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Index

INDEX

Terms in bold are defined in the Glossary.

Symbols_ _________________
2001 PricewaterhouseCoopers Survey of U.S. Petroleum
Accounting Practices . . .Appendix 4, 4-1
asset grouping . . .302
cost centers by field . . .284
cost recovery oil . . .436
DCF . . .547
DD&A . . .284
dry hole costs . . .441
expected future cash flow . . .303-305
FAS 144 impairment . . .304
full cost . . .441
gas imbalance . . .252-253
general and administrative overhead . . .304
individually significant lease . . .96
interest capitalization . . .144, 146
lease overhead costs . . .92
net profits interests . . .382
oil inventory . . .52, 248, 258
reserve revisions at interim . . .291

A_ _______________________
AAPL (See American Association of Professional Landmen)
Abandon (or surrendering) . . .73, 140, 151, 166, 278, 288,
313-314, 336-339, 357-358, 433, 443, 448, 533, 541, 588,
2-10 to 2-11
property . . .51, 93, 443
well . . .125, 138, 140, 358, 452
Absorber* (a type of gas dehydrator)
Accounting centers . . .220, 224, 225, 228, 230
Accounting function, organization . . .25, 26, 29, 224, 225
Accounting method change (from full cost to successful
efforts or vice versa) . . .1-12
Accounting Principles Board Opinions
APB No. 11, Accounting for Income Taxes . . .465, 475
APB No. 12, Omnibus Opinion . . .488
APB No. 18, The Equity Method of Accounting for
Investments in Common Stock . . .411
APB No. 21, Interest on Receivables and Payables
. . .378
APB No. 22, Disclosure of Accounting Policies . . .480
APB No. 23, Accounting for Income Taxes—Special
Areas . . .469, 475
APB No. 29, Accounting for Nonmonetary Transactions
. . .232
APB No. 30, Reporting the Results of Operations—
Reporting the Effects of Disposal of a Segment of a
Business, and Extraordinary, Unusual and Infrequently
Occurring Events and Transactions . . .305, 306
Accounting Procedure Joint Operations exhibit . . .153, 155
Accounting Research Bulletin No. 43 . . .373
Accounting Research Study No. 11, Financial Reporting in
the Extractive Industries . . .36
Accounting Series Release . . .37, 329, 2-31 (See Securities
and Exchange Commission [SEC])
Accounts receivable approach . . .230

Acidize . . .126, 260, 452
Acquisition costs . . .36, 39, 43, 45, 46, 50, 91, 93, 97, 98,
101-104, 242, 282, 285, 286, 292, 339, 361, 362, 363,
428, 490, 491, 496, 557, 1-9, 2-7, 2-8, 2-10, 2-11, 2-20, 3-2
Acquisition well*
Acre-foot . . .273
Acreage . . .45, 50, 68, 69, 75, 76, 78, 83, 85-87, 91-93, 95,
96, 100, 106, 111, 144, 150, 271, 284, 288, 356, 395, 396,
401, 402, 404, 423, 449, 469, 483, 484, 489, 497, 557,
563, 1-3, 2-18, 2-30
ACT or LACT system. (See LACT unit)
Administrative department (of an E&P company) . . .25
Adsorption plant*. (See Equipment [lease and well])
Ad valorem taxes . . .42, 54, 93, 220, 227, 242, 261, 1-5, 2-5
Advance royalty*
Aerial photography . . .62
AFE. (See Authorization for expenditure)
After-tax DCFA. (See Discounted cash flow analysis)
After-tax discount rate (ATDR) . . .543, 544
Air drilling*
Air/gas lift*. (See Gas [natural])
Alaskan North Slope oil. (See North Slope of Alaska)
Allowable* . . .28, 187, 242, 361, 366, 397, 433, 460, 465,
535, 544
American Association of Petroleum Geologists (AAPG) . . .32,
65, 266, 267
American Association of Professional Landmen (AAPL) . . .
32, 153
American Institute of Certified Public Accountants (AICPA) . . .
34, 36, 162, 280, 411, 530, 2-2, 2-37, 4-1
American Jobs Creation Act of 2004 . . .462
American Petroleum Institute (API) . . .2, 14, 32, 107, 109, 110,
130, 176, 179-185, 198, 200, 202-205, 454, 562, 3-8, 4-2
AMI. (See Area of mutual interest [AMI])
Amortization. (See DD&A)
Amortization base. (See DD&A)
Angle of deflection*
Annular space (annulus) . . .118
ANS crude. (See North Slope of Alaska)
Anticlines . . .58, 59
API. (See American Petroleum Institute [API])
API gravity . . .2, 179-181, 184, 185, 198, 200, 202-205, 562
API well number*
APO (after payout). (See Payout)
Apportionment accounts . . .49, 257, 259, 261-263, 294
Area of interest . . .24, 69, 77, 92, 148, 438, 448, 449
Area of mutual interest (AMI) . . .149, 150
Arm’s-length transaction . . .492, 538, 543, 2-21
ARO. (See Asset retirement obligation)
Artificial lift . . .127
Asset retirement obligation (ARO) . . .44, 302, 313, 332, 336,
340, 341, 343-345, 490, 491, 497, 514, 515, 532, 533,
540, 3-5
Assign interest . . .83, 403
assignee . . .352, 388
assignment . . .353, 383, 385, 388
assignor . . .76, 352, 366, 388, 389
associated gas . . .129

* This supplemental term defined in the Glossary is not used in the chapters or appendices.

176. 166 Check stub (i.57. . 580 Combination traps . 305. 402. 242.76 Conservation tax . 86. 120.. 121-125. 415.3 Bonus. .Index Atlantic Richfield Company (ARCO) . . 113 California Independent Producers Association (CIPA) .57.55 Canadian gas . 140-143. . .163 Chart of accounts . 451 Compressor . 191. 1-7 accounting method . 163. 2-22 Battery (tank battery) . .32. . 58. (See U. . 451. . . 411. . 1-8. . 143 Automatic custody transfer system.126. 224.387. 194.390-392.89 Cambrian period . 109. 125 Bottom-hole contributions . 156.7. 1-5.3 (See also Volumes) Barrels of oil equivalent (BOE) . 165 Conditional pooling of assets .174. .113 hedging . 413. 314. (See Interest capitalization) Carried interests . . 414. 189. 417 Carried party . (See Reserves. . . 540. 154. . 214 Barrel (bbl) . . (See British thermal unit [Btu]) Btu factor . 50. . . . . . 133. . 70-75. . 142 G&G . 79. 1-2. 300. . . 110. . .42. 533.10. (See Basic sediment and water [BS&W]) Btu. . . 444.225 Consolidation . 312 Bottom-hole letter or contract* Bottom-hole pressure (BHP) . 149 procedures . 154.127. 547 Behind-pipe reserves.109.252 Cash receipts approach . 336. . . . . 159. .262 Coalbed methane* . . . 191 Condensate . . .47. 326-328. . . . 186 Broker fees. 157. 157. . 414 . . .4. . . 581 tax . . . 3-3 drilling operations . . . . . . 248 Bubble point . . . . 123.3 (See also Volumes) Beam well* Before-tax DCF . 556 Christmas tree (wellhead) . 93. 138. . . 2-30 C_ _______________________ Cable-tool drilling .S. 419 Casinghead gas . .208.10-12. 137. . . . .205 Blow by* Blowout . 502. 561  Bullet perforator* Butane . (See Lease: bonus) BOPD* (barrels of oil per day) . 95. 550. 113-118.209 Bit (drill bit) . . . . . . .229. 195. 429. (See Full cost accounting method and Successful efforts accounting method) Cementing . 1-11 Carrying party .25. 334. 49. . 554 Blue sky law* Board of directors . 43. 66. 51. . . 571.27. 391. 546. 527. 572. . . 402. 424. 104.117.275 Bid cycle .141. . . . . . . . 90. 508. (See BOPD [barrels of oil per day]) Bcf (billion cubic feet) . 443. 321. 569 Blowout preventer . . 564 Atmospheric pressure base . . . . . 473. .390. 475.540. 394.3. 68. 526. 74. . . . . . 166.e. . . 198.197.390-392. 302 Coding systems . . 167 Authorization (or authority) for expenditure (AFE) . 174-176. . 234. 454 Borehole (wellbore) . 217 Capitalization rules. 506. . 62.208 Cap rock . 62. 226.543 drill . 406. oil & gas) Benchmark crude . 127.51.3.275 BPO (before payout) . 405-407. 175. . 48.126.140-142 supplemental AFE . (See Lease: broker) BS&W (or BS). 2-29 (See also Injection) Condition value (for material transfers) .326 hedging . 576. 68. 579. . 449 surface . 438. 160.31. 415. 176. . 413. .3. . . .354 British thermal unit (Btu) . .157. 67. 161. (See LACT unit) B_ _______________________ Baffle* Banking (of natural gas). 127 Casing point . 71-78 model form operating agreement . . . . (See Swab and Workover) Clearing accounts . . .10. . . . joint interest . 260. 300.89 Completion of a well . 174. . . 450. 166. . . 121. 562. 2-18. . 189. .576.28. (See Barrel [bbl]) Bbl/d* (barrels per day). . 289 (See also Equivalent barrel [BOE] or Mcf [Mcfe]) Basic sediment and water (BS&W) . . 129. 411.174. 302. . 247. . .233. . . 166 Bleed* BLM (Bureau of Land Management). 132. .126. 2-13 Carved-out interest*. . 125. .30 BOE . . . . . 497.3 Audits. 51. . 162. . .410. 554. . 560-562. . . 427. 129 Ceiling on capitalized costs. 120. . .3. 54. .156. 131. 313. 132.47. . remittance advice) . . .55 Centrifuge* . . 553 Bbl. . .168 Collar . 546. . 60 Capacity (productive) . 230 Casing .166.209 Bid week . 2-3. . . 577-580. . 312. . (See Economic interest) Cash balancing . 126.195 Clean-out costs.36. .172 Basis book .117. government) Bloomberg’s Business News . .9 BHP (bottom-hole pressure) . 483. . 301. 451 Chromatograph gas .69. 402. 465-468. 225.213 Compensatory royalties . 535. 470.173. 452 Cenozoic era . 52. 2-6 conductor . 50. . . 272. 114. 156. . . .33 Call on production . 323. . 208. 2-13 Carrying costs .58 Commodity charge . . 141. 404 agreement or arrangement .141. . .177 CEPS (Computerized Equipment Pricing System) . 416. .121 production .224 Checkerboard acreage* Chevron .121.

356.349. . income tax reporting. . 1-6.250. . . 282 . 251 No. 231 effective date of ownership change . 411-413. 366 (See also Production payment) sale and abandonment under the full cost method .211.68.48 full cost. 130. .313-322 (See also DD&A. . . 407. 357. 352. .413.32. 435. . .42. . . 2-29. . 1-4. 557 Core (and coring) .411. 417. 557. .229 full cost . . 261. . 2-1. 424. 331-333. 208-210. . 357. . 3-6 Control accounts . 198-205. (See also DD&A) Cost classification overview .168 No. . 225. . 123. . . (See also Injection) D_ _______________________ Daily drilling report* Damage payments . 352. 103.546 Contiguous leases . 312 dry hole . .30 Conveyances . . 561.200. . (See Discounted cash flow analysis) DD&A (depletion. 386. 230.362.339 gas imbalance adjustment . Carried Interests . 314-317 costs to be amortized (amortization base) . 417 disclosure . Net Profits. 228.428-432 proportionate consolidation . .413 depreciation of support equipment and facilities . 411.36. 384. .352. . . 368. 203 price bulletin . . . . . .51.349. 200.557 No. 325. and reclamation . . 71. . 310. 50. 274. . 225. 312-317. 269. 129. 361. . 217. 75.410. 2-6. and reclamation . . 351. . .102-103. . . 110. 1-8. 558. . . . 359. 309. .50.312-313 overview of . . (See also History) marketer . 13. 230-232. . 28 . . . . 45 . . 248 No.406-408.Chapter 21. . Joint Task Force Guidelines on Natural Gas Administrative Issues . 424 risks and rewards method .348. full cost .577 COSO Report .49 Control environment . . . . 1-5. 167 No.198. 573. 349 partnership . (See Accounting centers) successful efforts. 376 division orders .123 Core barrel . 169. .545 Cycling of gas .254 gross revenue method . (See Full cost accounting method) revenue accounting. . 2-30. . .225. 1-2. 172-179. 248. 483. .3-1 consolidated basis . 349. . 282-296 accounts .310-311 unit-of-production method . 418.154. 1-3.24. 201 Current dollars . 366 COPAS (Council of Petroleum Accountants Societies) . . 2-10. 321-323.410 full consolidation . . 570. . . 2-31 Core analysis (evaluation) .167. 354. 68. . 413. 413 cost center .250 No. 580.32 Accounting Procedure Joint Operations (2005) . . . . . . . . income: DD&A) DD&A. 293. 441. 1-7. .2-9. 312-314 dismantlement. . . 180. .1-13 (in Appendix) SMOG disclosure . 50. . . 317-318 DD&A.153. 137. 1-11. 480. . 175. 54. restoration. 353. . . amortization on a consolidated basis. 415. 298. . . 360 sale of proved property . .406. . . 16. . 2-3. 225. 25. 189.288 exclusion. . . 404. 201.406 Constant dollars . 339. .40. . 63. and amortization). 51. 423. 572. .406. Gas Accounting Manual . 103.203 sales and marketing. full cost . . (See Drilling contracts) DCF. 45. . 454. 43. . . depreciation. (See Full cost accounting method and Successful efforts accounting method) Cost center . 423 equity method . 22. 414 significance tests for oil and gas producing activities . 578.123 Index Correlation risk . (See Taxes.286-288 offshore properties . 557. . . . 153. . .3. . 166. 4-1 COPAS Accounting Guidelines No. . . . . .282-286. 15.229. 263. 329. 352. 360. . 294. . 293-294 dismantlement.348. 46 .524 tax returns . 571-573. 271.137. . 366 production payments . . 75. (See COPAS) Credit risk . . . . major development projects .50. . 2-5 test well . . . successful efforts . . . Joint Audit Data Exchange . 75. . . full cost . successful efforts) accounts . 168 COPAS Exhibit . 68. 310 costs excluded from amortization base . (See Sales) traders . .318-321 offshore properties . 349. . 506. Farmouts/Farmins. 462. .185.27. . Producer Gas Imbalances . 403 Continuing interest* Contributions bottom-hole .42. 1-11.30 Cost ceiling. 23. Joint Interest Audits . 155 COPAS Model Form Interpretations No. . . . . .348. 1-7. 359-363 general principles . 442. . 220-223. . . 2-18.349-353 subleases of unproved properties . 1-12 for production expenses . . 561.113 Day rate contract. . 150. 168. 8. 416-419 pooling accounting . 563. . . 557 No. . 19. 495. 285. . . . .3-1 aggregation (grouping) of costs . 1-5. . . 5 . . . 395 No.410 ceiling test on a consolidated basis. 26. . . .450 Council of Petroleum Accountants Societies.201 types . 45-46. . . . . . .312-313 overview of . 284. .321-322. 170. 1-9.348. restoration. 415 income taxes . 96. 313. 358. 361. . . 192.283-286 consolidated basis . 2-11 acquisition of proved property . . 18.84. 577 Cross-section mapping* Crude oil . . . 366 pooling of assets (capital) . 1-12.355-357 sale of unproved property . 218. . 185-187. .

483. 196-198.299-300. . 138. . . .549 Discovery well . . 129. 2-28 Development dry holes . 489. 578 Derivatives Implementation Group (DIG) . . . . 208. 201. 256.539 forms of . 242. 392. .111 Disproportionate sharing arrangements . .403 Dissolved gas . 495-497. 579-581 options . 2-28 (See also Standardized measure) usefulness .423. 2-7. (See Field exploratory well) Delivery . (See Reserves. 497-498. 231. .578-580 Detailed survey*. . 541. . 218. 502. . 539. 286. 410. income) DeGolyer & MacNaughton . 481. 289. 312-318. . 420. 524. . .527 Discount price. . . 2-16. . 385. . 130. 327. 292. .540-542 forecast . . .581-582 FAS 69 . 154. 401. 282. 49. (See Differential[s]) Discounted cash flow analysis (DCF) . 2-26 standardized measure . .526. 342. and amortization. . . 433-436. 1-10. . 511. .572 futures . 328.543 Depreciation. . 439. 202. 293. . . 453. 505-525. . 415. 370. . 497.581 enhanced recovery . . 454 Depletion bonus (tax shield in after-tax discounted cash flow analysis) . 226. 93. 453-455. 2-10.187.137. . . 1-5.440 impairment under FAS 144 . 2-24. . restoration. . 494-495. 293. 481 reserves . . . . 2-11. 571. .283. 235 Delay rental (rental) . . . . 2-6. 328. . . 375. 499. 558.547 nominal dollars versus real dollars . . . . 43. 140.566-571. .541. 500. 1-4. . 571-582 collars . 503.55 Dew point . 2-19. 325. . 524. 545.43. . . . 423. .480. (See DD&A) Derivatives . 394.305. 2-26 derivatives and hedging . .256. . 490. 180. 362. 52.579 fair value . 292.545 real options .496-497 costs incurred in oil and gas producing activities . 358. 78. . 2-13. . 502.480.36. 581 financial statements . or tax. . . 201. . 2-8.581 embedded . 248 Divisions of interests (DOI) file .543-545 before-tax . 145. .572-573 risks . statutory.132. . 2-21 Delivery pressure* Depletion .533.129. 324-325. 578. . . 2-27 (See also FAS 69) results of operations . 515. . 460. 39. and abandonment (DR&A).47. .262. . 208. . 490. . 214. . . 137.479.1-13 to 1-14 goodwill . 437. . 488. 366 (See also Proved property) Developed proved reserves. 499. . 235. 457. 482 (See Standardized measure) supplemental .187. 496. .540. 2-25. 424. . 572. 237. 316. . (See Taxes. 134-135. 2-29 Deviated well* Devonian period . . 394. 550 after-tax . 106. 2-16. 449. . 363.548 risk adjustment . . 2-35 ceiling test results .173. 441. (See Geological and geophysical) Developed property . 207. 232. . 295. . . . 431. 366. 189. 263 Division order . 579. 499 capitalized costs of oil and gas producing activities . 374. .482. .58. 546 SPEE survey . 2-23. 374. 492-494. . 261. 492. . . 2-20. . 557. 47. 546 amortization tax benefit . 330. 482. 477-528 full cost . 2-6.571-578 disclosures . 514-516. . 477. . 394. 50-52. 2-18. 275. 445-450.472-473 interim financials . 210. .221. 174. 197.88 Deferred income taxes. 300. 286-288.Index unit-of-production method . .49. 2-20. . 533. 2-26 Cost. 258.562 fair value . 281. 2-26. 413. . 223. . . .175. 139. 391. 546. 59.535 hedging .274. . percentage. . 2-34. . 462. 410. . 504. 344. 360. 401. . . 401. .482.573-575 underlying .453.575-576. . . . . 488. 177. 316-317. 526. 506-509. 318. 466. 42. 419.330. . 577 (See also Derivatives) IFRS 6 . . 195. . 547. . 399. 430. 82.571-572. 2-25. 295. . . 1-5.581 FAS 133 . 243. 546 discount rate . 396 Directional drilling. . 496. . 244. . 2-5. . 327. 288. . . 209-213. .129. . 2-21 to 2-23. 232.186 Decline curve . 375. . 517 Dismantlement. . 216. 541. 2-21. 293.153. 363.540. .577-578 floors . 2-15. . 2-20. 488. 46. 539543. 193.48. 276. 492-494. . 300. 270. 428. 482. 196. 188 DIG. 168. 1-1. 187. . 372-375. 482 Development well . 104. 518-525. .477-528 accounting policies . (See Differentials) Deferred bonus . 1-9. 561 Differential(s) (price adjustments) . . 392. . 385. (See Drilling) Disclosures . . 307 income taxes . . 483 Dead man* Decatherms . 188. 202.198 Dehydration . 571. . 465. 559 Distribution accounting .220 District expense accounts . . 2-20.495 overview of . 388. . 360. 400. 138. . 258. . 451. 479. . 553 . 579-580 defined . 2-19. . 136-140. . 1-13 to 1-14. 2-23.38. . 506. (See Plug and abandon) Disposal well . 401. . (See Derivatives Implementation Group [DIG])  Direct charges . 484-488. . 1-10 FAS 133 . 482. 542. 382. 94. . 218. . . . 491. . 17. 215.344. 294.31. 576-577 swaps . 392. 220-221 Doghouse* Domes . 1-9 general partner reserves and SMOG for limited partner registration . 222. 443. 543. . 533. 281-285.478-482 publicly traded entities . 478. . . oil & gas) Development costs .50.576 forwards . . . . 304. 172. . 570. . 292 Deducts. . 448 Delineation well. depletion. . 2-13. 581 Differential pressure .

109-110 day rate . 348. 113 Drill stem test .106 problems encountered in (e. . Double* (two joints of pipe) Dougherty. . government) Energy Policy Act of 2005 . 2-7 contributions .123 Drilling .125 horizontal . 248. .120. . . .292. 146 tax accounting . . .147. . 2-12 reversionary . .36. 2-14 to 2-15. .250.566-568 Environmental costs. . 2-18 operating interest . 208-210. . 278.174. 292. . 448 net profits . 354. .2-22 fee interest . 276. 392 Economic limit . . 1-8 broadly defined . 373. 483. 292. 302. . 111.109-111 tax accounting .16. 363-367. . 417. 386. .140 spudding . 388. . 348. 3-5 Equal daily quantities (EDQ) . 262 (See CD—Exhibit B) footage-rate .417-418 disproportionate sharing . . 75. .109-110 Drilling funds .130 directional .170.9. 168. . . 380. 250-251. 148-152. . 312. 48-49. . 192. 95. 129 exploratory . 217 Energy Information Administration (EIA). 364. (See Production payment) retained . . . 398. 234. . 151. 352-354. 421. . 172 End-users . . 217. (See Gas processing) . . E. stuck drill pipe) .52. .416 No. 382.132-136. . 85. 157.17. . 98-3 . 397. . 350. .129. wells (illustration) . . 233 Dry hole . 254. 200. . (See U.362. . . 354. (See Rig) Drilling contracts . .344. 2-13 (See also Payout and Reversionary interest) back-in. . .530. 391 royalty interest . 2-3. 120-121 127-129 (See also Rig) fishing . . . . 392. 68.278 EFP (exchange of futures for physicals) . Colonel Edwin L.125 logging while drilling . 195. . 168. . 381. 327. 00-01 .123-124 permit . 367. 370. 403. . and abandonment [DR&A]) Environmental liabilities . 262 turnkey . 414 Drilling rig. . 449-453 accounting for . . 377. 50. 441.212-214 Electronic data interchange (EDI) .173 flowline . .203 EITF Issue No. 479. 379.90. 263 dehydrator .173 gas processing facilities. . 395. 448. . . . 227. . 168.125 rig . . .547 DR&A. 229. . 367. . . .80. 90-22 . . 427. 447 (See also Overriding royalty interest) production payments. restoration. 105-130 below producing horizon .123-125 equipment for drilling . 348-352.452-453.346. . 512. 86.3.20. 276.24-25. 363-367. 363. lost circulation. 417. 380-385. 355. 2-13 to 2-14 Index carved out . 372.122 Drilling and supply companies . . 2-14 working (operating) interest .113. 447 (See also Net profits interest) nonconsent . . 90. 88-18 . . . 197. . 82. 163-166. . 1-11 Enhanced (improved) recovery . 365. . lost equipment. 395. . 368. 388-390. 209.229 of reserve estimate . .276 carried . .90. 98-6 . 384. .111. . Dr. . 365-367.233 Dry gas . . .4. 373-374. . . . 348-353. 152. 382 divided interest . 274. . (See Unitization) Equipment (lease and well) . .121 topdrive . . . . 221. 148. 189. . 401 nonoperating .L. .115-118. (See Rig) Drilling ships.. . blow outs. 36. . 223-226.g. 554 casing. 2-11 to 2-15 overriding royalty interest . . . 455-456. . 366. 403. . 570 Emulsion . . . 32. . . . 388-390.132-136. 365.205 Effective date . 107 Drilling (sharing) arrangements . . . 363. .229. .76. 208. 380-390. . restoration. 2-5 development . 401.113-121 sidetracking . . .152. . 403.123-125 killing the well .S. 111.109-110. .132. . 199.49. 536 of ownership change .109 Energy Policy and Conservation Act of 1975 (EPCA) . 447.352. . 348356. 162. . 93. .27 E________________________ Economic Evaluation and Investment Decisions Methods .455-456 Drilling barges. 163-166. 388-389. . 1-5. . .Chapter 8. 455.45. 446-448. .S. . . 449-453 blow-out preventer . 404. (See Payout and Reversionary interest) before payout . 468 Dual completion . . . 52. . 394-395.54.413 No. . 43. .151. -in) . . .416 Electronic bulletin board . 189. .123 measurement while drilling . . 248. . . 384. 384 No. 116 trip (tripping-out. (See Casing) compressor .383-384 undivided interest . . 77. . 251. 406. 136. . . 447 (See also Royalty) term net profits . 252.76. . .139 costs to drill and equip U. . . . . . . . . 206. 483. .109-110. . . .151 Dry Btus . . 111.403 drilling rig contractor . 478. 2-11. . . .205 Equalization. . . . . .148. . 04-5 . 1-8. 141. . . 377.371. . 132. 203. . .90. 292.564 Enterprise risk management (ERM) . (See Dismantlement. 531 No. . 300. 350. . 166. . 528 EDQ (equal daily quantities) . . (See Dismantlement. 156. .181) . 42. . . . 40. 200.362. 2-12 to 2-13 after payout . . .550 Economic interest (also mineral interest) . 399. . . . 499 No. (See Rig) Drilling unit .76. 559-564 Enhanced oil recovery tax credit . . and abandonment [DR&A]) Drake. 356 FAS 69 concept of (Oi5. 417. 17. . 1-2.

480 Exchange contracts . 283. . 474. . 4-1 FASB Interpretation (or FIN) . . 140-143. 2-32 continuous . 530. 287. 302. 436 . . 3. 109. . 2-31. 113. . . 65. .207 No. 24. 2-16. . 266. 577. . 137. 190 Flow lines . . government) Fee interest . . .E. 126-127 platform . 535. . (See Equipment [lease and well]) Flow treater*. 1-5. 478.77 support facilities and overhead costs . . 423. 493.321. 136 Faults . 93. 503. . . 573 Four dimensional (4-D) seismic. . 1-4.480 Executive rights . 2-13. . 218. 427. 191 Floors . 300. . . 217. . 127. 216. . 163 Equity method . . . 126.389-390. 1-4 Field clerical services . 481. 218. 61. 553-559. 128 Formation testing* Formula pricing . 490. . 2-32. .168. 138. . . 70-74. 306. 80 Exploration rights . . 136. 479. 67-78 3D seismic for proved property development . . 448 FERC Orders No. .356. 117. 172. . 342. 336.212 Fish . 526. 2-28 Equivalent barrel (BOE) or Mcf (Mcfe) . 108. 1-5. 407. 298. . .189.Chapter 6.299. . 236-240 Evergreen sales contracts . 322. 252. 2-10 pumping unit . 2-20. 2-6 Equipment and supplies inventory.123. 157 financial disclosures . 236. 363-367 valuation date . .188 schematic of gas flows . . . . 578.S. 10. 2-36. . (See Statement of Financial Accounting Standards)  FASB (Financial Accounting Standards Board) . . . . .2. . .128 salt water disposal facility . . 127-128. . 499. . 123.201. .118. 336. 2-3. .211 Fair market value.74-75 purchased G&G data . 452 Free well . .389-390 Fuel charges . 2-6 walking beam unit . . . .173. 117.47.444. . . 62. 575 over-the-counter (OTC) . 488.27. 2-2 FIN 46R . 64. 300. 2-27. 331. 132-146. . 2-6 Flow tank. 134.372 Exploration cost(s) . . 1-4. 450.403. . 212. 173. 176. 406. 310. 145.189 circular paper chart of gas pressures . 68. 51. 125. . 357. 332. 536. 119-120. 1-5. . . .88. . 120-121. 1-7.38.107 Federal Power Commission (FPC). 59.43.226. 500 . 494. 470. 227 Exploitation engineering* Exploration advances . 309. 172. 121. 60-78 (See also Full cost and Successful efforts) acreage selection options . 336. 2-21. 106. . 62.124. 217. 464. (See Equipment [lease and well]) Field processing . 388. . 403.146. . 410. . . . . .108. 450-451.406-410.75 AFE for . 1-2. 510. . 331.26 Field exploratory well . . 189. 2-24. 259. 126. 123. 406.448-453 test well contributions . . 74.129 Field facility*. 173-177.38. 310. 313 exploration performed in return for acreage . 389 full cost .203 Exchange offers . 527 Ethane . . . 208. 170. . 261. 483. . . government) Federal government. 413. 388. 504. 296. 201.2.128 wellhead (Christmas tree) . 345. 403. 384. 226 tank .207 No. . 2-2. . 36 . . . 2-23 . 322 No. . 414-416 FIN 48 . 261.S. 262263.R. 496. (See Equipment [lease and well]) CEPS (Computerized Equipment Pricing System) . Gas Market Report . .42. . . .172 packer . . 174. .40-42. .61. 315-316. . (See Fair value) Fair value . . .111-112. . . .201 Exchange (of oil or gas) . 187 Flash gas . . 553. 575 Flow chart . . 202. 334.194. . . 2-1. 482.80. .571. government) Federal Onshore Oil and Gas Leasing Reform Act .56. 187. 581 conveyance accounting . 360.189.3. 232 Exchange of futures for physicals (EFP) . . . . (See Geological and geophysical [G&G]) Fractionation .572.76 exploration permits . 307. 581. 2-6 Fireflooding . (See Equipment [lease and well]) Fluid injection. 137. .562 Fire wall* Firm transportation agreement . 235 Fracturing (fracing) .50.74.115. .47-48.58. 2-26.C. . . . 118. 2-25. . 123-124. . 554. 451-452. . 486-495 F_________________________ F. 404 FAS. . . (See U. . 345. 485. 260. 387. 636 .3. 231 tubing .11. . 324. . . 317. 406. . . . 411. 62 Formation pressure . 198. 2-30 separator . 96. . 2-19. 344. . . 550 Federal Energy Regulatory Commission (FERC). 127. . . 316. 75 Exploratory well .18 Forwards . 47. . 232. 469.S. 322. 279. . . 579. . 137. 494-495.37.5.78 accounting for . . . 2-14 agreement . .197. 260-261. . .78 tax treatment . . 556 Flare . . . .89 Exempt owner . (See Injection) Flush production* Footage-rate drilling contract.22. 198. 202. 59. 256 Field . . 232.117. 451. 2-22. 451. . .123. . . 102. 33 .213 Full cost accounting method . .Index heater treater . .474 No.543 Farmout (farmin) . . 484. 580. . 302. 2-7 to 2-10 ExxonMobil .75 Exploration department . (See U. (See U. 193-195. . 38. . 126-127. . . (See Drilling contracts) Force majeure . 1-13. . . . . . . . 153 Formation . . . . 195.2. 452. 1-7. 449.

307. 586. 402. . 78. 249-256 accounting for . . 559 illustration . . . 194 Gas well.312.173 take-or-pay contracts . 559 dry . . 45. . 194. 83-89. 242. 365-366 (See Conveyances) cost center .62 • gravimetric 553 • magnetic .193. 175.63. . 552. .62. 312-323. 194 • types of . . . 65.310 interest capitalization . . . 186. 2-10 (See also Injection) Gas imbalances . 1-7.129. 65. 1-5. 321-323. 496-497. 553 tax accounting . . 506. . injection) lift . . 212. . . 559. . . 260. . (See Gas processing) Gas plant products*. . . . .128. 325. . accounting policy disclosure illustrated . . . 150. 526. (See Natural gas liquids [NGL] processing) accounting for . (See Well) Gas-oil ratio* Gathering . 208. . . 251 disclosure . . . 78 Geological survey. 2-6. (See Derivatives) G_ _______________________ G&G. 559 Gas payment*. . . . 330. . 226.252-256 nomination process .174. 189. S-X Rule 4-10(c) . 236. 111. .210-214 transportation agreements . 312-319. 561. .310. 129 chromatograph . . . 212. . Fig. 78. (See Production payment) Gas plant.10.17. . . .307. .68-71.174.316. . 496 gathering system . 69.129 balancing agreement . . .250. Chapter 19. . 561. . 299. . .310-317. 80.193.210.250-252 Gas lift(s) . . . . .128. . 197. 194.64 . . . . 344 (See Disclosures) history of . 174. (See Geological and geophysical) Geology .177 gauge tape . . 333-334. . . Joint Task Force Guidelines on Natural Gas Administration Issues .129. . 145. (See Gas imbalances) General partnerships.307. (See DD&A. 271. Chapter 14 (See also Gas imbalances) artificial gas lift . .57.252. 62. 199. 211 Gauging gauge sheet . 242. 497 amortization (or DD&A). . 135. 192. . . .278. (See Gas imbalances) injection . . . 195 plant volume reduction . . 1-3. . . 357-363. 193. 189. 151.25. . 233 enriched .Chapter 14. . . 348-353.129. 62 wet . . 177. .194 plant settlement . 480. 325 promotional activities and service contracts .252.197 plant thermal reduction .54. 176 associated .78 data library . 233-245. 251 COPAS AG 8. 214 cycling operations . . .193.134.64.196 types of processing . 198 gas processing plant . . . 64. . 187. . . . 78 • aerial photography . Producer Gas Imbalances . 552 (See also Gas. 196. .3. . . . .311. . 528 conveyances . . . 217. 187.127-128. 322-324. 217. . 195 royalty on . 149. . 326.129. . 119 • seismic . full cost) ceiling test . . (See Meter) non-associated . . . .249.314. . . 553 • satellite . . . 248 gathering agreements . .137. 192-198 contractual arrangements . 331-333 costs to be capitalized . . . Figure 11-3 defined . . 330. 189 metering.55. . 197. . 330-333 Futures contract. . .250 COPAS AG 22. 559 measuring .175. 263. . 235. 256 entitlement method . (See Gas [natural]: dry) sour .88. 176. . . . .2 dissolved . 626 lease use . . .16. 330 Reg. . 8-11 gas cap drive .3 storage . (See Natural gas liquids [NGL]) Gas processing. . 192. 176. 348 production costs . . 316. . 216 purchase and sales agreements .212 tight sands . 5-1 Geological and geophysical (G&G) 3-D seismic . 302 compression . 187. 324. 208 sweetening . 296. . (See Gas processing) residue.562 imbalances. 272. . . 307-308. 175 casinghead . . .322 overview flow chart of .175 Gas contracts . 327-330. 293. . .252 settlement process . . . . . 213 Gas cycling . 260. . 174. (See Partnerships) Geologic time periods . .559 Index Gas condensate reservoir . 2-30 Geophones . 553 4-D seismic . 248 Gas cap .129 processing . . 319. . . 195.252-254 sales method .187-189. . . . .210. .235. . 417. .192-193 fractionation plant . Fig. .194. . 175.10.254-256 penalties . 254 agreements . 324. . . 499 Gas allocation statement . 250. (See Geological and geophysical) Gas (natural) accounting for production and sales . 150. 195 coalbed methane . . 237-240 • gas settlement statement .176. .256 valuation . . 62.197. . . . 280. . .312. . 237. 191. .62-65. 312 deferral of dry hole costs in new cost centers . . 192-195.177 GBA (Gas balancing agreement). . . . . . 329. . 68. 175. 75. 174. .189. . .172. . Figure 19-1 privately held company . 413. 570 bubble . 310. .3.311. . . .250. . 325. 330. . .212 management service contracts . . 322 disclosures . . . 233.256 reserves . . .3.77-78 surveys . 250. 93.

.2. . 304. 30. 404. 95. 198 (See also Gas processing) traps . 61. .55 Imbalance. 308 • field basis . 102 • illustration of policy .298. 454.217. . . . . . . 102. .10. . (See Lease: bonus) Intangible drilling costs. .29 Interest capitalization . 427. . 56. . .301. 132. petroleum industry . .143-146. . . 205 Gravity meter* Gross wells* GTC (general terms and conditions) . . 306. . . . . 152. 560. . 1-6 Internal Revenue Code (IRC) . 53. 123.52. 562. 564 Internal Revenue Service (IRS) . 213 Guaranteed recoupable exploration advances . gas . 218. .442 lifting imbalances .404 IFRS 6.Index Geophysics .11 U. 99.560 wells . . 216.255. . . 125. . .440. 449. . 322. . 302 • asset grouping . . 231. 312. . .562 natural gas .553 Gravity. . 461. . 562 chemicals . (See API: API gravity) Gravity adjustments . 447. 305. . 31. 203. . . 103 • post-balance-sheet events . . 175. . .334. 261. . 453. . Exploration for and Evaluation of Mineral Resources . 203. . 42. . . 302 • impairment indicators . 248. 445. 125 Hubs . 188. 187. .560. 189. 562 Hedging . . 75. . 9. .298. .3. 440.22. 238. 221. 308 • asset carrying amount . 577. .204. 305.44. . 560. 465. 66. 102. 139.213. 301  • inherent impairment . 441 internal controls . . 273. . . . 572 Intermediate casing string*. 562 carbon dioxide (CO2) . . 303. .95-97. . 97.96 • individually significant properties . 251. 441. .441 host country auditors . 256 (See Gas imbalances) Impairment of long-lived assets . . 578-581. 267 Information systems .429.112. 58-62 I_________________________ Ibbotson Associates . . .562 Hydrocarbons . 139. . . 285. 126. 562 Installment bonus.172 Heavy oil . . 308 successful efforts companies . 562 steam . . 450. . .298.92. 270. .16. 4-12 U. 444 disclosure of reserves and other supplemental dismantlement. 302. 58. 308 • assets to be disposed of . . .201.95. . (See Taxes. . 56. 404.S. . . 359. .12.4. 81.25. 188. . 192. 69. 104 • group basis . . . 32. 97. 102-104 • illustration of accounts .23.110.236 Gravimetric surveys . .298-302. 174. . 124. (See IDC) Integrated oil company . . 302. 224. 457 Income funds . 427. . . . 433-436. 570. . 419 Income taxes. .36-38 top 20 U. . . 62 Gigajoules . . 441 . .95-97. .372 Guaranteed royalties.213 Huff-and-puff steam flooding . 196.152.298. . 193. 106.443 Foreign Corrupt Practices Act of 1977 . . .442 forms of operation .S. 3-7 (See also Derivatives) Henry Hub . 170. 440 Igneous rock .3. .149.54. restoration and abandonment obligations . 300. . . 2-29 Horizontal assignment* Horizontal drilling . 562.560.436. 197. 295. . .96 • individually significant properties . 560. . 3-5.38. 458 International operations . 99. . . . 197. 305 Impairment of proved property applicability to full cost companies . 3. 454 Industry associations and organizations . . . 137. 449. 115 Hole Horizon . . . . (See IDC) tax accounting . oil and gas companies (illustration) . 285. 562 water .52 Independent Petroleum Association of America (IPAA) . . . 442. 95-97. 443. . . 52. 227. . 57. 549. .30.9 Hoisting equipment . . . spot crude prices (illustration) . income) Incurred cost definition .442 information .50. 123.92. .3. 301-308 • fair value .305-307 • expected future cash flows .541. 132. .300 Impairment of unproved properties full cost accounting . 344 Interim statements .230 Intermediate (a grade of crude oil) . 560. . 324. 176. . . .174. (See Casing) Internal Control—Integrated Framework . 586 In-kind (take in-kind) . 55. 97-99 • illustration of accounts . 437. . . 59. . 550 IDC (intangible drilling costs) . . 1-2.98. .431 cost recovery . 573. . 104. . 561.114. . 94. . 247.560 enriched gas . 526. 103 successful efforts accounting . . 128-130. 1-3 migration . . . 533. 307.69.92-95. . . 572. .454. . 97. 307. .32 Independent Petroleum Association of Mountain States (IPAMS) . 174. . 180. 569 Initial production* Injection .92 full cost . 103 In situ combustion .301.33 Independent producer . . 103 • illustration of policy . 200. . 34. . . . . . 142. . . . 438-440. . . . Chapter 25. 388. 192-194. . (See Royalty) H_ _______________________ Heater treater . 94. . . . 1-4. .S. . 3-4. 102. . 425-444 concessions . .93. . . .57 processing . 198. . . 233. 566 Internal costs of lease acquisitions . . . .Chapter 1. .103 • transfers to proved property . 28. . . 108.427 full cost . 209. 268. 16. 62. .4 Gpm (gallons per Mcf) . 300-302. 117. 304. . 31 Internal controls .300. . 414. 571 History petroleum accounting .

428. 154. 222. 125 (See also Casing and Rig) Joint interest or joint venture . 414 Marginal well*. 217. 199.7 L_________________________ LACT unit (lease automatic custody transfer unit) .122 Management and service fees (charged to managed partnerships) .K. 452 M________________________ Magnetic meter* (magnetometer) Magnetic surveys .422-424 Material transfers . 392. 432. 192.153 (See CD—Exhibit E) accounting procedures exhibit . 32 Index LDC. 121 Kill a well . 82. 162. 569 . . 2-4. 102 acquisition. 189. . 207. .148. 2-13 AAPL model form . (See Gas [natural]) Leasehold interest.56 Local distribution companies (LDC) . 80-94. . . 152.80–81 bonus .27. 2-19 (See also Production costs) Light crude oil. . 450. 91.Chapter 11 equipment and supplies. 195. . (See Acquisition costs) agreement . . 166 joint operating agreement .75. . 197. . 198 oil . petroleum revenue taxes (PRT) . 2-6. . . . .151. 189. .212 Making a trip .111–113 Logging (of well) . . 258.10. . 182 NGL .149–151. . . . . 443 service contracts . 231 Mass spectrometer* Mast (derrick). 176. 170. . (See Crude oil) Limited partnerships.425. . (See Sales) Marketing companies . 104 conveyances.151. . . . 154. . . 162–167 operator . . . . 157. 216 Managing partner .23-28 accounting . . . . . 186. . 348. 168 Joint production of oil and gas. .166 Maximum lawful prices (MLP) . (See Conveyances) deferred bonus . 1-5. 156. 172-177.51. .81.113-115 Master limited partnership (MLP) . 429. . . 185. . (See Economic interest) Legal costs . . . . (See Equipment [lease and well]) Lease automatic custody transfer unit. 150. (See Condensate) Lease operating expenses. 82 top leases and lease renewals . 81-90. gas. 456.419-422 Management services contracts (in gas marketing) . (See Partnerships: limited partnerships) Liquidity risk . 186. 180. . . .88 options to acquire . 210 Location (of well) . .425. 1-5. 492.532 Market centers . 444 reward sharing methods . . 198 IPAA.425. 194. 401. . . 569. 388 Lessor . .106 Lifting costs . . (See Production costs) Lease operating statement . 348.4 Kuparuk field . 427-432. 202 Land department .173 (See also Gas [natural]: injection) Lease and well equipment. . 431. . 210 Marketing. 432. . . . 172. 95.213 Inventory and storage .577 Liquified petroleum gas (LPG) . 187. 175. (See Unitization) formation . . 118. . 209. 433. 244.228. 545.406. 385. . 70. .9. . . . .213 interruptible gas* . 395. (See Rig: offshore) JADE (Joint Audit Data Exchange) . 427. 428.167. . . . 197. 434. 437.54. . . 448 Letter of credit . . 184-187. of drilling rig . . . .42. . . . 436. .193 Kelly . 437. 149 undivided interests . 110. . (See Local distribution companies) Lease .148. 206. 446 Interruptible transportation contract . . 49. 201. (See DD&A) K_ _______________________ Keep-whole agreement .24.150 electronic data interchange . . 390. . . . Chapter 10. . . . . . 570. . . . . . . 377.197. . 218 Marketers . . . 243. 395. . . 91. . . .6. 457. 202.195.168 field-wide unitization.216 Isopach maps* J________________________ Jack-up rigs.154. 209.63 Make up gas . 550. . 179.23–28 organization . . 210 Marketing department .148–150 jointly owned corporations .80. . . 153 area of mutual interest (AMI) . . .207 Mcf (thousand cubic feet) . . 180.429 risks . .104 use of petroleum for operations (lease use) . 2-5 Lessee .228. 124. . 116. . .24 Landman . 174. 263. 1-4. (See LACT unit) Lease condensate. .430. .174. production sharing contracts .92 primary term . (See Independent Petroleum Association of America) Isobutane . 157. 192. 209. . . . . 296.113.169. . . 437 transfer pricing . . 94.208. . . . 193.148.149–151 joint interest audits . . 411. (See New York Mercantile Exchange) Mergers . 426.149 material transfers . .168 Joint (of pipe) . . . . . 91.63. 213. 217 Lithospheric plates .163. 439. . . .442 U. 150–157. 435. 209.81.174.210. . . .49.Chapter 7 accounting for unproved leases . 168 JIBE (Joint Interest Billing Exchange) . . . 485. . 82.125 Kiloliter . 91–92 broker .170. 190195.3. . 324. 189 (See also Volumes) MERC.3. . 104. . 245. . . 385. 407. . 166 nonoperator . . 208. (See Stripper well) Mark-to-market accounting . . . 404. . . 164 joint venture agreement . 264 Lease use gas. . . . . 123. . 162–168 partnerships . 1-8. . . .

. 2-18. 352. 323. 156. . 154. . 200. 477-500 (See also Disclosures) Normal butane . . 186 Methane .557 leasing . . Production payment. 578 NYMEX. .151. 382. 187.216 .55 Meter . . . 486. 251. government) Offset clause . . . 401. . 123. (See Minerals Management Service [MMS]) Mobil . 228 Meter ticket . 455.10. . 3.383.Index Mesozoic era . . . 2-11. 174. 292. 492. . . 166.180. 292. . 174. .4. 368. 111. .33. . 367. . 573. 493. 219-248 inventory .33 Natural gas. 107.3 (See also Volumes) MMS. . . 2-29. 552.33 Mineral interest or right. 558 exploratory drilling . (See New York Mercantile Exchange (NYMEX)) O_ _______________________ Occupational Safety and Health Administration (OSHA). 169. . 506. . 481.3. 1-13. 354. 15. 2-15 (See also Net profits interest.382 tax treatment . 1-2. . (See Gas [natural]) Natural Gas Act of 1938 . 205. . 328. 198. . 479. . 195.2. 324. . . 559 shared facilities . . . 559 removal and restoration . . 255. .90. 207 Net-back method . 394. . 380. 255.Chapter 28. 2-4. (See Prices [oil.7. 2-19. 556. 402. 488. (See Sales: of NGL) storage . 401. . 216 North Slope of Alaska . 167. . 349. 223. 117. . . .556. .3 (See also Volumes) MMcf (million cubic feet) . 1-1.256. . 1-13 Net revenue interest (NRI) .552. 188. 352. . 2-3. 215. . 1-5.2. . 1-2. . 554 evaluation wells .49. . .238. . . 213. future . .110. 254. . .557. 192. 456. 547 Nomination (for gas sales) . 385.292. 480. 83. 499.51. (See Royalty: guaranteed) Miscible flood or injection . 233. . (See U. 363. 157. . 256 Non-value disclosures . and Royalty) Nonoperator . 554. .557 joint operations .552 production and transportation . 556. . 242.115.8. . (See Casinghead gas) OPEC (Organization of Petroleum Exporting Countries) . . 108. . 192. 2-7. 352. 217 (See also Condensate and Natural gas liquids [NGL]) Natural Gas Policy Act of 1978 (NGPA) . . 395. 208. 447.553. 129 Offshore operations . 164. . .211 Natural gasolines .557 Oil. (See Production payment and Overriding royalties) 10 Nonintegrated companies. . .559 support facilities . 483. 2-15 (See also Economic interest) Operational balancing agreements .237 sales. 113. 272. 423. 119. . 10. 572. 327. 479-500 (See also Disclosures) Nonassociated gas* Nonconsent . 366. gas. 121. (See Independent producer) Nonoperating interest . 3-3 N_ _______________________ Naked option . . . . 3.553. .211 Natural gas liquids (NGL) . (See Joint interest or joint venture: joint operating agreement) Operating interest . (See Crude oil) Oil & Gas Journal . 189. . . 166. 269. 542 Oil seep* . 271. . 552 MMS leasing form . 194. 180. 380. 2-13. 194. 262.557. 558 G&G costs . 382. 2-13. . 482. (See Economic interest) Minerals Management Service (MMS) . 2-3. 165. . 499. . .S. 1-7. 2-15 to 2-24 Oil pool* Oil Price Information Service (OPIS) .556–559 DD&A .Chapter 13. . 15. . 581 Nominal dollars . . 124. . 367. 419.558 development costs . . . 455. 484. . 203. . 2-10. . . 403. . 2-30 accounting for NGL sales . 477. 220. 557. 524. 248. 365. 336. 2-11. 111. .555. . .39. 7. 383. . . 389. 410. .206 Natural Gas Intelligence Gas Price Index . . 526. . . . 211. . 388. . . . 118. . 571. 437. . 558 accounting issues . (See Lease) Oil and gas producing activities . 115. 495 Mont Belvieu. 70 Operating agreement. 242 Net-back pricing . . 349. . 1-3. 388. 333. 343. 395 Net wells* New field wildcat* New York Mercantile Exchange (NYMEX or MERC) . . . 385 term net profits interests . 319. 62. 304 Oil and gas lease. 126.2. . . 388. . . 209.82 Offset well . . 518. 4 Oil storage. .Chapter 28. (See Inventory and storage) Oil well.562 MMbtu . 156. . . 57. 404 Noncontinuing interest*.218 Oil pricing. . 192. . 251 Nonvalue disclosures .218 Net profits interest . 386. . 452.9. 558 drilling .2. 1-9. 557. . . 348. 386. Texas .552 (See CD—Exhibit B) Minimum royalty. 191. 1-10. . 305. . .573 National Petroleum Council (NPC) . 404. 302 Mid-Continent Oil & Gas Association . 114. 553. . . 545. .55 Metamorphic rocks . 224. .557–559 unproved properties . 353. . 541. 74. 195.89. 384.382. 230. .556 production costs . 277. .218 Mouse hole* Mud . 2-2. 326.552 MMS .198 Natural Gas Week .209. 186.10. .151. 490. 238. . 162. and NGL]) Oil sand . . 228. .304. . 142. 261. (See Well) Oil-well gas. . 174. 348. 214. 125. 14.6. 2-23. 558 exploration . . 157. 479. 11.90. 174. . 402 Notional amount . . . 447 general accounting . 384 Net revenue(s). 354. 390. .10. 258. .

. 194. 563. 6. . . . 452. 197.273 Payout . 29. 220-222. . 343. 384. . . 559. 140 Plug and abandon (P&A) . 245.153-155. (See Derivatives) Option payment . 407.174. 348. .56. 418.150. 332. 104. 449.374 Prepaid expenses . . . . 69. 555-557. 560 gas reservoirs . 173. 237. .11 Operator . . 481. 319 index (or reference) . 552 Over-the-counter commodity contracts (OTC) . . 148. 149.414. 204. . 417. 402. 312.418. (See Reservoir) Permit to drill . 312. 3-7 Option contracts. 420. 456. 80. . 380.32. . . 218. 188 ORRI. 227. .179. 217. 135 Posted field price*. 89. 255. 2-13 assets. 419 • management and service fees . 333.366–367 Ownership change . 206-208. 162. .Chapter 11. . 209. . . 113. 422 general partnerships . 393. 70. 250. . 255 Premiums. 572. . 233 Predetermined allocation (PDA) . . 217 Petroleum Accounting and Financial Management Journal . 196. 392. 354. 1-8. 323. 172173.307. 246 oil reservoirs . . 25. 211 posted . 32. 411-413. 270. 313. . . 86. 336.174. (See Nonoperating interest) retention . . . . 150-157. . . 540 accounting for costs . 192-197 Porosity. . 168. 410. 383. 33. 331. 312.2 Plants. 406-424. . 2-21.4-1 Petroleum economics . . . 186. 307. 261. 366. gas.406. 142. 200-218 determination of . 396. . 383-386. 385. 146. . .107 Petrochemical industry . (See Equipment [lease and well]) Paleozoic era . . 58 Plug-back . 314. 443. 352. 94 Prepaid price swap . 211. 573 Overhead . 452. 23. . 2-13 (See also Nonconsent and Reversionary interest) rule of thumb . (See Posted price bulletin) Prices (oil. 276. (See Differential[s]) Prepaid commodity sale (prepaid) . . 441. 14-20 Petroleum Resources Management System . 286. 143.8. . 396.2. 372-374. . 352. 556 transportation agreements . 492. 225. . 202.131. 175 Pressure regulator* Price bulletin. 452. 170. . 76. . (See Taxes. 136. .24. 201. 366. 266 Phillips decision . . 2-7 Primary recovery . 9. . 456. . . . 209. . . . . 148.202-205 spot .229 (See also Conveyances and Lease) P_ _______________________ Packer. 78. 391.352. 2-30 Privately held company GAAP (of shipped gas) . 414 Pay . . 196. 251. 272. 214. 126 Pool*. . 109. (See Conveyances) gas sales . . 251.229 Pentanes plus. 125. 70. . 1-6. 417. . (See Reservoir) Post-balance-sheet events . 195. .55 Paper barrels .214. . 2-12. 271. 350. 93. price.269. 88. 187. (See Gas processing) Plate tectonics . 208. .422-424 FIN 46R.7-10. 220. . . . . 421. 166. 362. 575 (See also Derivatives) historical . 1-6.406-408. 214 Participation factors. 362. .198. . . 417-419 exchange offers . 353. . . 366. . . 1-8. 415 • syndication fees . . 389. . . 304.107. . 2-26 joint venture . . . 91. .206 Pig* Pipelines . 83. 213 Pitch . 175. 363–366 tax treatment of sales and leases . 427. 362. . 1-13.32. . . . 390. 288. 254. 419. (See Posted price bulletin) Posted price bulletin . 414. . 212. 124-126. 367.197. . 334. 427. 414-416 G&A reimbursement . . . 205. . . .88 Organization . 215. . . 201.214. 4-1 E&P company .422-424 • organization costs . 153. 363. 111. . .304 futures . 255 . . 415. 498.102. 248. 155. 377. . 1-3. 83.7-10. . . 132. 173.111. 203 Pounds per square inch absolute (psia) . 109. 179.406. 92. 205. (See Natural gasolines) Percentage depletion. 308. 414.414 managing partner .187.9. . . . 432. income) Permeability. 415. . 308 Pro-rata allocation . . . .Chapter 2. . 353. 162 Overriding royalty interest (ORRI) . 429. 166. . .97. 526. . 95. .416-418 • drilling funds . 457. 468.415 • sharing ratios (voting interest) .18. 110.201. . 352.3. 192. 82. 440. 456-458.203 Parking . Chapter 3 industry associations . .414 • income funds . 360. . 109. 370. .3. . 331.22. . . 579 (See also Differential[s]) forecasted . 200. Chapter 24. 406-410. . 92. . 344. 12. 404. . . . 559. 416 (See also Consolidation) conveyance of mineral interests .17. . 224. 418. . 415. . (See Overriding royalty interest) Outer continental shelf (OCS) .37. .216 residue . . 381. 422. 154. 526. 2-12. 30. . .17. . . 6. . 324. 106. Consolidation of Variable Interest Entities . . 229. 203.572. 1-14 consolidation . 421 risk and rewards method . 150.27. 187. 447 conveyance .352–354. 574-577 Primary lease terms . . 255. 246. 175. 404. 76. 411. 125. 549. 80. 168. 267 Orifice meter . 443. 180. . . 149. 179 (See Sales) fixed . . 534 Pooling . 18.406 limited partnerships • consolidation . . .406-408. 353. . 315. . 363–366 net profits interest. 298. 139. . 5.50. 388-390. .139. .381 Pressure maintenance . 218. 86. 395. . 17. 115. (See Unitization) Partnerships .210. . . (See Reservoir) Pool (full cost or amortization) . . 322. 499. .289 Index effective date . 571-573. . .3. 406. and NGL) .75. 216. 572-576. 454. 212-214. 443.419-422 • master limited partnerships .415-416 • conveyances . 84. 354. 354.45. 245.21–33. 406. . 2-20. 162. 560. . .

. 293. 263. 213 Reserve recognition accounting (RRA) . 61. . 454 Refining . 557. 423. 89. . . 58. . . 139. . 368. . . .46-48 (See Acquisition costs) amortization of . 229. 479.446-448 Property accounting. 271. . 273 general definitions and categories . 40. . 276. 392. 228. . 52. 148. . . .268. 620 proved undeveloped .39. 229. 246. . . .312. 3. 1-3. . 174. . 526-528 SEC registrants . 294 proved developed reserves . 606. 374-376.Index Processing plants. 2-31 Proved mineral interests. . 562 gas processing . . Chapter 15. 243. 24. 268. 280 Public Company Accounting Reform and Investor Protection Act of 2002 . 288. 492. . 2-8. . 557. 46. 25. .260. . . . .37. . . 571. (See Proved property) Proved (or proven) property . 472. 483. 393. 384 production loan . 560. 576. 271. . 326-329. 219. 25. 259. 42. 2-30 . (See Abandon. 138. 273 Reference prices . 271. 264 offshore . 343. . 261 Production department .212. (See Gas processing) Production costs . 285-288.213 Real dollars . (See Valuation) Proved reserves. . 286. 293.19. . 279. . 485-487. . 2-30. 227. 180 Q_ _______________________ Quarter section* R_ _______________________ Rabbit* Rat hole* Rate schedule (in pipeline tariff filings) . 363. (See Plug and abandon) Recompletion .23. 62. 291. 52 (See Impairment of proved property) valuation of. 271. 36-43. 43. 378-382. 278. . 356. . 279 shut-in . . 261. 483. 497. 15.7.261. 103. 2-3. 562 reserve determination . 279. 524. 1-4. . 51. 262. 339. 248.263. 2-6. . .261-263 lease operating expenses . 269. 316. . 18. . 285-288. 302. 292. 137. . 269. . 211. 203. . 373 retained . 2-14. 506. . 2-12. 402 12 Public Company Accounting Oversight Board (PCAOB) .266-268. 61.48. 132-140. 303. 258-264.236. .51.371. . 562 (See Disclosures) economic limit . 242.17.36.78. 180. 265-273. 2-16 EITF Issue No. .258 defined . 354. . 451. . 273. 349.18. . 1-5. 527 FAS 69 .269. .259. . . 282. . 562 Released firm capacity . . 481.57. 352. 2-30 Property. . 1-3. .24 Production funds . 562. . and Conveyances) Property acquisition costs. . 485. 294. 235 Production engineers .274. 372. 302. (See Ad valorem taxes) Property. 188. 481. 422. 349. 214 Remittance advice . . 1-13 Reserves. oil & gas behind-pipe . . 2-13. . 281. 477-483. 499.174. .36. 330 Propane .177. 502504. 139.38. . 77. 274 Proved area .38. 112. 319. 285. . 519. . . 437.258 direct . . . 187. . .268. 585.372.259. (See also Reserves. 395 Promotional activities . 51. 38. 200. 68. 185.363. 282. 362-365. . oil & gas) Prudhoe Bay . 563.395 Promoting . .242.25. 1-2. 479. 40. 490. . 355-358. 1-1. 264 repairs and maintenance . oil & gas: behind-pipe) Recovery factor . 308. 374. . 231.260. 2-26 accumulation . 280 Reservoir . .258.415. 626 reporting . 146. 202. . 258. 15.274 possible . .48. 24. 78.371. . .272 disclosures . . 401. 2-15. 560. Acquisition costs. (See Plug and abandon) Rental. (See Consolidation) Proration . 224. 43. undeveloped . 2-7 Reinjected gas . 374. 1-5. . 283. 393. . 242. 19. 278-280.272 SPE standards . 261 indirect production costs . 384-386. 2-5.3. 348. 401. . 354. . 265-280 performance curves . 103. . . 50-52 (See DD&A) conveyances of . (See Reserves. 300 estimating . 1-8. 304. . . 180. 493. 385. 43-47. 517. 217.260. . . . . 410. . 510-515. . . 344. 2-10. . 43. 308.261 cost center . 303. 291. 502. . 271. 261 salt water disposal .37 Pumper . 441. 423 probable .305 Reclamation. . 511. . 563. 378-384.259. . 239. 282.212. .559 pumping . 304. . (See Casing) Production taxes. 88-18 . 362. . 40-42. 558. . 2-29. .87.31 Publicly-traded . . 194.258-262 lease operating statements .37 (See Conveyances) impairment of . 282.312. 273. . 437. . 371-381.269. 272. (See Taxes) Productivity test* Project area* Promoted . . 423 proved .272. 211. 301. 362. . 269. . 260 ad valorem production and severance taxes . (See Acquisition costs) Property taxes. 217. 230 Removal and restoration. 436. 17. .266-269. 43. 447. (See Lease and Economic interest) income tax definition . 527. 97. . . 493. 2-29. 329. . 478. 370. 20. 45-47. . . 366. 276. 22. 379-386 Production string. . 441. 278. 456 Proportionate consolidation.372. 527. 3-2 acquisition of .414 Production loan . 614. . . . 236. . . 25. . . 1-1. 276. . 76. Chapter 16. . . .14. 386 tax treatment . . . 278. . 14. 245. 52. (See Delay rental) Reservation charge . 5.49. 288. . 585. 41. . 506-508. 488. 364. 273. 533. 45-48. 2-15. 260 deferral . 56-58. 373 (See also Production payment) Production payment . . . 252.385 volume production payment (VPP) . 452 workover . .2. 373. 272. 270. 1-4. . . 494. 195.

61 Secondary recovery. 119. 49.44. . 581 counterparty credit . 366-367. . . 224. . .230 cash receipts approach . 243.Chapter 33. 292. . 133.83. 424. . 214. (See Dismantlement. . 238. 114. 242.176. 209. 241.401 Run of oil .25. . . 197. 216. . 31. 2-32. 237. . 120. .235-237 of oil .37 Accounting Series Release No. (See Drilling [sharing] arrangements) Shipper . . 310. 136. 329. . 208 Slim hole* SMOG.577 price . 428-454. 499 Guide 2. .3. . (See also Sales) deck . .577 liquidity . 149-152. . . 248 gas plant . 292.59. 200. . 2-18. . 566 Risk management . 379-390. . 111. 75. 63. . 225. . 391 Rig . 380-381. . Topic 2D . . 118 Right of asset .Chapter 8.4. . . 538 Satellite survey . . 248. . 119. . (See Securities and Exchange Commission [SEC]) Sales accounting for oil. . 237. .89. . .110. 553-556 • submersible .168. 566-582 assessment . . 197 Salt water disposal well. 152. 48. 225.95. 568 control . 230. 234.479 Codification of Financial Reporting Releases . . . 166. 106-130 cable tool rig .37. . 238 of NGL . 554 • jack-up . 230 centers .13 permeability . . 177.56. 227. . . 77. 2-21. .553. 451. . 231. 193. . gas. 348. 2-8. .68. . . (See Rig) Sensitivity analysis . 61. 471.55 Seismic. 75. 235. 250 Shooting . . 258 .62 Seal (a rock layer) . .10 Royalty . . . . 339. 395.110. . 87-90. 85. .209. 573. (See Reserves. 65 Reservoir engineers .227-230 of property .58.230. 180. 278. 566 inherent . 151.31. . . . . (See DD&A. Topic 12 . .197. . 156. . . 344. oil & gas) Shut-in royalties . . SX Rule 4-10) . . 235. 2-33. (See Enhanced [improved] recovery) Securities and Exchange Commission (SEC) . . .197.64 Shut-in reserves. .177 Sharing arrangements. 33. 304. and abandonment [DR&A]) Retained interest*. 396. . . 217. 308. 497. 235. 1-7. 188. (See Equipment [lease and well]) Settlement statement . and NGL sales . 570. . . .37. . . . 224.Chapter 21.22.242-243 Royalty trust . 577 correlation . 92 Shot point . .Chapter 13. 372.577 credit . 478 Accounting Series Release No. 185. 194.229. . 418 (See also Conveyances) Salt dome . 229. . 248 Revenue method of full cost amortization. 319. . 2-5. . .310 Sedimentary rocks . 483.572. 60. 554 • drilling ship . . 380.113.275. . . (See Reservoir) Rotary rig. . .553-554 rotary rig . 105 rocks . 492. . 447 (See Overriding royalty interest [ORRI]) reporting . 568.82 Index overriding. 478 Accounting Series Release No. 253 . . 221-226. .480.56. 352-354. 242-246 (See Nonoperating interest) advance royalty* compensatory . 149152. 611 Revenue accounting . 145. . 368. . 92.426. . 380-384. . . . 352-354. . 228. . 317. 192. . . . 231. full cost) Revenue subledger . 235. 571. 230. . .497 Regulation S-K . 552. 213. . 567. 263. 2-34 Sarbanes-Oxley Act . . 202 S_ _______________________ S-X Rule 4-10. 566. . 223-224. .553 (See Rig. (See Well) Salvage value . . .24. 74. 196. 3-2 accounting for . 169. 555 • drilling barge . . 237-240 Severance taxes. 121.117.89 guaranteed or minimum .228. . 257 . 531. 318.115. 224. 363-366. 219. 49. .68. 260 Shooting rights . 269 . (See Economic interest) Retirements of proved properties . . 243. . 266 Reservoir simulators . Appendix 1 Staff Accounting Bulletin. 565. 90. 553-555 • semi-submersible . . . . . . 2-9.348 Risk .47. . 120.31. 107. . 2-8. . 384-385. . . 554. . 220-226. 212. .479. . . 196.224 shut-in . 220. . 233 Revenues held in suspense . . . . 244 interest .56. 57. . Disclosure of Oil and Gas Operations . 567. 57.26-28. 348.233-235.202 Run ticket . . . . .576 Rocks. 48. . 60-62 porosity . 535 Staff Accounting Bulletin. . . . 401. 242 allocation of . 48. . 80-90. 576. 498. 355-358. (See Standardized measure) .357 sales and abandonments . 74.90. . 352-345. 79-85. (See Taxes: production and severance) Shakeout . . .Appendix 1 Accounting Series Release No.220. (See Rig) Royal Dutch Shell . 1-10 Regulation S-X Rule 4-10 (Reg. 113 mobile . 580. . . 195. 3-4 Reversionary interest . . offshore and Workover) offshore rig . .547 Separator.30. . .196 Restoration. 150. 347-367. . 366. restoration.344. 30. 233. 65. . 238. . 2-11. .82. 219.26-28. . . . 449. 235. . 219-248 of gas . . 40. . 244 Shut-in well . (See Geological and geophysical) Seismograph* Semi-submersible rigs. . 381 lease provision . 149. 215. 276 Residue gas . 220-254.553. . 46. 59-63. . 43. 373 accounts receivable approach . 2-3. 2-15. 367. 119. .

25. 68. 519. successful efforts) conveyances . . 278. . 270. 33.32.56. 40. . 1-10 No. . 266. 469. . 494. Chapter 29. 334.38. 225. 256. 298. . 492. 578. .173. 366 (See also Conveyances) costs incurred . 138140. . 109. 500. . . .475. 506-508. .Chapter 17. 471. . 510. 372. 539 No. 502504. 479. .37. 598. 577. 414. 524. 324. 343346.502-504 example of computing SMOG . 42-45. Suspension of Certain Accounting Requirements for Oil and Gas Producing companies .58. . . . 322.135. 2-7. . . .32. . 308. Disclosures about Segments of an Enterprise and Related Information . 563 Petroleum Resources Management System . 34. Amendment of Statements 133 on Derivative Instruments and Hedging . 343. 267. 514 No. 333. 90.464-467. 2-28 basic rules . 197 Stratigraphic test well . 493. Accounting for Investment in Real Estate Ventures . 526. 490. 594 No. . . .37 Success ratio . 303. 280. . 2-25. . Accounting Changes and Error Corrections .119. 324. . 494. 499. Financial Accounting and Reporting for Oil and Gas Producing Companies . 482. Appendix 1 (See Disclosures and Standardized measure) No. . 538 14 No. . 374. . 562 Stock tanks . (See Leases) Submersible rigs . 269. 298. 137. . 535 (See also Taxes. 130. 1-4. . 50-52. 106. 323. Fair Value Measurements . 300.3 Sour gas . 324. . 348. 63. 295-308. .596 No.533.36-40. Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed of . . 38. 135. . 490. 410. .63–65 cross-section mapping* structural surface maps . 242-244.Index Society of Petroleum Engineers (SPE) . 513-515. 488. 225.581. . 558. 317.19 Supermajors .595-596 Standard Oil . 2-29. . 579 No. . 298. 348353. 90. 308.502-506. .Chapter 17. 350. 380. 355-357. 538. 514-518. 288. 532. 304. 302. . . 281-296 (See also Impairment of proved property. . 413. 288. 269.413. 173.37. 134-138. 267. . . 632 No. 337-340. 437. 424 Sour crude oil . . 33.38. 474.36-38.39.85. 71.62–65 Structural traps . . 499. . (See Well) Staff Accounting Bulletins. 524. 131-134. . 499. 2-31 Stratigraphic traps . 146. (See Disclosures) . 364.58 Subleases. . 547. . 141. .410. . 133. 360. 144. 499. Chapter 17. 348. . 150. (See Enhanced [improved] recovery) Step-out well (offset well) . . 96. 535. 482. . . 281-296. 256. 268. 40. Reporting on the Costs of Start-up Activities . 319. 368. 1-6. 485. 365. . 304. 333. 406. 143 Accounting for Asset Retirement Obligations . . . . 138. 550. 406. . 582 Static pressure . 2-22. 148. . Accounting for the Impairment or Disposal of Long-lived Assets . . 378. . 413.194 Straight-up arrangement . 411. 475. 94-96. 563. 511. 266. .36-38 impairment. 125. 478.36 overview of . 136. 60 Strip a well* Stripper well* . 581. 468. Appendix 2 No. 2-11. 266. 188 Steam injection. 331. 310. 530. Accounting for Suspended Well Costs . 348-353. . Impairment of unproved properties. (See Securities and Exchange Commission [SEC]) Staking . . Figure 4-1 privately held company . 269. . . 138. 121. 131. . 368. . an Amendment of FASB Statement No. Capitalization of Interest Cost .310. . 344. . Disclosures about Oil and Gas Producing Activities . 13 . 527.176 Strategic Petroleum Reserve . 363. . 307. . 553. 164. 16 Supplemental disclosures. 355-357. . 332. 232. 344 No. 381. . 94-97. 339. 281-296 (See  DD&A.32. 149. 95. .7. . . . .187. 38. 269. 422. 478. . 436.452 Standardized measure (SMOG) . .505-524 examples of computing SMOG changes . . .143-146. 157. . 554 Subsurface geophysical measurements . 92. . . 550 SOP 78-9. 143-146. 263. 308. . 330. .38 No. Accounting for Derivative Instruments and Hedging Activities .3 Spacing .527 waiver for certain partnerships. . 403.62. 375. Business Combinations . . . .395 Strapping . 541. 381-384.10. 69. . . . 421. Accounting for Income Taxes .189 Split connection* Spot sales contracts. 488. 370. 499. . 477-483. 19-1. 279. . . 43-49 amortization or DD&A . . 398. 102. . .37. 497. 489. . 109. . 366. .508.129 Stimulation . 271. 104. income) No. 273. 19.454 Structural maps* . 416 SOP 98-5. . 262. 562. 283. (See Sales) Spud. 313. 470-472. 557-559. 143. 310. . and DD&A) history of . 332. . 157. 315. 144. 388. 549. . . . . 154. . .232.39-42 disposition of capitalized costs . 64 Subsurface mapping . 627. (See Impairment of proved property and Impairment of unproved properties) method defined . 410. 577-581 No. 365. 73-78. . 292 No. 291. 368.63.578 No. 363. 94. . . Accounting for Certain Derivative Instruments and Certain Hedging Activities. 499. 538. 310. 528. Appendix 1 accounts . 91 Subsurface owner . 441. 560. 502-528. 111. . 526 usefulness . .5 Statement of Financial Accounting Standards (FAS) . . 479. 266 Society of Petroleum Evaluation Engineers (SPEE) . 284 Spectrometer . . 550. . 415-418. 313. 478. 302. 510518. . 302. . 365. 525 illustrative disclosures . . . 37. 174 Straddle plant .80 Successful efforts accounting method . 134. . 2-23 accounting policy disclosure . . 534. 134. 526-528. 333. .

262. 2-6. 514. 461. . 457 intercorporate tax allocation . 460. 2-31. 3-2. 543. 135. . 509. 200-218. 97. income) ad valorem (property) .461 excess IDC . .126 Swaps . 155. . 299.104 Toppling . 575. . 556 Transporter .28. . 148. . . 258.5. . . . . . (See Enhanced [improved] recovery) Test well contributions . 2-34.227. .450. 194.10. 212. 453-455 permanent differences . 447 enhanced oil recovery credit . . .540. . 445-462 allowable depletion .454 alternative minimum tax (AMT) . . 51. . . . .446.577 T_________________________ Take-or-pay contract . 302. 456. 218. 322. 301. 552 Energy Information Administration (EIA) . .216-218. . 520. . . 262. 543. . . . 529. 452. 14. 93. . 173 Bureau of Land Management (BLM) . 447 qualified production activities income . . 1-4.450. . . 502. . 254. .68.80 restoration. 261. .9. 557. 200 Transportation . 4-2 . .177. . 446-462. . . 513. 305. 119.448. 470-472. . 504. . 327. . 263. 417. . . 431. 546. . 524.464-476 delay rentals . 2-23. 9. 89. 113 Top leases . 469 property definition .15 Support equipment and facilities . . . 432. 186. 54. .464-467. . 202.Chapters 26 and 27 (See also Taxes. 580 Sweet crude.449 temporary differences . .458. 457. 456 sources of taxable income . .459. 71. . 550 Taxes . 1-8.470-473 Tcf .173 Tank strapper . 453. 430. 18. . 3-6 depreciation of . income . 459. . .336 Trans Alaska Pipeline System (TAPS) . 489. . 69.172 Tripping-in/out . . 1-5. 232. . 507. (See Equipment [lease and well]) Tank battery . . 471 tangible equipment costs . 99. . . (See Equipment [lease and well]) Turnkey well . Chapter 26. 4-2 Department of the Interior . . 2-23. . 497. .462 S corporation . 508. 270 Taxes. 213. (See Gas [natural]) Synthetic-instrument accounting . 52. . (See Casing) Surface owners . 535 G&G (geological and geophysical) . 95. . 210-214 NGL . 452 leasehold . . 1-2. . 235-241.488 Surface casing. and abandonment [DR&A]) Surrender . 526. . 470 production and severance . 218. 510. . . . (See Dismantlement. 435. 428. . 9. 326. 518.464-475 valuation allowance . 573. 516. . 357 Surrendered or abandoned property. . .475 interim financial reporting . . 83.446. . . . 503. . 293-294 disclosure of costs . . . . 2-1. 479 partnership . 475. . 38.3. . . .5.456-459 safe harbor election . 237-239 oil . (See Geological and geophysical [G&G]) Tight hole* Tight sands . 198. 60. .453 sharing arrangements . 404 Department of Energy (DOE) . 23. .42. 186. (See In-kind) Tangible costs. 2-28 accounting for . . 553 Tank bottoms . . . . . . 189 Three-dimensional (3-D) seismic. .214. 3-3 gas .448 limited liability company . 469 intangible drilling and development costs (IDC) . . 2-9.453 economic interest definition . 545. 1-8 U_ _______________________ U. . 60 Tubing.458 business combinations . . .173. 54.106 Temporarily abandoned well* Tertiary recovery. (See Crude oil) Sweet gas.448. 2-10. 75 Texaco .18. 170. 33. . . 496. 7 TD (total depth of well) .476 joint venture . . 93. 152. 227. .7. . 215. 14-16. 466. . 61. .7. Chapter 27.455. 3-4. 481. . . . . 107. 69. 250 Trap . 100. .33. . 453-455 credits . . 1-7. 216. 470 at-risk rules . 528. 517. .475.449452. 7. . . . 176. . 10 Texas Independent Producers and Royalty Owners Association (TIPRO) . .177 Thousand cubic feet (Mcf) . . .6 Thermal stimulation . 59. 274.469 Take in-kind. 459 overviews . . . . 3-3. 235.3. 468 DD&A . 19. 329. 1-5.106. 456.6. 11. . .48. 6. 185 Tax shield . . 136.472-474 dry hole costs . . . . 449. . 2-7. 37. 2-7. 220. . 2-5. . 140 Treater . . 478. . 571. . . 62 Titusville . 201.446. 459 percentage (or statutory) depletion . 457. 506. 113. Chapter 26. . 460 disclosure requirements . 535 corporate . 261 foreign .176 Tank table . 462 deferred . 242.456-459 passive loss rules . . . . 521. . .446.218. . . . .362. 558. 173. . . 2-20. 36. (See Abandon) Swab .465. . . 525.45. . . 429. 37. . 217. restoration. . .78. 461 FAS 109 .460. 523. 474. 197. 571. 1-11. .33 Texas Railroad Commission . . government . . 33. 535. 450. 2-17.58. . 488.200-202.448. 278. . .456-458 loss limitations . 438.122 Truncation traps . 323.469 depreciation of tangible equipment costs .458.470. . .52.449. .562 Thief . . 475 Index lease abandonment . .86. .4. . . 464-476.58. 459. . 382. 209. .449. 112. 108. 187. 505. 541.18. 499. . . 458 cost depletion .S. .

268. 398. . 549. 349. . 389. . . 212. 45.60. . 571 (See Securities and Exchange Commission [SEC]) Federal Power Commission . 545. . 262. .19. . . 160. and surrender . 464. 549. . 259. .47. . 180. 70-75. .189 oil . 368.117. 483. 2-6 Vibroseis . . . . 102.17. . 98. 103. 304. . 366. . 350. . (See Economic interest) Workover . (See Acquisition costs) carrying costs of. .576 Zone . . 115. 381. 198. .47-48.32. 451.73-74 workover . 537-543. . 3-2 accounting for acquisition. 46. 107. (See Weighted average cost of capital) 16 Water disposal . . 543 discounted cash flow . 1-13. . 549 Well AFE . 75.541. 51. 2-23. 492. 104. 527. . 218. (See Impairment of unproved properties) income tax .126-127 drilling . . 271. 136. 545. 2-25.560. 96. . 328. 285. (See Carrying costs) conveyances of. 470. 269. 530. . . 576. 476. 148. 336-337 (See also Plug and abandon) proposal . . . 6. . 362. 2-13. 488. . 242. . . .543–544 cost approach . 105-130 equipment .42. . . 399. 351.132. 76. 548 market approach . 357. . 1-4. . . . 313. . . .8 Work in progress . . 560 Water injection . 278. 201. 352. 475. 76. . 256.3 gas . 559. . .Chapter 8. 2-21. . 471. (See Abandon) V_ _______________________ Valuation . 572. 109. 71. . measurement of . . . .461. .64 Viscosity . 398 redetermination of interests . . 532. 469. 573. 47. (See Well) Windfall profit tax . 140.107. . 266. 176. . 365. 173.497 number of . . 186–189 NGL .136-138 successful efforts accounting for exploratory well costs . 396. .136 gross and net productive oil and gas wells .203 Wet gas. 2-14. 395. 493. 499. 1-8. 386. 305. 562 Volatility . . 577 Volumes. 68. . 549 Value-based disclosures. 95-98. 473.396–401 federal . retention. . . 397. 170. .8. 54. 42. 546.26.132-136 tests . 245. . . . .47. . . . . 52.539. . 43. . (See Unproved property) Unit-of-production method (of amortization). . . 68 accounts for . . 552 Occupational Safety and Health Administration (OSHA) . 137 types of . . 197. 2-14.Index Environmental Protection Agency (EPA) .539. 1-4. . . 472. . 326. 48. . 548.137 Wellhead. 396.401–402 participation factors . . 353. 80. 303 X Y Z_ ____________________ Zero-cost collar . .399–401 Unproved property . 398. 559 Water flooding . . 138 G&G . 48.9. . .275. . . 350. . 388. . . 50. 404.39. 51–52.395. (See Conveyances) impairment of. 452. 325. 14. 150. . .539. 401. 300. . 151.108 Minerals Management Service (MMS) . .81 surrender. 3-2 World Petroleum Council (WPC) . 261. 2-7. 543. 383. 48. . 317. 2-30 Water well* Weighted average cost of capital . 207. 546 SPEE annual survey . 74. 27.538–543 income approach . . (See Production payment) W________________________ WACC.175.3–4. 250-252. 336.138 full cost accounting for exploratory well costs .112.542. (See Disclosures) Valve .15 . 108 Unconformities . 463. 545. 48. 2-26 (See also Fair value) amortization tax benefit . 2-24. . 213. . . 541. 260. 2-20. 260. . 546. . 203. 547 general valuation concepts .111. 79-104 acquisition. 200.127-129 (See also Equipment [lease and well]) full cost accounting for development well costs . 576 Western States Petroleum Association (WSPA) .33 Wet barrels . 472.104 offshore . . 83. .170-176 plugging and abandonment .540. . 140-143 (See Authorization for expenditure) completion of . . 527. 2-14 agreements . .107 Federal Energy Regulatory Commission (FERC) . 73 drilling . .395 equalizations . .176–186 VPP. . 1-2. 541. . 2-30 Water drive . 534. (See DD&A) Unitization . . .6. (See Equipment [lease and well]) West Texas Intermediate (WTI) . . 550. 478. 133. (See Gas [natural]) Wheeling .48.33. 45–46. .24. 2-11. 542. . 570. 113 successful efforts accounting for development well costs . . . 224. 387. 208. . . 261 (See Workover) Working interest.130 placing on production . . 546. . 67. . 2-8. . 206 Fish and Wildlife . . 9. . Chapter 7. 267. . 2-19.214 Wildcat*. . 61 Undeveloped property. . 250. 560. 141. .