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Thompson's Cooperative Management Mineral Rights Act

On October 2, 2017, the U.S. House of Representatives passed a bill, the Cooperative Management of Mineral Rights Act of 2017, which was introduced by

Regional Economic Impact of the Shell Cracker Plant

In June 2016, Shell Oil Company, the U.S. subsidiary of the global oil and gas company Royal Dutch Shell, announced that it had selected a site in Beaver

Hedge Accounting Changes

Companies have indicated that the hedge accounting requirements in current guidance sometimes prevent companies from properly recognizing the economic

Severance Tax on the Horizon?

Currently, the Pennsylvania legislature is in the process of approving and finalizing the fiscal year 2017-2018 budget. The revenue portion of the state

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Some Property Rights Contracts May Get Relief from the Lease Standard

The Financial Accounting Standards Board (FASB) issued a proposed amendment to Accounting Standard Update 2016-02 Topic 842 – Leases (ASU 2016-02)

Hurricane Harvey: Rain Falls, Gas Prices Rise

When meteorologists merely project a hurricane’s path across an area that produces large quantities of oil and natural gas and has a large refining

Shale Oil Producers Continue to Challenge OPEC's Pricing Power

For the past four months in a row, there have been increases in shale oil production of more than 100,000 barrels per day, according to data compiled by

Proposed Taxes: Damaging to Users and Producers of Natural Gas in PA

Earlier in the summer, in an attempt to close the budget gap for the 2017-18 fiscal year, the Pennsylvania Senate passed a bill to assess an additional

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A Postcard From COPAS

Last week, the Council of Petroleum Accountants Societies (COPAS), hosted its latest chapter meeting at Oglebay Resort and Conference Center in Wheeling,

Disruption

One of the many challenges facing businesses today is disruption. Disruption comes in many forms. One that has hit the oil and gas sector is the current

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