Asset retirement obligation and oil and gas industry - Compressor - Oil and Gas Industry Press

10-Q: STELLAR RESOURCES LTD

10-Q: STELLAR RESOURCES LTD

(EDGAR Online via COMTEX) -- Item 2. Management Discussion and Analysis of Financial Condition and Results of Operations

Our actual results could differ materially form those reflected in these forward-looking statements as a Statements we make in the following discussion that express a belief, expectation or intention, as well as those that are not historical fact, are forward-looking statements that are subject to risks, uncertainties and assumptions. Our actual results, performance or achievements, or industry results, could differ materially from those we express in the following discussion as a result of a variety of factors, including general economic and business conditions and industry trends, the continued strength or weakness of the contract land drilling industry in the geographic areas in which we operate, decisions about onshore exploration and development projects to be made by oil and gas companies, the highly competitive nature of our business, the availability, terms and deployment of capital, the availability of qualified personnel, and changes in, or our failure or inability to comply with, government regulations, including those relating to the environment. We have discussed many of these factors in more detail elsewhere in this report, including under the headings "Special Note Regarding Forward-Looking Statements" in the Introductory Note to Part I and "Risk Factors" in Item 1A. These factors are not necessarily all the important factors that could affect us. Unpredictable or unknown factors we have not discussed in this report or could also have material adverse effect on actual results of matters that are the subject of our forward-looking statements. All forward-looking statements speak only as the date on which they are made and we undertake no duty to update or revise any forward-looking statements. We advise our shareholders that they should (1) be aware that important factors not referred to above could affect the accuracy of our forward-looking statements and (2) use caution and common sense when considering our forward-looking statements.

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Apache reported that production set a new annual - MBendi

Apache's accomplishments this past year and past quarter reflect the company's operating and financial discipline, with our relentless focus on rate of return, cash generation, and operating and cost oversight. Liquids production increased 18 percent, and this, combined with higher oil prices, drove Apache to record earnings of $3....

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Asset retirement obligation and oil and gas industry - Bookshelf


Audits of entities with oil and gas producing activities Audits of entities with oil and gas producing activities

If the fair value of an asset retirement obligation cannot be reasonably estimated, ... Conveyances 2.133 The oil and gas industry is capital-intensive and ...

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9 ACCOUNTING FORASSET RETIREMENT OBLIGATIONS AND ASSET IMPAIRMENT1 For a number of years, full cost and successful efforts companies have attempted to deal ...

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Inside you'll find: A new chapter on asset retirement obligations and asset ... for international petroleum operations • Analysis of oil and gas companies' ...

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47 cover issues related to oil and gas companies. In EITF No. ... that the cash flows related to the settling of the asset retirement obligation should not ...

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_ ____ Asset retirement obligations could result from the acquisition of many ... An exception is in the oil and gas industry, where we have two generally ...

Asset retirement obligation and oil and gas industry - News


Bonavista Energy Corporation Announces 2010 Year End Results
Non-GAAP Measurements - Within Management's discussion and analysis, references are made to terms commonly used in the oil and natural gas industry. Management uses "funds from operations" and the "ratio of debt to funds from operations" to analyze

Range Announces 2010 Results
The calculations presented by the Company are based on costs incurred excluding asset retirement obligations and divided by proved reserve additions (extensions, discoveries and additions shown in the summary of changes in proved reserves table)

Trilogy Energy Corp. Financial and Operating Results of Trilogy Energy Corp ...
"Operating netback" refers to petroleum and natural gas sales plus realized financial instrument gains and losses and other income minus royalties, operating costs, transportation costs and actual asset retirement obligation expenditures incurred in

Quicksilver Resources Announces Record Reserves and Production in 2010
Finding and development cost, or F&D cost, is calculated by dividing (x) exploration, development and exploitation capital expenditures for the period, plus asset retirement obligation additions and unevaluated capital expenditures as of the beginning

Quicksilver Resources Reports 2010 Fourth-Quarter and Full-Year Results
Fort Worth, Texas-based Quicksilver Resources is an independent oil and gas company engaged in the exploration, exploitation, development and acquisition of oil and gas, primarily from unconventional reservoirs including gas from shales, coal beds and

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The asset retirement obligation is capitalized as part of the carrying amount of our natural gas and oil properties at its discounted fair value. ...

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Accounting for Asset Retirement Obligations. In August 2001, the Board issued Statement ... for asset retirement obligations and associated retirement costs of ...