New Shale Discoveries Drive Need for Better Understanding of Energy Accounting and Taxation

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As new oil and gas discoveries have spurred the energy industry, so has the need to understand the unique petroleum accounting and oil and gas taxation rules to assure the best bottom line.

I loved not only the expertise of the instructor, but the practical exercises.

The University of Tulsa Center for Executive and Professional Development is offering a Petroleum Accounting Basics class for the first time in Houston December 6-7th and the class is already half full.

The energy boom with new shale gas discoveries in parts of the US where petroleum assets were never before recoverable has r accountants, CPAs, auditors, attorneys and corporate controllers to understand the unique petroleum accounting procedures and the latest oil and gas taxation rules.

Dr. Linda Nichols, Associate Dean of the Collins College of Business, will t each the class. She is a CPA with energy industry experience and has delivered courses for some the country's largest petroleum companies in the US and abroad. She teaches both beginning and advanced seminars. Participants may register at Petroleum Accounting Basics for the Houston class.

While the University of Tulsa has long been know for petroleum engineering, the TU Collins College of Business has also gained a reputation for expertise in energy accounting, and oil and gas taxation training for the industry. Courses are being delivered in Tulsa, Houston and as far away as Alaska. Dr. Pat Hennessee, editor of CCH's Oil and Gas: Federal Income Taxation, is a recognized expert on oil and gas taxation. His three-day public Oil and Gas Combo course, which includes a day on Oil and Gas Partnerships, is set for Tulsa Houston January 25-27. Much of his research at the university centered around energy tax. Although retired from full-time teaching at the university, Hennessee continues to consult and teach for the energy industry.

The TU Center for Executive and Professional Development also has a Energy Commodity Trading seminar aimed at educating cross-functional employees in the industry whose decisions could be better if they understand the marketing of crude and natural gas.

Other programs focus on building business acumen, leadership, project management skills and process improvement.


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