Fundamentals of Oil & Gas Accounting (6th Edition)

Published by PennWell

Fundamentals of Oil & Gas Accounting, 6th Edition is the authoritative textbook for understanding the unique accounting principles and practices used in the petroleum industry. Widely regarded as the industry standard, this comprehensive reference explains the financial, legal, and operational frameworks that govern exploration, production, and revenue recognition in oil and gas operations.

This updated sixth edition integrates real-world industry practice with accounting theory, addressing evolving regulatory standards, IFRS considerations, and modern energy market dynamics. It is an essential resource for accountants, auditors, financial analysts, and students specializing in energy sector finance.

Key Features of This Textbook

• Comprehensive coverage of industry-specific oil and gas accounting principles
• Detailed treatment of exploration, drilling, production, and lifting costs
• In-depth explanation of petroleum revenue recognition and joint interest operations
• Clear discussion of legal, contractual, and regulatory frameworks
• Updated content reflecting IFRS changes and evolving energy market trends

Who Should Buy This Book?

• Accountants and auditors working in oil and gas industries
• Financial analysts and consultants specializing in energy markets
• Students in petroleum accounting and energy finance programs
• Oil and gas professionals seeking a finance and accounting reference
• Libraries supporting business, finance, and energy economics programs

Why It’s Essential (Strengths)

• Recognized industry-standard reference for oil and gas accounting
• Balances technical accounting detail with practical industry examples
• Widely adopted in universities and professional training programs
• Applicable to both U.S. GAAP and international accounting contexts
• Excellent value at BooksGoat ($79.99 with free shipping)

The definitive guide for mastering petroleum accounting and financial reporting.
Order today from BooksGoat and strengthen your oil & gas accounting expertise.