Eric Eissler: What accounting and financial reporting methods can oil and gas companies apply to help manage future business decisions? Chad Valentine: Adopting the PCC GAAP alternative for goodwill can alleviate pressures related to goodwill impairment and simplify business combination accounting as consolidations of companies continue to increase in the…
Eissler, former editor-in- chief of Oil & Gas Engineering magazine, previously worked as an editor for Dubai-based The Oil & Gas Year Magazine.
Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.