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This course is designed for those individuals who wish to gain a broad understanding of introductory Joint Interest Accounting. It will discuss CEPS, casing & tubing, and controllable vs. non-controllable.
Learning Objectives: By the end of this class you will be able to
- Determine the COPAS categorization of controllable vs. non-controllable materials.
- Identify appropriate valuation methods for material transfers.
- Practice valuation for selected materials utilizing COPAS CEPS.
- Reconcile casing and tubing purchases for quantities used in a well.