The Council Of Petroleum Accountants Societies (COPAS) is a non-profit professional organization established in 1961,[1] and concerned with accounting guidelines and practices within the North American petroleum industry.[2]

Though it has no statutory authority, the organization plays a significant role in the industry through its development of model accounting practices that are often incorporated into the joint operating agreements executed between parties involved in petroleum exploration and production.[3]

COPAS also publishes a variety of books and delivers training seminars and workshops.

COPAS website

References

  1. ↑ Jim Haag (2005). The Acquisition and Divestiture of Petroleum Property: A Guide to the Strategies, Processes and Tactics Used by Successful Companies. PennWell Books. pp. 13–. ISBN 978-1-59370-045-4. Retrieved 12 July 2013.
  2. ↑ "Council Of Petroleum Accountants Societies (COPAS) Definition". Investopedia. Retrieved 2013-07-12.
  3. ↑ Charlotte J. Wright, Ph.D.; Rebecca A. Gallun (2005). International Petroleum Accounting. PennWell Books. p. 27. ISBN 978-1-59370-016 4. Retrieved 2013-07-12.


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