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March 2017
SuMoTuWeThFrSa
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PASC Board of Directors Meeting (7 of 11)
March 2016/17 Meeting
Event Starts: March 8, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
9
Joint Venture Audit Committee Meeting
Closed Meeting
Event Starts: March 9, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
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PASC Course: 2011 Accounting Procedure (Introduction)
2011 Accounting Procedure (Introduction) 1/2 Day
Event Starts: March 14, 2017
Time: Registration 7:30 am; Course 8:00 am - 11:30 am
Location: Associations Plus Inc. 600, 900 6 Avenue SW, Calgary

2011 Accounting Procedure: Introduction
Format: ½ day (4-hours)

The PASC 2011 Accounting Procedure affords a new option to companies for a model accounting procedure that was designed in context of an ever-changing industry environment. This course acts as an introduction to some of the key changes that were brought about with the introduction of the 2011 PASC Accounting Procedure, and overviews how some of the new options in PASC 2011 affect our current business practices.

Instructor:  Kody Carroll
As President of Integrity Audit and Accounting Ltd., Kody Carroll has been specializing in Joint Venture Accounting and Joint Venture Audit for both upstream and midstream oil and gas companies for 18 years. He has performed and managed a number of audits at a multitude of companies across the industry. In addition, he has been involved in training on PASC model agreements, equalizations, joint venture accounting, and joint venture audit.

Kody is a member of the Joint Venture Audit Committee (JVAC) of PASC and has a MBA from the University of Calgary specializing in Global Energy Management and Sustainability.

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

Tuesday, March 14, 2017
Registration & Breakfast 7:30 am; Course 8:00am - 11:30 am
Associations Plus Inc. 600, 900 6 Avenue SW, Calgary

Note: Light refreshments served.

PASC Course: 2011 Accounting Procedure (Intermediate)
2011 Accounting Procedure (Intermediate) 1/2 Day
Event Starts: March 14, 2017
Time: Registration 12:00 pm; Course 12:30 pm- 4:00 pm
Location: Associations Plus Inc. 600, 900 6 Avenue SW, Calgary

2011 Accounting Procedure: Intermediate
Format: ½ day (4-hours)

This intermediate course on the 2011 PASC Accounting Procedure picks up where the introductory course left off by providing a more in depth clause-by-clause analysis of key differences between PASC 1996 and PASC 2011. The course will also review some of the challenges that industry may still have to content with when adopting and adapting the 2011 PASC Accounting Procedure for the governing agreements of today and tomorrow. 

Instructor:  Kody Carroll
As President of Integrity Audit and Accounting Ltd., Kody Carroll has been specializing in Joint Venture Accounting and Joint Venture Audit for both upstream and midstream oil and gas companies for 18 years. He has performed and managed a number of audits at a multitude of companies across the industry. In addition, he has been involved in training on PASC model agreements, equalizations, joint venture accounting, and joint venture audit.

Kody is a member of the Joint Venture Audit Committee (JVAC) of PASC and has a MBA from the University of Calgary specializing in Global Energy Management and Sustainability.

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

Tuesday, March 14, 2017
Registration 12:00 pm; Course 12:30 pm- 4:00 pm
Associations Plus Inc. 600, 900 6 Avenue SW, Calgary

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Education Committee Meeting
Closed Meeting
Event Starts: March 16, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
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Materials & Inventory Committee Meeting
Closed Meeting
Event Starts: March 21, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
Joint Interest Research Committee Meeting
Closed Meeting
Event Starts: March 21, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
22
PASC/PJVA/SPE Joint Luncheon - March
Ridley Island
Event Starts: March 22, 2017
Time: 11:30 am Registration & Lunch; 12:00 pm Presentation
Location: Calgary Petroleum Club (319 - 5th Avenue SW)

Ridley Island – 1st Canadian Propane Export Terminal



As propane use continues to expand in Asia and other overseas markets, AltaGas’s propane export terminal will get Alberta and BC’s natural gas to new markets.

Speaker: Jamie Fisher, Director - Energy Exports at Altagas

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Course: Revenue Audit
Revenue Audit
Event Starts: March 23, 2017
Time: 7:30 am - 12:00 pm
Location: Associations Plus Inc. 600, 900 6 Avenue SW, Calgary AB

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 Conversiona & 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: Associations Plus Inc. 600, 900 6 Avenue SW, Calgary AB
Time: 7:30am Registration & Lunch, 8:00am Class Starts

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Membership/Marketing Committee Meeting
Closed Meeting
Event Starts: March 28, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
29
PASC Event: Meet, mix & mingle!
Event Starts: March 29, 2017
Time: 4:30 p.m. - 7:00 p.m.
Location: Calgary Petroleum Club (319 5th Avenue SW)

Meet, mix and mingle!

PASC is hosting an opportunity to network with industry peers on Wednesday, March 29th at the Calgary Petroleum Club. Members and non-members are welcome to attend, so feel free to bring guests! The event starts at 4:30pm and your $20 ticket includes entry, apps and a drink. Space is limited to 50 individuals, so please register today!

PASC Members: $20.00 +GST
Nonmembers: $20.00 +GST
Location: Calgary Petroleum Club (319 - 5th Avenue SW)
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April 2017
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Course: Intro to Petroleum Tax 1/2 Day
Intro to Petroleum Tax - morning session
Event Starts: April 11, 2017
Time: 8:00 am to 12:00 noon
Location: Associations Plus Inc. 600, 900 6 Avenue SW, Calgary, AB

PASC is offering a half day course on the Introduction to Petroleum Tax.  Topics for the course include an Overview of Income Tax; What is income; How oil and Gas activities are treated for tax; Land costs; Development Costs; Revenue, expenses & tax.  Now is the time to finally understand what is COGPE, CDE and CEE tax classes and how do they affect the bottom line to your company. 

At the end of the class you will an example on how the tax guru’s complete the T2 tax return.  The course is taught by Keith Raskob-Smith Senior Supervisor, Tax for Devon Canada. 

PASC Members: $300 + GST

Non-PASC Members: $350 + GST

Location: Associations Plus Inc. 600, 900 6 Avenue SW, Calgary, AB

Time: 8:00am Registration & Breakfast, 8:30am Class Starts

Note: Full breakfast & tea/coffee served between 8:00am - 8:30am

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PASC Board of Directors Meeting (8 of 11)
April 2016/17 Meeting
Event Starts: April 12, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
13
Joint Venture Audit Committee Meeting
Closed Meeting
Event Starts: April 13, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
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18
Materials & Inventory Committee Meeting
Closed Meeting
Event Starts: April 18, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
Joint Interest Research Committee Meeting
Closed Meeting
Event Starts: April 18, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
19
PASC Luncheon: April 19, 2017
The Value of Social Credit
Event Starts: April 19, 2017
Time: 11:30am - 1:00pm
Location: Calgary Petroleum Club (319 5th Avenue SW)

Presenter

Andrew Obrecht

YYC – YEG Cycle – Spin Studios

Presentation Title

The Value of Social Credit

Presentation Description

When the economy slumps, times become tough and small businesses begin to suffer, how do you grow your business and promote customer loyalty? One answer, Social Credit. A look at how one Calgary small business grew from one location, to four locations during Alberta’s recession. Join Andrew Obrecht, co-owner of YYC and YEG Cycle as he discusses how they used the slumping economy as an opportunity to grow their business, through creating social value. Hear how YYC Cycle has generously given back to the communities it operates in, created a community atmosphere amongst its locations and grown its loyal clientele along with the business. 

Speakers Biography

Andrew Obrecht is co-owner of YYC-YEG Cycle, a spin studio that aims to provide a unique workout experience that will leave your mind and body feeling energized and rejuvenated. YYC Cycle started with one location in Kensington, and has since grown to three Calgary locations and one Edmonton location. YYC Cycle was founded by three born-and-raised Calgarians who saw an opportunity to offer and innovative form of group exercise that breaks the mold of traditional indoor Cycling. Their goal is to bring their communities an incredible fitness and lifestyle experience that extends beyond its studio doors.  

 

D: Wednesday, April 19, 2017
T: 11:30 a.m. - 1:00 p.m.
L: Calgary Petroleum Club (319 5 Avenue SW)

PASC Members: $45.00 +GST
Nonmembers: $55.00 +GST
 

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

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Education Committee Meeting
Closed Meeting
Event Starts: April 20, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
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Joint Committee Meeting: Education/Membership/Marketing
Closed Meeting
Event Starts: April 26, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
27
Membership/Marketing Committee Meeting
Closed Meeting
Event Starts: April 27, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
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May 2017
SuMoTuWeThFrSa
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10
PASC Board of Directors Meeting (9 of 11)
May 2016/17 Meeting
Event Starts: May 10, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
11
Joint Venture Audit Committee Meeting
Closed Meeting
Event Starts: May 11, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
12 13
14 15
16
Joint Interest Research Committee Meeting
Closed Meeting
Event Starts: May 16, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
17
Course: Gas Allocations & Audit Findings (Intermediate)
Gas Allocations & Audit Findings (Intermediate)
Event Starts: May 17, 2017
Time: Registration & Breakfast 8:00 am; Course 8:30 am - 4:30 pm
Location: Associations Plus Inc. 600, 900 6 Avenue SW, Calgary AB

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 18 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 the industry liasion for the IMG and heads two subcommittees on changes to the AER/OGC regulations.   He has instructed for PASC, CSHM, & PJVA.

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

Location: Associations Plus Inc. 600, 900 6 Avenue SW, Calgary AB
Includes a light breakfast from 8:00 am - 8:30am and Lunch.

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Education Committee Meeting
Closed Meeting
Event Starts: May 18, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
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PASC Luncheon: May 24, 2017
Event Starts: May 24, 2017
Time: 11:30am - 1:00pm
Location: Calgary Petroleum Club (319 5th Avenue SW)

Save-the-Date

Topic: TBD

Speakers: TBD

D: Wednesday, May 24, 2017
T: 11:30 a.m. - 1:00 p.m.
L: Calgary Petroleum Club (319 5 Avenue SW)

PASC Members: $45.00 +GST
Nonmembers: $55.00 +GST
Lunch will be provided with a non-alcoholic beverage, and dessert.
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Course: Petroleum Accounting - Introduction
Petroleum Accounting: Introduction
Event Starts: May 30, 2017
Event Ends: May 31, 2017
Time: Daily: Breakfast & registration 8:00am; Course 8:30 am - 4:30 pm
Location: PASC Office, Classroom (600, 900 6th Avenue SW)

Introduction to Petroleum Accounting
Format: 2-day

Date: May 30 & 31 (2-day course)
Time: 8:30am - 4:30pm, Registration & breakfast at 8:00am
Place: PASC Office, Classroom (600, 900 6th Avenue SW)

This seminar has been specifically designed to provide an introduction to the Petroleum and Natural Gas Industry and a review of the basic accounting principles and procedures in regular use by the industry. Topic areas include: geology, drilling and completions, field facilities, joint venture accounting, production and revenue accounting, and financial and management accounting.

Day 1

Petroleum Geology
The course covers petroleum geology, geophysics, land ownership, and land survey systems.  It describes the origin, structure, and evolution of the earth, and the nature and origin of petroleum.  It reviews different types of petroleum reservoirs, including their rock properties and structures, and shows how these contribute to the generation, migration, and trapping of oil and gas.  It also shows how geological and geophysical information from wells and seismic surveys can be integrated to locate new petroleum reservoirs.  It discusses the regulation of mineral ownership, including oil and gas, in Canada, with a particular focus on Alberta and B.C.   In particular, it explains the difference between surface and subsurface rights, the consequent obligations of exploration and production companies, and the role of the landman in implementing those obligations.  The course also discusses the basics of joint ventures, including farm-ins, farm-outs, and partnerships.  Finally it describes the Dominion Land Survey (DLS) system and the National Topographic System (NTS), used to define well locations and provide unique well identifiers (UWIs).

Reservoir, Drilling, Completions & Production
This portion of the course discusses the steps after our exploration personnel have decided on a drilling location and the land personnel have acquired the mineral and surface rights. 

A reservoir engineer is engaged to determine the viability of the target formations to hold petroleum and the potential for their economic production. At first, they must determine if there is any natural energy that will allow the well to flow. Then, based on information that is gathered during the drilling operation and also on information from other wells in the area, the reservoir engineer can estimate the amount of petroleum that has been discovered. As production occurs, the engineer can then determine if there are any recovery methods that can enhance both the production rate and the overall recovery. 

The various steps in the drilling operation will be discussed along with the different components of the drilling rig. 

Once a well has been drilled, the results of the operation are evaluated and the geologic results are examined to determine if well will be economic. Hopefully, this is the case and we will be able to complete the well, equip it and eventually make a profit. In this section we will discuss some of the common well completions and other operations that are performed on a well during its life. 

Production Facilities
Now that the well is completed, it can be put on production. Usually a well will flow for the first portion of its life. However, the production rate will decline over time. Once this happens, we can install some form of artificial lift to increase the production rate. We will discuss some of the common methods and equipment. 

Produced petroleum must be gathered and treated to bring it to market specifications. We do this by sending gas to gas plants and oil to oil batteries. This portion of the module will discuss some of the equipment that is used for these purposes.

Joint Interest Accounting
The Joint Interest Accounting portion of the course describes reasons for joint operations and provides detail on methods used in agreements including ; Farm-In/Farm-Out, Carried Interest, Net Profits Interest, Mutual Joint Venture, and Unitization.

The Production and Revenue Accounting portion of the course includes the basic functions of a production accountant including ; Prorating Production, Pipeline Splits, Royalties, Non-Owner Fees, Gas Cost Allowance, and Equalizations.

Day 2

Production & Revenue Accounting
TBA

Financial & Management Accounting
TBA

Instructors:
Lorie Lindberg
Lorie has been working in the oil patch for 35 years in the areas of production, revenue, and royalty accounting.  She received her CMA designation in 1991 and has also received  Certificates in Production Accounting (CAPPA), Joint Venture Auditing, and Teaching .

Lorie has been teaching for the past 25 years for CAPPA, PASC, and various other organizations.  She currently consults for several companies specializing in Gas Cost Allowance and Equalizations.

Mark Lane
Mark Lane has been studying and working in the earth sciences since 1980 and has a gained a wide variety of related experience.  He has worked for oil and gas companies, seismic service companies, universities, and technical institutes.  His career has ranged through oil and gas exploration, geophysical research, computer programming, and employee development.  He has been teaching geophysics and geology since 2005, most recently for Mount Royal University, SAIT Polytechnic, and the Petroleum Accountants Society of Canada.  He is currently providing training services through his company, Mentromorphic Consulting Ltd.

Mel Miners
Mel has over 40 years of experience in the petroleum and related industries. For the last 19 years he has worked as an independent consultant mainly as a reservoir engineer through his company Martlet Inc. More recently, Mel has been associated with Corvelle Consulting to provide guidance on EPAP and other related topics. As an advocate of life-long learning, he has obtained two advanced degrees and multiple short-course certificates. He has also been involved in teaching various courses at both SAIT Polytechnic and Mount Royal University. He is a member of APEGA, CSChE, CAPPA and SPE.

Mehri Salimova
TBA

Membership/Marketing Committee Meeting
Closed Meeting
Event Starts: May 30, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
31
Course: Petroleum Accounting - Introduction
Petroleum Accounting: Introduction
Event Starts: May 30, 2017
Event Ends: May 31, 2017
Time: Daily: Breakfast & registration 8:00am; Course 8:30 am - 4:30 pm
Location: PASC Office, Classroom (600, 900 6th Avenue SW)

Introduction to Petroleum Accounting
Format: 2-day

Date: May 30 & 31 (2-day course)
Time: 8:30am - 4:30pm, Registration & breakfast at 8:00am
Place: PASC Office, Classroom (600, 900 6th Avenue SW)

This seminar has been specifically designed to provide an introduction to the Petroleum and Natural Gas Industry and a review of the basic accounting principles and procedures in regular use by the industry. Topic areas include: geology, drilling and completions, field facilities, joint venture accounting, production and revenue accounting, and financial and management accounting.

Day 1

Petroleum Geology
The course covers petroleum geology, geophysics, land ownership, and land survey systems.  It describes the origin, structure, and evolution of the earth, and the nature and origin of petroleum.  It reviews different types of petroleum reservoirs, including their rock properties and structures, and shows how these contribute to the generation, migration, and trapping of oil and gas.  It also shows how geological and geophysical information from wells and seismic surveys can be integrated to locate new petroleum reservoirs.  It discusses the regulation of mineral ownership, including oil and gas, in Canada, with a particular focus on Alberta and B.C.   In particular, it explains the difference between surface and subsurface rights, the consequent obligations of exploration and production companies, and the role of the landman in implementing those obligations.  The course also discusses the basics of joint ventures, including farm-ins, farm-outs, and partnerships.  Finally it describes the Dominion Land Survey (DLS) system and the National Topographic System (NTS), used to define well locations and provide unique well identifiers (UWIs).

Reservoir, Drilling, Completions & Production
This portion of the course discusses the steps after our exploration personnel have decided on a drilling location and the land personnel have acquired the mineral and surface rights. 

A reservoir engineer is engaged to determine the viability of the target formations to hold petroleum and the potential for their economic production. At first, they must determine if there is any natural energy that will allow the well to flow. Then, based on information that is gathered during the drilling operation and also on information from other wells in the area, the reservoir engineer can estimate the amount of petroleum that has been discovered. As production occurs, the engineer can then determine if there are any recovery methods that can enhance both the production rate and the overall recovery. 

The various steps in the drilling operation will be discussed along with the different components of the drilling rig. 

Once a well has been drilled, the results of the operation are evaluated and the geologic results are examined to determine if well will be economic. Hopefully, this is the case and we will be able to complete the well, equip it and eventually make a profit. In this section we will discuss some of the common well completions and other operations that are performed on a well during its life. 

Production Facilities
Now that the well is completed, it can be put on production. Usually a well will flow for the first portion of its life. However, the production rate will decline over time. Once this happens, we can install some form of artificial lift to increase the production rate. We will discuss some of the common methods and equipment. 

Produced petroleum must be gathered and treated to bring it to market specifications. We do this by sending gas to gas plants and oil to oil batteries. This portion of the module will discuss some of the equipment that is used for these purposes.

Joint Interest Accounting
The Joint Interest Accounting portion of the course describes reasons for joint operations and provides detail on methods used in agreements including ; Farm-In/Farm-Out, Carried Interest, Net Profits Interest, Mutual Joint Venture, and Unitization.

The Production and Revenue Accounting portion of the course includes the basic functions of a production accountant including ; Prorating Production, Pipeline Splits, Royalties, Non-Owner Fees, Gas Cost Allowance, and Equalizations.

Day 2

Production & Revenue Accounting
TBA

Financial & Management Accounting
TBA

Instructors:
Lorie Lindberg
Lorie has been working in the oil patch for 35 years in the areas of production, revenue, and royalty accounting.  She received her CMA designation in 1991 and has also received  Certificates in Production Accounting (CAPPA), Joint Venture Auditing, and Teaching .

Lorie has been teaching for the past 25 years for CAPPA, PASC, and various other organizations.  She currently consults for several companies specializing in Gas Cost Allowance and Equalizations.

Mark Lane
Mark Lane has been studying and working in the earth sciences since 1980 and has a gained a wide variety of related experience.  He has worked for oil and gas companies, seismic service companies, universities, and technical institutes.  His career has ranged through oil and gas exploration, geophysical research, computer programming, and employee development.  He has been teaching geophysics and geology since 2005, most recently for Mount Royal University, SAIT Polytechnic, and the Petroleum Accountants Society of Canada.  He is currently providing training services through his company, Mentromorphic Consulting Ltd.

Mel Miners
Mel has over 40 years of experience in the petroleum and related industries. For the last 19 years he has worked as an independent consultant mainly as a reservoir engineer through his company Martlet Inc. More recently, Mel has been associated with Corvelle Consulting to provide guidance on EPAP and other related topics. As an advocate of life-long learning, he has obtained two advanced degrees and multiple short-course certificates. He has also been involved in teaching various courses at both SAIT Polytechnic and Mount Royal University. He is a member of APEGA, CSChE, CAPPA and SPE.

Mehri Salimova
TBA

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What's New

Energy Fundamentals Certificate

The Petroleum Accountants Society of Canada is pleased to offer the Junior Energy Certificate program to connect new and prospective entrants with the industry. Delivered through a practical yet informative combination of luncheons, courses and seminars, this 20-25 hour commitment aims to impart foundational knowledge and emerging trends to participants, while concurrently exposing them to an industry association and its associated networking opportunities with the society’s members at various career levels.

More Info

July - 2017 CAPL Property Transfer Procedure

CAPL has distributed the material associated with the first industry draft of the 2017 CAPL Property Transfer Procedure and is requesting feedback by September 21st, 2016. Please send your organization’s comments in an electronic format to Jim MacLean jmaclean@repsol.com.

April - AG-19 Accounting for Shared Pad Site Costs

PASC is inviting anyone in the industry to please send review comments on the following document to info@petroleumaccountants.com. This PASC document is a companion document to the recently released PJVA/CAPL document: Pad Site Sharing Agreement (PSSA). See a copy of the PSSA here and send any comments on this document directly to the PJVA/CAPL contact.


News Archive


Events

March 8, 2017

PASC Board of Directors Meeting (7 of 11)
March 2016/17 Meeting
Event Starts: March 8, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

March 9, 2017

Joint Venture Audit Committee Meeting
Closed Meeting
Event Starts: March 9, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club