{"id":21240,"date":"2026-08-18T13:41:46","date_gmt":"2026-08-18T18:41:46","guid":{"rendered":"https:\/\/upstreamreporting.app\/support\/?p=21240"},"modified":"2026-08-18T13:41:46","modified_gmt":"2026-08-18T18:41:46","slug":"using-net-value-net-volume-and-implied-price-in-los-layouts","status":"publish","type":"post","link":"https:\/\/upstreamreporting.app\/support\/?p=21240","title":{"rendered":"Using Net Value, Net Volume, and Implied Price in LOS Layouts"},"content":{"rendered":"\n

Upstream+ gives you more control over how individual accounts are displayed in a Lease Operating Statement (LOS). In addition to the standard financial presentation of an account, an LOS layout can display certain accounts using Net Value<\/strong>, Net Volume<\/strong>, or Implied Price<\/strong>.<\/p>\n\n\n\n

These options are especially useful for revenue accruals, production-related accounts, financial reporting layouts, and other situations where the same source account may need to be represented differently depending on the purpose of the report.<\/p>\n\n\n\n

Where These Options Are Used<\/h2>\n\n\n\n

These display options are configured in the LOS Layout Builder.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Because they are applied at the individual layout-item level, you can use the same underlying account differently in different LOS layouts without changing the original imported accounting data.<\/p>\n\n\n\n

For example, one layout could display an account as a financial value while another layout could use that same account to show volume.<\/p>\n\n\n\n

Net Value<\/h2>\n\n\n\n

Net Value<\/strong> displays the monetary value associated with the selected account.<\/p>\n\n\n\n

This can be useful when an account contains both monetary and production-related information and you specifically want the dollar value represented in the LOS.<\/p>\n\n\n\n

Net Value is different from Net Volume: it represents the financial amount associated with the account rather than the quantity produced or sold.<\/p>\n\n\n\n

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Note:<\/strong> The treatment of accounting signs for the Net Value option may depend on the financial system and the account’s reporting configuration. Upstream+ preserves the underlying accounting information so credits, debits, reversals, and adjustments are not lost.<\/p>\n<\/blockquote>\n\n\n\n

Net Volume<\/h2>\n\n\n\n

Net Volume<\/strong> displays the volume associated with the selected account rather than its monetary value.<\/p>\n\n\n\n

Examples may include:<\/p>\n\n\n\n

    \n
  • MCF of gas<\/li>\n\n\n\n
  • BBL of oil<\/li>\n\n\n\n
  • Other production or sales quantities supplied by the accounting data<\/li>\n<\/ul>\n\n\n\n

    Net Volume is particularly useful for accounts such as revenue accrual accounts where both a financial value and a volume may be recorded.<\/p>\n\n\n\n

    Upstream+ preserves the sign of the underlying volume rather than automatically converting every volume to an absolute value. This helps retain the accounting meaning of adjustments and reversals.<\/p>\n\n\n\n

    Implied Price<\/h2>\n\n\n\n

    Implied Price<\/strong> calculates the price represented by the revenue and volume recorded for an account.<\/p>\n\n\n\n

    The calculation is:<\/p>\n\n\n\n

    Implied Price = Gross Revenue Value \u00f7 Volume<\/strong><\/p>\n\n\n\n

    For this calculation, Gross Revenue Value means the sales value before revenue taxes, deductions, or other reductions are applied<\/strong>.<\/p>\n\n\n\n

    It does not mean the gross working-interest or 8\/8 value of the entire well.<\/p>\n\n\n\n

    Example<\/h3>\n\n\n\n

    If an account contains:<\/p>\n\n\n\n

      \n
    • Gross Revenue Value: $10,000<\/li>\n\n\n\n
    • Volume: 1,000 MCF<\/li>\n<\/ul>\n\n\n\n

      Then:<\/p>\n\n\n\n

      $10,000 \u00f7 1,000 MCF = $10.00\/MCF<\/strong><\/p>\n\n\n\n

      The resulting Implied Price is $10.00 per MCF<\/strong>.<\/p>\n\n\n\n

      Why Revenue Deductions Are Not Included<\/h2>\n\n\n\n

      Revenue taxes and deductions reduce the amount ultimately received, but they are not part of the commodity price used for the Implied Price calculation.<\/p>\n\n\n\n

      For example:<\/p>\n\n\n\n

        \n
      • Gross Revenue: $10,000<\/li>\n\n\n\n
      • Revenue Taxes and Deductions: $1,500<\/li>\n\n\n\n
      • Net Revenue: $8,500<\/li>\n\n\n\n
      • Volume: 1,000 MCF<\/li>\n<\/ul>\n\n\n\n

        The Implied Price is calculated using the $10,000 gross revenue value<\/strong>, not the $8,500 remaining after deductions:<\/p>\n\n\n\n

        $10,000 \u00f7 1,000 = $10.00\/MCF<\/strong><\/p>\n\n\n\n

        This allows the calculated price to be compared more directly with market pricing and other sales-price benchmarks.<\/p>\n\n\n\n

        What Happens When Volume Is Zero?<\/h2>\n\n\n\n

        A price cannot be calculated when the associated volume is zero or unavailable.<\/p>\n\n\n\n

        In those cases, Upstream+ leaves the Implied Price blank rather than attempting to divide by zero or display a misleading value.<\/p>\n\n\n\n

        Choosing the Right Display Type<\/h2>\n\n\n\n

        Use Net Value<\/strong> when you want to see the financial amount associated with the account.<\/p>\n\n\n\n

        Use Net Volume<\/strong> when you want to see the quantity associated with the account.<\/p>\n\n\n\n

        Use Implied Price<\/strong> when you want Upstream+ to calculate the effective sales price represented by gross revenue and volume.<\/p>\n\n\n\n

        Because these settings belong to the LOS layout, they can be customized for the reporting needs of different organizations, stakeholders, or financial reporting workflows.<\/p>\n\n\n\n

        <\/p>\n\r\n\t\t\t

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