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Fundamentals of Oil & Gas Accounting, 5th Edition (Hardcover)

~ (Author), (Author) "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..." (more)
Key Phrases: estimated future development costs, royalty interest owner, central tank battery, Lucky Oil Company, Consenting Parties, Fundamentals of Oil (more...)
4.0 out of 5 stars  See all reviews (1 customer review)

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Fundamentals of Oil & Gas Accounting, 5th Edition + Nontechnical Guide to Petroleum Geology, Exploration, Drilling and Production (2nd Edition) + Oil & Gas Production in Nontechnical Language
Price For All Three: $173.44

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Editorial Reviews

Product Description

An excellent training manual and professional reference, Fundamentals of Oil & Gas Accounting, 5th Edition, is packed with examples, diagrams, and appendices. The scope of this text is simply unmatched. The book has been completely updated to reflect the current issues facing oil and gas producers operating in both U.S. and international locations. Inside you'll find: A new chapter on asset retirement obligations and asset impairment; an added section on project analysis and investment decision making; updated coverage of asset exchanges and fair value reporting requirements; thorough discussion of oil and gas pricing and marketing arrangements; and, updated examples and homework problems.

Product Details

  • Hardcover: 750 pages
  • Publisher: PennWell Corp.; 5 edition (August 13, 2008)
  • Language: English
  • ISBN-10: 1593701373
  • ISBN-13: 978-1593701376
  • Product Dimensions: 10.3 x 7.3 x 1.7 inches
  • Shipping Weight: 3.4 pounds (View shipping rates and policies)
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon.com Sales Rank: #43,329 in Books (See Bestsellers in Books)

    Popular in these categories: (What's this?)

    #11 in  Books > Professional & Technical > Engineering > Chemical > Petrochemical
    #11 in  Books > Professional & Technical > Engineering > Petroleum, Mining & Geological > Petroleum
    #29 in  Books > Business & Investing > Industries & Professions > Oil & Energy

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Inside This Book (learn more)
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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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20 of 21 people found the following review helpful:
4.0 out of 5 stars Good Intro to Accounting for Energy Industry, February 21, 2006
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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