Reserve-recognition accounting: how it works

Journal Article · Mon Sep 01 04:00:00 EDT 1980 · Oil Gas Tax Q.; (United States)

OSTI ID:6770176

Grier, J D; Miglicco, G J

Reserve Recognition Accounting (RRA) may be required in the future for private oil and gas producers as it now is for public companies. A review of how RRA is applied to some accounting transactions and the requirements of the supplemental earnings summary and the statement of changes in present value of future net revenues includes sample computations to show how RRA will affect both day-to-day operations and annual-reporting requirements for producers.

• OSTI ID: 6770176
• Journal Information: Oil Gas Tax Q.; (United States), Journal Name: Oil Gas Tax Q.; (United States) Vol. 29:1; ISSN OGTQD
• Country of Publication: United States
• Language: English

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02 PETROLEUM
020700 -- Petroleum-- Economics
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03 NATURAL GAS
030600 -- Natural Gas-- Economic
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29 ENERGY PLANNING, POLICY, AND ECONOMY
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ACCOUNTING
INCOME
INDUSTRY
NATURAL GAS INDUSTRY
PETROLEUM INDUSTRY
TAXES