Revenue Recognition, First in a Series: Implementation Guidance
Although the Financial Accounting Standards Board issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (ASU 2014-09), more
With Oil and Gas Production Slowing, Are Your Leases Safe?
Driven by the lowest prices in more than a decade, those drillers that can afford it have pinched oil and gas production, waiting for prices to rise. But
Natural Gas Sector Generating Lower Impact Fee Revenues
Many states have realized significant revenue decreases recently related to lower natural gas prices. This impacts many states in the form of lower severance
There has been some rather depressing news related to the natural gas sector in recent months. Energy prices are at 18-year lows, and many energy producers
West Virginia Timber Severance Tax Reestablished, Additional Severance on Coal, Natural Gas and Timber Terminated
The Governor of West Virginia signed legislation on February 29, 2016 that reestablished and imposed a severance tax of 1.50% of the gross value of timber
Record Low Oil Prices Affect Standard Mileage Rate and Social Security Benefits
Oil prices continue to plummet due to record production and weak demand. Production increases in North America are attributable to the various shale plays
Oil & Gas Market Volatility - Triggering Potential Impairment
As we all know from the past year and a half, oil and gas prices have drastically decreased since early 2014. To the average consumer, this has resulted
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