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Council of Petroleum Accountants Societies
Joint development of oil and gas properties can be conducted under a number of different types of agreements. This Accounting Guideline explains three of these types of agreements and identifies unusual or unique contractural provisions found in each of these arrangements. This document also provides guidelines for the accounting and cost reporting normally required for these operations. Many of these agreements involve various payout calculations, and this document provide guidance and numerous examples on the complexities involved in calculating the most accurate payout, based on complex circumstances. 44 pages. 2005.
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Refer a fellow oil and gas accounting professional to take this course. When the person you refer enrolls, your next webinar is on us. Choose any webinar in the COPAS Energy Education Store. That’s a free CPE credit eligible course as our way of saying “thank you.” You can earn one free webinar per referred person who enrolls.