Oil & Gas
Water / Gas Injection Well — Capitalized
Capitalizing the cost of drilling and completing an injection well for pressure maintenance.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Development Assets — Injection Wells | Asset (+) | 15,000,000.00 | - |
| Cash / Drilling Contractor | Asset (-) | - | 15,000,000.00 |
💡 Accountant's Note
Injection wells are development assets — they maintain reservoir pressure to maximize production from the field. Their cost is capitalized and depleted using UOP over the associated producing reserves.
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