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AG-11 Internal Audits of Exploration and Producing Divisions

This publication results from a joint project of COPAS and the Institute of Internal Auditors, and provides guidelines in conducting an operating review of a company’s exploration and production Divisions.  These divisions represent the heart of an oil and gas company and are normally where the major dollars are expended.  Internal reviews of such divisions, as well as those of the billing and payable functions can detect internal control weaknesses and can result in savings of significant dollars.  24 pages. Pub. 1990.

$100.00

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AG-11 Internal Audits of Exploration and Producing Divisions

SKU AG-11 Categories ,

Description

Table of Content

  1. FOREWORD
  2. INTRODUCTION
  3. PRODUCTION AND ADMINISTRATION
    1. Preparatory Work
    2. Working Fund
    3. Accounts Payable
    4. Purchasing and Receiving
    5. Warehousing and Material Control
    6. AFE Administration
    7. Drilling and Construction
    8. Overhead Charges
    9. Operating and Maintenance Expenses
    10. Oil and Condensate Production
    11. Natural Gas Production – Processed and Non-processed
    12. Field Review (Oil and Gas Production)
    13. Sale of Producing Properties
  4. EXPLORATION
    1. LAND DEPARTMENT
      1. General
      2. Scouting
      3. Lease Acquisitions
      4. Lease Rentals
      5. Farmouts
      6. Joint Operating Agreements
      7. Acreage Trades
    2. GEOLOGY DEPARTMENT
    3. GEOPHYSICAL DEPARTMENT
    4. PROPERTIES DEPARTMENT
      1. General
      2. Calendars
      3. Disbursement and Billing
      4. Checks
      5. Property Lease Files
      6. Suspense List
      7. Bank Account Review
      8. Surrendered Properties

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Additional information

Weight 4.0000000035274 oz
Dimensions 11 × 8.5 × 0.025 in
Format

Digital, Printed

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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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Tel: 303-300-1131

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OUR MISSION

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.

COPAS

P.O. Box 21272
Wichita, KS 67208
Tel: 303-300-1131

Contact Us →

CONNECT WITH US

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