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Please define the below terms History of Oil and Gas Industry/ Origin of Petroleunm How is oil and gas formed Hydrocarbons on earth and crude

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History of Oil and Gas Industry/ Origin of Petroleunm How is oil and gas formed Hydrocarbons on earth and crude oil E&P layers of rock Exploration vs Production The primary constituents in oil Two broadly acknowledged methods to account for E&P Cost Full Cost vs Successful effort GAAP vs IFRSA The objective of oil and gas operations Determining where new oil and natural gas reserves are located The purpose of Seismic Surveys Accounting for Differences in Oil and Gas Accounting An oil and gas company engaged in the exploration, development and production of new oil or natural gas reserves will incur costs that are identified as belonging to one of four categories. Oil & Gas Accounting Terminology Oil and Gas Reserves Oil and Gas Reserves The Final Rule Well Definitions and Classifications Well Logs The benefits of advances in drilling technology Site restoration DD&A Rocks and Traps GAAP vs IFRS Joint interest operations Joint interest operations audits Supplemental Reporting Oil and Gas Disclosures Oil and Gas Sales Royalty Capitalized Interest Oil and Gas Revenue Imbalances Minimum Royalties Over and Under Lift Overhead Impairment test FASB guidance for Asset Retirement Obligation

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