Description

Table of Contents

1. Secondary Recovery Units
   1. Formation and Development of Secondary Recovery Units
   2. Preunitization Expense
   3. Investment Adjustments
   4. Expense and Investment Accounting for Secondary Recovery Units
   5. Ad Valorem Tax Expense
   6. Unpaid Unit Expense
   7. Adjustments for Non-Usable Wells
2. Conservation Units, Forced Unitizations, Spacing Units, Forced Fool Units
   1. Preunitization Expense
   2. Initial Ownership
   3. Well Cost Ownership Adjustments
   4. Owner Approval of Well Cost Adjustment
   5. Subsequent Investment Adjustments
   6. Accounting for Unit Expense
3. Federal Exploratory Units
   1. Preunitization Expense
   2. The Unit Agreement
   3. The Unit Operating Agreement
   4. Methods of Sharing Costs and Production
   5. Investment Adjustment – Divided Form
   6. Investment Adjustment Statement
   7. Expense Accounting