Fundamentals of Oil & Gas Accounting 5th ed. Edition

I have been looking for a good resource on oil and gas accounting for some time. While there are many resources online that are freely available, none really pull together all of the special terminology, complexity, and myriad issues associated with the oil and gas industry. As an investor, I read annual reports and 10-Ks of oil and gas companies all the time and am largely self-taught. Despite many years of following the industry, some of the more esoteric concepts (particularly related to joint ventures, farm-ins, farm-outs, etc) were not 100% clear. Although this book is quite expensive, it is well worth the money for a professional investor seriously interested in the oil and gas field.Like another reviewer, I found the problems at the end of each chapter interesting but find it frustrating that I cannot purchase a solutions manual to check the work. I contacted the publisher and they stated that only professors approved by the authors can receive the manual. While I understand why this is the case (students who may be taking a credit course and attempt to cheat), I wish there was some way to address the issue. In any case, the book is highly recommended.

This book is very good in terms of layout and materials in the book. The authors really explain everything one needs to know about oil & gas accounting. Answers to the chapter questions can also be inferred from the materials in the text. Great book!

Great reference book with lots of detail. The only drawback is that I can't seem to find the solutions to the practice questions located at the end of each chapter. I even searched online for a supplement and didn't see anything. Apart from that, I think it's a great value for the money.

Great book, although a little concerned first two charts in the first chapter are only updated to 2005. That is 10 years. A lot of Macro level items have occurred in the last 10 years of oil and gas, important events that shape the future for this business. I am worried this speaks for the other content in the book.

Everything you wanted to know about oil and gas accounting in the US but were afraid to ask. Dr. Wright was the protege of Dr. Horace Block who wrote the standard on accounting for upstream oil and gas operations. Her understanding and depth of knowledge are unsurpassed in this field. I was fortunate enough to have her as my professor in my undergraduate and graduate work in accounting. There may be other oil and gas accounting books out there, but none can provide the insight of the the whys and wherefores like this can. Highly recommended.

As an accountant new to the oil and gas industry, I tried to find a well organized book that expands on the industry in a logical sequence. This book this. It also used college level language that was not so industry specific that I didn't know what it was saying. I also use it as a resource book as it is easy to get to the topic you need at the moment.

I really enjoyed this book. The industry specific accounting practices are a great resource even for experienced Accountants who are new to the O&G industry. It is worth the price... and I will continue to use it as reference material.

Bought this book before I realized you can't have the solutions manual, as it's owned by the authors and only given to professors. So, any self-teaching students or professionals look elsewhere if you need material problems to work and learn.