How to use or fill out forecast instructions oil information with our platform
- Click ‘Get Form’ to open the forecast instructions oil information in the editor.
- Begin by completing the taxpayer information section. Input the name and contact details of the person responsible for queries regarding the production forecast. The company name, ID, and address should auto-populate.
- If you prefer to import data, click on the designated link to upload a .xls or .xlsx file. Alternatively, proceed by entering data manually and click 'Next' at the bottom.
- Select participating areas from the dropdown menu. If your company does not plan for sustained production in any Alaskan property over the next five years, check the box provided.
- Enter reserve estimate totals for each area by selecting the area link and inputting required reserve estimates and end-of-property life information.
- For monthly forecasts, enter average daily oil production for each month and indicate if included in proved reserves. Repeat this for annual forecasts as well.
- Document planned downtime by selecting 'Add a Record' for any scheduled maintenance or expansions through 2022.
- Record unplanned downtime as a percentage for both past two and a half years and estimated future downtime.
- Input drilling activity details by selecting 'Add a Record' for any planned drilling activities through 2022.
- Finalize your submission by reviewing all entered information, ensuring accuracy before clicking 'Submit' and e-signing with your password.
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