Council of Petroleum Accountants Societies - COPAS
A council created to discuss and solve the difficulties inherent in accounting in the oil and gas industry.
Investopedia Commentary
Created in 1961, COPAS discussions have created numerous guidelines and documents outlining certain methods of efficient and effective accounting in the oil and gas industry. For example, one of the documents they offer is a detailed outline of how to properly account for natural gas in each stage of production.
Related Links
Industry Handbook
See also: Accountant, Accounting, Barrels per Day, Commodity, Futures, GAAP, Sour Crude, Sweet Crude