Patent ID: 7895051
Filing Date: 2011-02-22
Classification: G06Q

Abstract:
1. A method for computing an actual sales value or an actual delivery value for all of a plurality of commodities of a comingled hydrocarbon fluid stream, comprising the steps of: c. determining a plurality of molecular compositions, one molecular composition for each of the hydrocarbon samples, wherein each of the molecular compositions comprises a plurality of components; d. applying a virtual tag to each of the plurality of components, forming a plurality of tagged components for each hydrocarbon sample; e. entering the plurality of tagged components into a process simulation model (PSM) for a specified facility; f. using a computer processor with the process simulation model (PSM) for the specified facility to compute a theoretical comingled hydrocarbon fluid stream molecular composition and compute a member of the group consisting of: a component mass, a component volume, a component energy, or combinations thereof, for each theoretical comingled hydrocarbon fluid stream molecular composition using the mass, the volume, the energy, or combinations thereof of the plurality of hydrocarbon fluid streams; and g. using at least one computer processor, pro-rate the theoretical comingled hydrocarbon fluid stream molecular composition to an agreed upon volume, an agreed upon mass, an agreed upon energy, or combinations thereof, between a buyer and a seller, to form the actual sales value or actual delivery value for each component in the comingled hydrocarbon fluid stream.