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Institute of Petroleum Accounting 

UNT's Institute of Petroleum Accounting is dedicated to the study of accounting, financial, taxation and economic issues affecting the oil and gas industry and other extractive industries. Founded in 1980 under the guidance of Horace Brock and endowed by several major oil companies, the institute's mission is to serve the various constituencies of the extractive industries through research, education and publications. 

The institute publishes the Petroleum Accounting and Financial Management Journal, featuring articles on the petroleum industry written by experts drawn from both industry and academia. In addition, the institute, in conjunction with PricewaterhouseCoopers LLP, regularly surveys petroleum industry financial professionals on their current accounting practices and publishes the results. This popular series, begun in 1989 and now in its fifth update, is known as the PricewaterhouseCoopers Survey of U.S. Petroleum Accounting Practices. In 1997, the institute published the first survey on European petroleum accounting practices. 

Under its current director, Teddy L. Coe, the institute has expanded its international reach. For the last several years, it has hosted graduate and post-graduate fellows from Spain, Saudi Arabia, Russia, Sweden and the United Kingdom, reflecting the global nature of the petroleum industry itself. 

By TEDDY L. COE, Director
coet@unt.edu

 

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