4
97.6
152.4
(25.0)
14.9
(39.9)
(10.1)
Tax credit:
Generated .................
Used this year ............
Carried forward to next year .....
Carried forward from previous year ......
40.0
35.0
5.0
10.0
3.0
2.7
0.3
-.
27.0
24.0
3.0
3.4
10.0
8.3
1.7
6.6
6
of
EIA-28 Survey Instructions
Utilized this year* .......
10.0
Carried forward to next year ...............
-.
*Amounts of tax credit recognized this year, which
are carried forward from a previous year, are
recognized pro-rata based on amounts originally
generated.
7
-.
-.
3.4
-.
6.6
-.
EIA-28 Survey Instructions
G. Petroleum Line of Business
The Petroleum Line of Business includes the
exploration, development, and production of raw
materials; refining and marketing of raw materials
and refined products, and the transportation of these
products.
Segments
To ensure the collection of comparable data for the
FRS, standardized petroleum segments are
established with rules to govern inter-segment
transactions. This is necessary because of the
diversity in the ways companies organize their raw
material and refined product supply and distribution
functions.
and refining done in their respective domestic and foreign
areas.
Therefore reporting companies having foreign
operations in the foreign sector must report an FRS foreign
refining/marketing segment--but there is an exception.
The exception to this rule occurs when all of the following
three conditions are present:
there are no foreign refining operations;
all foreign purchases of raw materials and refined products are
for domestic import; and
all foreign equity production of the company is for domestic
import.
In such cases a foreign refining/marketing segment need not
be established for FRS. However, Schedule 5245 must be
completed in any case.
The segments established in FRS to reflect petroleum
operations are:
General Rules
Domestic:
The segments within the Petroleum line of business are
separate profit centers and buy and sell products and services
according to FRS definition.
Domestic Production Segment
Domestic Refining/Marketing Segment
Pipelines Segment
Raw materials are classified as crude oil, natural gas liquids,
natural gas, and other petroleum raw materials. See Glossary
for detailed definitions.
Foreign:
Foreign Production Segment
Foreign Refining/Marketing Segment
International Marine Segment
The production segments include exploration,
development, and production operations up to and
including the lease tank but excluding the natural gas
processing plants as these are reported in the
Downstream Natural Gas line of business.
Thereafter, begin the refining/ marketing segments,
in that transportation operations, except pipelines
(interstate and intrastate) and international marine,
are classified by FRS as refining/marketing. Pipelines
include crude oil and refined product pipelines.
Natural gas pipelines and natural gas liquids pipelines
are reported in the downstream natural gas line of
business.
Starting in the 2009 reporting year, nonconventional
oil (oil sands) should be reported in the Production
Segment, consistent with the Securities and Exchange
Commission’s Modernization of Oil and Gas
Reporting; Final Rule of January 14, 2009.
The refining/marketing segments (foreign and
domestic) each contain a supply and distribution
function, and handle all the buying, selling, trading
8
Refined products are classified as motor gasoline, distillate
fuels, and other refined products. See Glossary for detailed
definitions.
Transfers (i.e., sales) of raw materials and refined products
between segments are valued at arms-length market prices or,
if there are no comparable arms-length transactions, at field
posted prices. However, if any third-party sales of particular
raw material streams are made at prices below posted prices,
then the lower prices should be used.
Supply, trading, and transportation (as noted above) operations
are downstream activities, i.e., they are included within the
Domestic Refining/Marketing segment and the Foreign
Refining/Marketing Segment.
Transportation expenses are incurred by the purchasing
segment. For example, the Domestic Refining/Marketing
Segment must value the raw material or refined product it
acquires from the Foreign Refining/Marketing Segment at its
f.o.b. shipping point cost and report this amount as a part of
purchases on Schedule 5212.
An export sale from the U.S. is a sale shipped f.o.b.
destination to a foreign location, i.e., if a sale is made f.o.b.
destination to a domestic location, it is a domestic sale even
though the goods may ultimately be shipped overseas by the
purchaser.
EIA-28 Survey Instructions
A domestic purchase is a purchase made from
domestic sources, even though the purchased goods
may be of foreign origin; the point of purchase and
not the source of production is the determining factor.
Following is a table to use in determining whether a
particular line of business or business segment can
purchase from or sell raw materials or refined
products to another part of the consolidated company
or to a third party:
All natural gas and natural gas liquids production must be sold
to the processing, marketing/trading, or distribution segment
of the Natural gas line of business. Any natural gas or natural
gas liquids which will be used by the company in refining
operations must be sold from the production segment to the
refining/marketing segment of the petroleum line of business.
This is the only time in which the refining/marketing segment
is allowed to purchase natural gas and natural gas liquids from
the production segment.
Rules for Raw Materials and Refined Products Purchases and Sales
Purchases By:
Commodity
Crude Oil
Natural Gas
LNG
NGLs
Refined Products
Sales By:
Production
Produc- Rfng/
tion
Mrktng
Y
FOU
N
FOU
N
DNG
N
Y
N
Y
N
Other
Consol
N
N
N
N
N
3rd
Party
N
N
N
N
N
FOU
N
N
N
FOU
FOU
N
N
N
FOU
Y
N
N
N
Y
N
FOU
FOU
FOU
N
N
Y
Y
Y
N
Crude Oil
Natural Gas
LNG
NGLs
Refined Products
Refining/
Marketing
FOU
N
N
N
FOU
Crude Oil
Natural Gas
LNG
NGLs
Refined Products
Downstream
Natural Gas
N
FOU
FOU
FOU
N
N
FOU
FOU
FOU
N
Crude Oil
Natural Gas
LNG
NGLs
Refined Products
Other
Consolidated
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
Third Party
N
N
N
N
N
Y
N
N
N
Y
N
Y
Y
Y
N
Crude Oil
Natural Gas
LNG
NGLs
Refined Products
N
N
N
N
N
N
N
N
N
N
FOU = For own use.
Production Segment Rules
The production segment includes exploration,
development, and production operations up to and
including the lease tank but excluding the natural gas
processing plants as these are reported in the
Downstream Natural Gas line of business.
The domestic and foreign production segments
produce crude oil, natural gas liquids, natural gas,
and other raw materials. Total production is reported
on Schedule 5246, with crude oil and natural gas
liquid combined on Line 06.00 and natural gas on
Line 17.00.
All domestic crude oil production (except for own
production used for production purposes) must be
sold by the Domestic Production Segment to the
Domestic Refining/Marketing Segment of the
Petroleum Line of Business; the Domestic Production
Segment cannot sell crude oil to third parties.
9
Refining/Marketing Segment Rules
The refining/marketing segments (foreign and domestic) each
contain a supply and distribution function, and handle all the
buying, selling, trading and refining done in their respective
domestic and foreign areas. Therefore reporting companies
having foreign operations in the foreign sector must report an
FRS foreign refining/marketing segment--but there is an
exception.
The exception to this rule occurs when all of the following
three conditions are present:
There are no foreign refining operations;
All foreign purchases of raw materials and refined products
are for domestic import; and
All foreign equity production of the company is for domestic
import.
In such cases a foreign refining/marketing segment need not
be established for FRS. However, Schedule 5245 must be
completed in any case.
The refining/marketing segments, include transportation
operations, except pipelines (interstate and intrastate) and
international marine. Pipelines include crude oil and refined
product pipelines. Natural gas pipelines and natural gas liquids
pipelines are reported in the downstream natural gas line of
business.
All domestic crude oil and refined product purchases from
third parties and unconsolidated affiliates must be made by the
Domestic Refining/Marketing Segment of the Petroleum Line
of Business. The Domestic Refining/Marketing Segment
cannot purchase natural gas or natural gas liquids from third
parties.
With the exception (noted above) of companies: (a) having no
foreign refining, (b) importing all foreign purchases, and (c)
importing domestically all foreign equity production, the
following rules must be observed:
All foreign crude oil production (except for own production
used for production purposes) must be sold by the Foreign
EIA-28 Survey Instructions
Production
Segment
to
the
Foreign
Refining/Marketing Segment of the Petroleum Line
of Business; and the Foreign Production Segment
cannot sell crude oil to third parties.
The other energy line of business includes coal, nuclear, and
other (geothermal, solar, biomass energy conversion, other
energy activities not reported elsewhere).
Coal Operations
All foreign crude oil and refined product purchases
from third parties and unconsolidated affiliates must
be made by the Foreign Refining/Marketing Segment
of the Petroleum Line of Business. The Foreign
Refining/Marketing Segment cannot purchase natural
gas or natural gas liquids from third parties.
All domestic source crude oil and refined products to
be sold abroad must first be reported as a sale from
the Domestic Refining/Marketing Segment to the
Foreign Refining/Marketing Segment, and then as a
sale by the Foreign Refining/Marketing Segment to
the actual foreign purchaser.
All foreign source crude oil and refined products to
be sold in the U.S. must first be reported as a sale
from the Foreign Refining/Marketing Segment to the
Domestic Refining/Marketing Segment, and then as a
sale by the Domestic Refining/Marketing Segment to
the actual domestic purchasers.
Natural Gas and Natural Gas Liquids
Rules
Report consolidating results of domestic and foreign coal
operations as recorded in the company's certified financial
statements. Refer to the Glossary for definition of activities
considered as domestic or foreign.
Some companies have Coal mining operations, whose
principal activity is the production of coal for commercial
sales to unconsolidated affiliates and unaffiliated third parties.
Other companies have Coal mines that are integrated into their
other operations (e.g., electric generation and steel
manufacturing); the coal produced is used principally to
support and fuel these other operations. For FRS, coal
operations are profit centers (one domestic and one foreign)
and must be reported in the coal, nuclear, and nonconventional line of business and on Schedule 5341. "Sales"
of coal to a company's own steel segment, for example, must
be priced at an estimated market price.
Operating Revenues. Report all operating revenues of the
Coal segment on schedule 5110. The amount reported must
not be reported net of items such as royalties, Federal levies
for reclamation and black lung, and severance taxes. Provide
as part of Exhibit F a reconciliation of any differences
between the amount reported here and the amount reported in
the company's certified financial statements.
See Section I, Downstream Natural Gas operations.
Pipeline Segment Rules
FRS establishes a pipeline segment. The pipelines
included in this segment are all crude oil and refined
product pipeline operations (interstate and intrastate),
which are included in the reporting company's
consolidated financial statements. Natural gas and
natural gas liquids pipelines are part of the
downstream natural gas line of business. The
Pipeline segment is a transport service only and never
takes possession of the petroleum product(s).
Equity Affiliate Reporting Requirements
Those companies that publicly disclose Financial
Accounting Standard (FAS) 69 supplementary oil
and gas information for the total of their equity
investments'
upstream
expenditures,
drilling
activities, reserves, and production, are required to
report this information on a subset of Form EIA-28
by the geographical regions of Schedules 5211, 5241,
and 5246. The survey form instructions for the
equity affiliate schedules are the same as contained
herein.
H. Other Energy LOB Operations
10
Include the value of coal purchased and resold (brokerage
sales). Do not include the value of coal production used
during the production process. Do include the value of coal
sales netted against capitalized development expenditures.
Report as other operating revenues items such as cash
royalties, rentals, delay rentals, and fees from contract mining
and processing.
General Operating Expenses. Report expenses incurred
during the production and processing stage. Include all
royalties and other payments out of production.
Do not include the amortization of prior period production and
processing costs. The amortization of these items must be
reported as DD&A on Schedule 5110, line 03.00.
Production expenses include labor, extensions of mining
facilities and equipment, maintenance and repairs, operating
supplies, expenditures for tracks, conveyors, electric cables,
drainage, ventilation shafts, and access roads, if expensed.
Include the cost of coal produced by others for own account
and the expenses incurred to produce and process coal for the
account of others.
EIA-28 Survey Instructions
Include all expenses associated with the preparation
and processing of coal. Include costs incurred to
crush, sort, clean, or otherwise process coal to the
point of shipment.
Report the cost of coal purchased for resale from
domestic and foreign sources.
Report all other general operating expenses not
included above. Include: selling expense (e.g., the
general operating expenses of consolidated sales
subsidiaries); long distance transportation expenses
incurred for delivering coal f.o.b. destination if such
expenses are recognized by the company; carrying
costs of undeveloped properties; exploration and
development; reclamation expenses; black lung
benefits; severance and other taxes.
Refer to the instructions for Schedule 5110 for
definitions applicable to the remaining lines.
Nuclear Energy Operations
Report income statement information on the
company's domestic and foreign operations in the
following industries on schedule 5110:
The FRS reporting convention for nuclear fuel
operations within other energy covers the following
nuclear fuel cycle activities:
Uranium exploration and development
Uranium mining
Milling
Conversion
Enrichment
Fabrication
Reprocessing
Spent fuel storage
segments of the reporting company must be valued at market
prices.
Report sales of uranium ore, including uranium from solution
(in situ) mining.
Report all other nuclear sales. Include sales of all other
uranium-bearing materials such as mill tailings.
Include the service fees of nuclear fuel services sold. Include
nuclear fuel services sold to domestic and foreign
unconsolidated affiliates and unaffiliated third parties.
Nuclear fuel services provided by the Domestic Nuclear Fuel
Segment to other domestic and foreign segments of the
reporting company must be valued at market prices.
Include sales of mining services, including solution (in situ)
mining; milling services, including conventional milling of ore
to produce U3O8 concentrate, leaching of mill tailings, and
U3O8 recovery from other uranium-bearing materials;
conversion services; enrichment services (e.g., service fees
earned operating enrichment facilities for the U.S.
Government); fabrication services; reprocessing services;
spent fuel storage services; and all other sales of services
associated with the nuclear fuel cycle.
General Operating Expense. Report the expenses incurred
for exploratory drilling and other costs of exploration.
Include expenses incurred for drilling in search of new mineral
deposits or extensions to known ore deposits and for drilling at
the location of a discovery up to the time that the company
decides that sufficient ore reserves are present to justify
commercial exploitation.
Include direct drilling expenses and all expenses incident to
exploratory drilling such as drill roads, site preparation,
geological and other technical support, and sampling and drill
hole logging.
Refer to glossary for specific terms.
Refer to the Glossary for definition of activities
considered as domestic or foreign.
Do not include capitalized exploratory or development drilling
expenditures.
Report the expenses incurred to mine uranium ore.
Operating Revenues. Report the revenues from the
nuclear fuel products and services as indicated below.
Report the revenues of nuclear fuel products sales
according to the following categories.
Include sales to domestic and foreign unconsolidated
affiliates and unaffiliated third parties.
Nuclear fuel products transferred by the Domestic
Nuclear Fuel Segment to other domestic and foreign
Report the production expenses for open-pit mining,
underground mining, and (in-situ) mining.
Include expenses for labor, extensions of mining facilities and
equipment, backfilling excavated areas, maintenance and
repairs, operating supplies, expenditures for tracks, conveyors,
electric cables, drainage, ventilation shafts, and access roads
(if expensed), and royalties and other payments out of production.
Include expenses for hauling uranium ore to the mill.
11
EIA-28 Survey Instructions
Include the cost of uranium ore mined by others for
own account and the expenses incurred to mine
uranium ore for the account of others.
Processing Segment
Marketing/Trading Segment
Transmission/Distribution Segment
Other (LNG, GTL)
Include in production expenses the expenses incurred
to process and treat uranium-bearing materials to
produce U3O8.
Note that on Schedules 5710 through 5712, foreign operations
are reported on a consolidated basis in the Consolidated
Foreign segment.
Include the expenses associated with the production
of U3O8 concentrate from conventional milling,
leaching of mill tailings, and U3O8 recovery from
phosphoric acid, copper dumps, and other uraniumbearing materials.
Relationship to Production Segments of the Petroleum
Line of Business. All domestic natural gas and natural gas
liquids production (except that used for production purposes)
must be sold by the Domestic Production Segment of the
Petroleum line of business to the segments of the Downstream
Natural Gas line of business, unless the products will be used
in the company’s refining operations. Natural gas liquids and
natural gas used by the company in refining operations may be
sold by the Domestic Production Segment to the Domestic
Refining/Marketing Segment of the Petroleum line of
business. Note that the Domestic Refining/Marketing Segment
cannot sell natural gas or natural gas liquids and can only
purchase natural gas or natural gas liquids used in the refining
operations. The Domestic Production segment cannot sell
natural gas or natural gas liquids to third parties and
unconsolidated affiliates or purchase natural gas or natural gas
liquids from third parties and unconsolidated affiliates.
Include expenses for labor and materials; weighing,
sampling and assaying the uranium-bearing material
received; processing of the material for treatment in
the plant; treating, extracting, and recovering the
uranium; and drying and packaging.
Include the costs of milling done by others for own
account and the expenses incurred for toll milling
(i.e., milling for the account of others).
Include the costs of nuclear fuel products purchased.
Include the costs of products purchased for resale and
products purchased for processing.
Include
purchases of uranium ore, U308 concentrate, uranium
hexafluoride, enriched uranium, nuclear fuel
assemblies, and other uranium-bearing materials.
Report all other general operating expenses not
included above. Include selling expenses (e.g., the
general operating expenses of consolidated sales
subsidiaries). Include: long distance transportation
expenses incurred for delivering products f.o.b.
destination, if recognized by the company; inventory
changes; and taxes other than income taxes.
Refer to the instructions for Schedule 5110 for
definitions applicable to the remaining lines.
I. Downstream Natural Gas LOB
Operations
Segments
To ensure the collection of comparable data for the
FRS, standardized downstream natural gas segments
are established with rules to govern inter-segment
transactions. The segments established in FRS to
reflect downstream natural gas operations are:
Domestic and Foreign:
12
All foreign natural gas and natural gas liquids production
(except that used for production purposes) must be sold by the
Foreign Production Segment of the Petroleum line of business
to the Consolidated Foreign segment of the Downstream
Natural Gas line of business, unless the natural gas or natural
gas liquids will be used in the foreign refining operations.
Natural gas and natural gas liquids used in foreign refining
operations must be purchased by the Foreign
Refining/Marketing Segment from the Foreign Production
Segment. The Foreign Refining/Marketing Segment cannot
sell natural gas or natural gas liquids and can only purchase
that which is expected to be used in foreign refining
operations. The Foreign Production segment cannot sell
natural gas or natural gas liquids to third parties and
unconsolidated affiliates or purchase natural gas or natural gas
liquids from third parties and unconsolidated affiliates.
Companies with domestic natural gas production that would
otherwise not report in a domestic segment of the Downstream
Natural Gas line of business should report natural gas sales
from Schedule 5212 as a sale to the Domestic
Marketing/Trading segment of the Downstream Natural Gas
line of business.
Companies with foreign natural gas production that would
otherwise not report in a foreign segment of the Downstream
Natural Gas line of business should report natural gas sales
from Schedule 5210 as a sale to the Consolidated Foreign
segment of the Downstream Natural Gas line of business.
EIA-28 Survey Instructions
Processing Segment
Domestic natural gas liquids production operations
are included in the Domestic Processing segment of
the Downstream Natural Gas line of business.
Foreign natural gas liquids production operations are
included in the Consolidated Foreign segment of the
Downstream Natural Gas line of business. Natural
gas liquids transport and storage operations are
included in the Processing segment.
If the company’s domestic natural gas processing
operation is a profit center, then this operation should
be included in the Domestic Processing segment of
the Downstream Natural Gas line of business. If the
company’s foreign natural gas processing operation
is a profit center, then this operation should be
included in the Consolidated Foreign segment of the
Downstream Natural Gas line of business.
Marketing/Trading Segment
The Domestic Marketing/Trading segment of the
Downstream Natural Gas line of business includes
the purchase and resale of natural gas, liquefied
natural gas, and natural gas liquids apart from the
Domestic Distribution segment. Trading activity is
reported only in the Domestic Marketing/Trading
segment of the Downstream Natural Gas line of
business. Transactions that are settled other than with
commodity deliveries are to be reported on a net
basis as “Hedging/Derivatives” revenue (Schedule
5710, line 5). Operating revenues for natural gas and
natural gas liquids apply only to transactions with
physical delivery. Foreign purchase and resale of
natural gas, liquefied natural gas, and natural gas
liquids are included in the Consolidated Foreign
segment of the Downstream Natural Gas line of
business. Transactions that are settled other than with
commodity deliveries are to be reported on a net
basis as “Hedging/Derivatives” revenue (Schedule
5710, line 5). Operating revenues for natural gas and
natural gas liquids apply only to transactions with
physical delivery.
Transmission/Distribution Segment
The Domestic Transmission segment of the
Downstream Natural Gas line of business includes
U.S. interstate and intrastate natural gas pipeline
transport and associated storage operations. The
Domestic Transmission segment cannot buy and sell
natural gas. Foreign transmission operations are
included in the Consolidated Foreign segment of the
Downstream Natural Gas line of business.
13
The Domestic Distribution segment of the Downstream
Natural Gas line of business includes the purchase, resale and
delivery of natural gas and natural gas liquids. Unbundled
local natural gas delivery services are included in this
segment. Foreign natural gas distribution operations are
included in the Consolidated Foreign segment of the
Downstream Natural Gas line of business.
Other (LNG, GTL)
Domestic liquefied natural gas (LNG) and gas-to-liquids
(GTL) operations are included in the Domestic Other segment
of the Downstream Natural Gas line of business. Foreign LNG
and GTL operations are included in the Consolidated Foreign
segment of the Downstream Natural Gas line of business.
Reporting Guidelines for Natural Gas, Liquefied
Natural Gas and Natural Gas Liquids
The following FRS reporting guidelines have been established
for the downstream natural gas, liquefied natural gas, and
natural gas liquids segment operations:
The Domestic Processing segment can buy natural gas and
natural gas liquids from consolidated affiliates, unconsolidated
affiliates, or third parties. The Domestic Processing segment
can sell natural gas and natural gas liquids directly to
consolidated affiliates, unconsolidated affiliates, or third
parties.
Marketing/Trading operations can buy natural gas, liquefied
natural gas, and natural gas liquids from consolidated
affiliates, unconsolidated affiliates, and third parties. It can sell
natural gas, liquefied natural gas, and natural gas liquids to
consolidated affiliates, unconsolidated affiliates, or third
parties.
The Transmission portion of the Transmission/Distribution
segment never takes ownership of natural gas, liquefied
natural gas, or natural gas liquids products. Transmission is
purely a delivery and storage segment. Transmission can sell
services to consolidated affiliates, to unconsolidated affiliates,
or to third parties.
The Distribution portion of the Transmission/Distribution
segment can buy natural gas, liquefied natural gas, and natural
gas liquids from consolidated affiliates, unconsolidated
affiliates, and third parties for resale and distribution.
Distribution can only sell natural gas, liquefied natural gas,
and natural gas liquids to third parties.
The Other segment can buy natural gas, liquefied natural gas,
and natural gas liquids from consolidated affiliates,
unconsolidated affiliates, or third parties. The Domestic
Processing segment can sell natural gas, liquefied natural gas,
EIA-28 Survey Instructions
natural gas liquids, and other products directly to
consolidated affiliates, unconsolidated affiliates, or
third parties.
All downstream natural gas, liquefied natural gas,
and natural gas liquids operating results are reported
in the 5700 series of schedules.
Transactions with consolidated affiliates should be
reported as intersegment transactions, and
transactions with unconsolidated affiliates should be
reported as third party transactions.
J. Electric Power LOB Operations
Segments
To ensure the collection of comparable data for the
FRS, standardized electric power segments are
established with rules to govern inter-segment
transactions. The segments established in FRS to
reflect electric power operations are:
Domestic and Foreign:
Generation Segment
Marketing/Trading Segment
Transmission/Distribution Segment
Note that on Schedules 5810 through 5812, foreign
operations are reported on a consolidated basis in the
Consolidated Foreign segment.
Marketing/Trading Segment
The Domestic Marketing/Trading segment of the Electric
Power line of business includes the purchase and resale of
electricity apart from the Domestic Distribution segment.
Trading activity is reported only in the Domestic
Marketing/Trading segment of the Electric Power line of
business. Transactions that are settled other than with
electricity deliveries are to be reported on a net basis as
“Hedging/Derivatives” revenue (Schedule 5810, line 4).
Operating revenues for electricity apply only to transactions
with physical delivery. Foreign purchase and resale of
electricity are included in the Consolidated Foreign segment
of the Electric Power line of business. Foreign transactions
that are settled other than with commodity deliveries are to be
reported on a net basis as “Hedging/Derivatives” revenue
(Schedule 5810, line 4). Foreign operating revenues for
electricity apply only to transactions with physical delivery.
Transmission/Distribution Segment
The Domestic Transmission segment of the Electric Power
line of business includes electricity transmission operations.
The Domestic Transmission segment cannot buy and sell
electricity. In Schedules 5810 through 5812, foreign
transmission operations are included in the Consolidated
Foreign segment of the Electric Power line of business.
The Domestic Distribution segment of the Electric Power line
of business includes the purchase, resale and delivery of
electricity. Unbundled local electricity delivery services are
included in this segment. In Schedules 5810 through 5812,
foreign electricity distribution operations are included in the
Consolidated Foreign segment of the Electric Power line of
business.
Generation Segment
The Generation segment of the Electric Power line of
business includes electricity generation operations in
which rates are regulated by a utility commission
through rulemaking and adjudication, and electricity
generation operations for which sale prices are
market based. All foreign generation is considered to
be non-regulated for FRS reporting purposes. In
Schedules 5810 through 5812, foreign electricity
generation operations are included in the
Consolidated Foreign segment of the Electric Power
line of business.
Electricity generation and cogeneration facilities that
primarily provide electricity to the company’s other
businesses (e.g., oil and natural gas production,
petroleum refining, chemical manufacturing) rather
than for sale to third parties, do not need to be
reported in the Electric Power line of business.
Reporting Guidelines for Electric Power
The following FRS reporting conventions have been
established for the Electric Power segments:
The Generation segment can purchase fuel from consolidated
affiliates, unconsolidated affiliates, or third parties. The
Generation segment cannot purchase electric power for resale.
The non-regulated part of the Domestic Generation segment
can sell electricity (at market prices) to consolidated affiliates,
unconsolidated affiliates, or third parties. The regulated part of
the Domestic Generation segment can sell electricity (at
regulated prices) to consolidated affiliates, unconsolidated
affiliates, or third parties. Electricity provided by regulated
Generation to its integrated Distribution segment customers
should be reported as an intersegment sale using a regulated
price. All foreign generation is considered to be non-regulated
for FRS reporting purposes.
The Marketing/Trading segment can buy electricity from nonregulated Generation affiliates, from regulated Generation
affiliates, from unconsolidated affiliates, or from third parties.
14
EIA-28 Survey Instructions
It can sell electricity to consolidated affiliates,
unconsolidated affiliates, or third parties.
The
Transmission
portion
of
the
Transmission/Distribution segment never takes
possession of the Electric Power product.
Transmission provides purely a delivery service.
Transmission can sell services to consolidated
affiliates, to unconsolidated affiliates, or to third
parties.
The
Distribution
portion
of
the
Transmission/Distribution
segment
can
buy
electricity
from
consolidated
affiliates,
unconsolidated affiliates, and third parties for resale
and distribution. Distribution can sell distribution
services to consolidated affiliates, unconsolidated
affiliates, or third parties.
All electric power-operating results are reported in
the 5800 series of schedules.
Transactions with consolidated affiliates should be
reported as intersegment transactions, and
transactions with unconsolidated affiliates should be
reported as third party transactions.
K. Non-energy Operations
Report Income Statement information on the
company's operations in the following industries:
Non-energy
Industries
(including
chemical,
petrochemical, and all industries other than
petroleum; coal, nuclear and non-conventional;
downstream natural gas; and electric power.). This
segment also includes products that are manufactured
to be used in the Energy business, such as Windmills,
Solar Panels, etc.
Refer to the Glossary for definitions of specific
terms.
Foreign: Canada, Europe, Former Soviet Union (FSU),
Africa, Middle East, Other Eastern Hemisphere (Asian land
mass and other), and Other Western Hemisphere.
Refer to the Glossary for specific definitions of these
geographic areas.
M. Significance Standards (Materiality)
Significance standards must be established with the ultimate
use of the data in mind, but since it is not possible to describe
in advance all the possible uses of each FRS data item or all
the possible combinations in which they might be used with
other data, only general guidelines can be given.
A definition of "material" is contained in Rule 1-02 of Securities and Exchange Commission Regulation S-X (and in Rule
405 under the Securities Act and Rule 12b-2 under the
Exchange Act). However, this definition is based on a
"prudent man" principle, which is of limited practical help in
deciding many questions of materiality for FRS purposes.
A 5-percent significance standard is established for FRS
reporting. This standard should be used to test the materiality
of any item within its immediate category. The test should be
made on both a vertical
(line) and horizontal (row) basis.
For example, Schedule 5211 requires separate disclosure of
depreciation in support equipment and facilities. Some
companies may not now have such a category stated
separately. In accordance with FRS significance standards,
such depreciation need not be stated separately if less than a 5percent overstatement or understatement would be caused in
the depreciation accounts where this amount would normally
be reported.
The 5-percent threshold may seem to be excessively rigid in
some cases. In such a case, please consult the FRS staff
informally by phone.
N. Operating Statistics and Financial Data
L. Allocating Amounts to Geographic
Areas
Within the LOB categories of Petroleum, Other
Energy; Downstream Natural Gas, Electric Power,
and Non-energy, the FRS requires a breakdown of
certain information between domestic and foreign.
Domestic and foreign data (e.g., expenditures and
asset holdings) are sometimes further broken down
geographically:
Domestic: onshore and offshore for Petroleum, power
grid region for Electric Power (East, West and
ERCOT)
15
Operating statistics will be used in conjunction with financial
data to compare, among other things, effort with results. For
this reason:
Unless otherwise stated, only operating statistics from
consolidated operations must be reported on Schedules 5241
through 5246, 5341, 5741, and 5841 so that the statistical data
parallel the financial data. Selected operating data for
unconsolidated affiliates are reported on designated lines in
these schedules. Operating statistics for discontinued
operations should be included on these schedules.
EIA-28 Survey Instructions
O. Corporate Acquisitions and
Dispositions
Where the reporting company buys or sells:
In the context of FRS, generally accepted accounting
principles used to account for corporate acquisitions
and dispositions do not always yield the desired
result. If during the year the reporting company has
had major transactions, involving exchanges of
common shares, please consult the FRS staff before
preparing the Form EIA-28.
Where the reporting company is the acquired
company:
FRS companies were selected for reporting to the
EIA on the basis of the interests in domestic energy
reserves and production held by all members of a
consolidated group.
The highest level of the
domestic based consolidated group is the company
named to file the Form EIA-28.
Therefore, should a controlling interest (50 percent or
more) of an FRS reporting company be acquired by
another U.S. based enterprise and consolidated in that
enterprise's
financial
statements,
the
acquiring enterprise will then be named as an FRS
reporting company.
In preparing the Form EIA-28 in the year of
acquisition, it will actually appear as though the
acquiring company (the new FRS reporter) acquired
the old FRS reporter parent. This is necessary to
show the process of integration (merger) of the two
enterprises, one of which is an FRS reporter in prior
years.
We suggest an FRS staff consultation in such a case.
P. Discontinued Operations
Schedules 5110, 5210, 5710, and 5810 include a line
to report the net after-tax results of discontinued
operations. If all the conditions below are met, the
net results of discontinued can be reported on the
discontinued operations line of the income
statements, and no other financial or operating data
pertaining to those operations should be reported on
other schedules. If any of the conditions are not met,
then all financial and operating data from the
discontinued operations should be reported on
relevant schedules as if the operations were
continuing.
The proved reserves of the discontinued operations
(as reported on Schedule 5246) must be less than 10
16
percent of the total end-of-period reserves for the current
reporting period (including the discontinued operations) in
each of the FRS regions in which the reserves are located
(U.S. Onshore, U.S. Offshore, Canada, Europe, Former Soviet
Union, Africa, Middle East, Other Eastern Hemisphere, and
Other Western Hemisphere.
Refining capacity of the discontinued operations (as reported
on Schedule 5242) must be less than 10 percent of the total
refining capacity at the end of the current reporting period
(including the discontinued operations) in each of the FRS
regions in which the capacity is located (Domestic and
Foreign).
For other lines of busines, the revenue from the discontinued
operations must be less than 10 percent of the total revenue for
the current reporting period (including the discontinued
operations) for that line of business in each of the FRS regions
in which the revenue is generated (Domestic and Foreign).
If the certified financial statement presents the results of
discontinued operations on a pre-tax basis, then the amounts
reported in the financial statement for gain (loss) on disposals,
pre-tax income, and income tax expense (including the
amounts reported in Schedule 5112, Analysis of Income
Taxes) may need to be adjusted for FRS reporting purposes.
Any reconciliation between the amounts reported for FRS and
the amounts reported in the certified financial statement
should be presented in Exhibit B.
Q. Transactions In-Kind
When payment for goods or services is received in-kind, that
payment is reported as two transactions and valued at the
arms-length market price of the payment. First, the payment is
included in the appropriate revenue for the goods or services.
For example, if the Domestic Processing segment of the
Downstream Natural Gas line of business of the reporting
company receives natural gas as a payment in-kind for
processing natural gas that it does not own, the arms-length
market price of the service is included as revenue in
5710/06/E. Second, the arms-length market price of the
payment and the physical quantity of the payment are reported
as a purchase on the appropriate schedules. For example, if the
Domestic Processing segment of the Downstream Natural Gas
line of business receives natural gas as a payment in-kind for
processing services, in addition to the revenue reported on
Schedule 5710/06/E, the arms-length market price of that
payment is reported as natural gas purchased in 5711/01/A and
5710/09/E, and the arms-length market price and the physical
quantity of that payment is reported as Third-party purchases
on Schedule 5712/03/A&B.
When payment for goods or services is paid in-kind, that
payment is also reported as two transactions and valued at the
arms-length market price of the payment. First, the payment is
included in the appropriate cost for the goods or services. For
EIA-28 Survey Instructions
example, if the Domestic Refining/Marketing
segment of the Petroleum line of business provides
petroleum products as a payment in-kind for refining
services, the arms-length market price of the service
is included as an expense in 5211/11/B and
5210/07/F. Second, the arms-length market price of
the payment and the physical quantity of the payment
are reported as a sale. In the example of providing
petroleum products as payment in-kind, the armslength market price and physical quantity of the
petroleum products are reported as sales on Schedule
5212/05-08/C&D, and the market price included in
petroleum product sales on 5210/02/F.
R. Reporting Requirements for Energy
Trading Contracts
As specified in the instructions for schedules 5210,
5212, 5710, 5712, 5810, and 5812:
Revenues and costs are to be reported gross from raw
materials and refined products sales and purchases
related to trading activities in which transactions are
physically settled; that is, ownership of the
commodity is taken.
Gains or losses from transactions that are financially
settled or otherwise not physically settled, should be
reported on a net basis on line 5.
Hedging activities related to production of natural gas
should be reported in the production segment of the
petroleum line of business rather than in the
downstream natural gas line of business.
Reporting of the physically settled trading gains and
losses net in accordance with FASB EITF Issue no.
02-3 will result in reclassifications being necessary
between net amounts reported on the respondent
companies’ audited statements of income and the
gross amounts reported on Schedule 5110 of the EIA28 survey.
Therefore, an elimination should be reported on
Schedule 5110 and on Schedule 5150 to eliminate the
gross revenue and expense amounts related to the
trading activities and to report the net gains and
losses (as reported in the audited financial
statements) as a part of operating revenues on column
A of Schedule 5110. The elimination should be
reported as Petroleum segment sales to
the
nontraceable segment (5150/01/C).
In addition, it may be necessary as part of the
Schedule 5110 reconciliation in Exhibit B to show a
17
reclassification of the net trading gains or losses if they are not
reported as operating revenues on the respondent’s audited
income statement.
EIA-28 Survey Instructions
III. Schedule Instructions
Reporting Company
Consolidating Statement of Income
Schedule 5110
General
Line 01.00--Operating Revenues. Report operating revenues
as defined in the glossary. Do not include excise taxes
collected on behalf of governments.
Line 02.00--General Operating Expenses. Report general
operating expenses. Include selling expenses. Operating
expenses should be reported as a positive amount.
General operating expenses include all expenses related to
unaffiliated third-party sales, and inter-LOB/segment sales or
transfers.
Report consolidated results of operations for the
period in column A. Reported amounts must agree
with the company's certified consolidated income
statement except for reclassifications needed to
complete the required line items. Itemize these
reclassifications on a separate sheet of paper and
attach as part of Exhibit B. This itemized
reconciliation should provide a detailed explanation
of the variance between the amount reported on
Schedule 5110 and the amount disclosed in the
consolidated income statement.
Line 03.00--Depreciation, Depletion, and Amortization
(DD&A) Report total DD&A, including DD&A of support
equipment and facilities. Asset and lease impairments should
be included as DD&A.
Report amounts directly assignable (See "FRS
Overview" section of the instructions) to Petroleum;
Other Energy; Downstream Natural Gas; Electric
Power; and Non-energy in columns D through H.
Line 05.00--Total Operating Expenses
Total lines 02.00 through 04.00.
Report amounts not directly assignable (see "FRS
Overview" section of the instructions) to Petroleum,
Other Energy, Downstream Natural Gas, Electric
Power, or Non-energy as Nontraceable in column C.
Provide a detailed explanation of amounts classified
as Non-traceable on a separate sheet of paper and
attach as part of Exhibit D.
Provide a breakdown of column B, reported
eliminations, on Schedule 5150. These eliminations
reflect the sales and purchases among the lines of
business. For example, purchases of natural gas
liquid by the downstream natural gas line of business
from the production segment of the petroleum line of
business should be eliminated by decreasing general
operating expenses of the downstream natural gas
line of business and decreasing operating revenues of
the petroleum line of business.
Amounts reported in column D should equal the
amounts reported on schedule 5210, while amounts
reported in columns F and G should equal amounts
reported on schedules 5710 and 5810, respectively.
DO NOT allocate line items 08.00 and 10.00 through
13.00 to the segments. Report these items only in
columns A and C.
Line 04.00--General and Administrative Report general
and administrative expenses. DO NOT include selling
expenses, which should be reported as a general operating
expense on line 02.00 above.
Line 06.00--Operating Income Line 01.00 less line 05.00.
Line 07.00--Equity in Earnings of Unconsolidated
Affiliates. Report equity in earnings of unconsolidated
affiliates recorded during the period. Include equity in
earnings of joint venture companies in accordance with the
company's normal reporting practices. Include the effect, if
any, of adjustments due to impairment of value to investments
carried at equity. If the company reports investments and
advances to unconsolidated affiliates on Schedule 5120,
earnings should be reported on Schedule 5110.
Equity in earnings of unconsolidated affiliates, which operate
in more than one FRS LOB, should be reported in the LOB
corresponding to the affiliate's primary business activity,
unless data from corporate records are available to make an
allocation among the applicable FRS LOBs.
Include in line 07.00 the dividend income recognized from
unconsolidated affiliates accounted for on the cost basis.
Line 08.00--Other Dividend and Interest Income
Report other dividend income (i.e., portfolio dividends) and
interest income for the period. Only include dividends
received from marketable securities. DO NOT assign other
dividend and interest income to the LOBs in columns D
through H.
Line 09.00--Gain(Loss) on Disposition of Property, Plant,
and Equipment Report the net gain or loss recognized for the
period on disposition of property, plant, and equipment
18
EIA-28 Survey Instructions
(PP&E). If such gains or losses are not significant
(see FRS 5-percent significance standard, II.L. of
FRS Overview) and are classified otherwise, no reclassification need be made. Miscellaneous charges
or credits to DD&A reserve accounts for normal asset
retirements need not be adjusted. The gain (loss) on
disposal of discontinued operations should be
included on line 18.00, but not on line 9.00.
Tax Expense." Also, see Schedule 5112, which gathers details
about taxes.
Line 10.00--Interest Expense and Financial
Charges
Report all interest expense and financial charges,
including interest expense for capitalized leases. DO
NOT assign interest expenses and financial charges
to the LOBs in columns D through H.
Line 18.00--Discontinued Operations
Report the sum of income (loss) from discontinued operations,
less applicable income taxes, and the gain (loss) on disposal of
discontinued operations, less applicable income taxes.
Line 11.00--Minority Interest in Income
Report minority interest in income of consolidated
affiliates in accordance with the company's normal
reporting practice. Amounts should be reported net
of income taxes. DO NOT assign this item to the
LOBs in columns D through H.
Line 12.00--Foreign Currency Transaction Gains
(Losses)
Report the gain (loss) from currency trading and from
transactions with foreign entities as disclosed in
certified financial statements. DO NOT assign this
item to the LOBs in columns D through H.
Line 13.00--Other Revenue and (Expense) Report
all other non-operating income and expenses
recognized during the period for certified financial
statement reporting purposes and not reflected
elsewhere on this schedule. DO NOT assign these
incomes and expenses to the LOBs in columns D
through H. Amount reported in column C must not
include inter-LOB transactions.
If the amount reported on this line exceeds 5 percent
of the amount on line 15.00, provide a detailed
breakdown of line 13.00. The unexplained amount
should be less than 5 percent of line 15.00. Include
the detailed breakdown as part of Exhibit B.
Line 14.00--Total (Lines 7.00-13.00)
Line 15.00--Pre-Tax Income Total lines 06.00 and
14.00.
Line 16.00--Income Tax Expense Report total
income tax expense in column A as reported in or
reconciled to the company's certified financial
statements. With respect to columns B through H,
allocate tax expenses as described in the "FRS
Overview" section of the instructions under "Income
19
Please note that income tax expense is not bracketed, but a
negative expense (i.e., credit) is bracketed.
Line 17.00--Income Before Lines 18.00 and 19.00
Line 15.00 minus 16.00.
Line 19.00--Extraordinary Items and Cumulative Effects
of Accounting Changes Report the sum of extraordinary
items and cumulative effects of accounting changes if
applicable.
Line 20.00--Net Income Total lines 17.00, 18.00, and 19.00.
Reporting Company
Research and Development Funding and
Expenditures
Schedule 5111
General
Report research and development (R&D) funds and
expenditures for the period. See Glossary for definitions.
Lines 04.00 and 18.00 are equal.
Source of R&D Funds
Line 01.00--Federal Government Report receipts from the
U.S. Federal Government for work done by the company on
R&D contracts or subcontracts and R&D portions of
procurement contracts and subcontracts.
Line 02.00--Internal Company Report funds provided by
the company for research and development performed by
deducting non-company sources of R&D funds from total
R&D expenditures.
Line 03.00--Other Sources Report receipts of funds from all
other sources for R&D work done by the company. Include
grants from nonprofit organizations and any other third
parties.
Line 04.00--Total Sources Total lines 01.00 through 03.00.
EIA-28 Survey Instructions
Breakdown of R&D Expenditures
Classify total R&D expenditures by type of
expenditure on lines 05.00-17.00. Line 18.00 must
equal line 04.00.
Analysis of Income Taxes
Schedule 5112
This schedule is designed principally to provide a
disaggregation of consolidated income tax
information. The purpose of this disaggregation and
the principles to be used in performing the
disaggregation are described in the "FRS Overview"
section of the instructions under "Income Tax
Expense."
(as
per
Financial
Lines 01.00 through 19.00
These lines provide details of consolidated income
tax expense per the reporting company's financial
statements. For each domestic segment reporting
pre-tax income on Schedules 5110, 5210, 5710 and
5810, Line 15.00, corresponding income tax expense
should be reported on Line 16.00. The current year
deferred tax provision reported on Line 18.00 should
agree with the deferred tax amount reported on
Schedule 5131 Line 05.00. Schedule 5110, 5210,
5710 and 5810, Line19.00 corresponds to Schedule
5110, column A, line 16.00.
Reconciliation of Accrued U.S. Federal
Income Tax Expense to Statutory Rate
Line 20.00--Consolidated Pre-Tax Income (Loss)
Enter consolidated pre-tax income or (loss) per
Schedule 5110/15/A.
Line 21.00--Foreign Source Income not Subject to
U.S. Tax Enter the portion of foreign source income
not subject to U.S. Federal income tax. Foreign
source income is earned by both U.S. corporations
(those incorporated in the U.S.) and by foreign
corporations (those incorporated in a foreign
country). The earnings of the latter are not subject to
U.S. income tax until remitted to the U.S. Therefore,
enter on this line income earned by foreign
corporations, reduced by earnings remitted to the
U.S., and Sub-part F income of foreign corporations
included in the consolidation.
20
Line 23.00--U.S. State and Local Income Taxes
Enter U.S. State and local income taxes included in
consolidated income tax expense.
Line 24.00--Applicable Foreign Income Taxes Deducted
Enter on this line the amount of foreign ncome taxes deducted
as an expense in arriving at taxable income for the U.S.
Federal tax accrual.
General
Income Taxes
Statements)
Line 22.00--Income Subject to U.S. Tax Line 20.00 less line
21.00.
Income subject to U.S. tax may also be subject to foreign tax
(see line 21.00 above). In computing the amount of U.S.
Federal tax due, the taxpayer elected to classify the foreign
taxes either as a deduction or a credit. Therefore, the amount
reported on this line is the elected deduction taken.
Line 25.00--Pre-Tax Income Subject to U.S. Tax
Enter the net of line 22.00 minus the sum of lines 23.00 and
24.00.
Line 26.00--"Expected" Tax Provision Enter the amount
arrived at by multiplying the amount on line 25.00 by the
statutory U.S. Federal income tax rate.
Line 27.00--Foreign Tax Credits Recognized Enter the
amount of foreign tax credit recognized in arriving at the
current year's income tax expense. Normally, foreign tax
credits are less than the amount of foreign income taxes
reported on Line 11.00.
Line 28.00--U.S. Federal Investment Tax Credit
Recognized Enter the amount of U.S. Federal investment tax
credits that were recognized in arriving at the current year's
Federal income tax expense.
Line 29.00--Statutory Depletion Enter the amount of tax
savings recognized due to statutory depletion.
Line 30.00--Effect of Alternative Minimum Tax Enter the
increase (decrease) in income tax expense due to the corporate
alternative minimum tax.
The effect of AMT should
approximate the sum of the effect of AMT on current and
deferred taxes reported on Lines 03.00 and 15.00.
Line 31.00—Other Enter any other items needed to complete
this reconciliation. If the amount on this line exceeds 5
percent of the amount of line 32.00, provide a detailed
breakdown of line 31.00 so that the unexplained amount is less
than 5 percent of line 32.00. Attach the detailed breakdown
on a separate sheet of paper as part of Exhibit B.
EIA-28 Survey Instructions
Line
32.00-Actual
U.S.
Federal
Tax
rovision/(Refund)
Enter the amount of the U.S. Federal tax provision
that will equal the net of lines 01.00, 02.00, and
03.00, plus the net of lines 13.00, 14.00, and 15.00
above. If the company is not subject to income taxes,
the expected tax amount should be determined and
reported on Line 26.00. This amount should be
multiplied by (-1) and reported as other expected
reconciling item on Line 31.00, in order to properly
reflect a zero amount as the U.S. Federal tax
provision on Line 32.00.
Lines 33.00 through 44.00--Domestic Taxes other
than Income Taxes These lines are intended to
gather the broad spectrum of taxes imposed on
reporting companies, classified by line of business.
Reasonable estimates are encouraged where company
records do not readily produce the required data at
the consolidated domestic level.
Report only
domestic total amounts for lines 38.00 through 41.00.
If motor gasoline sales to retailers or resellers are
reported on Schedule 5212, excise taxes should be
reported on Line 43.00.
Reconciliation to Statutory Rate
For domestic segments where the effective tax rate
(e.g., tax expense divided by pre-tax income) is more
than 5 percentage points different from the statutory
rate, a reconciliation from the statutory rate to the
actual rate is required as a part of exhibit B.
Reporting Company
Selected Consolidating Balance Sheet
Data
Schedule 5120
General
On page 1 of this schedule, report the selected
consolidated balance sheet data as of the end of the
period. Reported amounts must agree with the
company's certified consolidated balance sheet,
except for reclassifications needed to complete the
required line items. Itemize these reclassifications on
a separate sheet of paper and attach as part of Exhibit
B.
On pages 2 – 5, report amounts directly assignable to
the Petroleum; Other Energy (Coal, Nuclear & Nonconventional); Downstream Natural Gas; Electric
Power; and Non-energy LOBs .
Report amounts not directly assignable (see "FRS
Overview" section of the instructions) to particular
21
LOBs as Non-traceable on line 98.00. Do not allocate costs of
assets maintained for general corporate purposes to particular
LOBs. Provide a detailed explanation of amounts classified as
Non-traceable on a separate sheet of paper and attach as a part
of Exhibit D.
If the amounts on line 18.00 and 19.00 exceed 5 percent of the
amount on line 21.00, provide a detailed breakdown of lines
18.00 and 19.00. The unexplained amounts should be less
than 5 percent of line 21.00. Include the detailed breakdown
as part of Exhibit B.
Memo-Line 26.00, Page 1 of 4
Report on this line the amount of the cumulative foreign
currency translation adjustment at year-end. This amount
should be equal to the amount reported for foreign currency
translation adjustment in the stockholder's equity section of
the balance sheet.
Memo-Line 27.00, Page 1 of 4
Report on this line the foreign currency translation adjustment
for the current year. This amount should be equal to the
difference between this year's cumulative foreign currency
translation adjustment and the prior year's cumulative foreign
currency translation adjustment.
Pages 2 – 5:
Columns A-G
Report year-end balances and activity during the reporting
period as indicated by the column headings. All amounts are
based on historical cost. Additions to property, plant and
equipment must include all drilling and equipping costs for
wells, except for exploratory dry holes (in the case of
"successful efforts" companies). Additions to property, plant
and equipment should be reported as a positive amount.
Report reclassifications and adjustments in column G so that
the year-end net amount, column C will cross foot precisely
with the prior year balance. If the amount in column G is
more than 5 percent of column C, include a detailed
breakdown of column G as part of Exhibit B.
The effect of an acquisition in excess of $50 million on PP&E
and/or investment and advances should be disclosed in Exhibit
B. In addition, the effect of a disposal in excess of $50 million
on the book value of disposals should also be disclosed on
Schedule 5120.
Book value of disposals should always be reported as a
positive amount. It is not possible for Schedule 5120 to
capture all transactions related to PP&E. The effect of certain
transactions, such as the transfer of PP&E between segments
and the reversal of a prior year write-off, should be omitted
from Schedule 5120. Include an explanation of these
transactions in Exhibit B if they are significant to Schedule
5120.
EIA-28 Survey Instructions
Columns H-J – Investments and Advances to
Unconsolidated Affiliates
Report investments and advances to unconsolidated
affiliates and additions thereto during the period as
recorded on the company's financial records.
Investments and advances to unconsolidated affiliates
that operate in more than one FRS LOB should be
reported in the LOB corresponding to the affiliate's
primary business activity, unless data from corporate
records are available to make an allocation among the
applicable FRS LOBs.
Report reclassifications and adjustments
investments and advances in column J.
of
Earnings of unconsolidate affiliates should also not
be included in column H.
If the amount in column J is more than 5 percent of
the amount in column H, include a detailed
breakdown of column J as part of Exhibit B.
Investments in unconsolidated affiliates reported on
Schedule 5120 should have corresponding earnings
reported on Schedule 5110, 5210, 5710 or 5810.
If an investment balance in an upstream equity
affiliate is reported on Schedule 5120, column G, the
supplemental Form EIA-28 for upstream equity
affiliates should be completed.
Reporting Company
Consolidated Statement of Cash Flows
Schedule 5131
General
Report consolidated statement of cash flows (line
01.00 through 27.00) for the reporting company.
Amounts must agree with certified financial
statement reporting, except for reclassifications
needed to complete the required line items. Itemize
these reclassifications on a separate sheet of paper
attached as part of Exhibit B. For example, cash
flows from operations in FRS entails adding dry hole
expense back to net income, which may be at
variance with a reporting company's public reporting
practice. In such a case a reconciling item will be
necessary in comparing the FRS to the published
financial statement in Exhibit B.
22
Note that certain line items are cross referenced to Schedules
5110, 5112, and 5120 and that additions to PP&E on
Schedules 5120 and 5131 exclude exploratory dry hole
expense (for "successful efforts" companies).
Schedule 5131 has been designed to conform generally to
Financial Accounting Standard (FAS) 95 utilizing the indirect
method to report cash flows from operations. However,
Schedule 5131 differs from FAS 95 in reporting mergers and
acquisitions. Also described below is the reporting of dry hole
expense.
Line 10.00-Other Cash Items, Net
Report all other cash items recognized during this period for
certified financial statement reporting purposes and not
reflected elsewhere on this schedule. If the amount on this
line exceeds 5 percent of the amount on line 11.00, provide a
detailed breakdown of line 10.00. The unexplained amount
should be less than 5 percent of line 11.00. Include the
detailed breakdown as part of Exhibit B.
Line 12.00-Additions to PP&E Due to Mergers and
Acquisitions
Addition to PP&E due to mergers and
acquisitions should be reported as a negative amount.
Additions to PP&E as a result of a contribution of PP&E by a
parent or other affiliate should be reported as an addition due
to mergers and acquisitions with an offsetting amount reported
as other investing activities on Line 17.00. The effect on
PP&E as a result of the contribution of PP&E by a parent or
other affiliate should be disclosed and allocated to the various
segments on Schedule 5120.
Line 17.00-Other Investment Activities, Net
Report the cash effect of all other investment activities
recognized during the period for certified financial statement
reporting purposes and not reflected elsewhere on this
schedule. If the amount on this line exceeds 5 percent of the
amount on line 18.00, provide a detailed breakdown of line
17.00. The unexplained amount should be less than 5 percent
of line 18.00. Include the detailed breakdown as part of
Exhibit B.
Line 22.00-Purchase of Treasury Stock
Report gross treasury stock purchased. Do not net against any
issuances of treasury stock.
Line 24.00-Other Financing Activities, Including Net
Change in Short-Term Debt
Report the cash effect of all other financing activities
recognized during the period for certified financial statement
reporting purposes and not reflected elsewhere on this
schedule. If the amount on this line exceeds 5 percent of the
amount on line 25.00, provide a detailed breakdown of line
24.00. The unexplained amount should be less than 5 percent
EIA-28 Survey Instructions
of line 25.00. Include the detailed breakdown as part
of Exhibit B.
Mergers and Acquisitions
Within the framework of FAS 95, only the cash
effects of an acquisition on cash flows from investing
activities need to be recognized. However, statistical
considerations and the mandated objectives of the
FRS require that all components of an acquisition be
included in Schedule 5131. Consequently, the
additions to property, plant, and equipment
(consistent with Schedule 5120 of Form EIA-28),
incurrence of debt and/or assumption of debt,
working capital affects, equity security issues, and
any other effects associated with an acquisition or
merger should be included on the appropriate lines of
Schedule 5131. The inclusion of these data should
not affect the net change in cash and cash equivalents
reported on line 27.00 which should be equal to the
value of this item reported in the certified financial
statement.
In order to accurately report the effect of mergers and
acquisitions on investment patterns, the allocation of
the amount reported on line 12.00 of Schedule 5131
(Cash Flows from Investing Activities: Due to
Mergers and Acquisitions) to the LOBs of Schedule
5120, column D, should be disclosed in Exhibit B.
Dry Hole Expense
For "successful efforts" companies, the expense of
exploratory dry holes (worldwide) completed in the
reporting year, consistent with drilling and equipping
expenditures reported in Schedule 5211, should be
reported on line 04.00 of Schedule 5131. The
difference between dry hole expense recognized in
the certified financial statement and the amount
reported on line 04.00 should be included in the
amount reported on line 09.00. The amount reported
for dry hole expense should be less than the amount
reported as exploration expenditures on Schedule
5211, Line 26.00.
Reserve Swaps
Reserve swaps with a value in excess of $50 million
should be reported as a disposal on Line 28.00 and as
an acquisition on Line 29.00. The details of the
reserve swap must be included in Exhibit B.
Memo-Line 28.00
Report on this line the amount of funds (cash or
other) generated from the disposal of properties or
subsidiaries in transactions/valued in excess of $50
million. Disposals of properties or subsidiaries
reported on Line 28 should represent single
23
transactions valued in excess of $50 million. Collective groups
of transactions which in total exceed $50 million should not be
included on Line 28. These transactions should be valued at
the amount of cash or other consideration generated from the
disposal not at the effect on book value of disposals.
For each disposal transaction in excess of $50 million, the
following items must be disclosed in Exhibit B:
Name of the entity sold.
Date of the transaction.
Value of the transaction (cash and other consideration
received).
The effect of the transaction on the book value of the disposals
reported in column F of Schedule 5120.
Memo-Line 29.00
Report on this line the amount of funds (cash and other)
utilized in purchases of existing assets (e.g., plant and
equipment, proved reserves) in transactions valued in excess
of $50 million. Acquisitions of existing assets, such as plant
and equipment and proved reserves, reported on Line 29
should represent single purchases valued in excess of $50
million only. Collective groups of transactions which in total
exceed $50 million should not be included on Line 29. These
transactions should be valued at the amount of cash and other
consideration paid rather than at the effect on PP&E and/or
investments and advances.
For each acquisition transaction in excess of $50 million, the
following items must be disclosed in Exhibit B:
Name of asset acquired.
Date of transaction.
Value of the transaction (cash and other consideration paid).
The effect of the transaction on PP&E and/or investment and
advances by the segments of Schedule 5120.
Note for Lines 28.00 and 29.00:
For the purposes of Exhibit B, value of transaction includes
cash received or utilized as well as other consideration, such
as debt assumed by purchaser or equity securities transferred
by seller. Transactions in which cash received or utilized is
less than $50 million should be reported in Exhibit B if the
value of the transaction, cash and other consideration, is in
excess of $50 million.
Following is an example to use to assist in how to report
transactions in lines 28 and 29:
Example
Reporting Company A acquires all of the
outstanding common stock (2 million shares) of Acquired
Company B, a wholly owned subsidiary of Reporting
Company C, in a purchase transaction dated September 30,
2006. In consideration for the common stock received
Company A pays $30 million in cash, issues 1 million shares
of common stock with a fair market value of $25 per share and
assumes debt of Reporting Company C of $10 million.
EIA-28 Survey Instructions
Reporting Company C reports book value of PP&E at
the date of the transaction of $28 million for proved
properties and $7 million for refining/marketing
segment PPE.
Following is an example of the appropriate
information to include in Reporting Company A’s
Form EIA-28 – Exhibit B.
Asset acquired: Acquired Company B
Counterparty: Reporting Company C
Date of transaction:September 30, 2006
Value of transaction:$65 million ($30 million cash
plus
$25 million stock issued plus $10
million debt assumed)
Effect of transactionDom Prod - $35 million
on PPE and/or invest- Dom r/m - $10 million
ments and advances by
segment, of Schedule 5120
Following is an example of the appropriate
information to include in Reporting Company C’s
Form EIA-28 – Exhibit B.
Asset disposed: Acquired Company B
Counterparty: Reporting Company A
Date of transaction:September 30, 2006
Value of transaction:$65 million ($30 million cash
plus $25 million stock received plus $10 million debt
assumed by acquiror)
Effect of transactionDom Prod - $28 million
on book value of dis- Dom r/m - $7 million
posals reported in
column F of Schedule
5120
Reporting Company
Eliminations in Consolidation
Schedule 5150
General
This schedule summarizes the eliminations required
for the 5110 income statement, which is the schedule
that contains numerous inter-LOB eliminations.
Report only elimination amounts on this schedule.
Compiling the correct eliminations required to
consolidate the FRS LOBs requires an understanding
of the FRS LOB definitions and the rules governing
inter-LOB transactions. For background on this see
24
the Chapter II, "FRS Overview," sections B, C, G, H, I and J.
The hatched out areas are provided to indicate inter-LOB
transactions which are not permitted under the FRS rules or
which would not conceptually be possible in any case.
Columns A through G represent inter-LOB sales, while lines
01.00 through 07.00 represent the inter-LOB purchases. An
example of an elimination that should be reported on Schedule
5150 is the sale of natural gas from the production segment of
the domestic or foreign petroleum line of business to the
downstream natural gas line of business. This sale would be
eliminated on Line 04.00 in column C.
Line 7, column A
The amount reported on line 07.00, column A will be the
Operating Revenue and Operating Expense elimination
required on Schedule 5110, column B.
Domestic and Foreign Petroleum Segments
Consolidating Statement of Income
Schedule 5210
General
Report the consolidating results of operations assignable to
domestic and foreign petroleum segments.
Refer to the Glossary for definitions of activities considered as
domestic or foreign.
Refer to the Glossary for definitions of raw materials (i.e.,
crude oil, natural gas, natural gas liquids, and other petroleum
raw materials) and refined products (i.e., motor gasoline,
distillate fuels, residual fuels, and other refined products).
In general, revenues and expenses should be associated with
costs incurred within a segment, but refer to Chapter II, "FRS
Overview," of the instructions for more detailed explanations
of the FRS segments.
Columns E and J -- Production
Report as raw materials revenues (1) the value of production
transferred to the Refining/Marketing Segment and (2) the
sales of natural gas and plant products to the consolidated
affiliate downstream natural gas segments, to unconsolidated
affiliates or to third parties. . Do not include the value of
production used for production purposes, e.g., re-injected gas
and crude burned on the lease.
Column G -- Pipelines
Classify operations in this segment only if they are associated
with rate-regulated (interstate and intrastate) crude oil and
refined product pipeline operations. Natural gas and natural
EIA-28 Survey Instructions
gas liquids pipelines are part of the downstream
natural gas line of business.
Energy Trading Contracts, for a further discussion of trading
gains and losses.
Column L -- International Marine
Classify operations in this segment that are associated
with high seas transportation activities serving a
foreign port (i.e., exclude Jones Act shipping).
Line 03.00—Transportation Revenues
Report all revenues derived from Pipeline Segment operations
in column G.
Include revenues and expenses for voyages by
company-owned, leased, or chartered vessels
carrying cargo for others as well as for the company's
own use.
Do not include foreign transportation charges paid to
third parties for shipments or deliveries of the
reporting company's own goods. These costs should
be reported in the Refining/Marketing Segment
(column K).
Operating Revenues
Report all operating revenues included on Schedule
5110 (line 01.00, column D) in the categories
indicated on lines 01.00 through 06.00 (domestic and
foreign) as follows:
Lines 01.00 & 02.00--Raw Materials Sales &
Refined Products Sales
Report the value of the sale or inter-segment transfer
of raw materials and refined products by the domestic
and foreign segments. Include the company's royalty
interest in other's production. Domestic Production
and Refining/Marketing Segment sales of raw
materials and refined products must agree with
Schedule 5212, column D, lines 04 and 08
(Refining/Marketing), and 11 (Production).
Note: Revenues and costs are to be reported gross
from raw materials and refined products sales and
purchases related to trading activities in which
transactions are physically settled; that is, physical
possession as well as ownership is taken by the
respondent or tendered by the respondent to the
buyer.
Gains or losses from transactions that are financially
settled or otherwise not physically settled, should be
reported on a net basis on line 3.50.
Hedging activities related to production of natural gas
should be reported in the production segment (5210,
column E) of the petroleum line of business.
Refer to the FRS Overview chapter of the
Instructions, section R. Reporting Requirements for
25
Report all revenues derived from International Marine
Segment operations in column L.
Report all other transportation revenues under the appropriate
column heading.
Line 03.50—Hedging/Derivatives
Report all gains and losses, on a net basis, associated with
derivative accounting/hedging contracts that are financially
settled or otherwise not physically settled.
Line 04.00--Management and Processing Fees
Report all management and processing fee revenues, domestic
and foreign. Include amounts paid to the consolidated
reporting company for processing crude oil or other raw
materials for the accounts of third parties. Management fees
include only those fees for operating oil and gas facilities for
host country governments or their agencies. These fees need
not be reported here, if it is the company's practice in their
public financial statements to net such fees against costs of
operations.
Line 05.00--Other
Report all other domestic and foreign operating revenues not
included on lines 01.00 through 04.00. Include all revenues
derived from tire, battery, and accessory (TBA), anti-freeze,
undercoating, groceries, beverages, and other sales from
Marketing.
Line 06.00--Total Operating Revenues
Total lines 01.00 through 05.00. Elimination amounts reported
on line 06.00, column D (domestic) and I (foreign) should
equal the amounts reported on schedule 5250, line 04.00,
column A (domestic) and line 08.00, column E (foreign).
Line 07.00 through 20.00
Refer to the instructions for Schedule 5110 for definitions
applicable to these lines on Schedule 5210. Amounts reported
in column A must agree with amounts reported in column D
on Schedule 5110.
Line 07.00, column D (domestic) and column I (foreign)
should equal the amounts reported on schedule 5250, line
04.00, column A (domestic) and line 08.00, column E
(foreign). In addition, details of line07.00 operating expenses
are reported on schedule 5211, pages 1 – 4.
EIA-28 Survey Instructions
Eliminations
Eliminations reported in Column I represent
transactions among the foreign petroleum segments.
Column D represents transactions among the
domestic petroleum segments. Transactions between
the domestic and foreign petroleum segments are
reported in Column B.
Domestic and Foreign Petroleum
Segments
Refining/Marketing Operations and
Production Operations
Expenditure and Operating Expense
Detail
Schedule 5211
General
This schedule contains general operating expense
details for domestic and foreign refining/marketing
operations (lines 01.00-18.00, Page 1 of 4) and
expenditure details as well as general operating
expense totals for domestic (onshore and offshore)
exploration and production operations (lines 19.0045.00, pages 2 & 3 of 4) and foreign (by geographic
region, page 4 of 4).
Line 01.00--Raw Material Purchases
Report purchases by the Domestic and Foreign
Refining/Marketing Segment of crude oil, natural gas, natural
gas liquids, and other petroleum raw materials as reported on
Schedule 5212, line 04.00, column B. Natural gas and natural
gas liquids should only be purchased for use in refining
operations.
Line 02.00--Other Raw Material Supply Expense
Report all other domestic and foreign raw material supply
expenses not included in line 01.00. Include: raw material
transportation, raw material exchange differentials, and
inventory change.
Line 03.00--Total Raw Material Supply Expense
Total lines 01.00 and 02.00.
Line 04.00--Less: Cost of Raw Materials Input to Refining
Report the value of total raw materials input to domestic and
foreign refining. This related volume is reported on 5245, line
11.00, column B.
Line 05.00--Net Raw Material Supply
Line 03.00 minus line 04.00.
Line 06.00--Raw Materials Input to Refining
Report the value of total raw materials input to domestic and
foreign refining. This amount must agree with the amount
reported on line 04.00 above.
Domestic
and
Foreign
Refining/Marketing Segment (Page 1 of
4)
Line 07.00--Less: Raw Material Used As Refinery Fuel
Report as reduction (credit) the value of raw material input to
domestic and foreign refining (line 04.00) that was
subsequently used as refinery fuel.
This schedule breaks total Domestic and Foreign
Refining/Marketing Segment expenses into three
parts – net Raw Material Supply (meaning the cost of
raw materials sold, e.g., not refined), Refining
operations, and Marketing operations.
Line 08.00--Refinery Process Energy Expense
Report all domestic and foreign refinery process energy
expenses, including cost of own fuel, purchased fuel,
electricity, and steam used in the process of refining. Include
amounts reported on line 07.00.
The marketing function includes the operation of
terminals, bulk plants, retail outlets, and
transportation facilities used for delivering refined
products. Canning plant operations (e.g., blending,
compounding, and canning lube oil products) should
be included in refinery operating expenses or, as
appropriate, in other marketing expenses.
Line 09.00--Other Refining Operating Expenses
Report all other domestic and foreign refining operating
expenses. Include purchases of non-petroleum blending
stocks. Also include any canning and blending operation
expenses not assigned to other marketing expenses (line
14.00).
Do not include the expense of petrochemical
operations since such operations must be included in
the Chemical Segment reported in Non-energy
Operations.
26
Line 10.00--Refined Product Purchases
Report domestic and foreign refined product purchases as
reported on Schedule 5212, line 08.00, column B.
Line 11.00--Other Refined Product Supply Expenses
Report all other domestic and foreign refined product supply
general operating expenses not included on lines 06.00
through 10.00. Include all taxes applicable to refined product
EIA-28 Survey Instructions
supply (other than income taxes and consumer excise
taxes).
Include refined product exchange
differentials, inventory changes, and transportation.
DO NOT include any amounts incurred in rate
regulated pipeline operations.
Line 12.00--Total
Total lines 06.00 through 11.00.
Line 13.00--Cost of Other Products Sold
Report domestic and foreign purchases of other
products held for resale, including tires, batteries, and
accessories (TBA) and other merchandise. Include
inventory change.
Line 14.00--Other Marketing Expenses
Report all other domestic and foreign marketing
operation expenses not included on line 13.00.
Include expenses of any canning and blending
operations that might be assigned to the marketing
function.
Include advertising and credit card
operating expenses.
Line 15.00--Total Marketing Expenses
Total lines 13.00 and 14.00.
Lines 16.00--Expenses of Transport Services for
Others
Report all domestic and foreign transportation
expenses applicable to the transportation revenues
reported on Schedule 5210, line 03.00, column F.
This expense represents the cost of transporting
goods for third parties and unconsolidated affiliates.
Line 18.00--Total Domestic and Foreign
Refining/Marketing Segment General Operating
Expenses
Total of lines 05.00, 12.00, and 17.00. This amount
must agree with the amount reported on Schedule
5210, line 07.00, column F.
Exploration and Production Operations
(Pages 2-4 of 4)
Cost
of
property
acquisition,
exploration,
development and production (lifting), reported on
lines 21, 29, 37 and 42 respectively, should agree
with amounts reported in your company annual report
pursuant to FAS Number 19, except for royalty
expense reported on line 39.00.
Segregate reported amounts by the indicated
domestic onshore or offshore operations. Refer to the
Glossary for detailed definitions.
Include only costs and expenses assignable to the Production
Segment. Allocations performed at the district or field level as
part of the company's normal reporting system are acceptable
and need not be adjusted for this schedule.
Lines 19.00-21.00--Acquisition of Unproved and Proved
Acreage
Report the net company interest in direct domestic
expenditures incurred for acquiring unproved acreage.
Include lease bonuses; options to purchase or lease properties;
title costs; recording; broker, and legal fees; advance initial
royalties; and any other direct outlays necessary to acquire
leases, mineral rights, and fee lands incident to oil and gas
exploration.
Include the purchase value of proved properties acquired in
mergers and acquisitions as an acquisition of proved acreage.
Purchases of minerals-in-place should be reported on Schedule
5246 for proved acreage acquisition costs reported on
Schedule 5211, line 20.
Lines 24.50-26.00--Drilling and Equipping of Wells:
Completed Well Costs
On line 24.50 report cumulative domestic expenditures for
drilling and equipping exploratory wells completed (i.e.,
finished) during the period, reduced by the amount of outside
cash contributions such as bottom hole or dry hole
contributions.
Include all expenditures for the drilling and equipping of wells
incurred since the inception of drilling.
Include expenditures for casing, tubing, and other equipment,
including equipment installed for development of successful
exploratory wells, such as down-hole pumping equipment,
platforms, and the wellhead assembly, as well as the costs of
roads, grading, etc.
Do not include costs related to equipment beyond the
christmas tree, as these should be reported as lease equipment
on line 35.00 below.
Reduce costs of exploratory dry holes by salvage of equipment
capable of re-use.
On line 25.00, report the increase (or decrease) in expenditures
capitalized for drilling and equipping domestic exploratory
wells-in-progress between the beginning and end of the
reporting period.
On line 26.00, report the total of lines 24.50 and 25.00. This
amount must equal the expenditures during the current period.
Line 27.00--Geological and Geophysical
27
EIA-28 Survey Instructions
Report all geological and geophysical expenditures
including, but not limited to, costs incurred for
salaries, equipment and supplies for scouts, and
geological and geophysical crews. Include cost of
surface and subsurface studies and geo-chemical
analyses.
Line 28.00--Other, Including Direct Overhead
Report all other expenses, including direct overhead
costs assigned at the field or district level, directly
associated with exploration activities.
Include
carrying costs of undeveloped properties (lease
rents); test hole contributions; and land development,
leasing, and scouting.
Line 29.00--Total Exploration
Total of lines 26.00, 27.00, and 28.00.
Domestic Development
Line 32.50--Drilling and Equipping of Wells:
Completed Well Costs
For line 32.50 report cumulative domestic expenditures for drilling and equipping development wells
(reduced by the amount of outside cash contributions
such as bottom hole of dry hole) completed (i.e.,
finished) during the period. Include all expenditures
since the inception of these completed wells.
Include casing, tubing, and wellhead fittings
associated with development wells, costs of roads
and grading, costs of drilling platforms, and all cost
incident to development drilling.
Include cost of old wells drilled deeper, re-drilled
wells, and re-completions.
Exclude costs of service wells, which should be
reported on line 36.00, and exclude costs of well
workovers. Reduce the cost by salvage value of
equipment capable of re-use.
Line 33.00--Work-in-Progress Adjustment
Report the increase or (decrease) in expenditures
capitalized for drilling and equipping domestic
development
wells-in-progress
between
the
beginning and end of the reporting period.
Line 34.00--This Year's Expenditures
Total of lines 32.50 and 33.00. This must equal the
expenditures incurred during the current period.
Line 36.00--Other Development Costs
Include all other domestic development costs,
including: gas processing facilities, access facilities
to district installation (as opposed to individual wells)
28
such as roads, bridges, canals, and other improvements; camp
and district facilities; fuel gas systems; observation wells, salt
water disposal wells, and water supply wells, directly
assignable and other overhead costs; and expenditures for
capital equipment used for development not otherwise
accounted for. Exclude costs of equipment and buildings used
by personnel engaged in general producing activities as
distinguished from development operations.
Line 37.00--Total Development Costs
Total of lines 34.00, 35.00, and 36.00.
Line 38.00--Subtotal
Total of lines 21.00, 29.00, and 37.00.
Lines 39.00-42.00--Production (Lifting) Costs
Refer to the Glossary for definitions of production costs.
Report lifting and other expenses that can be assigned to the
production of oil and gas. Exclude costs of exploratory and
development activities.
Production costs include labor, supervision in the field, repair
and maintenance (see below for workovers), fuel, power, and
water, small tools and supplies, cost of treating oil, teaming
and trucking, insurance, taxes other than income taxes,
buildings, lease or field facilities, and other property used in
production operations, bailing, shooting, fracturing, and
acidizing (when not part of original completion work),
abandonments, and expenditures for maintaining field offices.
Include all expenses of cleaning out and working over wells
for the purpose of restoring or increasing the production from
the same producing horizon.
Report all expenses for operations and maintenance of fluid
injection and other improved recovery programs, including
well operations and maintenance for improved recovery wells.
Include workovers of improved recovery wells.
Include the value of all materials used, except the reporting
companys own raw material production used on the lease.
Line 39.00--Royalty Expenses
Report royalty expense classified as an expense in the company's financial statements.
Line 40.00--Taxes Other Than Income Taxes
Include all expenses for ad valorem taxes on producing properties, equipment, buildings, lease or field facilities, and
other property used in production operations. Exclude ad
valorem taxes on undeveloped properties and on buildings and
equipment used for exploratory purposes. (Include these items
in other exploration costs on line 28.00 above.)
Include payments of production or severance taxes to State
and local governments. Do not reduce the revenues from
EIA-28 Survey Instructions
crude oil or natural gas produced at the wellhead by
such amounts.
Include tax expense attributable to the Crude Oil
Windfall Profits Tax Act of 1980.
Line 41.00--Other Production Costs
Report overhead expense, especially at the district
and field levels, and other expenses not included
elsewhere, which are assigned to the production
function. Include domestic royalty expenses and
costs of operation and maintenance of gas processing
facilities classified as costs of oil and gas producing
activities in the company's financial statements.
Line 42.00--Total Production Costs
Total of lines 39.00 through 41.00.
Line 43.00--Total Costs Incurred
Total of lines 38.00 and 42.00.
Lines 44.00 and 45.00--Support Equipment and
Facilities (Memo)
On line 44.00, report the amount of depreciation of
support equipment and facilities. Such amount
would already be included as a part of exploration,
development, and production costs reported above.
On line 45.00, report the amount of new investment
in support equipment and facilities for the year. Such
amounts are not included as a component of
exploration, development, or production costs
reported above, since the depreciation is allocated to
these functions pursuant to SFAS Number 19.
Domestic and Foreign Petroleum
Segments Purchases and Sales of Raw
Materials and Refined Products
Schedule 5212
General
This schedule gathers volume and value data for
purchases and sales of raw materials and refined
products. Reported amounts must relate only to the
reporting company and its consolidated affiliates.
The "FRS Overview" section of the instructions
concerning petroleum operations should be consulted
before completing this schedule.
Volumes and values reported on Schedule 5212
should not include hedging or trading activities in
which the transactions were not settled in physical
quantities; that is, transactions in which ownership of
the raw materials or refined products was not taken.
29
Refer to the FRS Overview chapter of the Instructions, section
R. Reporting Requirements for Energy Trading Contracts, for
a further discussion of trading gains and losses.
Classify aviation gasoline and jet fuel with gasoline and
distillate fuels, respectively. Exclude consumer excise taxes.
Report petroleum volumes in thousands of barrels and natural
gas volumes in millions of cubic feet.
Lines
01.00-04.00
-Domestic
and
Foreign
Refining/Marketing Purchases and Sales of Raw Materials
Report for the Domestic and Foreign Refining/Marketing
Segment the volumes and values of raw materials purchased
and sold. Schedule 5212, line 01.00, columns A and E,
represents the volumes of crude oil and NGL purchased. The
volume of NGL purchased should only include that purchased
for use in the refining operations of the company. All other
NGL should be purchased by the Downstream Natural Gas
Line of Business. The volume of crude oil purchased should
agree with Schedule 5245, line 09.00, columns B and C.
Schedule 5212, line 01.00, columns C and G, represent the
volumes of crude oil sold and should agree with Schedule
5245, line 14.00, columns B and C. There should be no NGL
sold by Refining/Marketing. Schedule 5212, line 2, columns
A and E, represent the volumes of natural gas purchased for
use by the company in refining operations only. All other
natural gas is sold to the Downstream Natural Gas Line of
Business. Also, schedule 5212, line 04.00, columns D and H,
Totals (raw material sales), should agree with 5210, line
01.00, column F and K.
Lines
05.00-08.00
-Domestic
and
Foreign
Refining/Marketing Segment Purchases and Sales of
Refined Products
Report for the Domestic and Foreign Refining/Marketing
Segment the volumes and values of refined products
purchased and sold. Schedule 5212, line 08.00, columns D
and H, total refined product sales, should agree with 5210, line
02.00, columns F and K. Net sales (5212, line 08.00, column
C minus column A for domestic and 5212, line 08.00, column
G minus column E for foreign) should approximate total
refinery output (5242, line 18.00, column B for domestic and
column C for foreign). Such comparisons would be expected
to hold true on a product level comparison also.
Lines 09.00-11.00 -- Domestic and Foreign Production
Segment Purchase and Sales of Raw Materials
Report for the Domestic and Foreign Production Segment the
volumes and values of raw materials purchased and sold.
Note that pursuant to the FRS trading rules, the Domestic and
Foreign Production Segment is not permitted to purchase
crude oil, so only NGL's should be reported on 5212, line
09.00, columns A-B and E-F (see the FRS Overview section
of the instructions). Schedule 5212, line 9, columns C and G,
should reflect the volumes of crude oil sold to
EIA-28 Survey Instructions
Refining/Marketing, and the volumes of NGL sold to
the Refining/Marketing and Downstream Natural Gas
lines of business. The volume of NGL should be the
sum of the volume sold to Refining/Marketing for the
company’s own use and the volume sold to
Downstream Natural Gas. Likewise, the volumes of
natural gas sold on line 10, columns C and G, should
be the sum of the volumes sold to
Refining/Marketing for the company’s own use and
the volumes sold to Downstream Natural Gas.
Lines 12.00-21.00--Domestic Dispositions of
Refined Products
This section is a further breakdown of the totals
appearing above in 52l2, line 08.00, columns C & D,
and therefore line 18.00, columns B through G,
should agree with lines 05.00 through 08.00, columns
C & D, above.
Report in column H, lines 19.00, 20.00, and 21.00,
the number of active automotive outlets at period end
classified as "company operated," "lessee dealers," or
"open dealers." See the Glossary entry, "Company
Automotive (Retail) Outlet" for definitions.
Please note that the volumes and values reported on
lines 14.00 and 15.00, columns B and C, should be
for the outlets reported in column H, except that there
will be some volumes and values associated with
outlets closed during the year. In other words, except
for the outlets closed during the year, only report
outlets in column H for which volumes and values
are reported in columns B and C. Outlets for which
the company has made the decision to close prior to
year end, but were not officially closed before the
end of the year, should be reported in column H.
Outlets which are part of operations reported as
discontinued at year-end should still be reported on
Schedule 5212.
Report on line 13.00 sales to parties known to be
wholesaler-resellers, including other petroleum
companies. Report on lines 14.00 & 15.00 sales to
consumers through company automotive (retail)
outlets (see Glossary). Report on line 16.00 sales not
classified elsewhere, including primarily industrial
and commercial sales, and other sales at retail
(marinas, airports, etc.).
Purchase and sales values reported on Schedule 5212
should include transportation costs.
Domestic and Foreign Petroleum Segments
Exploration, Development, and Production
Statistics
Schedule 5241
General
Report exploration, development, and production statistics for
domestic and foreign petroleum operations as indicated.
Reported amounts must relate only to the reporting company
and its consolidated affiliates.
Acreage, Wells, and Drilling (lines 01.00-26.00)
Report information pertaining to acreage, wells, and drilling as
indicated. Refer to the Glossary for definitions of all line
items and for definitions of the foreign geographic areas listed
in column headings F - L. Acreage is considered developed
when development has been completed.
Note that information on the number of wells completed
should not reflect an end-of-period well count, but instead
should reflect the wells completed (i.e., finished) at any time
during the period, regardless of when drilling was initiated.
The number of wells refers to the number of holes drilled.
(Round to the nearest tenth of a well.)
Note that information on drilling footage (reported on lines
19.00-26.00) should reflect cumulative footage drilled for
wells completed at any time during the reporting period.
Footage should be reported in the same period as the
completed well. Corresponding costs should also be reported
in the same period on Schedule 5211.
"Gross" acreage refers to the total number of acres for all
properties in which the company has a working interest.
"Net" acreage, wells, and drilling footage refer to the
company's share of the total working interest.
Domestic and Foreign Petroleum Segments
Petroleum Refining Statistics
Schedule 5242
General
Report refining/marketing statistics for domestic and foreign
petroleum segments as indicated.
Reported amounts must relate only to the reporting company
and its consolidated affiliates.
Refineries and related
operating statistics which are reported as discontinued
operations at year-end should still be reported on Schedule
5242.
30
EIA-28 Survey Instructions
Report the company's share of gross inputs on a
calendar day basis for the period. Condensate may
be included in volumes reported. Include runs to
fractionators.
Lines 01.00-02.00--Number of Refineries
Report the number of operable petroleum refineries
l00% owned by the company and by its consolidated
affiliates (line 01.00), the number of consolidated
refineries less than 100% owned (line 02.00). DO
NOT include natural gas processing or petrochemical
plants. The number of refineries should be the
number owned or partially owned at year end.
Include in the total those refineries which the
company has agreed, prior to year end, to close or
sell, but were still owned by the company at year end.
Line 03.00— Gross Inputs at Own Refineries
Report gross inputs to atmospheric crude oil
distillation units.
Line 03.50—Other Refinery Inputs
Report all other refinery inputs including unfinished
oils and blending components.
Line 04.00-- Gross Inputs at Refineries of Others
Report gross inputs to atmospheric crude oil
distillation units processed for the company's account
at refineries that are not part of the consolidated
company.
Line 05.00--Total Inputs
Total of lines 03.00, 03.50, and 04.00.
Lines 05.50-11.00--Refinery Output at Own
Refineries
Report refinery output by product type for the period
for the reporting company and its consolidated
affiliates. Include petroleum products produced and
consumed in the refineries on Line 10.50. Refer to
the Glossary for product definitions.
Lines 11.50-17.00--Total Refinery Output at
Other's Refineries
Report refinery output by product type for the period
for the company’s account at refineries that are not
part of the consolidated company. Include petroleum
products produced and consumed in the refineries on
Line 16.00.
Line 18.00--Total Refinery Output
Total of lines 11.00 and 17.00.
31
Lines 19.00-23.00—Capacity--Barrels Per Calendar Day
Basis
Report the company's share of total refinery capacity and
changes in capacity during the year on a barrels per calendar
day basis (see Glossary) for the reporting company and its
consolidated affiliates.
Beginning of period capacity reported on line 19.00 must
agree with the prior year capacity at end of period reported on
Schedule 5242 line 23.00.
Domestic and Foreign Petroleum Segments
Sources and Dispositions of Crude and Natural
Gas Liquids
Schedule 5245
General
Read the "FRS Overview" Chapter of the instructions
concerning petroleum operations before completing this
schedule.
Report acquisitions (domestic and foreign volumes) of raw
materials as specified. Report all volumes in thousands of 42
U.S. gallon barrels (MB).
Report domestic and foreign volumes for purchase/sale
agreements and brokerage activities in accordance with the
company's normal accounting practices. Do not report
exchanges.
Report transfers of raw materials from the Production
Segment to the Refining/Marketing Segment as purchases by
the Refining/ Marketing Segment as explained in the "FRS
Overview" section of the instructions concerning petroleum
operations.
Include inter-segment transactions. Report inter-segment
transfers of refined products between Domestic and Foreign
Refining/ Marketing on line 16.00. Note that inter-segment
transfers between Domestic and Foreign Refining/Marketing
net to -0- in the total column.
Include sales to unconsolidated affiliates on line 12.00, which
is entitled "unaffiliated third parties." Note the amount of
sales to unconsolidated affiliates in a footnote at the bottom of
the schedule, if available.
EIA-28 Survey Instructions
Domestic and Foreign Petroleum
Segments
Proved Petroleum Reserves
Schedule 5246
General
Report proved reserves of crude oil (and natural gas
liquids) and natural gas (and changes therein) by the
indicated categories and geographic areas. Natural
gas and natural gas liquid reserves should be reported
on an "as sold" basis. Refer to the Glossary for
definitions.
As defined in the Glossary, natural gas liquids
include lease condensate as well as natural gas plant
liquids.
Reported amounts must relate only to the reporting
company and its consolidated affiliates, except for
proportional interest in investee reserves. Report
amounts as of the end of the reporting period unless
otherwise indicated.
Please note that amounts for "production" and "sales
of minerals in place" should be bracketed, pursuant to
the instructions pertaining to sign conventions on
page 3.
Beginning of period reserves reported on lines 01.00
and 12.00 must agree with the end of period reserves
reported on the prior year’s Form EIA-28. If prior
year ending reserves have been restated, the prior
year Schedule 5246 will need to be amended.
If the company acquired reserves through a non-cash
transaction (i.e. reserve swap), the value of the
transaction and the quantities involved should be
reported as part of Exhibit B. The same procedure
should be followed if the company paid for reserves
during the reporting year but did not take possession
until the following year, creating a timing difference.
segment eliminations. Report only elimination amounts on this
schedule.
Compiling the correct eliminations required to consolidate the
petroleum segment requires an understanding of the petroleum
segment definitions and the rules governing segment
transactions. For background on this see the "FRS Overview"
chapter of the instructions, sections B, C, and G.
The hatched out areas are provided to indicate inter-segment
transactions which are not permitted under the FRS rules or
which would not conceptually be possible in any case.
Line 8.00, column A
The total of these transactions (line 08.00, column A) will be
the Operating Revenue and General Operating Expense
elimination amounts required on Schedule 5210, column B.
Domestic and Foreign Downstream Natural Gas
Segments
Consolidating Statements of Income
Schedule 5710
General
Report consolidating results of operations assignable to
domestic and foreign downstream natural gas segments.
Refer to Section I of Chapter II for definitions of segments
(Processing, Marketing/Trading, Transmission/Distribution,
and Other) included in the domestic and foreign downstream
natural gas line of business.
In general, revenues and expenses should be associated with
costs incurred within a segment, but refer to Chapter II, "FRS
Overview," section I of the instructions for more detailed
explanations of the FRS segment reporting rules.
Column A – Consolidated
Column A contains the totals for downstream natural gas
operations, after all eliminations, and should equal amounts
reported on Schedule 5110, column F.
Domestic and Foreign Petroleum
Segments
Eliminations in Consolidation
Schedule 5250
General
This schedule summarizes the eliminations required
for the schedule 5210 income statement, which is the
petroleum schedule that contains numerous inter-
32
Column E – Processing
Classify operations in this segment that are associated with all
of the revenue and expense transactions involved in natural
gas processing and natural gas liquids production, transport,
storage, and sales.
Column F – Marketing/Trading
Classify operations in the segment that are associated with the
purchase and resale of natural gas, natural gas liquid products,
EIA-28 Survey Instructions
and liquefied natural gas apart from Distribution
segment operations.
Column G – Transmission/Distribution
Classify operations in this segment that are associated
with the bulk/wholesale delivery of natural gas. For
Transmission, do not include the cost of natural gas
or natural gas liquid products, include only those
revenue and expense transactions associated with
wholesale delivery services.
For Distribution,
include the purchase, resale and delivery of natural
gas and natural gas liquids, and local natural gas
delivery services.
Column H – Other (LNG/GTL)
Classify operations in this segment that are associated
with the production, transport, storage, and sales of
liquefied natural gas (LNG), gas-to-liquids (GTL),
and other natural gas processes not reported
elsewhere.
Column I -- Consolidated Foreign
Foreign operations in natural gas processing, NGL
production, LNG production, marketing/trading,
transmission, and distribution are reported on a
consolidated basis in this column.
Operating Revenues and Expenses
All operating revenues included on Schedule 5110
(line 01.00, column F) should equal line 08.00,
column A of Schedule 5710.
Lines 01.00 -- 02.00—Natural Gas, LNG, and
NGL Sales
Report the value of the sale or inter-segment transfer
of retail natural gas, liquefied natural gas, and natural
gas liquid products by the domestic and foreign
segments. Inter-segment transfers will be eliminated
and shown in columns B and D. The amounts
reported on lines 01.00, 01.50, and 02.00 for
consolidated domestic and consolidated foreign will
equal domestic and foreign sales reported on
Schedule 5712, lines 16, 21, and 26, respectively.
Note: Revenues and costs are to be reported gross
from product sales and purchases related to trading
activities in which transactions are physically
settled; that is, physical possession as well as
ownership is taken by the respondent or tendered by
the respondent to the buyer.
Gains or losses from transactions that are financially
settled or otherwise not physically settled, should be
reported on a net basis on line 5.
33
Refer to the FRS Overview chapter of the Instructions, section
R. Reporting Requirements for Energy Trading Contracts, for
a further discussion of trading gains and losses.
Line 03.00 -- Transportation Sales
Report all revenues derived from delivery services of the
Transmission and Distribution segment operations, columns
G, H, and I. Report all other transportation revenues under the
appropriate column heading.
Line 04.00 -- Other Product Sales
Report all sales of products and services associated with the
downstream natural gas operations, other than natural gas,
natural gas liquids, or liquefied natural gas.
Line 05.00 -- Hedging/Derivatives
Report gains and losses, on a net basis, associated with
derivative accounting/hedging contracts that are financially
settled or otherwise not physically settled. Do not include the
revenue associated with the actual product, as this is reported
on lines 01.00 - 02.00.
Hedging activities related to production of natural gas should
be reported in the production segment (5210, column E) of the
petroleum line of business.
Line 06.00 -- Management and Processing Fees
Report all management and processing fee revenues for each
applicable segment, domestic and foreign. Include amounts
paid to the consolidated reporting company for processing
natural gas or other raw materials for the accounts of third
parties.
Line 07.00 -- Other Revenues
Report all other domestic and foreign operating revenues not
included on lines 01.00 through 06.00.
Line 08.00 -- Total Operating Revenues
Total of lines 01.00 through 07.00.
Lines 09.00 through 22.00
Refer to the instructions for Schedule 5110 for definitions
applicable to these lines on Schedule 5710. Amounts reported
in column A must agree with amounts reported in column F on
Schedule 5110. The amounts reported on line 09.00, General
Operating Expenses, are further detailed on Schedule 5711.
Eliminations
Report in column D the domestic inter-segment eliminations.
Report in column B eliminations between domestic and
foreign transactions/transfers.
EIA-28 Survey Instructions
Domestic and Foreign Downstream
Natural Gas Segments General
Operating Expense Detail
Schedule 5711
General
This schedule contains general operating expense
details for domestic and foreign downstream natural
gas operations.
Lines 01.00 - 09.00 -- Processing
Lines 01.00 through 06.00 pertain to natural gas
processing and the production of natural gas liquids.
Report all costs associated with the purchase of
natural gas and natural gas liquids for natural gas
processing and the production of natural gas liquids
on lines 01.00 and 02.00, respectively.
Report all natural gas and natural gas liquids used as
NGL plant fuel (own consumption) on line 03.00,
this will be an offset/reduction from lines 01.00
through 02.00.
Report on line 04.00 the cost of energy consumed in
the production of NGL at the plant.
Report on line 05.00 the cost of storage of natural gas
and natural gas liquids. Also include any other
storage and supply expenses that support or are
ancillary to the inventory.
Report any other natural gas processing or NGL plant
operating expenses on line 06.00.
Report on line 07.00 any other expenses included in
the Processing sub-segment that would not have been
applicable to lines 01.00 – 06.00.
Line 09.00 (the sum of lines 01.00 – 08.00), Total
Processing, should equal the amount reported on
Schedule 5710, line 09.00, column E.
Line 13.00 Total Trading, is the sum of lines 10.00 – 12.00.
Line 13.00 should equal the amount reported on Schedule
5710, line 09.00, column F.
Lines 18.00 – 23.00 – Transmission/Distribution
Lines 18.00 through 19.00 include the cost of the purchases of
volumes of natural gas, liquefied natural gas, and natural gas
liquids for resale by local distribution operations. Any cost of
delivering the products should be included in line 20.00.
Report on line 21.00 the operating cost of any storage facilities
for natural gas, liquefied natural gas, and natural gas liquids
related to transmission or distribution.
Include in line 22.00, the amount of any other transmission or
distribution related expenses.
Line 23.00 is the sum of lines 18.00 – 22.00. The amount
reported on line 23.00 should equal the reported amount on
Schedule 5710, line 09.00, column G.
Lines 24.00 – 27.00 – Other (LNG, GTL)
Report on Line 24.00 costs associated with LNG liquefaction
operations.
Report on line 25.00 costs associated with LNG regasification
operations.
Report on line 26.00 any other expenses related to
downstream natural gas operations not reported elsewhere.
Line 27.00 is the sum of lines 24.00 – 26.00. Line 27.00
should equal the reported amount on Schedule 5710, line
09.00, column H.
Downstream Natural Gas Segments
Purchases and Sales of Natural Gas, LNG, and
NGLs
Schedule 5712
General
Lines 10.00 - 13.00 -- Marketing/Trading
Lines 10.00 – 13.00 include the cost of brokering
volumes of natural gas, liquefied natural gas, and
natural gas liquids.
Lines 10.00 through 11.00 represent the cost of the
product purchased from consolidated affiliates,
unconsolidated affiliates and/or third parties.
Line 12.00 includes all other costs associated with
marketing/trading activity.
34
This schedule gathers volume and value data for purchases
and sales of domestic and foreign natural gas, liquefied natural
gas, and natural gas liquids. Section I of Chapter II of the
instructions concerning downstream natural gas operations
should be consulted before completing this schedule. All
volumes and values reported on this schedule should be prior
to any inter-segment elimination. Reported amounts must
relate only to the reporting company and its consolidated
affiliates.
EIA-28 Survey Instructions
Volumes and values reported on Schedule 5712
should not include trading activities in which the
transactions were not settled in physical quantities;
that is, transactions in which ownership of the
product was not taken.
Refer to the FRS Overview chapter of the
Instructions, section R. Reporting Requirements for
Energy Trading Contracts, for a further discussion of
trading gains and losses.
Exclude consumer excise taxes. Report natural gas
volumes in millions of cubic feet and natural gas
liquids volumes in thousands of barrels.
Lines 01.00-04.00 – Natural Gas Purchases
On lines 01.00 - 03.00 the volumes and values
purchased, for domestic and foreign operations. Line
01.00 reports the volumes and value of the transfers
from upstream petroleum consolidated affiliates.
Line 02.00 reports volumes and values of transfers
between foreign and domestic operations. Line 03.00
reports volumes and values purchased from third
parties. Any purchases from unconsolidated affiliates
should be included in line 03.00.
Note: for transfers between domestic and foreign on
line 02.00, report the purchases on line 02.00
columns A and B (for transfers from foreign to
domestic), or C and D (for transfers from domestic to
foreign). The sales should be reported on line 12.00,
in columns A and B, or C and D, as appropriate.
Line 04.00 (the sum of lines 01.00 - 03.00), column
B should equal the total of the amounts reported on
Schedule 5711, lines 01.00 + 10.00 + 18.00, minus
any intersegment amounts included in 5711.
Lines 05.00-07.00 – Liquefied Natural Gas
Purchases
On lines 05.00 - 07.00 the volumes and values
purchased for domestic and foreign operations. Line
05.00 reports the volumes and value of transfers
between foreign and domestic operations. Line 06.00
is used for the volumes and values purchased from
third parties.
Note: for transfers between domestic and foreign on
line 05.00, report the purchases on line 05.00
columns A and B (for transfers from foreign to
domestic), or C and D (for transfers from domestic to
foreign). The sales should be reported on line 17.00,
in columns A and B, or C and D, as appropriate.
Line 07.00 (the sum of lines 05.00 and 06.00),
column B should equal the total of the amounts
35
reported on Schedule 5711, lines 01.50 + 10.50 + 18.50,
minus any intersegment amounts included in 5711.
Lines 08.00-11.00– Natural Gas Liquids Purchases
On lines 08.00 - 11.00 the volumes and values purchased for
domestic and foreign operations. Line 08.00 reports the
volumes and value of the transfers from upstream petroleum
consolidated affiliates. Line 09.00 reports volumes and values
of transfers between foreign and domestic operations. Line
10.00 is used for the volumes and values purchased from third
parties.
Note: for transfers between domestic and foreign on line
09.00, report the purchases on line 09.00 columns A and B
(for transfers from foreign to domestic), or C and D (for
transfers from domestic to foreign). The sales should be
reported on line 22.00, in columns A and B, or C and D, as
appropriate.
Line 11.00 (the sum of lines 08.00 - 10.00), column B should
equal the total of the amounts reported on Schedule 5711,
lines 02.00 + 11.00 + 19.00, minus any intersegment amounts
included in 5711.
Lines 12.00-16.00 – Natural Gas Sales
On line 12.00 report volumes and values of sales to other
company operations outside of the downstream natural gas
line of business, including any sales to the petroleum line of
business consolidated affiliates. Also include the sales part of
the transaction reported on line 02.00.
On line 13.00 report volumes and values of sales to third
parties known to be wholesale/resellers including direct sales
to end-use customers requiring large volumes of product.
On line 14.00 report volumes and values of sales to third-party
end users.
Sales to unconsolidated affiliates are included with third-party
sales.
Line 15.00 is the sum of lines 13.00 and 14.00.
Line 16.00 is the sum of lines 12.00 and 15.00. Line 16.00,
column B equals line 01.00, column C of Schedule 5710 and
line 16.00, column D equals line 01.00, column I of Schedule
5710.
Lines 17.00-21.00 – Liquefied Natural Gas Sales
On line 17.00 report volumes and values of sales to other
company operations outside of the downstream natural gas
line of business, including any sales to the petroleum line of
business consolidated affiliates. Also include the sales part of
the transaction reported on line 05.00.
EIA-28 Survey Instructions
On line 18.00 report volumes and values of sales to
third parties known to be wholesale/resellers
including direct sales to end-use customers requiring
large volumes of product.
Page 1 – Domestic and foreign capacity statistic details for the
end of the reporting period.
Page 2 – Worldwide, domestic, and foreign product output
statistics for the reporting period.
On line 19.00 report volumes and values of sales to
third-party end users.
Reported amounts must relate only to the reporting company
and its consolidated affiliates. Do not include natural gas
owned by third parties that is processed by the reporting party.
Sales to unconsolidated affiliates are included with
third-party sales.
Line 20.00 is the sum of lines 18.00 and 19.00.
Line 21.00 is the sum of lines 17.00 and 20.00.
Include line 21.00, column B in line 01.50, column C
of Schedule 5710, and line 21.00, column D in line
01.50, column I of Schedule 5710.
Lines 22.00-26.00 – Natural Gas Liquids Sales
On line 22.00 report volumes and values of sales to
other company operations outside of the downstream
natural gas line of business, including any sales to the
petroleum line of business consolidated affiliates.
Also include the sales part of the transaction reported
on line 09.00.
On line 23.00 report volumes and values of sales to
third parties known to be wholesale/resellers
including direct sales to end-use customers requiring
large volumes of product.
On line 24.00 report volumes and values of sales to
third-party end users.
Sales to unconsolidated affiliates are included with
third-party sales.
Line 25.00 is the sum of lines 23.00 and 24.00.
Line 26.00 is the sum of lines 22.00 and 25.00. Line
26.00, column B equals line 02.00, column C of
Schedule 5710 and line 26.00, column D equals line
02.00, column I of Schedule 5710.
Domestic and Foreign Downstream
Natural Gas Segments
Capacity and Output Statistics
Schedule 5741
General
Report downstream natural gas and natural gas liquid
capacity and output statistics as follows:
36
For Page 1:
Lines 1.00 – 4.60 -- Processing
Report the natural gas capacity statistics as detailed.
Note: For FRS purposes, if a plant produces NGLs, then it is a
processing plant. If it only removes impurities, it is a
treatment plant
Lines 05.00 – 06.00 -- LNG Liquefaction/Regasification
Facilities
Report the capacity statistics for LNG liquefaction and
regasification facilities as detailed.
Lines
07.00
–
10.00
-Natural
Gas
Transmission/Distribution
Report the natural gas transmission/distribution capacity
statistics as detailed.
Lines 13.00 – 14.00 – NGL/LPG Pipelines
Report the NGL/LPG pipeline statistics as detailed.
For Page 2:
Lines 15.00 – 17.50 -- Processing
Report the natural gas processing and NGL production
statistics as detailed. NGL production reported on line 15.00
represents natural gas plant liquids as defined in the Glossary,
which excludes lease condensate. On line 15.00, include NGL
production for the company’s account by processing plants of
others (plants not included in line 02.00). On line 16.00,
include NGLs owned by the reporting company in storage
facilities of others. For lines 17.00 and 17.50, include natural
gas inputs to natural gas processing plants. For FRS purposes,
if a plant produces any NGLs, then it is a processing plant. On
line 17.00 include natural gas processed by the reporting
company and its consolidated affiliates. On line 17.50 include
natural gas processed for the company’s account by others.
Lines 18.00 – 19.00 – LNG Facilities
On line 18.00, report LNG production at the LNG liquefaction
plants of the reporting company and its consolidated affiliates.
On line 19.00, report the amount of LNG regasified at the
facilities of the reporting company and its consolidated
affiliates.
EIA-28 Survey Instructions
Lines 21.00 – 24.00 – Transmission/Distribution
Report natural gas transmission and distribution
throughput statistics.
Electric Power Segments
Consolidating Statements of Income
Schedule 5810
product; include only those revenue and expense transactions
associated with wholesale product delivery. For Distribution,
include the costs associated with the purchase, resale, and
delivery of the electric power product, and the local electric
power delivery services.
Column I -- Consolidated Foreign
Foreign operations in Generation, Marketing/Trading, and
Transmission/Distribution are reported on a consolidated basis
in this column.
General
Report the consolidating results of operations
assignable to domestic and foreign electric power
segments.
Refer to Section J of Chapter II of the Instructions for
definitions of segments in the Electric Power line of
business (Generation, Marketing/Trading, and
Transmission/Distribution).
Operating Revenues and Expenses
Operating revenues included on Schedule 5110 (line 01.00,
column G) should equal line 06.00, column A of Schedule
5810.
be
but
the
the
Line 01.00 -- Power Sales
Report the value of the sale or inter-segment transfer of
electric power by the domestic and foreign operations. Intersegment transfers will be eliminated and shown in columns D
(domestic) and B (between domestic and foreign). The
amounts reported on line 01.00 for the applicable segments
both domestic (columns E, F, and H) and foreign (column I)
should equal sales amounts reported on Schedule 5812.
Column A represents the totals for electric power
operations, after all eliminations, and should equal
amounts reported on Schedule 5110, column G.
Note: Revenues and costs are to be reported gross from power
sales and purchases related to trading activities in which
transactions are physically settled; that is, physical possession
as well as ownership is taken by the respondent or tendered by
the respondent to the buyer.
In general, revenues and expenses should
associated with costs incurred within a segment,
refer to Chapter II, "FRS Overview," of
instructions for more detailed explanations of
FRS segment reporting rules.
Column A -- Consolidated Total
Column E -- Generation (Regulated and
Non-Regulated)
Classify operations in this segment that are associated
with the processing of fuel into electric power. This
includes the cost of the fuel as well as operating and
maintaining all of the mechanical, electrical and other
plant systems required to produce electricity and
place it on the delivery grid. For domestic generation,
combine the operations associated with regulated
generation and non-regulated generation. Do not
include purchases of electric power for resale.
Column F -- Marketing/Trading
Classify operations in this segment that are associated
with the purchase and resale of the electric power
product apart from Distribution operations.
Column H – Transmission/Distribution
Include Transmission operations in this segment that
are associated with the bulk/wholesale delivery of the
electric power product.
For the Transmission
portion, do not include the cost of the electric power
37
Gains or losses from transactions that are financially settled
or otherwise not physically settled, should be reported on a net
basis on line 4.
Refer to the FRS Overview chapter of the Instructions, section
R. Reporting Requirements for Energy Trading Contracts, for
a further discussion of trading gains and losses.
Line 02.00 -- Transportation Sales
Report all revenues derived from delivery services in the
Transmission/Distribution segment operations (columns H and
I) and any transport sales by Marketing/Trading in column F.
Line 03.00 – Other Product Sales
Report all sales of products associated with the electric power
operations, other than the electric power itself. This could
include, but not be limited to street lighting, joint use facilities,
reconnection fees, automated meter reading devices, etc.
EIA-28 Survey Instructions
Line 04.00—Hedging/Derivatives
Report revenues, on a net basis, associated with
derivative accounting/hedging contracts that are
financially settled or otherwise not physically settled.
Do not include the revenue associated with the actual
product, as this is reported on line 01.00.
Line 05.00 -- Other Revenues
Report all other domestic and foreign operating
revenues not included on lines 01.00 through 04.00.
Revenues associated with non-energy product sales
should be reported on Schedule 5110, line 01.00,
column H.
Line 06.00 --Total Operating Revenues
Total of lines 01.00 through 05.00.
Line 04.00 is the sum of lines 01.00 – 03.00.
Line 05.00 is to be used to report all other operation,
maintenance and administrative expenses for generation.
Line 06.00 is the sum of all generation operating expenses and
should equal the amount reported on Schedule 5810, line
07.00, column E.
Lines 07.00 – 09.00 -- Marketing/Trading Expense
Lines 07.00 – 09.00 include the cost of brokering volumes of
electric power.
Line 07.00 represents the cost of the product purchased from
consolidated generating affiliates, unconsolidated generating
affiliates, and/or third parties.
Line 07.00 through 20.00
Refer to the instructions for Schedule 5110 for
definitions applicable to these lines on Schedule
5810. Amounts reported in column A must agree
with amounts reported in column G on Schedule
5110.
Line 08.00, Other Expense, reports all operating expenses
other than the purchase of electric power.
Amounts reported on line 07.00, General Operating
Expenses (domestic), are further detailed on Schedule
5811, lines 6, 9, and 13.
Lines 11.00 – 13.00 – Transmission/Distribution Expense
Line 11.00 includes the cost of purchases of volumes of
electric power for resale. Any cost of delivering the power
should be included in line 12.00.
Line 09.00 is the sum of lines 07.00 and 08.00. Line 09,
should equal the amount reported on Schedule 5810, line
07.00, column F.
Eliminations
Column D is used to eliminate inter-segment
transactions for the domestic operations.
Column B is used to eliminate transactions between
the foreign and domestic operations.
Domestic Electric Power Segments
General Operating Expense Detail
Schedule 5811
General
This schedule contains general operating expense
details for total domestic electric power operations.
Line 12.00 includes the cost of delivering the power plus the
amount of any other transmission/distribution related expense.
Line 13.00 is the sum of lines 11.00 – 12.00. The amount
reported on line 13.00 should equal the reported amount on
Schedule 5810, line 07.00, column H.
Electric Power Segments
Purchases and Sales of Fuel and Electric Power
Schedule 5812
General
Lines 01.00 – 06.00 -- Generation Expense
Lines 01.00 through 06.00 pertain to the generation
of electric power.
Report all costs associated with the purchase of fuel
specifically used for the generation of electric power
on line 01.00. The amount should equal the amount
reported on Schedule 5812, line 06.00, column B.
Report all other cost of purchasing, transporting and
handling the fuel on lines 02.00 and 03.00.
38
The schedule gathers domestic and foreign volume and value
data for purchases and sales of electric power. Section J of
Chapter II, "FRS Overview," of the instructions concerning
electric power operations should be consulted before
completing this schedule. All volumes and values reported on
this schedule should be prior to any elimination entries.
Volumes and values reported on Schedule 5812 should not
include trading activities in which the transactions were not
settled in physical quantities; that is, transactions in which
ownership of the product was not taken.
EIA-28 Survey Instructions
Refer to the FRS Overview chapter of the
Instructions, section R. Reporting Requirements for
Energy Trading Contracts, for a further discussion of
trading gains and losses.
Exclude consumer excise taxes. Report electric
power volumes in megawatt hours.
Columns A and B -- Domestic
Line 07.00 reports the volumes and values of electric
power purchased by the marketing/trading and
distribution segments from the generation segment,
from unconsolidated affilates, and from third-parties.
Line 07.00 should equal the total of the amounts
reported on Schedule 5811, lines 07.00 and 11.00.
On line 16.00, report the volumes and values of total
electric power sales. Column B should equal the
total of the amounts reported on Schedule 5810, line
01.00, columns E +F+H.
Columns C and D -- Consolidated Foreign
Line 07.00 reports the volumes and values of electric
power purchased. The amount in lines 07.00, column
D, should be less than the amount reported on
Schedule 5810, line 07.00, column I.
On line 16.00 report volume and value of electric
power sales by foreign electric power operations.
Line 16.00, column D should equal Schedule 5810,
line 01.00, column I.
Electric Power Segments
Capacity and Output Statistics
Schedule 5841
General
Report electric power capacity (net summer capacity)
and output statistics as follows:
Lines 10.00 – 12.00 – Domestic and foreign capacity
statistic details for capacity at the end of the reporting
period.
Lines 24.00 and 26.00 – Domestic and foreign
electric power output statistics for the reporting
period.
39
Consolidated amounts must relate only to
company and its consolidated affiliates.
unconsolidated joint ownership of assets,
company should only report the capacity and
ownership share of the asset.
the reporting
In cases of
the reporting
output of their
| File Type | application/pdf |
| File Title | Microsoft Word - EIA28 Instructions 2009-draft-0730.doc |
| Author | JWO |
| File Modified | 2009-08-27 |
| File Created | 2009-08-27 |