Provides information on basic operations and common terminology. Includes reference to royalty owners and an introduction to fiscal products.
TABLE OF CONTENTS
Chapter 1 Oil and Gas Industry Summary 1-1
- Unitization 1-8
- Types of Ownership Interest 1-8
- Tract or Parcel 1-8
- Successful Efforts Know how 1-9
- Separate Deposits 1-8
- Property Summary 1-7
- Mineral Interests . 1-2
- General Description of the Industry 1-2
- Full Cost Know how 1-11
- Acquisition in Fee 1-3
- Acquisition Through Mineral Lease 1-2
- Accounting Records 1-12
- Accounting Methods 1-9
Chapter 2 Oil and Gas Industry Issues
- Unproductive Issues 2-1
- Unique Issues 2-2
- Uniform Capitalization Rules 2-4
- Productive Issues 2-1
- Issues Related to an Oil and Gas Entity and Work Summary 2-1
- General Issues [Non-Oil and Gas] 2-5
- Assistance in IRC Section 263A 2-5
Chapter 3 Oil and Gas Audit Techniques
- Units Oversubscribed 3-42
- Unitization 3-7
- Uniform Capitalization Rules -
- Transfers of Proved Properties 3-44
- Shut in Royalties 3-12
- Shooting Rights 3-13
- Royalty Financial gain 3-11
- Property Definition 3-5
- Production Payments 3-12
- Produced Property 3-16
- Predevelopment Expenses 3-17
- Percentage Depletion 3-44
- Overhead Allocation 3-49
- Net Financial gain of the Property 3-47
- Minimum Royalties 3-12
- Leasehold Cost 3-20
- Lease and Well Instrumentality 3-39
- Lease Operational Expense 3-30
- Lease Bonus 3-10
- Interest Capitalization 3-18
- Intangible Drilling Cost 3-34
- Initial Interview Questions 3-2
- Initial Information Document Request 3-3
- Independent Producer 3-44
- IRC section 263A 3-16
- Gross Financial gain from the Property 3-45
- Gross Financial gain 3-8
- Geological and Geology Price 3-22
- Expenses of the Property 3-49
- Examination of an Oil and Gas Entity and Work 3-1
- Engineering Referral 3-1
- Economic Interest 3-41
- Depletion 3-40
- Delay Rentals 3-11
- Damages 3-13
- Cost Depletion on Wildcat Land area 3-43
- Cost Depletion 3-41
- Conclusion 3-19
- Bad Financial obligation (Joint Interest Owners) 3-32
- Auditing Techniques 3-19
- Audit Techniques 3-50
- Audit Techniques 3-37
- Audit Techniques 3-27
- Areas Typical of an Oil And Gas Entity 3-8
- Allocation of Indirect Expenses 3-18
- Advance Royalties 3-11
- Adjusted Basis of Property 3-42
- Accounting Methods 3-4
- Abandonment Cost 3-25
