The journal entry is debiting fixed assets and credit accounts payable or cash. It will increase the fixed assets balance on the financial statement. It also increases the liability account if the payment is not yet made. If the payment is already made, it will reduce the cash balance.
[pdf] It contains averages of rigs running in Louisiana divided into regions: north, south inland land, south inland water, state offshore and OCS. The main source of this data is Baker-Hughes drilling statistic.
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