This new edition covers many significant changes impacting the petroleum industry including important updates such as current industry practice issues from a proprietary survey conducted by the Institute of Petroleum Accounting, and practical guidance on new standards of revenue recognition, joint arrangements, consolidated financial statements, and disclosure of interests in other entities which are of critical importance to those involved or interested in the petroleum industry.New chapters covering midstream operations, master limited partnerships, and SEC considerations have been added. The updated text will also address numerous operational issues that continue to evolve with the demand for capital, inherent industry risks, and the impacts of product price fluctuation.

Offering a clear explanation of financial statements with a practical approach to the analysis of an oil company, this introduction contains tables, figures, and worksheets, and examples of analysis of virtually every aspect of an oil company are provided in detail. Financial quick-look techniques, rules of thumb, commentary, and a glossary are included.

Fundamentals of Petroleum Refining presents the fundamentals of thermodynamics and kinetics, and it explains the scientific background essential for understanding refinery operations. The text also provides a detailed introduction to refinery engineering topics, ranging from the basic principles and unit operations to overall refinery economics. The book covers important topics, such as clean fuels, gasification, biofuels, and environmental impact of refining, which are not commonly discussed in most refinery textbooks. Throughout the source, problem sets and examples are given to help the reader practice and apply the fundamental principles of refining. Chapters 1-10 can be used as core materials for teaching undergraduate courses. The first two chapters present an introduction to the petroleum refining industry and then focus on feedstocks and products. Thermophysical properties of crude oils and petroleum fractions, including processes of atmospheric and vacuum distillations, are discussed in Chapters 3 and 4. Conversion processes, product blending, and alkylation are covered in chapters 5-10. The remaining chapters discuss hydrogen production, clean fuel production, refining economics and safety, acid gas treatment and removal, and methods for environmental and effluent treatments. This source can serve both professionals and students (on undergraduate and graduate levels) of Chemical and Petroleum Engineering, Chemistry, and Chemical Technology. Beginners in the engineering field, specifically in the oil and gas industry, may also find this book invaluable. - Provides balanced coverage of fundamental and operational topics - Includes spreadsheets and process simulators for showing trends and simulation case studies - Relates processing to planning and management to give an integrated picture of refining

Oil and gas operations have some of the most unique accounting issues found in any industry. Oil & Gas Accounting delves into acquisition, exploration, development, and production activities, covering many industry-specific accounting issues. Topics covered include the successful efforts method, full cost method, reserve reporting, the unit of production method, severance taxes, take-or-pay arrangements, transfers of mineral interests, and joint interest accounting, as well as industry-specific controls that should be installed. In short, this is the essential oil and gas desk reference for the accountant.

"This book illustrates various aspects of accounting in international petroleum operations. The authors discuss and illustrate international petroleum contracts and related contract accounting issues that arise and contrast U.S. accounting standards with those of other countries which are likely to be applicable to companies operating in international settings. Also included are discussions of petroleum tax regimes encountered around the world"--

Fundamentals of Enhanced Oil Recovery Methods for Unconventional Oil Reservoirs, Volume 67 provides important guidance on which EOR methods work in shale and tight oil reservoirs. This book helps readers learn the main fluid and rock properties of shale and tight reservoirs—which are the main target for EOR techniques—and understand the physical and chemical mechanisms for the injected EOR fluids to enhance oil recovery in shale and tight oil reservoirs. The book explains the effects of complex hydraulic fractures and natural fractures on the performance of each EOR technique. The book describes the parameters affecting obtained oil recovery by injecting different EOR methods in both the microscopic and macroscopic levels of ULR. This book also provides proxy models to associate the functionality of the improved oil recovery by injecting different EOR methods with different operating parameters, rock, and fluid properties. The book provides profesasionals working in the petroleum industry the know-how to conduct a successful project for different EOR methods in shale plays, while it also helps academics and students in understanding the basics and principles that make the performance of EOR methods so different in conventional reservoirs and unconventional formations. - Provides a general workflow for how to conduct a successful project for different EOR methods in these shale plays - Provides general guidelines for how to select the best EOR method according to the reservoir characteristics and wells stimulation criteria - Explains the basics and principles that make the performance of EOR methods so different in conventional reservoirs versus unconventional formations