There are many petroleum fiscal systems in the world, falling under two main families of systems, concessionary and contractual. Production sharing contracts (PSCs) represent the most common form of agreement being written in the world today. This paper will concentrate on the terms of production sharing contracts and their accounting implications.

Accounting Implications of Production Sharing Contracts. Nichols, Linda M., Summer 2010, pp. 1‑15.

This paper reviews the current state of the development of an international accounting standard for the oil and gas industry and the working draft discussion paper (WDDP) issued by the International Accounting Standards Board (ISAB) in 2009.

Reflections on the Attempt to Set a Comprehensive International Accounting Standard for the Oil and Gas Industry. Russell, Alex and Jenkins, Linda, Summer 2010, pp. 16‑29.

This paper addresses the issue of global warming and related questions, the reality of energy in America, and recommendations of strategy for the future.

Real Climate Change and Energy. Smith, Robert P., Summer 2010, pp. 30‑54.

In 2008, the Institute of Petroleum Accounting at the University of North Texas, in partnership with PricewaterhouseCoopers LLP, conducted its survey of U.S. accounting practices. The survey is the latest in a sequence of studies completed by the Institute since the 1980s. This article, part two of a two-part sequence, discusses some new insights provided by the 2008 Survey.

Changes in Accounting Practices in the Oil and Gas Industry: A 2008 Survey, Part II. Styles, Alan K., Summer 2010, pp. 55‑72.