• Dalam banyak kasus, dijumpai bahwa property/ kawasan diketahui

mengandung cadangan minyak bersam-sama dengan gas bumi. Dalam

kondisi tersebut maka perlu dilakukan suatu konversi.
• KONVERSI
Cadangan minyak dan gas bumi yang diproduksi akan diukur
berdasarkan energi yang terkandung di dalamnya. Perbandingan BTU
(British Thermal Units = banyaknya barel minyak) dan McF (Metric Cubic
Feet = banyaknya gas bumi) dengan perbandingan 6 (enam)
dibandingkan dengan 1 (satu).
Konversi dapat juga dilakukan dengan mengalikan jumlah barel minyak
dengan 6 untuk mendapatkan jumlah McF gas atau sebaliknya.
Jika proporsi minyak dan gas bumi yang dikalikan saat ini relatif sama,
amortisasi dapat dihitung berdasarkan pada satu dari dua mineral
(minyak atau gas).
• Jika salah satu mineral (minyak atau gas bumi) lebih
dominan (berdasarkan kandungan energi), amortisasi
dapat dihitung berdasarkan mineral yang mendominasi
tersebut (FASB statement nomor 19 paragraf 38).
• Ada tiga metode yang dapat digunakan untuk penentuan
minyak dan gas bumi yang diproduksi secara bersama-
sama, yaitu:
a. Common unit of mesure – converting to common energy
unit
b. Same relative proportion – using either oil or gas
c. Dominant mineral – using the dominant mineral
Example
Tyler Oil Company has a fully developed producing lease that has both
oiland gas reserves. Data for Tyler’s cost and working interest share of
reserves in the lease are as follows:
Net Capitalized costs December 31……………………… .$ 2,200,000
Estimated proved developed reserves, Desember 31:
Oil ………………………………………………………………..400,000 bbl
Gas ……………………………………………………………1,800,000 Mcf
Productioon during the year:
Oil …………………………………………………………………50,000 bbl
Gas ……………………………………………………………...240,000 Mcf
Common Unit Of Measure
BOE (Barrel Of Oil Equivalent)
Production during The year:
Oil 50,000 bbl
Gas (240,000/6) 40,000 BOE
Total 90,000 BOE

Proved Developed reserves, 12/31:

Oil 400,000 bbl
Gas (1,800,000/6) 300,000 BOE
Total 700,000 BOE

Mcfe (Equivalent Mcf)

Production during the year :
Oil (50,000 x 6) 300,000 Mcfe
Gas 240,000 Mcf
Total 540,000 Mcfe
Proved Developed reserves, 12/31:
Oil (400,000 x 6) 2,400,000 Mcfe
Gas 1,800,000 Mcf
Total 4,200,000 Mcfe

DD&A Calculation
Using BOE :
$2,200,000 x 90,000 BOE = $ 250,633
700,000 BOE + 90,000 BOE

Using Mcfe
$2,200,000 x 540,000 Mcfe = $ 250,633
4,200,000 Mcfe + 540,000 Mcfe

Entry
DD&A expense …………………….….. 250,633
Accumulated DD&A ………………. 250,633
Same Relative Proportion
DD&A Calculation Computed Using Only Mcf

$ 2,200,000 x 240,000 Mcf = $258,824

1,800,000 Mcf + 240,000 Mcf
Entry
DD&A expense …………………......... 258,824
Accumulated DD&A ……………… 258,824
Dominant Mineral
DD&A Calculation Using Only Oil Barrels
$ 2,200,000 x 50,000 bbl = $ 244,444
400,000 bbl + 50,000 bbl
Entry
DD&A expense …………………......... 244,444
Accumulated DD&A ……………… 244,444
EXAMPLE:
• Tyler Oil Commpany reports on a Quarterly basis. On December 2, 2012, the
company reseived a new reserve report dated November 30, 2012, concerning a fully
developved lease in Texas. The reserve report showed proved developed reserves of
450,000 barrels. The last reserve report, dated December 31, 2011, showed reserves
of 400,000 barrels. Net capitalized costs as of December 31, 2011, were $ 1,000,000.
Production and amortization through the third quarter of 2012 were as follows :

• Quarter Production Amortization calculations

1 20,000 bbl $ 50,000 $ 1,000,000/400,000 x 20,000
2 16,000 bbl 40,000 $ 1,000,000/400,000 x 16,000
3 22,000 bbl 55,000 $ 1,000,000/400,000 x 22,000

October and November Production 10,000 bbl

December Production 13,000 bbl
Total Fourth Quarter production 23,000 bbl
DD&A Calculation
DD&A For Fourth Quarter:
Reserve estimate as of the beginning of the year using new estimate :
Reserve estimate, November 30,2012 450,000 bbl
Add: Production 1st quarter 20,000
Production 2nd quarter 16,000
Production 3rd quarter 22,000
Production during October and November 10,000
Reserve estimate, january 1, 2012 518,000 bbl

DD&A for Fourth quarter = $ 1,000,000 x 23,000 bbl = $ 44,402

518,000 bbl

DD&A for full year :

Amortization for the first three quarter $ 145,000
Amortization for the fourth quarter 44,402
Amortization for the full year $ 189,402
Ngaso sekedap nggihh……..