Update: Pad Site Sharing Agreement – Draft 2

Industry is drilling increasingly from shared well pads where wells or facilities are not held in common interests. This has created a need for an industry pad sharing agreement to manage both the shared surface rights and the related shared facilities serving the pad wells

How can the rights of the Operator and Joint Operators under the respective Joint Operating Agreements be balanced with the needs of the single padsite Operator?

In April 2016, a joint PJVA-CAPL task force released for industry comment, the first draft of a model well pad sharing agreement to strike such a balance for the typical pad site. The purpose of the agreement is to govern the construction and operation of the shared site and shared facilities, and also address the interrelationship between the pad sharing agreement and the land agreements that will continue to govern well activities. It brings clarity to, the issues of Operatorship, Ownership and conduct of padsite operations. An industry standard model will speed the process of creating shared well pad agreements, offer much greater certainty than exists today and offer parties the flexibility to customize for their own particular needs. The second draft of the model agreement was released for industry review and comment on Nov. 2, 2016.

Speakers:

Jim MacLean, Manager - Mineral Land Asset Management, Repsol Oil & Gas Canada Inc.
He has a diverse range of experience in conventional, unconventional and frontier projects, and has worked directly on a number of industry standardization and work process improvement initiatives.

He has been the principal draftsman of a number of industry documents, including: (i) the 1990 CAPL Operating Procedure and the 2007 and 2015 updates; (ii) the 1997 CAPL Farmout & Royalty Procedure and the 2015 update; and (iii) the 2000 CAPL Property Transfer Procedure and the pending 2017 update.

He is an instructor of several CAPL courses, a guest lecturer in the University of Calgary PLM program for many years and is a regular speaker at oil and gas industry meetings and conferences.

Michael Bruch, Joint Interest Representative/Team Lead, ConocoPhillips
Michael Bruch has been a Joint Interest Representative/Team Lead at ConocoPhillips since 2000. Prior to ConocoPhillips, Michael held a variety of engineering and other roles with Gulf, Crestar, Amoco, Dome and HBOG. He obtained a BSc in Electrical Engineering from the University of Calgary and is a member of APEGA and PJVA.

He has worked on several industry initiatives, including an Enform (PITS) Basic Oil & Gas Measurement Course committee, a CAPP GHG Reporting Guidelines sub-committee, and currently chairs the PJVA/CAPL task force to develop an industry model Pad Site Sharing Agreement.

Lorraine Grant, Joint Interest Representative, ConocoPhillips 
Lorraine Grant has been a Joint Interest Representative at ConocoPhillips Canada since the fall of 2011 (initially as a consultant and now as an employee). From 2006 to 2011, Lorraine was with Suncor Energy Services Inc., as Manager of Land and Joint Interest Contracts and Administration.    Prior to Suncor, Lorraine held Joint Interest and Mineral Land roles with a number of companies, including Lightning Energy, Canadian Hunter, and Amoco Canada Petroleum.   

She has worked on a number of industry committees, including Board of Directors for the CEAMS program; Board of Directors for the Alberta Association of Legal Assistants; BC e-payments Joint Vendor & Industry Committee; CAPL/PLM Mentoring Committee; CAPL/CAPLA Independent Operations Standardization Committee; CAPL Scholarship Trust Fund, CAPL Spring Ball; CAPL Annual Conference, Program Committee; and the PJVA/CAPL Pad Site Sharing Agreement.

Lorraine attended the University of Calgary and obtained a Bachelor of Arts and an Environmental Management Certificate.   She also has a Petroleum Land Management Certificate from Mount Royal College.   Lorraine is a member of PJVA, CAPL (P.Land), CAPLA and PASC.

Lynda MacNeill, Sr. Joint Venture Representative, Ember Resources Inc.
With a broad industry background in joint venture portfolio management, contract negotiation and administration, acquisition and divestures, internal auditing, credit management, operations accounting, international and domestic joint venture auditing, and leading industry change initiatives, Lynda brings a unique perspective to industry issues and the development of industry guidance documents.  She is well known within the industry as a workshop facilitator, conference speaker and course developer and instructor and has participated in or led the development ofover 25 industry model agreements and guidance documents.  Major projects with PASC include redefining joint venture accounting practices as the principle draftsperson of the 1996 and 2011 PASC Accounting Procedures.  With the PJVA, Lynda participated in the development of the appendices for the 1996 PJVA Model CO&O Agreement, co-developed the PJVA Unitization & Administration Course, developed and/or instructed several modules for the PJVA Certificate Program on Units, Production Facilities, JV Agreements, Operations Analysis & Optimization, and JV Auditing.  Lynda has also contributed to the development of several CAPL documents such as the Farmout and Royalty Procedure, the CAPL Operating Procedure, the 2009 and 2017 update to the CAPL Professionalism Manual in the areas of unitizations and joint venture agreements and more recently, the Pad Site Sharing Agreement in tandem with the update to the PJVA Model CO&O Agreement.

Lynda is a member of the PJVA Model CO&O Task Force working on the update the 1999 PJVA Model, is a member of the PJVA Strategic Advisory Group on emerging issues, is frequent speaker at PJVA Early Morning Sessions and continues to participate in PASC as Past Chair of the Joint Interest Research Committee and as the PASC Society Rep in the Council of Petroleum Accountants Societies.

Lynda is a Past President and Honourary Member of PASC, a Lifetime Member of the PJVA and a Chartered Professional Accountant.

D: Wednesday, January 18, 2017
T: 11:30 a.m. - 1:00 p.m.
L: Calgary Petroleum Club (319 5 Avenue SW)

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

Update: The First Day of the Alberta Carbon Levy and Mitigating with Government Incentives for Oil and Gas Producers and Midstreamers.

Come hear about New Federal and Provincial Incentives that help companies access credits for innovative processes that most O&G Companies operating in AB and BC access every day.
Speakers -David Van Den Beld PWC Partner National SR&ED Science Leader, Domenico Barrufaldi PWC Partner, Mel Wilson, Partner and National Leader, Sustainable Business Solutions at PwC Canada

Speakers:

David Van Den Beld
PWC Partner National SR&ED Science Leader and other government incentives

Domenico Barrufaldi
PWC Partner, Tax / National Energy Tax Leader, Specializing in M&A, Corporate Finance & Restructuring.
 
David Crawford
PWC Senior Manager, Indirect Tax Services

Mel Wilson
Partner and National Leader, Sustainable Business Solutions at PWC Canada

Just Added!
Ken Ghag
Senior Manager, Indirect Tax Group at PWC Vancouver 

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

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.

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

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

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

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!