Copas gas accounting manual

COPAS provides expertise for the oil and gas industry through the development of Model Form Accounting Procedures, publications, and education. We are a forum for the active exchange of ideas which result in innovative business and accounting solutions.  · with some potential of hydrocarbons (oil or gas) the drilling rig is used to case the well down to the deepest potential zone. The casing strings are set as the drilling progresses. The shallowest casing string is the surface casing and all subsequent casing strings are smaller in diameter and are placed into the well inside the last casing string. US Oil Gas Leader, Paul Horak, provides a view into the future trends for the year ahead including: Changes for upstream, midstream, and oilfield service companies. Expected merger and acquisition (MA) activity. Mexico energy reform. Download the report. Oil and gas accounting, financial reporting, and tax update: January

This is COPAS’ comprehensive guide to accounting for oil, and complements AG, Gas Accounting Manual. This publication provides generally accepted practices for oil allocations and related revenue accounting. COPAS, through its audit and joint interest standing committees, publishes indexes, economic factors, tables, etc. that are used by the oil and gas accounting industry. Many of these factors are components of an operator’s accounting or used on a joint venture audit. accounting procedures and the major changes that have been made to the COPAS Accounting Procedure. II. INTRODUCTION The Council of Petroleum Accountant Societies (COPAS)..* is an organization of regional petroleum accountant societies that prepares and publishes the COPAS accounting procedure forms commonly attached to joint operating.

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