PASOK

Our History

On April 30, 1936, a meeting was held in the offices of Derby Oil Company in Wichita, Kansas, to complete plans for organization of the Petroleum Accountants Society of Kansas. The price of oil was approximately $1.25 per barrel and taxes hovered on the horizon!

The purpose of this organization was identified as "the collecting and sharing of fundamentally sound accounting principles and methods; to develop, improve, extend, and (as far as practicable) standardize the science and art of petroleum accounting." It is significant to note that the By-law changes have been minimal and that the stated purpose has been adhered to.

The Perry PASOK award was originally granted in 1971 as a humorous way of recognizing special service to the Society by individuals. It has persisted and is now considered a uniquely serious annual award.

A long and illustrious list of names have marched through our yearbooks--and have left their mark. PASOK has been recognized as the "keeper of the Pursestrings" of the oil and gas industry of Kansas. The members have both warranted and received a certain respect. It is a privelage and an honor to be a member of PASOK.