Fundamentals of Oil & Gas Accounting, 6th Edition

Dr. Charlotte Wright updates her indispensable accounting book for the oil and gas industry in this revised and expanded sixth edition. The past several years have seen significant new accounting and disclosure rules for the oil and gas industry. To address these changes, the sixth edition addresses all the issues facing the petroleum industry, such as the SEC’s revised definitions of reserves, environmental concerns, and accounting for unconventional resources. With extensive problems, illustrations, numerical examples, diagrams, and appendices, the scope of this text is simply unmatched. Fundamentals of Oil and Gas Accounting provides the most current and complete overview of the industry and makes an excellent training manual and professional reference.

Features & Benefits

• Discussion of the significance of shale and unconventional production as it relates to accounting principles
• New definitions of reserves from the Securities and Exchange Commission, and the impact on accounting processes
• All citations and references align with the updated authoritative literature from the Financial Accounting Standards Board
• A new chapter discussing specific issues previously unaddressed regarding property valuation in the industry
• New, and updated, end-of-chapter problems

Audience

• Management
• Energy lending and finance professionals
• Anyone who seeks to understand how, or relies upon, energy markets
• Students

About the Author

Dr. Charlotte Wright is Regents Professor and Anadarko Petroleum Chair in the School of Accounting in the Spears School of Business at Oklahoma State University in Stillwater, Oklahoma. She specializes in the area of oil and gas accounting and contract economics and in the area of accounting business combinations and consolidations. Dr. Wright has been actively involved in academic research, education, consulting, and practice in the oil and gas accounting and economic analysis area for the past 30+ years. She has coauthored two books: International Petroleum Accounting and Fundamentals of Oil and Gas Accounting and has published numerous journal articles and has made countless presentations and speeches on oil and gas industry-related topics.

Details
Type: Hardcover
Size: 7x10
Pages: 806
Published: November 2016
ISBN: 9781593703639