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Fundamentals of Oil & Gas Accounting 5th Edition by Rebecca Gallun, Charlotte Wright
Edition 5ISBN: 9781630181031Fundamentals of Oil & Gas Accounting 5th Edition by Rebecca Gallun, Charlotte Wright
Edition 5ISBN: 9781630181031 Exercise 6
Which of the following would be IDC?
a. Labor costs to build a road to the drillsite
b. Labor costs to build a road to a producing well
c. Cost of a drillstem test
d. Cost of surface casing
e. Installation costs of surface casing
f. Cost of drilling mud
g. Damages paid to landowner
h. Cost of flow lines, tanks, and separators
i. Installation costs of flow lines, tanks, separators
j. Drilling contractor's charges under a footage-rate contract
k. Drilling contractor's charges under a turnkey contract
l. Cost of cement
a. Labor costs to build a road to the drillsite
b. Labor costs to build a road to a producing well
c. Cost of a drillstem test
d. Cost of surface casing
e. Installation costs of surface casing
f. Cost of drilling mud
g. Damages paid to landowner
h. Cost of flow lines, tanks, and separators
i. Installation costs of flow lines, tanks, separators
j. Drilling contractor's charges under a footage-rate contract
k. Drilling contractor's charges under a turnkey contract
l. Cost of cement
Explanation
Verified
Verified
Intangible Drilling Cost is defined as e...
Fundamentals of Oil & Gas Accounting 5th Edition by Rebecca Gallun, Charlotte Wright
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