Fundamentals of oil & gas accounting / Charlotte J. Wright and Rebecca A. Gallun.

Format:

Book

Author/Creator:

Wright, Charlotte J.

Contributor:

Gallun, Rebecca A.

Language:

English

Subjects (All):

Petroleum industry and trade--Accounting.

Petroleum industry and trade.

Gas industry--Accounting.

Gas industry.

Physical Description:

1 online resource (786 p.)

Edition:

5th ed.

Other Title:

Fundamentals of oil and gas accounting

Place of Publication:

Tulsa, Okla. : PennWell, c2008.

Language Note:

English

Summary:

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

Contents:

""Contents""; ""UPSTREAM OIL AND GAS OPERATIONS""; ""INTRODUCTION TO OIL AND GAS ACCOUNTING""; ""NONDRILLING EXPLORATION COSTS�SUCCESSFUL EFFORTS""; ""ACQUISITION COSTS OF UNPROVED PROPERTY�SUCCESSFUL EFFORTS""; ""DRILLING AND DEVELOPMENT COSTS�SUCCESSFUL EFFORTS""; ""PROVED PROPERTY COST DISPOSITION�SUCCESSFUL EFFORTS""; ""FULL COST ACCOUNTING""; ""ACCOUNTING FOR PRODUCTION ACTIVITIES""; ""ACCOUNTING FOR ASSET RETIREMENT OBLIGATIONS""; ""AND ASSET IMPAIRMENT""; ""ACCOUNTING FOR REVENUE FROM OIL AND GAS SALES""; ""BASIC OIL AND GAS TAX ACCOUNTING""; ""JOINT INTEREST ACCOUNTING""

""CONVEYANCES""""OIL AND GAS DISCLOSURES""; ""ACCOUNTING FOR INTERNATIONAL PETROLEUM OPERATIONS""; ""ANALYSIS OF OIL AND GAS COMPANIES� FINANCIAL STATEMENTS""; ""AUTHORIZATION FOR EXPENDITURE""; ""Regulation S-X 4-10""; ""Index""

Notes:

Rev. ed. of: Fundamentals of oil & gas accounting / Rebecca A. Gallun ... [et al.]. 4th ed.

Includes bibliographical references and index.

ISBN:

1-62870-302-4