We offer a series of three one-day courses for accountants that will greatly expand their understanding of operational activities, mineral rights, joint operations, joint-interest accounting, economic decision factors, and accounting and reporting requirements. Courses may also be taken individually or merged into a shorter program.
Our instructor has executive-level oil and gas accounting/finance experience, is a CPA and teaches oil and gas accounting at a university level. Do your organization a favor by contacting us today to discuss how we can create a CPE-qualifying program that elevates the knowledge and teamworking capability of your accountants and auditors!
Provides an overview of upstream operations that drive revenues and costs including oil and gas gathering and processing.
Explains U.S. private, state and federal minerals ownership, survey methods, leasing and other types of mineral interests, farmouts, pooling/unitization, joint operations, joint interest accounting, and economic evaluation.
Explains sources of accounting requirements, accounting methods, accounting for exploration and unproved property acquisition costs, exploration well costs, oil and gas reserves, well and facility costs, abandonment costs, DD&A, production costs, and financial statement requirements.