Addresses the broad impact of low oil prices on global oil trading; in particular, it highlights Six Core Trends shaping the oil trading sector in the last 12 months.

Unfolding Trends in the Oil Trading Industry. Hsieh, Oliver and Rockell, Tim, Spring 2017, pp. 1‑14.

This article, in Part I, identifies the expected federal income tax results for joint operations in two typical farmout transactions.

Tax Planning for Oil and Gas Joint Operations, Part I. Bradford, John T., Spring 2017, pp. 15‑45.

The author provides recent evidence regarding the major structural changes in the audit market for the U.S. oil and gas industry.

The Changing Structure of the Audit Market in the Oil & Gas Industry. Lawson, Bradley P., Spring 2017, pp. 46‑72.

This is Part I of a two-part article which examines COPAS accounting procedures and the operating agreement which establishes the overall structure and framework for conducting exploration and production operations and sharing the costs of such operations among the parties to the agreement.

COPAS Accounting Procedures, Legal and Practical Considerations, Part I. Bower, Karla and Baughman, Johnathan D., Spring 2017, pp. 73‑109.