Key Aspects of Oil and Gas Accounting You Should Know for 2021

OILMAN Magazine interviews Weaver’s Chad Valentine, Partner, Assurance Services, on the key accounting considerations for oil and gas companies in the coming year.  From insights on structuring buy/sell agreements to key tax considerations, Chad answers the top questions on oil and gas accounting that businesses need to know this year. 

  • “Companies should monitor costs by their operators to make sure they are in line with estimates and that they do not indicate overspending or improper well management. In certain cases, a JIB audit may be the proper step to fixing or identifying any issues.”

 

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