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Fundamentals of Oil and Gas Accounting (4th Edition) [Hardcover]

Rebecca A. Gallun (Author), Charlotte J., Ph.D. Wright (Author), Linda M. Nichols (Author), John W. Stevenson (Author)
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Fundamentals of Oil & Gas Accounting, 5th Edition Fundamentals of Oil & Gas Accounting, 5th Edition 4.5 out of 5 stars (2)
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Book Description

March 21, 2001 0878147934 978-0878147939 4th
An accounting text specifically for the oil and gas industry, updated to a format ideal for both academic and industrial settings. Updated features include examples and homework problems, a new chapter on financial statement analysis, and a new chapter on pipeline accounting, among other changes. DLC: Petroleum industry and trade--Accounting.


Product Details

  • Hardcover: 775 pages
  • Publisher: Pennwell Corp; 4th edition (March 21, 2001)
  • Language: English
  • ISBN-10: 0878147934
  • ISBN-13: 978-0878147939
  • Product Dimensions: 9.7 x 7.6 x 1.8 inches
  • Shipping Weight: 3.4 pounds
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #890,895 in Books (See Top 100 in Books)

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30 of 31 people found the following review helpful:
4.0 out of 5 stars Good Intro to Accounting for Energy Industry, February 21, 2006
This review is from: Fundamentals of Oil and Gas Accounting (4th Edition) (Hardcover)
I'm using this book for an Energy Accounting course. Though I have not yet finished going through it, so far has been a good source for those who wants to get an early exposure into the accounting side of the energy industry, especially oil and gas. With only basic knowldedge of finacial and managerial accounting that I took a couple of years ago, I find that the text is not too confusing to follow. It may also due to the way the author(s) present the materials as well as the flow of it. It also provides plenty of examples. Overall, it's a pretty neat text.
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Inside This Book (learn more)
First Sentence:
Today's oil and gas companies may be involved in four different types of functions or segments: Exploration and production (E&P) Transportation Refining and gas processing Marketing and distribution Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
estimated future development costs, royalty interest owner, central tank battery, separate amortization base, compressor station fuel, profit excluding special items, production payment interest, unproved property, reserve quantity information, salvable materials, acreage pooled therewith, operations hereunder, severance tax rate, nonworking interest, gross barrels, found proved reserves, joint interest accounting, net capitalized costs, joint working interest, working interest owner, current new price, stratigraphic test wells, future dismantlement, unproved properties, gas producing activities
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Lucky Oil Company, Consenting Parties, Fundamentals of Oil, Applicable Paragraph, United States, Interest Area, Garza Company, South Company, Frisco Oil Company, Wildcat Oil Company, Farmer Brown, Aggie Oil Company, Item Lease, Journal of Extractive Industries Accounting, Local Oil Company, Big John, Entry Cash, Entry Unproved, Entry Wells, Equipment Basis Well, Lowfund Company, Unevaluated Leaseholds, Beard Company, Offshore Lease Acquisition, Drilling Parties
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