Accounting in oil and gas
Oil & Gas
K-State
100

What are the two accounting methods related specifically to the exploration costs in the oil & gas industry?

What is successful efforts and full cost method

100

What is the most common form of transportation for oil? 

what is pipeline 

100

When was Kansas State Founded

What is 1863

200

Which accounting method allows a company to capitalize only those expenses associated with successfully locating new oil and natural gas reserves?

what is successful efforts


200

What type of crude is gasoline produced from?

what is sweet crude


200

What is the current enrollment at Kansas State

What is 21,400

300

Which accounting method capitalizes costs regardless of whether a well is deemed successful or not? 

what is full cost method


300

When was the oil export ban lifted? (1977-

what is 2015

300

Who is the creator of the original Powercat logo?

What is Tom Bookwalter

400

Which accounting method promotes higher net income for an early stage oil company?

what is full cost method

500

Which IFRS statement specifies the financial reporting for the exploration and evaluation of mineral resources?

what is IFRS statement 6