top of page

OIL AND GAS ACCOUNTING

COURSE OVERVIEW & LEARNING OUTCOMES

Participants learn the particularities of recording and reporting cost and revenues incident to creation and realization of mineral interests. 

TARGET PARTICIPANTS

  • Finance and Account Teams 

  • Economists and Analysts 

EXAMPLE MODULES

  • Introduction to Oil and Gas Accounting 

  • Non-drilling Exploration Costs – Successful Efforts 

  • Acquisition Costs of Unproved Property – Successful Efforts 

  • Drilling and Development Costs 

  • Proved Property Cost Disposition – Successful Efforts 

  • Accounting for Asset Retirement Obligations and Asset Impairment 

  • Accounting for Revenue from Oil and Gas Sales 

  • Basic Oil and Gas Tax Accounting 

  • Joint Interest Accounting 

  • Conveyances 

  • Oil and Gas Disclosures 

  • Accounting for International Petroleum Operations 

  • Analysis of Oil and Gas Companies’ Financial Statements 

  • Cash calls and monitoring costs 

  • Variance analysis 

DURATION

5 Days

LOCATIONS:

Houston

bottom of page