Fundamentals of oil and gas accounting

Book · Sat Jan 01 04:00:00 EST 1983

OSTI ID:6076069

Gallum, R A; Stevenson, J W

This volume unravels the intricacies of basic petroleum accounting brought about by today's rules and regulations. It leads from an overview of understanding reservoirs and exploration to the rudiments of the three major accounting methods-successful efforts, full cost, and tax. Abundant flow charts, helpful diagrams, and a wealth of example problems show how to deal with all types of petroleum accounting situations. Contents: Profile of petroleum operations; Introduction to oil and gas accounting; Predrilling exploration costs under SE; Acquisition costs under SE; Proved property cost disposition under SE; Full cost accounting; Accounting for product cost and revenue from sales; Basic oil and gas tax accounting; Windfall Profit Tax; Complex mineral interests; Conveyances; Reserve recognition accounting; Proposed required disclosures concerning oil and gas producing activities; SEC Section 210.4-10; FASB Statements No. 19 and 25.

• OSTI ID: 6076069
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
03 NATURAL GAS
030600 -- Natural Gas-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
ACCOUNTING
COST
DIAGRAMS
DRILLING
ENERGY ACCOUNTING
ENERGY ANALYSIS
ENERGY SOURCES
EXPLORATION
FLOWSHEETS
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
MINERAL RIGHTS
NATURAL GAS
PETROLEUM
REGULATIONS
TAXES
WELL DRILLING
WINDFALL PROFITS TAX