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Table Of Contents

ACCOUNTING DILEMMAS
HISTORY OF THE PETROLEUM INDUSTRY IN THE UNITED STATES
STATISTICAL HISTORY OF THE PETROLEUM INDUSTRY
A FOCUS ON ADDING RESERVE VALUE
PETROLEUM ECONOMICS TODAY FROM A GLOBAL PERSPECTIVE
THE FRAMEWORK FOR U.S. ECONOMICS
ORGANIZATION OF AN E&P COMPANY
EXPLORATION DEPARTMENT
DRILLING AND PRODUCTION DEPARTMENT
MARKETING DEPARTMENT
ADMINISTRATIVE DEPARTMENT
ORGANIZATION OF THE ACCOUNTING FUNCTION
INFORMATION SYSTEMS
OUTSIDE ORGANIZATIONS
HISTORICAL BACKGROUND
CLASSIFICATION OF COSTS INCURRED
CHART OF ACCOUNTS
OVERVIEW OF FULL COST ACCOUNTING
OVERVIEW OF INCOME TAX ACCOUNTING
GEOLOGICAL AND GEOPHYSICAL EXPLORATION
THE NATURE OF EXPLORATION COSTS
ORIGIN OF PETROLEUM
GEOLOGICAL AND GEOPHYSICAL EXPLORATION METHODS
ACCOUNTING FOR EXPLORATION COSTS
ACCOUNTS AND SUBACCOUNTS FOR EXPLORATION EXPENSE
THE LEASE CONTRACT
OPERATING AND NONOPERATING MINERAL INTERESTS
TOP LEASES AND LEASE RENEWALS
DRILLING AND DEVELOPMENT
PREPARING FOR DRILLING
DRILLING CONTRACTS
THE DRILLING PROCESS
COMPLETING THE WELL
DEVELOPMENT OF THE RESERVOIR
WELL COSTS
FULL COST ACCOUNTING FOR EXPLORATORY WELL COSTS
FULL COST ACCOUNTING FOR DEVELOPMENT WELL COSTS
AFE SYSTEM FOR DRILLING AND DEVELOPMENT
ACCOUNTING FOR JOINT OPERATIONS
LEGAL FORMS OF JOINT ACTIVITIES
JOINT VENTURES
JOINT VENTURE AGREEMENTS
THE JOINT OPERATING AGREEMENT (JOA)
RECORDING JOINT INTEREST TRANSACTIONS
MATERIAL TRANSFERS
JOINT INTEREST AUDITS
ELECTRONIC DATA INTERCHANGE (EDI)
E-COMMERCE
PRODUCTION AND VOLUME MEASUREMENT
PLACING THE WELL ON PRODUCTION
MEASURING VOLUMES OF OIL AND GAS
GAS PROCESSING
MARKETING CRUDE OIL, NATURAL GAS, AND NGL
CRUDE OIL MARKETING
NATURAL GAS MARKETING
NATURAL GAS LIQUIDS MARKETING
ACCOUNTING FOR OIL, GAS, AND NGL SALES
INTRODUCTION
SOME GENERAL ISSUES
PRODUCTION TAXES AND AD VALOREM TAXES
ACCOUNTING FOR OIL SALES
ACCOUNTING FOR NATURAL GAS SALES
ACCOUNTING FOR RESIDUE GAS AND NGL SALES
SPECIAL ROYALTY PROVISIONS
ACCOUNTING FOR REINJECTED GAS
PIPELINE GAS IMBALANCES
PRODUCER GAS IMBALANCES
PROVED RESERVE CLASSIFICATIONS
RESERVE ESTIMATION
GENERAL PRINCIPLES OF AMORTIZATION
JOINT PRODUCTION OF OIL AND GAS
ACCOUNTING FOR THE IMPAIRMENT OF LONG-LIVED ASSETS
OVERVIEW
APPLICATION ISSUES
THE FULL COST ACCOUNTING METHOD
THE COST CENTER
COSTS TO BE CAPITALIZED
AMORTIZATION OF CAPITALIZED COSTS
INTEREST CAPITALIZATION
LIMITATION ON CAPITALIZED COSTS
MINERAL CONVEYANCES AND PROMOTIONAL ACTIVITIES
ASSET RETIREMENT OBLIGATIONS
REGULATORY AND OPERATIONAL ENVIRONMENT
CURRENT ACCOUNTING
EXPOSURE DRAFT ON ASSET RETIREMENT OBLIGATIONS
ACCOUNTING FOR CONVEYANCES
GENERAL PRINCIPLES OF ACCOUNTING FOR CONVEYANCES
SALES AND SUBLEASES OF UNPROVED MINERAL INTERESTS
SALES OF PROVED PROPERTIES
RETIREMENTS OF PROVED PROPERTIES
SALES AND ABANDONMENTS UNDER THE FULL COST METHOD
ACQUISITIONS OF E&P PROPERTY
BUSINESS COMBINATIONS
OVERRIDING ROYALTY CONVEYANCES
GENERAL TAX TREATMENT OF SALES AND LEASES
PRODUCTION PAYMENTS AND NET PROFITS INTERESTS
ACCOUNTING BASED ON THE ATTRIBUTES OF OWNERSHIP
PRODUCTION PAYMENTS
NET PROFITS INTEREST
ACCOUNTING RULES FOR OTHER PROPERTY CONVEYANCES
FULL COST ACCOUNTING
TAX ACCOUNTING
FARMOUTS, CARRIED INTERESTS, AND UNITIZATIONS
FARMOUTS
FREE WELLS
CARRIED INTERESTS
PROMOTED VS. PROMOTING
UNITIZATIONS
CREATION OF JOINT VENTURES
ACCOUNTING FOR PARTNERSHIP INTERESTS
GENERAL PARTNERSHIPS
LIMITED PARTNERSHIPS
TRANSACTIONS BETWEEN THE PARTNER AND THE PARTNERSHIP
MASTER LIMITED PARTNERSHIPS
ACCOUNTING FOR INTERNATIONAL OPERATIONS
RISKS OF INTERNATIONAL E&P
FORMS OF OPERATION IN A FOREIGN COUNTRY
INTRODUCTION TO FISCAL SYSTEMS
CONCESSIONS
CONTRACTUAL ARRANGEMENTS
DEVELOPMENT COSTS
DEPLETION
SHARING ARRANGEMENTS
LOSS LIMITATIONS
ALTERNATIVE MINIMUM TAX
FORMS OF ORGANIZATION
INCOME TAX CREDITS
ACCOUNTING FOR INCOME TAXES
FRAGMENTING TEMPORARY DIFFERENCES
MEASURING TAX EFFECTS OF TEMPORARY DIFFERENCES
ASSESSING NEED FOR A VALUATION ALLOWANCE
DETERMINING FINANCIAL STATEMENT PRESENTATION
MAKING FINANCIAL STATEMENT DISCLOSURES
OTHER CONSIDERATIONS
HISTORY OF DISCLOSURE REQUIREMENTS
SPECIAL DISCLOSURES FOR COMPANIES USING FULL COST
OTHER SEC DISCLOSURE REQUIREMENTS
DISCLOSURE RULES
SMOG COMPUTATION EXAMPLE
YEAR-END PRICING
USEFULNESS OF THE DISCLOSURES
VALUATION OF PROVED OIL AND GAS PROPERTIES
GENERAL VALUATION CONCEPTS
VALUATION METHODS FOR PROVED OIL AND GAS PROPERTIES
OFFSHORE OPERATIONS AND ENHANCED RECOVERY
OFFSHORE OPERATIONS
ENHANCED RECOVERY134
DERIVATIVES AND HEDGE ACCOUNTING
BACKGROUND
USES OF DERIVATIVES IN THE ENERGY INDUSTRY
RISKS ASSOCIATED WITH DERIVATIVES
ACCOUNTING GUIDANCE
INTERNAL CONTROLS
RISK
RISK MANAGEMENT ― INTERNAL CONTROL AND MORE
IMPORTANCE OF RISK MANAGEMENT TO THE E&P INDUSTRY
IMPACT OF RISK MANAGEMENT ON PETROLEUM ACCOUNTING
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Published by Alexander Lukas

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Published by: Alexander Lukas on Oct 27, 2011
Copyright:Attribution Non-commercial

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12/25/2011

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