Project Status Report

*Project Status Report as of July 31, 2019

COPAS Model Forms

CommitteeProjectStatusComments By
Anticipated Council Vote
Joint Interest Accounting Procedure Draft 3 released July 31October 30

COPAS Model Forms – Modifications & Interpretations

CommitteeProjectStatusComments ByAnticipated Council Vote
Joint Interest Remote Technology CentersVoting draft distributed in Feb. JI and Audit Committees vote in Sept.
Sept. 2020, contingent on committee approval
 Joint Interest MFI to accompany new model form Accounting ProcedureDraft 1 released July 31October 30
Joint InterestMFI-40, 24-Month Adjustment Period for Joint Account AdjustmentsTeam is resuming work on updating MFI-40. Draft 1 release date TBD.

COPAS Accounting Guidelines

CommitteeProjectStatusComments ByAnticipated Council Vote

No projects to report at this time 
 N/A

COPAS Training & Reference

CommitteeProjectStatusComments ByAnticipated Council Vote
RevenueTR-7, Severance Tax GuideVolunteers needed for 2020 updates – contact Revenue Committee Chair.