# ASC 815-932-05: Derivatives and Hedging — Extractive Activities—Oil and Gas — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/815/932/#05-overview-and-background)

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## ASC 815-932-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/815/932/#05-overview-and-background)

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##### [815-932-05-1](https://asc.understandingaccounting.org/asc/815/932/#815-932-05-1)

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This Subtopic provides guidance on gas-balancing arrangements.