What is exempt well in SAP IS-OIL-PRA - Production and Revenue Accounting?

SAP Term: exempt well

• Component: IS-OIL-PRA

• Component Name: Production and Revenue Accounting

• Description: The wells exempted from tax by the State of Louisiana for a particular period.

Smart SAP Assistant

• Key Concepts: 
  Exempt wells are wells that are not subject to production and revenue accounting (PRA) regulations. These wells are typically owned by the government or a public entity and are not subject to the same regulations as other wells. 
  
  How to use it: 
  In SAP IS-OIL-PRA, exempt wells are identified in the system and excluded from production and revenue accounting calculations. This allows for accurate calculations of production and revenue for all other wells in the system. 
  
  Tips & Tricks: 
  It is important to ensure that all exempt wells are correctly identified in the system so that they are excluded from calculations. This will ensure that all calculations are accurate and up-to-date. 
  
  Related Information: 
  For more information on exempt wells, please refer to the SAP IS-OIL-PRA documentation. Additionally, you can contact your local SAP representative for more information on how to identify and exclude exempt wells from production and revenue accounting calculations.