Oil and Gas Accounting - Multiple choice questions

1. The steps in finding oil and gas include:

2. Guidance for required supplementary disclosure for publicly traded companies with significant oil and gas producing activities is provided by

3. The rights to both the surface of the land and any minerals beneath the surface is called

4. A joint working interest is

5. Overriding royalty interests, production payments interest and net profits interest are mineral rights typically created

6. The major differences between successful efforts accounting and full cost accounting is

7. Under successful efforts accounting, the costs of drilling an exploratory well resulting in a dry hole are

8. Costs paid for the lease bonus for a new leases are

9. Under successful efforts accounting, costs paid for exploratory G&G costs are

10. Test well contribution agreements are