Practical guides and tools for oil and gas operations accountants
Plain-language explanations, working calculators and checklists for joint interest billing, AFEs, overhead and ownership decimals. Written for the people who code the invoices and send the JIB.
Resources
Capital vs. LOE
How to tell a capital expenditure from a lease operating expense, and why it matters on a JIB.
- Workover expense, workover capital, refrac and facility AFEs
- Gray areas and common audit findings
- A practice exercise with 14 scenarios
Decimal interest calculator
Calculate WI and NRI for a lease or pooled unit, and check that the revenue decimals total 1.
- Multiple tracts with royalties and ORRIs
- ORRIs that burden one owner's share
- Split a month's revenue and costs
COPAS overhead guide
How drilling and producing well overhead works under the COPAS accounting procedure.
- The April 1 adjustment, with recent factors
- Calculator to escalate rates year by year
- Monthly overhead and partner share calculator
JIB month-end close checklist
31 tasks behind a clean joint interest billing close, in the order most operators work them.
- Six phases, from cutoff to reconciliation
- Progress saved in your browser
- Copy the checklist as text
Who it's for
JIB accountants
Quick references for coding, overhead and decimals during close.
New staff
The concepts behind the work, explained without assuming years of experience.
Non-operated partners
Context for reviewing the JIBs and AFEs you receive.
Revenue and land teams
How your decimals and ownership changes flow into billing.
Coming next
Planned additions to the library:
The material on this site is general educational information, not legal, accounting or tax advice. Your joint operating agreements, accounting procedures and company policies govern.