ONRR’s Common Issues In Industry Audit

More documents

Recommendations

Info

Issue #2 - Indian Dual Accounting How does ONRR handle this? • ONRR is auditing and reviewing Form MMS-4410’s. Companies claim actual dual accounting and do not have support for the allowance taken. • ONRR denies the processing allowances used in the calculations if it is not supported.
Issue #2 - Indian Dual Accounting Possible Improvements • Electing to perform the Alternative Method of dual accounting for Indian leases. • Supporting documentation for processing not required • Contacting ONRR for approval of processing allowances when the company does not process the gas.
Page 1 and 2: ONRR’s Common Issues In Industry
Page 3 and 4: Issue #1- Entitlements How Does ONR
Page 5 and 6: Issue #1- Entitlements Question for
Page 7: Issue #2 - Indian Dual Accounting C
Page 11 and 12: Issue #2 - Indian Dual Accounting I
Page 13 and 14: Issue #3 - Due Diligence How Does O
Page 15 and 16: Issue #3 - Due Diligence Question f
Page 17 and 18: Issue #4 - Audit Contact ONRR has d
Page 19 and 20: Issue #4 - Audit Contact Possible I
Page 21 and 22: Industry Response Issue #4 - Audit
Page 23 and 24: Issue #5 - Gas Valuation within an
Page 25 and 26: Issue #5 - Gas Valuation within an
Page 27 and 28: Issue #6 - Off-lease measurement, c
Page 33 and 34: Issue #7 - Fuel Use How Does ONRR H
Page 35 and 36: Issue #7 - Fuel Use Question for In
Page 37 and 38: Issue #8 - Reporting Codes • Comp
Page 39 and 40: Issue #8 - Reporting Codes Possible
Page 41 and 42: Issue #8- Reporting Codes Industry

ONRR’s Common Issues In Industry Audit

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?