COPAS OKC

The Council of Petroleum Accountants Societies, Inc. (COPAS) is a professional, national organization comprised of the oil and gas industry’s most knowledgeable and influential accounting professionals. These national societies recognized the need for standardized procedures and guidelines as the oil and gas industry expanded across the country so that common issues and problems could be addressed in a central forum. The societies wanted to develop standardized documents in areas such as joint interest accounting, auditing, production volume and revenue accounting, and financial reporting and tax matters so that companies operating in all parts of the U.S. and Canada could be more effective and efficient by using the same standards and guidelines.