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Title: Accounting For Purchases Of Appalachian Production
Author: Fred D. Price
Source: 1983 Appalachian Gas Measurement Short Course
Year Published: 1983
Abstract: In 1981 the Appalachian states of West Virginia, Ohio, Pennsylvania, and New York produced 327 BCF of natural gas. The estinnated proved reserves in the same four states at year end 1981 totaled 4,327 BCF. New gas well completions for those Appalachian states in 1981 were 6,383 or 36% of the United States total. Natural gas production in Appalachia is big business. Accounting for the purchases of Appalachian production requires a flexible accounting system. The accounting requirements for purchases of Appalachian production have changed drastically in recent years. The regulatory, political, economic, and market environments have demanded that accounting systems and methods become more sophisticated to adequately reflect the increasingly complex relationships between buyers and sellers of Appalachian natural gas.

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