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MFI-21 Overhead Principles

This document provides guidance as to the difference between Indirect Costs (covered by overhead) and Direct Costs and provides an overview of Overhead provisions specific to each Model Form to increase awareness regarding the implications and consequences associated with various Overhead options.  The document includes detailed discussions of District Expense, Administrative overhead, Warehousing, First Level Supervision, Technical Labor, Personal Expenses, Major Construction, Catastrophe, and Project Team Overhead, and several other areas where confusion has existed. 41 pages. Rev. 2002
Includes the Addendum 1 – MFI-21 AD-1 Overhead – Joint Operations, 2005 Accounting Procedure

$170.00

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MFI-21 Overhead Principles

SKU MFI-21 Categories ,

Description

Table of Contents

  1. INTRODUCTION
  2. DRILLING AND PRODUCING OPERATIONS – OVERHEAD
    1. METHODS OF RECOVERY
      1. DISTRICT EXPENSE
      2. ADMINISTRATIVE OVERHEAD
      3. WAREHOUSE OPERATING AND MAINTENANCE EXPENSE
      4. COMBINED RATES
      5. FIXED RATE
    2. DIRECT VS INDIRECT COSTS
      1. FIRST LEVEL SUPERVISION
      2. TECHNICAL LABOR
      3. PERSONAL EXPENSES
      4. COST OF CONDUCTING INVENTORIES
      5. FIELD COMPUTER AND COMMUNICATION SYSTEMS
      6. EARLY RETIREMENT INCENTIVE/SEVERANCE COMPENSATION
  3. MAJOR CONSTRUCTION AND CATASTROPHE OVERHEAD
    1. GENERAL COMMENTS
    2. MAJOR CONSTRUCTION OVERHEAD
    3. CATASTROPHE OVERHEAD
  4. PROJECT TEAM OVERHEAD
  5. GLOSSARY

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Additional information

Weight 4.0000000035274 oz
Dimensions 11 × 8.5 × 0.025 in
Format

Digital, Printed

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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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