Record Detail Back
Petroleum Accounting Principles, Procedures & Issues
- Share to:
Petroleum refers to crude oil and natural gas or simply oil and gas. These are mixtures of hydrocarbons which are molecules, in various shapes and sizes, of hydrogen and carbon atoms found in the small, connected pore spaces of some underground rock formations. These petroleum reservoirs are generally thousands of feet below the surface. Crude oil and natural gas are believed to be the remains of plants and animals, mostly small marine life, that lived many millions of years ago.
Oil and gas are discovered and produced through wells drilled down to the reservoirs. An exploratory well is one drilled to discover or delineate petroleum reservoirs. A development well is one drilled to produce a portion of previously discovered oil and gas. A large producing reservoir may have one or more producing exploratory wells and several producing development wells.
Dennis R. Jennings - Personal Name
5th Edition
06856
NONE
Petroleum
Accounting
Principles, Procedures & Issues
Accounting
English
2000
LOADING LIST...
LOADING LIST...