MFI-30 1995 Model Form Accounting Procedure Interpretation

This document provides recommendations to aid in the interpretation and application of the 1995 Model Form so there can be a common ground of understanding in negotiations.  Users will read detailed recommendations and explanations for all five major sections of the accounting procedure:  General Provisions, Methods of Charges to the Joint Account, Costs Incurred on the Joint  Property, Costs Incurred Off the Joint Property, Overhead, Material Purchases, Transfers & Dispositions, and Inventories & Controllable Material

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MFI-30 1995 Accounting Proc.pdf

MFI-30 1995 Accounting Proc.pdf
Description

This document provides recommendations to aid in the interpretation and application of the 1995 Model Form so there can be a common ground of understanding in negotiations.  Users will read detailed recommendations and explanations for all five major sections of the accounting procedure:  General Provisions, Methods of Charges to the Joint Account, Costs Incurred on the Joint  Property, Costs Incurred Off the Joint Property, Overhead, Material Purchases, Transfers & Dispositions, and Inventories & Controllable Material.  It includes a comparison matrix between the 1995 Model Form and the 1984/1986 Model Forms. 65 pages. Pub. 1996.

 

 

 

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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.

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Lakewood, CO 80228
Tel: 303-300-1131


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