Contabilidad eu

Statement of Financial Accounting Standards No. 19
FAS19 Status Page FAS19 Summary

Financial Accounting and Reporting by Oil and Gas Producing Companies

December 1977

Financial Accounting Standards Board
of the Financial Accounting Foundation 401 MERRITT 7, P.O. BOX 5116, NORWALK, CONNECTICUT 06856-5116

Copyright © 1977 by Financial Accounting Standards Board. All rights reserved.No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the Financial Accounting Standards Board.

Page 2

Statement of Financial Accounting Standards No. 19 Financial Accounting and Reporting by Oil and Gas ProducingCompanies December 1977 CONTENTS Paragraph Numbers Introduction ..................................................................................................................... 1–5 Scope ............................................................................................................................. 6–9 Standards of Financial Accounting and Reporting:Definitions............................................................................................................. 10 Basic Concepts ................................................................................................ 11–14 Accounting at the Time Costs Are Incurred.................................................... 15–26 Acquisition ofProperties....................................................................................... 15 Exploration...................................................................................................... 16–20 Development ................................................................................................... 21–22 Production ....................................................................................................... 23–25 Support Equipmentand Facilities ......................................................................... 26 Disposition of Capitalized Costs..................................................................... 27–41 Assessment of Unproved Properties ..................................................................... 28 Reclassification of an UnprovedProperty............................................................. 29 Amortization (Depletion) of Acquisition Costs of Proved Properties .................. 30 Accounting When Drilling of an Exploratory Well Is Completed.................. 31–32 Accounting When Drilling of an Exploratory-Type Stratigraphic Test Well Is Completed................................................................................. 33–34 Amortization and Depreciation of CapitalizedExploratory Drilling and Development Costs ......................................................................... 35 Depreciation of Support Equipment and Facilities ............................................... 36 Dismantlement Costs and Salvage Values ............................................................ 37 Amortization of Costs Relating to Oil and Gas Reserves ProducedJointly.................................................................................................. 38 Information Available after the Balance Sheet Date ............................................. 39 Surrender or Abandonment of Properties........................................................ 40–41 Mineral Property Conveyances and Related Transactions .............................. 42–47Disclosure........................................................................................................ 48–59 Disclosure of Reserve Quantities .................................................................... 50–56 Disclosure of Capitalized Costs ............................................................................ 57 Disclosure of Costs Incurred in Oil and Gas Producing Activities...