An overview of current legislative and regulatory changes by state.

2016 Legislative and Regulatory Update. Wilkinson, Bob, Summer 2016, pp. 1‑10.

This article will briefly discuss corporate agility and will take a look at the approaches of two large companies with significant upstream operations—Royal Dutch Shell and ExxonMobil.

Royal Dutch Shell versus ExxonMobil: Their Corporate Agility in the Industry Downturn. Nichols, Linda M., Summer 2016, pp. 11‑22.

Expanding natural gas markets will be critically important for U.S. LNG export entities because the more established markets in Asia and Europe—that had been targeted—now instead have suppliers located closer and thus are better able to compete on price than U.S. firms.

Impact of Global Pricing Trends on LNG Export Markets. Tunstall, Thomas, Summer 2016, pp. 23‑29.

The most important aspect of maintaining consistent financial reporting, in accordance with GAAP, is the ability to explain to operations and/or management not only how but why transactions must be treated in a certain fashion.

Speaking "Accounting" to Oil and Gas Operations People. Hood, Ken, Summer 2016, pp. 30‑36.

This article presents a blueprint to predict the future or at least a reasonable and logical method of calculating asset retirement obligations for the oil and gas industry.

The Asset Retirement Obligation Blueprint for Oil and Gas. McEown, Nathen J., Summer 2016, pp. 37‑43.

New partnership rules, generally will be subject to entity-level assessment and collection of tax resulting from an IRS audit, unless that partnership affirmatively elects different treatment for the tax year at issue.

The New Partnership Audit Rules—Turning the Taxation of Partnerships upside down. Beck, Stephen A., Summer 2016, pp. 44‑61.