Petroleum Accounting: Principles, Procedures & Issues, 7th edition

This publication is designed to provide accurate and authoritative information and explanation in regards to U.S. petroleum financial accounting principles and practices prior to publication. The book is intended to serve neither as professional advice nor conclusive guidance for a particular transaction or financial presentation.

John Brady, CPA, is a partner in PricewaterhouseCoopers' (PwC) Energy Practice. John has served a wide variety of multinational public and private companies in the oil and gas exploration and production, petroleum refining, oilfield services, and energy marketing sectors of the energy industry.
Charles Chang, CPA is the U.S. Energy Assurance Leader for PwC. He has over 20 years of varied experience covering a wide range of areas including financial statement audits, audits of internal control over financial reporting, numerous other attestation engagements, carve out audits, and advisory work.
Dennis Jenning, CPA, is a retired partner from PwC. After a 33 year career during which time he served as co-chairman of the energy industry program; assurance partner on large public company engagements with extensive international operations; global leader of the international energy industry risk management practice; and coordinator of quality control with PwC's Japanese and Mexican firms. After retirement, Dennis was a Deputy Director with the Public Company Accounting Oversight Board and leader of the Southwest Region for four years. He taught graduate classes at two universities and has been a consultant, author, and speaker.
Rich Shappard, CPA, is an Assurance Partner in PwC's Energy practice. He leads the firm's Independents and Drillers sector and has more than 25 years of experience serving energy and manufacturing clients. Rich has served a wide range of public energy companies, including independent and integrated oil and gas companies and multinational drillers. Rich has extensive SEC accounting and reporting experience and specialized knowledge in the areas of oil and gas accounting, acquisitions and divestitures, income taxes, and stock-based compensation.