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MFI-36 Audit Rights of Non Participating and Non Consenting Parties

Most JOA’s do not address audits of Payout Accounts. This document clarifies the audit rights related to a non-participants’s share of expenses for non-consent situations in the absence of specific audit rights in the JOA.   3 pages.  1997.

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MFI-36 Audit Rights of Non Participating and Non Consenting Parties

SKU MFI-36 Categories ,

Description

Table of Contents

  1. Preface
  2. Problem (Rights in the Absence of Contractual Language)
  3. Interpretation
    1. Audits of Payouts
    2. Adjustments to Payout Statements

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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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