Provided by James R. Martin, Ph.D., CMA
Professor Emeritus, University of South Florida
Energy Main Page
Abdelal, R., A. Khan and T. Khanna. 2008. Big picture: Where oil-rich nations are placing their bets. Harvard Business Review (September): 119-128.
Aboody, D. 1996. Recognition versus disclosure in the oil and gas industry. Journal of Accounting Research (Studies on Recognition, Measurement, and Disclosure Issues in Accounting, 1996): 21-32.
AICPA. 2012. Entities With Oil and Gas Producing Activities - AICPA Audit and Accounting Guide. AICPA.
Alciatore, M. L. and C. C. Dee. 2006. Environmental disclosures in the oil and gas industry. Environmental Accounting: Commitment or Propaganda. Advances in Environmental Accounting & Management (3): 49-75.
Allee, K. D., D. P. Lynch, K. R. Petroni and J. H. Schroeder. 2015. Do property taxes affect real operating decisions and market prices for crude oil? Contemporary Accounting Research 32(2): 736-762.
Andrew, J. and M. Baker. 2020. The radical potential of leaks in the shadow accounting project: The case of US oil interests in Nigeria. Accounting, Organizations and Society (82): 101101.
Archerd, W. R. 1955. Accounting in a petroleum equipment company. N.A.C.A. Bulletin (July): 1501-1507.
Aronofsky, J. S. and A. C. Williams. 1962. The use of linear programming and mathematical models in underground oil production. Management Science (July): 394-407.
Badia, M., M. Duro, B. N. Jorgensen and G. Ormazabal. 2021. Disclosure regulation and competitive interactions: Evidence from the oil and gas industry. The Accounting Review (September): 1-29.
Badia, M., M. Duro, B. N. Jorgensen, G. Ormazabal and H. B. Christensen. 2020. The informational effects of tightening oil and gas disclosure rules. Contemporary Accounting Research 37(3): 1720-1755.
Badia, M., M. E. Barth, M. Duro and G. Ormazabal. 2020. Firm risk and disclosures about dispersion of asset values: Evidence from oil and gas reserves. The Accounting Review (January): 1-29.
Baker, C. R. 1976. Defects in full-cost accounting in the petroleum industry. Abacus 12(2): 152-158.
Bandyopadhyay, S. P. 1994. Market reaction to earnings announcements of successful efforts and full cost firms in the oil and gas industry. The Accounting Review (October): 657-674.
Banham, R. 2013. A well-oiled machine: How oil giant Baker Hughes integrated its far-flung finance operations. CFO (March): 32-35. (Case study).
Barber, R. and D. Hollie. 2020. The effects of accounting complexity and the choice of accounting methods on financial reporting quality: Evidence from the Oil and Gas industry. Journal of Forensic & Investigative Accounting 12(2): 367-385.
Barton, T. L. and J. B. MacArthur. 2003. Activity-based costing and predatory pricing: The case of the petroleum retail industry. Management Accounting Quarterly (Spring): 1-7.
Barton, T. L., J. B. MacArthur and R. L. Moore. 2005. BuyGasCo Corporation: The use of alternative costing methods in a predatory pricing lawsuit. Issues in Accounting Education (November): 341-357.
Berman, N. D. 1961. Profit analysis practices in an oil refining company. N.A.A. Bulletin (July): 63-68.
Bloyd, D. M. 1961. Determining income tax deductions for oil and gas exploration and production costs. N.A.A. Bulletin (July): 51-62.
Bodman, G. T. 1936. Internal auditing for a large oil company. N.A.C.A. Bulletin (April 1): 807-820.
Boone, J. P. 2002. Revisiting the reportedly weak value relevance of oil and gas asset present values: The roles of measurement error, model misspecification, and time-period idiosyncrasy. The Accounting Review (January): 73-106.
Brock, H.1958. A look at accounting principles used by oil and gas producers. The Accounting Review (January): 66-71.
Brock, H. R. 1963. Joint-cost allocation - Not a rate basis. N.A.A. Bulletin (February): 19-26. (Using a variety of bases for cost allocation between gas and oil production shows wide results and should not be used in price regulation).
Bryant, L. 2003. Relative value relevance of the successful efforts and full cost accounting methods in the oil and gas industry. Review of Accounting Studies 8(1): 5-28.
Bumgarner, J. C. 1952. Exchange agreements for petroleum products. N.A.C.A. Bulletin (December): 526-534. (Think you know what gasoline you are buying, perhaps not).
Burger, M., K. T. Smith, L. M. Smith and J. Wood. 2022. An examination of fraud risk at oil and gas companies. Journal of Forensic & Investigative Accounting 14(1): 74-85.
Cacciatore, M., P. Easton and N. Spear. 2000. Accounting for the impairment of long-lived assets: Evidence from the petroleum industry. Journal of Accounting and Economics (April): 151-172.
Calhoun, D. A. 1973. Oil and gas taxation. Management Accounting (November): 21-24.
Canace, T. G. and P. E. Juras. 2011. Cilindro del Sur and United Gas Products: An international application of the strategic cost management framework. Issues in Accounting Education (May): 321-339.
Charnes, A., W. W. Cooper and G. H. Symonds. 1958. Cost horizons and certainty equivalents: An approach to stochastic programming of heating oil. Management Science (April): 235-263.
Chen, K. C. W. and C. J. Lee. 1995. Executive bonus plans and accounting trade-offs: The case of the oil and gas industry, 1985-86. The Accounting Review (January): 91-111.
Chevis, G. and M. Stuebs. 2012. What ethics lie beyond oil? Journal of Accounting Education 30(3-4): 307-324. (Case based on British Petroleum's 1999 Texas City refinery acquisition, deferred maintenance, and refinery explosion).
Chung, K., D. Ghicas and V. Pastena. 1993. Lenders' use of accounting information in the oil and gas industry. The Accounting Review (October): 885-895.
Cobb, R. W. 1925. Cost for oil producers. National Association of Cost Accountants Official Publications (June 15): 3-13.
Colley, F. G. 1925. Accounting for the Petroleum Industry. Journal of Accountancy (July): 74.
Collins, D. W., M. S. Rozeff and D. S. Dhaliwal. 1981. The economic determinants of the market reaction to proposed mandatory accounting changes in the oil and gas industry: A cross-sectional analysis. Journal of Accounting and Economics (March): 37-71.
Connolly, H. 1951. Research accounting in an oil company. N.A.C.A. Bulletin (November): 313-323.
Crawford, S., G. Markarian, V. Musla and R. Price. 2021. Oil prices, earnings, and stock returns. Review of Accounting Studies 26(1): 218-257.
Curtis, M. B. and E. Z. Taylor. 2014. Big oil versus big ideals. Journal of Forensic & Investigative Accounting 6(1): 248-263.
Davis, C. E. and K. Lonborg. 1993. X-Oil Inc.: An instructional case in internal control for the payables cycle. Journal of Information Systems (Fall): 112-133.
Day, E. B. 1953. Income tax is a cost in "paying out" oil properties. N.A.C.A. Bulletin (August): 1646-1650.'
De Aguiar, A. B., P. N. Pinheiro, J. Carlos and T. Oyadomari. 2014. How do different performance measures affect managerial time orientation? Empirical evidence from sales managers in the oil and gas industry. Advances in Accounting: Incorporating Advances in International Accounting 30(1): 143-153.
Deakin, E. B. 1989. Accounting for contingencies: The Pennzoll-Texaco case. Accounting Horizons (March): 21-28.
Deakin, E. B. 1989. Rational economic behavior and lobbying on accounting issues: Evidence from the oil and gas industry. The Accounting Review (January): 137-151.
Deakin, E. B. III. 1979. An analysis of differences between non-major oil firms using successful efforts and full cost methods. The Accounting Review (October): 722-734.
Deffeyes, K. S. 2001. Hubbert's Peak: The Impending World Oil Shortage. Princeton University Press.
Dehne, C. A. 1983. Needed: A single accounting method for oil and gas producers. Management Accounting (December): 52-58.
Demme, R. D. 1953. Pioneering in natural gas production costs. N.A.C.A. Bulletin (August): 1659-1663.
Dharan, B. G. 1984. Expectation models and potential information content of oil and gas reserve value disclosures. The Accounting Review (April): 199-217.
Ding, Y., G. M. Entwistle and H. Stolowy. 2007. Identifying and coping with balance sheet differences: A comparative analysis of U.S., Chinese, and French oil and gas firms using the "statement of financial structure". Issues in Accounting Education (November): 591-606.
Dunn, C. L. 1956. Accounting policies of oil companies. N.A.C.A. Bulletin (August): 1481-1492.
Dunn, M. E. 1955. A cost system for an oil producer. N.A.C.A. Bulletin (July): 1493-1500.
Durand, F. L. 1956. Costing for oil well construction. N.A.C.A. Bulletin (August): 1470-1480.
Dyckman, T. R. and A. J. Smith. 1979. Financial accounting and reporting by oil and gas producing companies: A study of information effects. Journal of Accounting and Economics (March): 45-75.
Eskew, R. K. 1975. An examination of the association between accounting and share price data in the extractive petroleum industry. The Accounting Review (April): 316-324.
Fetyko, D. F. and M. Patterson. 1983. How an oil company analyzes credit. Management Accounting (August): 30-34.
Finnell, J. C., L. G. Ayer and F. B. Harris. 1967. Full costing in the oil and gas producing industry. Management Accounting (January): 47-52.
Ford, P. 1956. Drilling and development costs of oil wells. N.A.C.A. Bulletin (August): 1493-1503.
Fox, J. L. 1949. Cost analysis budget to evaluate operating alternatives for oil refiners. N.A.C.A. Bulletin (December): 403-414.
Franzen, A. B. 1954. Joint venture accounting for oil production. N.A.C.A. Bulletin (April): 1005-1013.
Garvin, W. W., H. W. Crandall, J. B. John and R. A. Spellman. 1957. Applications of linear programming in the oil industry. Management Science (July): 407-430.
Ghicas, D. and V. Pastena. 1989. The acquisition value of oil and gas firms: The role of historical costs, reserve recognition accounting, and analysts' appraisals. Contemporary Accounting Research 6(1): 125-142.
Gidney, H. A. 1929. Methods of oil accounting. N.A.C.A. Bulletin (June 15).
Gramlich, J. D. and J. E. Wheeler. 2003. How Chevron, Texaco, and the Indonesian government structured transactions to avoid billions in U.S. income taxes. Accounting Horizons (June): 107-122. (Use of transfer pricing, special dividends, and Western Hemisphere Allowance (WHA) transactions to avoid taxes).
Gregg, E. S. 1923. The business significance of oil-burning ships. Harvard Business Review (October): 43-48.
Guenther, D. A. and R. C. Sansing. 2012. Unintended consequences of LIFO repeal: The case of the oil industry. The Accounting Review (September): 1589-1602.
Hall, S. C. and W. W. Stammerjohan. 1997. Damage awards and earnings management in the oil industry. The Accounting Review (January): 47-65.
Hamilton, B. P. Jr. 1958. Divisional profit controls - experience of an oil company. N.A.A. Bulletin (October): 31-41.
Han, J. C. Y. and S. Wang. 1998. Political costs and earnings management of oil companies during the 1990 Persian gulf crisis. The Accounting Review (January): 103-117.
Harris, T. S. and J. A. Ohlson. 1987. Accounting disclosures and the market's valuation of oil and gas properties. The Accounting Review (October): 651-670.
Harris, T. S. and J. A. Ohlson. 1990. Accounting disclosures and the market's valuation of oil and gas properties: Evaluation of market efficiency and functional fixation. The Accounting Review (October): 764-780. (Part of a forum on market's fixation and accounting numbers).
Haynes, R. and C. Li. 2016. Continuous audit and enterprise resource planning systems: A case study of ERP rollouts in the Houston, TX oil and gas industries. Journal of Emerging Technologies in Accounting 13(1): 171-179.
Healy, P. M. and G. Serafeim. 2020. Voluntary, self-regulatory, and mandatory disclosure of oil and gas company payments to foreign governments. Accounting Horizons (March): 111-129.
Heimer, C. A. 1985. Allocating information costs in a negotiated information order: Interorganizational constraints on decision making in Norwegian oil insurance. Administrative Science Quarterly 30(3): 395-417.
Hutchinson, P. D., D. W. Johnson and J. L. Reck. 1998. An investigation of the information content of an environmental disclosure in the oil and gas industry. Oil, Gas & energy Quarterly 46(4): 1495-1505.
Jain, P. C. 1983. The impact of accounting regulation on the stock market: The case of oil and gas companies - Some additional results. The Accounting Review (July): 633-638.
Johnson, S. 2012. An emerging concern. CFO (June): 29-30. (Top emerging risks cited by risk managers: Financial volatility, failed and failing states, cybersecurity/interconnectedness of infrastructure, Chinese economic hard landing, oil-price shock, and regional instability).
Koester, R. J. 1982. Handbook on Oil and Gas Accounting. Institute For Energy Development.
Korsmeyer, E. W. 1950. Interpretation of earnings changes in an oil company. N.A.C.A. Bulletin (July): 1383-1392.
Kross, W. 1982. Stock returns and oil and gas pronouncements: Replication and extension. Journal of Accounting Research (Part I, Autumn): 459-471.
Lafferty, J. V. 1963. Control report package for an oil producing company. N.A.A. Bulletin (November): 55-61.
Larcker, D. F. and L. Revsine. 1983. The oil and gas accounting controversy: An analysis of economic consequences. The Accounting Review (October): 706-732.
Lawrence, R. Z. and L. Edwards. 2012. Shattering the myths about U.S. trade policy: Stop blaming China and India. A more active trade policy can lead to a stronger U.S. economy. Harvard Business Review (March): 149-153. (Myth 1: America's open trade policy is the main cause of job losses, especially in manufacturing. Myth 2: U.S. living standards are falling and wage inequality is rising because developing countries compete with the U.S. in its export markets on cost. Myth 3: The rapid growth of emerging markets like China and India is the most important reason for the higher oil prices that hurt Americans).
Lemay, J. W. Jr. 1951. Costing methods for natural gasoline. N.A.C.A. Bulletin (November): 324-331.
Lev, B. 1979. The impact of accounting regulation on the stock market: The case of oil and gas companies. The Accounting Review (July): 485-503.
Lilien, S. and V. Pastena. 1981. Intramethod comparability: The case of the oil and gas industry. The Accounting Review (July): 690-703
Lilien, S. and V. Pastena. 1982. Determinants of intramethod choice in the oil and gas industry. Journal of Accounting and Economics (December): 145-170.
Lys, T. 1984. Mandated accounting changes and debt covenants: The case of oil and gas accounting. Journal of Accounting and Economics (April): 39-65.
Malmquist, D. H. 1990. Efficient contracting and the choice of accounting method in the oil and gas industry. Journal of Accounting and Economics (January): 173-205.
Marquart, S. E. 1952. Plant accounting records for an oil refinery. N.A.C.A. Bulletin (December): 545-557.
Matthias, S. C. 1952. Accounting for a bulk oil plant. N.A.C.A. Bulletin (December): 535-544.
McKee, R. W. 1923. Oil refinery costs and accounts. Journal of Accountancy (October): 247-267.
McKee, R. W. 1923. Value in crude-oil production. Journal of Accountancy (April): 258-275.
McKinnon, W. L. 1950. Planned control of costs in the research division of an oil company. N.A.C.A. Bulletin (June): 1197-1211.
Moreland, K. A. 2007. International financial reporting - Inventory costing at Exxon and BP. Issues in Accounting Education (November): 549-561.
Most, K. S. 1972. The cost center problem in the oil industry. Management Accounting (December): 39-41, 47.
Most, K. S. 1979. A new method of accounting for oil and gas producers. Management Accounting (May): 53-58.
Neumann, B. R. and D. C. Landagora. 1982. Measuring divisional performance for an oil company. Management Accounting (March): 41-45.
Nie, D., 2021. Does voluntary management going concern disclosure predict bankruptcy in the oil and gas industry. Journal of Forensic & Investigative Accounting 13(2): 319-332.
Nyland, H. V. and G. R. Towle. 1956. How we evaluate return on investment - Experience of an oil company. N.A.C.A. Bulletin (May): 1092-1099.
Owhoso, V. and A. Weickgenannt. 2010. Vinand Petroleum, Inc.: Initial audit engagement and fraud risk case for a specialized industry. Issues in Accounting Education (May): 331-346.
Thomas, W. W. 1961. Appraising profit in the crude oil producing industry. N.A.A. Bulletin (December): 61-68.
Patatoukas, P. N., R. G. Sloan and J. Zha. 2015. On the pricing of mandatory DCF disclosures: Evidence from oil and gas royalty trusts. The Accounting Review (November): 2449-2482.
Patten, D. M. 1992. Intra-industry environmental disclosures in response to the Alaskan oil spill: A note on legitimacy theory. Accounting, Organizations and Society 17(5): 471-475.
Pincus, M. 1996. Instructional case: The British Petroleum Company. Issues in Accounting Education (Fall): 443-467.
Pincus, M. 1997. Erratum instructional case: The British Petroleum Company. Issues in Accounting Education (Spring): 171-172.
Pincus, M. and S. Rajgopal. 2002. The interaction between accrual management and hedging: Evidence from oil and gas firms. The Accounting Review (January): 127-160.
Points, A. J. 1962. Multiple-product operating statements in an oil refinery. N.A.A. Bulletin (June): 85-92.
Rajgopal, S. 1999. Early evidence on the informativeness of the SEC's market risk disclosures: The case of commodity price risk exposure of oil and gas producers. The Accounting Review (July): 251-280.
Reimus, B. 2004. Oil and Wasser. Harvard Business Review (May): 33-44. (Case study).
Robert, U. and J. J. Mulhern. 1922. Cost accounting in the oil refining industry. National Association of Cost Accountants Official Publications (June 15): 3-12.
Royston, C. W. 1956. Accounting records for fuel oil dealers. N.A.C.A. Bulletin (March): 880-891.
Seo, R. and D. R. Silversmith. 2020. Chartering vessel to decommission oil and gas wells is ECI. Journal of Accountancy (June): 55-57.
Shaw, W. H. and H. A. Wier. 1993. Organizational form choice and the valuation of oil and gas Producers. The Accounting Review (July): 657-667.
Smith, A. and T. Dyckman.1981. The impact of accounting regulation on the stock market: The case of oil and gas companies: A comment. The Accounting Review (October): 959-966.
Smith, A. F. 1974. Oil production and accounting in the extractive industry. Abacus 10(2): 100-110.
Smith, E. S. 2012. Treasury Regulations entitled to greater deference under Chevron: Supreme Court clarifies itself on judicial interpretation. The CPA Journal (February): 46-47.
Stice, E. K. and J. D. Stice. 2006. Motivation on day one: The use of Enron to capture student interest. Journal of Accounting Education 24(2-3): 85-96.
Swyers, W. E. 1964. Capital budgeting of oil pipelines. N.A.A. Bulletin (May): 47-51.
Taylor, W. J. 1944. Accounting for and control of returnable containers: Compressed and liquefied gas industry. N.A.C.A. Bulletin (July 15): 1178-1194.
Teall, H. D. 1992. Information content of Canadian oil and gas companies' historic cost earnings and reserves disclosures. Contemporary Accounting Research 8(2): 561-579.
Thomas, W. W. 1961. Appraising profit in the crude oil producing industry. N.A.A. Bulletin (December): 61-68.
Turtle, G. R. 1921. Accounting for crude petroleum producers. Journal of Accountancy (April): 250-258.
Waters. S. K. 1942. Oil refinery accounting. N.A.C.A. Bulletin (September 1): 3-26. (Volume 24, issues 1).
Watson, J. W. 1941. Budgetary capital expenditures for an oil company. N.A.C.A. Bulletin (October 15): 207-220.
Whittred, G. P. 1978. Accounting for the extractive industries: Use or abuse of the matching principle? Abacus 14(2): 154-159.
Wolfson, M. A. 1983. Empirical Evidence of Incentive Problems and their Mitigation in Oil and Gas Tax Shelter Programs. Graduate School of Business, Stanford University.
Woods, L. M.1958. The oil venture - An exercise in accounting. The Accounting Review (October): 632-636.
Yung, A. P. 1948. A procedure for handling the retail receivables of an oil company. N.A.C.A. Bulletin (June 15): 1273-1288.