NEWS & EVENTS
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March 2017
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Events Calendar

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 14, 2017

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.

March 14, 2017

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

March 22, 2017

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

March 23, 2017

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

March 29, 2017

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)

April 11, 2017

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

April 12, 2017

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

May 10, 2017

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

May 17, 2017

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.

May 24, 2017

May 24 lunch - Alberta Carbon Trunk Line
Location: The Petroleum Club, 319 - 5 Avenue SW, Devonian Room
Time: 11:30 am - 1:00 pm

Alberta's NWR Sturgeon Refinery and Alberta Carbon Trunk Line projects are implementing innovative oilsands refining technology and creating a robust CO2 solution for producers to reduce their GHG footprint and add another 10 to 15 per cent to production profiles at their wells.

Join us for a Joint PJVA/PASC/GPAC presentation by Ian MacGregor, Chairman of Enhance Energy Inc. and Chairman of NW Refining Inc. on May 24, 2017, 11:30am to 1:00pm at the Calgary Petroleum Club. PASC member pricing applies.

Register now!

Closed Meetings

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

March 16, 2017

Education Committee Meeting
Closed Meeting
Event Starts: March 16, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

March 21, 2017

Materials & Inventory Committee Meeting
Closed Meeting
Event Starts: March 21, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

March 21, 2017

Joint Interest Research Committee Meeting
Closed Meeting
Event Starts: March 21, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

March 28, 2017

Membership/Marketing Committee Meeting
Closed Meeting
Event Starts: March 28, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

April 13, 2017

Joint Venture Audit Committee Meeting
Closed Meeting
Event Starts: April 13, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

April 18, 2017

Materials & Inventory Committee Meeting
Closed Meeting
Event Starts: April 18, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

April 18, 2017

Joint Interest Research Committee Meeting
Closed Meeting
Event Starts: April 18, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

April 20, 2017

Education Committee Meeting
Closed Meeting
Event Starts: April 20, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

April 26, 2017

Joint Committee Meeting: Education/Membership/Marketing
Closed Meeting
Event Starts: April 26, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

April 27, 2017

Membership/Marketing Committee Meeting
Closed Meeting
Event Starts: April 27, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

May 11, 2017

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

May 16, 2017

Joint Interest Research Committee Meeting
Closed Meeting
Event Starts: May 16, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

May 18, 2017

Education Committee Meeting
Closed Meeting
Event Starts: May 18, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

May 30, 2017

Membership/Marketing Committee Meeting
Closed Meeting
Event Starts: May 30, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club


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