NEWS & EVENTS
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November 2015
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Events Calendar

November 4, 2015

Course: Gas Allocations & Audit Findings (Intermediate)
Gas Allocations & Audit Findings (Intermediate)
Event Starts: November 4, 2015
Time: Registration & Breakfast 8:00 am; Course 8:30 am - 4:30 pm
Location: Calgary Petroleum Club

Gas Allocations & Audit Findings: Intermediate
Format: 1 day

This course will cover:

  • Gas allocations – what are they, who is interested in them,  history, types, what is required to perform a correct allocation,  an example of an allocation process, an example of a simple gas volumetric allocation,  gas and product component allocation steps and a component allocation example.
  • Three things that drive an equitable allocation – accurate volumes (measurement), representative analyses and correct configuration.
  • Measurement – what is measurement, how is it done, why accurate measurement is important, systems included in measurement, standards, why measurement is difficult, reporting measurement, measurement processes and production flow analyses.
  • Audit findings related to measurement – facility& measurement system design/installation issues, error identification and top ten EFM audit issues and recommendations.
  • Gas & Liquid Analysis – compositional measures, what are they used for, important factors when taking samples, gas and liquid analysis audit findings and recommendations

Instructor: Kevin Boyce
For the past 17 years Kevin Boyce worked as a production measurement audit for Encana Corporation.  Prior that that he worked at Chevron Canada Resources for 9 years as a production accountant, joint venture analyst, financial analyst and internal auditor.  He has an Certified Internal Auditor designation, a Certification in Control Self-Assessment and an MBA.  He is  an active member of the Industry Measurement Group (IMG) and is currently heading the subcommittee on changes to the AER regulations.   He has instructed for PASC, CSHM, & PJVA.

Fee:
$500 +GST Members
$575 +GST Non-members

Location: Calgary Petroleum Club (319 - 5th Avenue SW)
Includes a full breakfast from 8:00 am - 8:30am and Lunch.

November 10, 2015

PASC Board of Directors Meeting (4 of 11)
November 2015/16 Meeting
Event Starts: November 10, 2015
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

November 18, 2015

PASC Luncheon: November 18, 2015
Extractive Sector Transparency Measures Act
Event Starts: November 18, 2015
Time: 11:30am - 1:00pm
Location: Calgary Petroleum Club (319 5th Avenue SW)

Extractive Sector Transparency Measures Act

The Extractive Sector Transparency Measures Act (ESTMA) applies to payments made by oil and gas, and mining companies (both public and private) to foreign and domestic governments at all levels. This will eventually include Aboriginal groups. ESTMA is not restricted to Canadian headquartered companies, as foreign companies can be impacted if they have a place of business, do business, or have assets in Canada that meet certain size thresholds. 

The Act implements Canada’s international commitments to participate in the fight against corruption through measures applicable to the extractive sector. The Act became effective on June 1, 2015 and is effective for all financial year-ends beginning after this date.

 

Please join us at the PASC luncheon on Wednesday, November 18th to learn more about ESTMA and how you can help your organization be prepared.

Speaker: Jacques Radder
Jacques Radder is leading PwC’s National Extractive Sector Transparency Measures Act (ESTMA) team from his position as manager in PwC Calgary’s Accounting Advisory Services practice. He has 7 years of experience working with public and private companies under IFRS and US GAAP. Originally from PwC South Africa, he joined the Assurance practice at PwC Calgary in 2011 after completing a 5 month secondment to PwC US.

Jacques brings experience from international audit engagements subject to group reporting requirements and has extensive experience in reviewing and commenting on internal control frameworks and accounting policies. In addition, Jacques’ experience includes providing his clients with pragmatic advice and solutions on complex accounting matters.  He has significant experience in the upstream oil and gas, midstream and energy services industries.

PASC Members: $45.00 +GST
Nonmembers: $55.00 +GST
Location: Calgary Petroleum Club (319 - 5th Avenue SW)

Lunch will be provided with a non-alcoholic beverage, and dessert.

December 9, 2015

PASC Board of Directors Meeting (5 of 11)
December 2015/16 Meeting
Event Starts: December 9, 2015
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

January 13, 2016

PASC Board of Directors Meeting (6 of 11)
January 2015/16 Meeting
Event Starts: January 13, 2016
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

January 14, 2016

Course: Revenue Audit
Revenue Audit
Event Starts: January 14, 2016
Time: 7:30 am to 12:00 noon
Location: Calgary Petroleum Club: 319 5 Avenue SW (Cardium A&B)

Revenue Audit
Format: ½ day

You will learn the following in this 1/2 day session:

  • Petrinex
    • Audit preparation - to ascertain risk areas
  • EPAP - Directive 76 (Alberta)/ EVAP (Saskatchewan)
    • Enhanced Production Audit Program System
    • Enhanced Valuation Audit Program
  • Directive 17
    • Measurement Requirements for Oil & Gas Operations
  • Directive 46
    • Production Audit Handbook
  • Gas Component Conversion & Oil Densities
  • Onsite Information
    • Production Accounting & Revenue Files
    • Oil & Gas Analysis
    • Production Accounting Information Not Available
  • Common Rick Areas & Findings
    • Gas
    • Oil & Solution Gas
    • Liquids

Instructor: Dale Richardson
Dale Richardson received a two year business administration diploma from  Mount Royal College and worked as a Tax Clerk, Gas Plant Accountant, Internal Auditor and a Revenue and Fixed Asset Supervisor before joining Rife Resources Ltd in August 1983.  He started at Rife Resources as a Senior Auditor,  became Audit Supervisor in 1987, was then promoted to the Audit Manager from 1993 to 2008. Since 2008 Dale has become the Business Manager at Rife Resources Ltd.  Dale is currently part of the Asset Preservation and Compliance Team which involves ensuring that the terms of freehold leases are complied with and non leased mineral titles lands are included with offsetting production are drilled or leased out. Dale is also part of the offset team that issues offsets on leased freehold lands where offsetting production is draining the freehold lands. The APAC teams is also involved in mediation and legal issues.

Dale also accesses risk areas internally and conducts internal reviews and contractor audits at Rife Resources which also manages  Freehold Royalties Partnership and Canpar Holdings Ltd.  Dale also participates on joint venture audits as mentor and trainer with the auditors conducting the joint venture audits.

Fee:
$300 +GST Members
$350 +GST Non-members

Location: Calgary Petroleum Club (319 5 Avenue SW)
Time: 7:30am Registration & Breakfast, 8:00am Class Starts
Note: Full breakfast & tea/coffee served between 7:30am - 8:00am

January 20, 2016

PASC Luncheon: January 20, 2016
Optimizing your AFE process for productivity and cost control.
Event Starts: January 20, 2016
Time: 11:30am - 1:00pm
Location: Calgary Petroleum Club (319 5th Avenue SW)

Optimizing your AFE process for productivity and cost control.

In our current economic climate, there is no better time to evaluate your end-to-end business processes and implement new technologies to help oil and gas companies work smarter, not harder. This presentation will focus on how to automate and optimize your AFE processes in order to eliminate waste, operate leaner, maximize productivity, control costs and overspending, and manage your capital more efficiently.

Speaker:  Jill Fernandes, Director of Clients Services, Energy Navigator Inc.
Jill Fernandes has been an influential part of the Energy Navigator Client and Technical Services department since 2006. Her thorough understanding of client workflows and keen technical ability have led her through progressively more responsible positions from second-level support resource, to her current position of Director of Client Services, where she oversees Energy Navigator client services, technical services and support for both AFE Nav and Val Nav worldwide.

Jill has an intimate knowledge of the relationship between AFE Nav and unique client business processes. Her oil and gas industry experience in Financial Accounting and Production Accounting together with related Application Support, Change Management and Release Control positions at various software providers has given Jill a comprehensive perspective to solving customer challenges. Her 20-plus years of experience in the industry have given her a thorough appreciation of the client’s perspective and the ability to develop and provide outstanding service and support to Energy Navigator clients.

PASC Members: $45.00 +GST
Nonmembers: $55.00 +GST
Location: Calgary Petroleum Club (319 - 5th Avenue SW)

Lunch will be provided with a non-alcoholic beverage, and dessert.

Closed Meetings

November 26, 2015

Education Committee Meeting
Closed Meeting
Event Starts: November 26, 2015
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

December 17, 2015

Education Committee Meeting
Closed Meeting
Event Starts: December 17, 2015
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

January 19, 2016

Materials & Inventory Committee Meeting
Closed Meeting
Event Starts: January 19, 2016
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

January 21, 2016

Education Committee Meeting
Closed Meeting
Event Starts: January 21, 2016
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

January 26, 2016

Joint Interest Research Committee Meeting
Closed Meeting
Event Starts: January 26, 2016
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

January 27, 2016

Marketing Committee Meeting
Closed Meeting
Event Starts: January 27, 2016
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club


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