The objective of Oil and Gas operations is to produce and sell oil and gas. After an oil and gas well is completed and it is determined that the well is a commercial producer, procedures are instituted to place the well on production. This entails finding a purchaser for the product; installing production facilities such as flow lines, treating equipment, oil storage tanks and gas metering equipment; and connecting the purchaser's gathering system to these facilities.
Continue to join our blog to learn more about the production, allocation and revenue journals of the Oil & Gas industry. This is a great industry to build your career and accounting profession.
You must expect great things of yourself before you can do them." - Unknown
Source: Professional Development Institute
Hello, I'm Terra the Founder and Marketing Director of Fontenot & Associates Solutions. Thank you for joining my Accounting world. Our blog's purpose is to teach with the determination of closing industry and accounting process gaps that knowingly exist with our uniquely designed detailed procedures and trainings.
My mission is to offer the best accounting results for all companies seeking to close their process gaps with actual solutions. With my Bachelors and Masters Degree in Accounting, I strive for continuous development and professional growth in this profession. My professional career has been in the Oil & Gas industry for nearly the past 10 years but my business focus is to support and train accounting professionals in all industries.