Table of Contents

• Upstream Oil and Gas Operations
• Introduction to Oil and Gas Accounting
• Oil and Gas Reserves
• Nondrilling Exploration Costs—Successful Efforts
• Acquisition Cost of Unproved Property—Successful Efforts
• Drilling and Development Costs—Successful Efforts
• Proved Property Cost Disposition—Successful Efforts
• Full Cost Accounting
• Production Activities and Project Analysis
• Asset Retirement and Environmental Obligations
• Impairment and Disposal of Long-Lived Assets
• Accounting for Revenue from Oil and Gas Sales
• Basic Oil and Gas Tax Accounting
• Joint Interest Accounting
• Conveyances
• Oil and Gas Disclosures
• Analysis of Oil and Gas Companies’ Financial Statements
• Accounting for International Petroleum Operations

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, USA. 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.