An overview of current legislative and regulatory changes by state.

2015 Legislative and Regulatory Update. Wilkinson, Bob, Summer 2015, pp. 1‑11.

As its five-year anniversary approaches, the authors discuss and recap the events surrounding the Deepwater Horizon Disaster including a summary of resultant litigation and tax implications.

The Deepwater Horizon Disaster: A Timeline of Events and How BP May Avoid Paying Taxes. Massel, Norman and Ozio, Marjorie, Summer 2015, pp. 12‑25.

An explanation of how the well-informed oil and gas bankruptcy practitioner can exploit common misperceptions about the nature and magnitude of environmental liabilities and avoid being exploited by those same misperceptions.

Accounting for Oil and Gas Environmental Liabilities in Bankruptcy. Rogers, Greg and Atkins, Charlie, Summer 2015, pp. 26‑79.

This article discusses the modern-day cause and effect of oil and gas drilling that spotlights the petroleum industry's pressing responsibilities as well as the tremendous leadership opportunities that exist for water use innovation and environmental stewardship.

To What Degree Is Water an Asset or Liability? Pavlik, Linda, Summer 2015, pp. 80‑89.

A study of the value-relevance of GAAP and non-GAAP accounting measures commonly used by oil and gas company financial analysts in predicting future cash flows. Such prediction information can be used in investment decisions.

The Value-Relevance of Accounting Figures in the Oil & Gas Industry: Cash Flow or Accruals? Misund, Bård and Osmundsen, Petter, Summer 2015, pp. 90‑110.

This article draws on and updates the discussion of tax policy issues and potential tax reform in the 114th Congress and discusses some of the political barriers facing tax reform.

The Politics of Tax Reform and the Potential Impact on the Oil & Gas Industry. Wright, Jeff and Kummer, Jeff, Summer 2015, pp. 111‑143.

A discussion of the growing risk of unpaid amounts associated with suspended and/or unknown owners which creates “unclaimed property” for a company which must be reported to various states after statutorily defined periods of time have elapsed.

Unclaimed Property & Escheat: The New Frontier. King, William, Summer 2015, pp. 144‑147.

Discusses the 2009 SEC modernization of oil and gas reporting and the value-relevance of the shift from spot to average price requirements.

The Modernization of Oil and Gas Reporting: Price Effect. Machev, Masha and Spear, Nasser, Summer 2015, pp. 148‑187.