This webinar will discuss measuring and valuation of reserves, “full cost” and “successful efforts” accounting methods, asset retirement obligations (ARO), hedging production and measuring and valuing production.
Learning Objectives: By the end of this class you will be able to
- Recall issues associated with measuring and valuation of reserves.
- Identify “full cost” & “successful efforts” accounting methods.
- Recall asset retirment obligations.
- Define “hedging production.”
- Recall measuring and valuation production issues.