Petroleum Accounting

Petroleum Accounting
Author: Dennis Jennings
Publisher:
Total Pages:
Release: 2020-06-30
Genre:
ISBN: 9780940966321

This new edition covers many significant changes impacting the petroleum industry including important updates such as current industry practice issues from a proprietary survey conducted by the Institute of Petroleum Accounting, and practical guidance on new standards of revenue recognition, joint arrangements, consolidated financial statements, and disclosure of interests in other entities which are of critical importance to those involved or interested in the petroleum industry.New chapters covering midstream operations, master limited partnerships, and SEC considerations have been added. The updated text will also address numerous operational issues that continue to evolve with the demand for capital, inherent industry risks, and the impacts of product price fluctuation.

Petroleum Accounting

Petroleum Accounting
Author: Horace R. Brock
Publisher: North Texas State Univ
Total Pages: 729
Release: 1992-02-01
Genre: Gas industry
ISBN: 9780940966192

PETROLEUM ACCOUNTING has earned a reputation as a textbook written in clear terms for all ranges of experience. Since its inception, this textbook has provided petroleum industry professionals with comprehensive coverage of oil & gas accounting. Updated as necessary, PETROLEUM ACCOUNTING remains an important tool in the petroleum accountant's library. In a single volume, the reader will find essential information to understand the intricacies of petroleum accounting. The textbook begins with the basics & continues through the complexities of accounting & reporting. PETROLEUM ACCOUNTING is organized in a straightforward manner & provides concise, to-the-point presentation of material. It features illustrations, examples, copies of oil & gas lease contracts, joint operating agreements, & joint interest accounting procedures. Other major additions & revisions include economics & statistics of the oil & gas industry, standardized measure disclosures, the ceiling test problem for companies using the successful efforts method, spot gas sales, an enlarged chapter on partnership accounting, accounting for reclamation & restoration costs, updated full cost accounting, & analysis of new deferred tax accounting rules.

International Petroleum Accounting

International Petroleum Accounting
Author: Charlotte J. Wright
Publisher:
Total Pages: 583
Release: 2019
Genre: International business enterprises
ISBN: 9781593701673

"This book illustrates various aspects of accounting in international petroleum operations. The authors discuss and illustrate international petroleum contracts and related contract accounting issues that arise and contrast U.S. accounting standards with those of other countries which are likely to be applicable to companies operating in international settings. Also included are discussions of petroleum tax regimes encountered around the world"--

Oil & Gas Accounting

Oil & Gas Accounting
Author: Steven M Bragg
Publisher:
Total Pages: 192
Release: 2018-04-28
Genre:
ISBN: 9781642210071

Oil and gas operations have some of the most unique accounting issues found in any industry. Oil & Gas Accounting delves into acquisition, exploration, development, and production activities, covering many industry-specific accounting issues. Topics covered include the successful efforts method, full cost method, reserve reporting, the unit of production method, severance taxes, take-or-pay arrangements, transfers of mineral interests, and joint interest accounting, as well as industry-specific controls that should be installed. In short, this is the essential oil and gas desk reference for the accountant.

Handbook of Pollution Prevention and Cleaner Production Vol. 1: Best Practices in the Petroleum Industry

Handbook of Pollution Prevention and Cleaner Production Vol. 1: Best Practices in the Petroleum Industry
Author: Nicholas P Cheremisinoff
Publisher: William Andrew
Total Pages: 271
Release: 2009-09-22
Genre: Technology & Engineering
ISBN: 0815520360

This new Handbook provides a series of reference guides to cleaner production methods, technologies, and practices for key industry sectors. Each volume covers, for each industry sector: * the manufacturing technologies * waste management * pollution * methods for estimating and reporting emissions * treatment and control technologies * worker and community health risk exposures * cost data for pollution management * cleaner production and prevention alternatives Best Practices in The Petroleum Industry provides an overview of refineries and gas plant operations and identifies the key Environmental Aspects, supported by case studies of major incidents that resulted in catastrophic releases of oil and refined products, and a critical assessment of the methodology and calculation procedures that the industry relies on in preparing emissions inventories. The authors offer alternative approaches to providing more accurate emissions estimates, and guidelines on cleaner production and pollution prevention practices for improving overall environmental performance. - Overview of the key Environmental Aspects of gas plant operations and refineries - Case studies of major incidents that resulted in catastrophic releases of oil and refined products, including the Santa Barbara oil spill of 1969 and the EXXON Valdez incident - Provides guidelines on cleaner production and pollution prevention practices for improving overall environmental performance

Performance Management for the Oil, Gas, and Process Industries

Performance Management for the Oil, Gas, and Process Industries
Author: Robert Bruce Hey
Publisher: Gulf Professional Publishing
Total Pages: 742
Release: 2017-04-06
Genre: Technology & Engineering
ISBN: 0128104473

Performance Management for the Oil, Gas, and Process Industries: A Systems Approach is a practical guide on the business cycle and techniques to undertake step, episodic, and breakthrough improvement in performance to optimize operating costs. Like many industries, the oil, gas, and process industries are coming under increasing pressure to cut costs due to ongoing construction of larger, more integrated units, as well as the application of increasingly stringent environmental policies. Focusing on the 'value adder' or 'revenue generator' core system and the company direction statement, this book describes a systems approach which assures significant sustainable improvements in the business and operational performance specific to the oil, gas, and process industries. The book will enable the reader to: utilize best practice principles of good governance for long term performance enhancement; identify the most significant performance indicators for overall business improvement; apply strategies to ensure that targets are met in agreed upon time frames. - Describes a systems approach which assures significant sustainable improvements in the business and operational performance specific to the oil, gas, and process industries - Helps readers set appropriate and realistic short-term/ long-term targets with a pre-built facility health checker - Elucidates the relationship between PSM, OHS, and Asset Integrity with an increased emphasis on behavior-based safety - Discusses specific oil and gas industry issues and examples such as refinery and gas plant performance initiatives and hydrocarbon accounting

Audit and Accounting Guide

Audit and Accounting Guide
Author: AICPA
Publisher: John Wiley & Sons
Total Pages: 309
Release: 2018-10-30
Genre: Business & Economics
ISBN: 1119570999

First update in 4 years! As fluctuating oil prices, off-shore drilling, and other energy-related issues impact the way your clients conduct business, it i essential to have a keen understanding of the domestic and international topics and trends facing the oil and gas industry today. This 2018 edition includes over 200 pages of invaluable guidance to help accountants improve their industry knowledge, fine-tune their strategies, and provide high-quality services to their clients. This publication provides important technical guidance, summarizes new standards and practices, and delivers "how-to" advice for handling audit and accounting issues that will be critical to your success. Key Features of this title are: An updated illustrative representation letter that contains industry-specific representations. Discussion and interpretive guidance associated with FASB ASC 606, Revenue from Contracts with Customers

The Taxation of Petroleum and Minerals

The Taxation of Petroleum and Minerals
Author: Philip Daniel
Publisher: Routledge
Total Pages: 471
Release: 2010-04-15
Genre: Business & Economics
ISBN: 1136966951

Oil, gas and mineral deposits are a substantial part of the wealth of many countries, not least in developing and emerging market economies. Harnessing some part of that wealth for fiscal purposes is critical for economic development: in few areas of economic life are the returns to good policy so large, or mistakes so costly.