Fundamentals of Oil & Gas Accounting

by Charlotte Wright, Rebecca Gallun

Overview

An excellent training manual and professional reference, Fundamentals of Oil & Gas Accounting, 5th Edition, is packed with examples, diagrams, and appendices. The scope of this text is simply unmatched. The book has been completely updated to reflect the current issues facing oil and gas producers operating in both U.S. and international locations.


Inside you'll find:
• A new chapter on asset retirement obligations and asset impairment
• An added section on project analysis and investment decision making
• Updated coverage of asset exchanges and fair value reporting requirements
• Thorough discussion of oil and gas pricing and marketing arrangements
• Updated examples and homework problems

Product Details

ISBN-13:	9781593701376
Publisher:	PennWell Corporation
Publication date:	08/13/2008
Edition description:	Older Edition
Pages:	784
Product dimensions:	7.20(w) x 10.30(h) x 1.80(d)

Table of Contents

• Upstream Oil and Gas Operations
• Introduction to Oil and Gas Accounting
• Oil and Gas Reserves
• Nondrilling Exploration Costs—Successful Efforts
• Acquisition Cost of Unproved Property—Successful Efforts
• Drilling and Development Costs—Successful Efforts
• Proved Property Cost Disposition—Successful Efforts
• Full Cost Accounting
• Production Activities and Project Analysis
• Asset Retirement and Environmental Obligations
• Impairment and Disposal of Long-Lived Assets
• Accounting for Revenue from Oil and Gas Sales
• Basic Oil and Gas Tax Accounting
• Joint Interest Accounting
• Conveyances
• Oil and Gas Disclosures
• Analysis of Oil and Gas Companies’ Financial Statements
• Accounting for International Petroleum Operations