Every type of company will, of course, tailor its chart of accounts, procedures, subsidiary records, etc., to meet its own operating and organizational needs and the philosophy of its management. Chart Of Accounts [COA] for petroleum exploration and producing... 

Oil and gas producing activities are those activities that involve the acquisition of mineral interests in properties, exploration, development, and production of crude oil, including condensate and natural gas liquids, and natural gas.  Specialized...